# Lexverify

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lexverify

- Industry: Software
- Headquarters: Birmingham, UK
- Website: www.lexverify.com
- Total disclosed funding: $1.2M
- Latest round: Seed (Dec 19, 2023)
- Investors on record: 4

## About

Based in Birmingham, UK, and co-founded by Cristian Gherhes (CEO) and Nilansh Khurana (Chief Data Science Officer) in 2020, Lexverify Ltd. operates as a software development company that offers a platform that provides solutions for expediting streamlining legal compliance efforts for both businesses and society. In March 2024, the firm raised GBP 900,000 in seed funding led by investor Midven, with participation from other investors Foresight Group Holdings, Raspberry Ventures, and The LegalTech Fund.

The company provides artificial intelligence (AI) powered proactive compliance solutions to make risk prevention easy. Lexverify's AI-powered assistant streamlines compliance efforts by using advanced Natural Language Processing (NLP) to prevent a range of legal and compliance risks in real-time, ensuring that electronic communications meet regulatory standards and company policies. The solution covers various compliance areas, including competition, anti-bribery, GDPR, sanctions, etc. Additionally, Lexverify provides ongoing training and development support to employees, empowering in-house Legal, Risk, and Compliance teams.

The company plans to utilize the March 2024 funding to hire staff for business expansion and develop its product and platform.

## Funding rounds

- Seed, Dec 19, 2023, $1.2M — Foresight Group, Future Planet Capital Regional, The LegalTech Fund, Raspberry Ventures

## Investors

- Foresight Group (https://capitalatlas.ai/funds/foresight-group) — Seed
- Future Planet Capital Regional (https://capitalatlas.ai/funds/future-planet-capital-regional) — Seed
- The LegalTech Fund (https://capitalatlas.ai/funds/the-legaltech-fund) — Seed
- Raspberry Ventures (https://capitalatlas.ai/funds/raspberry-ventures) — Seed