Solutions
Karma Ventures and byFounders have led a USD6.1 million funding round in Icelandic anti-money laundering startup Lucinity.
Existing investors Nordic based Crowberry Capital and US based early stage investor Preceptor Capital also participated in the founding round.
The software startup Lucinity is an Anti-Money-Laundering app that “uses human AI to ‘make money good’ by augmenting financial crime fighters in financial firms with AI technology,” according to the company.
Margus Uudam, founding partner at Karma Ventures, led the deal. “The huge problem Lucinity tackles, the team’s excellent background in financial services and AML solutions industry and the revolutionary approach that the
By Deborah Ruff, Head of US & International Arbitration, Julia Kalinina Belcher, Counsel, and Charles H Golsong, Counsel, Pillsbury Winthrop Shaw Pittman LLP – On 22 May 2020, the Tribunal de Commerce of Paris ordered the insurance giant AXA France IARD SA to pay Maison Rostang, a Michelin-starred Parisian restaurant, EUR 45,000 for two months’ worth of revenue lost due to the Covid-19 pandemic. A simple case of Covid-19 losses? Not quite.
AlbionVC managed UCL Technology Fund, in collaboration with UCL Business, has held the first close of Fund 2, with a GBP100 million target.
PROfounders Capital and Calm/Storm Ventures have invested GBP1 million into sex therapy app Blueheart.
The fresh capital will be used to expand the available suite of therapy sessions and advance therapeutic research, as well as improving the app’s AI capabilities.
The app provides sex and relationship therapy based on the latest scientific research via sessions designed by sex therapist Dr Katherine Hertlein, editor-in-chief of the Journal of Couple and Relationship Therapy. Dr Hertlein is joining Blueheart as their expert advisor.
The Blueheart app deals with three main areas: thought sessions that focus on sexual fears and anxieties; body sessions,
Humanloop, a UCL spinout, has attracted investment from UCL’s Technology Fund (UCLTF). Based on the world-leading research of two notable academics at UCL’s AI Centre Humanloop is teaching AI to improve performance with 10 times less human training than existing systems.The UCLTF has invested in Humanloop to help the team, which includes Professors David Barber and Emine Yilmaz, to build software that can train AI models to reach high levels of accuracy while using smaller datasets through better interaction with their human users.
The potential of AI is still far from being realised. Current AI performance is severely limited
The Untitled Ventures, a seed and pre-seed stage VC investor that focuses on breakthrough technologies from Eastern Europe, is raising a new fund which will invest in early growth stage tech companies in the CEE region.
The firm has offices in London, Moscow and Riga, acting as a venture capital bridge between Eastern and Western Europe.
Untitled Ventures has invested into 26 companies to date. Its portfolio includes Portuguese dating app Pure, Sizolution, and Fixar, which was granted a license to operate in Canadian skies just a few days ago. In 15 percent of those, women are among the founders
Pet owners’ love for their animals, along with the impact of Covid-19, are among the reasons private equity decision-makers feel bullish about the future of the animal care sector, according to a new survey of 100 industry leaders conducted by Katten.
New digital deal platform dubbed Maksab has officially launched with the aim of helping corporate advisers and consultants serve and assist SMEs with streamlined deal-making through exclusive emerging transactions and efficient management features. Maksab connects advisors and private professional investors with SMEs that are seeking growth capital in a virtual environment. The platform is developed for corporate finance consultants and transaction agents known as (advisers), SME business owners (sell-side) and private investors (buy-side).
The Maksab Platform leverages the Ethereum blockchain to allow confidential, secure, streamlined, efficient and reliable transactions between platform users by deploying Ethereum-based ERC-20 smart contract. The smart contract
The increasing need for transparency and efficiency across the private equity industry has led to higher investments into modern IT platforms on a large scale within manager firms. This development will help GPs reach their goals of generating better quality data, responding to investor requests and keeping up to date with regulatory norms.
Private equity managers are being driven along the curve of technology adoption by greater institutional investor interest in the asset class. Managers are having to re-fashion their approach to data to ensure they can meet their clients’ demands with ease and simplicity in a scalable manner.
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
