# Salv Technologies OÜ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/salv-technologies-ou

- Industry: Software
- Headquarters: Tallinn, Estonia
- Website: www.salv.com
- Total disclosed funding: $8.2M
- Latest round: Seed (Jan 26, 2023)
- Investors on record: 6

## About

Based in Estonia, Salv Technologies OÜ develops a financial crime prevention platform that helps institutions detect and combat money laundering and fraud through advanced compliance and monitoring tools.Founded in 2019 in Tallinn, Estonia, Salv Technologies OÜ specializes in anti-money laundering solutions for the financial sector. The company is co-founded by Jeff McClelland and Taavi Tamkivi, who also serves as the CEO. Salv has successfully closed 4 deals, with the most recent funding round taking place on December 14, 2023, raising EUR 3.9 mn.Salv provides a comprehensive financial crime prevention platform designed for financial institutions. Its modular products include risk scoring, monitoring, and intelligence sharing, enabling clients to effectively screen for sanctions and politically exposed persons (PEPs). The platform is utilized by over 100 financial institutions in Europe, enhancing their anti-money laundering strategies and allowing clients to recover more stolen funds.In 2023, Salv Technologies OÜ reported a revenue of EUR 2,375,105.30. The company operates on a subscription-based revenue model, where clients engage through structured agreements to access its suite of compliance tools, including risk scoring and transaction monitoring. However, the company reported an EBITDA of EUR -3,708,144.80 for the same year.Following a successful funding round in December 2023, where Salv Technologies OÜ raised EUR 3.9 mn, the company plans to expand its market reach in the UK. The recent funding will be utilized to enhance product offerings and support its strategic entry into this new geographic region.

## Funding rounds

- Seed, Jan 26, 2023, $4.3M — ff Venture Capital, G+D Ventures
- Seed, Dec 3, 2020, $1.8M — Superangel
- Seed, Dec 3, 2019, $2M — Seedcamp, Passion Capital, Fly Ventures

## Investors

- Seedcamp (https://capitalatlas.ai/funds/seedcamp) — Seed
- Passion Capital — Seed
- Fly Ventures (https://capitalatlas.ai/funds/fly-ventures) — Seed
- Superangel (https://capitalatlas.ai/funds/superangel) — Seed
- ff Venture Capital (https://capitalatlas.ai/funds/ff-venture-capital) — Seed
- G+D Ventures (https://capitalatlas.ai/funds/g-d-ventures) — Seed