AI compliance tech start-up FeedStock raises £2.5 million in funding - The TRADE

An artificial intelligence-driven compliance technology company founded by a former fund manager and corporate broker has raised £2.5 million in a recent funding round. FeedStock's latest funding round was led by Praetura Ventures, with Force Over Mass and existing investor Illuminate Financial Management also participating in the round. The company provides AI and natural language processing technologies to help both the buy- and sell-side institutions meet various compliance requirements, as well as commercial goals. Founded in 2015, FeedStock was established by former analyst and fund manager at GAM, Lucas Wurfbain, alongside Charlie Henderson, who previously worked as a research analyst and corporate broker. "With our background in highly regulated businesses, we are seeing enormous appetite for our proprietary technology; not only from businesses required to comply with MiFID II, but also for enterprises that are looking to leverage AI as a core component of their business for efficiency gains and revenue generation," Henderson commented on the recent investment.