Elucidate Raises €2.5M in Pre-Series A Funding

10 Mar, 2021

Elucidate Raises €2.5M in Pre-Series A Funding
Photo by Mathieu Stern on Unsplash

– Elucidate, a Berlin, Germany-based financial crime risk scoring platform, raised €2.5m in pre-Series-A funding.
– The round led by Frontline Ventures with participation from existing investors Seed X Liechtenstein, APEX Ventures, and Big Start Ventures.
– The new investment will be used to accelerate market penetration to the public sector and regulators, in addition to banks, non-banking financial institutions (NBFIs), VASPs and fintechs already using the platform to assess, score and price financial crime risk.

Compliance Europe GovTech Information Technology Machine Learning Risk Management Software
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