Elucidate
Latest round
- Seed
Last raised
- May 2022
Total raised
- $14M
Investors
- 8
About Elucidate
Founded in 2018 in Berlin, Germany, Elucidate GmbH specializes in providing technology solutions to improve compliance and risk management in finance. Co-founders Filipe Garcia, Moeyyad Qureshi, and Shane Riedel have significant experience in the industry, while Delia O'Connor-Highfield serves as the current CEO.Elucidate is a specialized provider of data-driven solutions designed to enhance risk management and compliance in the financial sector, particularly in the fight against financial crime. The company's core offering is its Risk Decision Platform, which utilizes a no-code Risk Module Builder to streamline operations and facilitate compliance with regulatory standards. This platform aggregates over 1,200 data points from more than 17 diverse data sources, enabling financial institutions to build customized risk workflows tailored to their specific needs. Elucidate serves a broad client base that includes banks and financial services firms across multiple geographical markets, with particular emphasis on regions heavily regulated for financial crime, such as North America, Europe, and parts of Asia.Elucidate's revenue model is primarily based on subscriptions for its Risk Decision Platform, providing clients with access to its comprehensive suite of risk management tools and analytics. Clients typically engage through structured subscription agreements, which may include tiered pricing based on the scale and specific requirements of the institution. The firm's flagship product, the Risk Module Builder, is central to its service offering, allowing financial organizations to customize their approaches to risk assessment and compliance. Transactions between Elucidate and its clients are facilitated through direct partnerships, enabling institutions to implement the platform efficiently while ensuring continuous access to updated data and features.000 mn to strengthen its position as a financial crime risk management platform, with plans to enhance its revenue and operations, particularly in Europe and the US. The company is also targeting new markets for further geographic expansion, although specific regions have yet to be disclosed.
Who invested in Elucidate
8 investors across 3 rounds
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Questions about Elucidate
Who invested in Elucidate?
Elucidate has 8 investors on record across 3 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Elucidate raised?
Elucidate has raised 3 venture rounds. Sign up free to see how much each round raised and the total.
When did Elucidate last raise money?
Elucidate's most recent round on record is a Seed, in May 2022.
What does Elucidate do?
Founded in 2018 in Berlin, Germany, Elucidate GmbH specializes in providing technology solutions to improve compliance and risk management in finance.
Where is Elucidate headquartered?
Elucidate is headquartered in Berlin, Germany.
Which VCs invest in companies like Elucidate?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Elucidate's stage. Their profiles are linked below.
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