# WorkFusion

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

- Industry: Software
- Headquarters: New York, US
- Website: www.workfusion.com
- Total disclosed funding: $357M
- Latest round: Series G (Feb 28, 2025)
- Investors on record: 16

## About

Based in the US, WorkFusion, Inc. operates as a technology company specializing in AI-driven solutions for financial crime compliance, primarily enhancing Anti-Money Laundering (AML) processes for organizations.Founded in 2010 and headquartered in New York, US, WorkFusion, Inc. provides advanced compliance solutions focused on financial crime prevention. The company was established by Andrew Volkov, Max Yankelevich, and Michael Abramchyk. WorkFusion raised a total of USD 220.00 mn, with its most recent funding round, Series F, occurring on March 9, 2021, led by Georgian Partners. The company has completed a total of 8 funding deals.WorkFusion specializes in delivering advanced AI-driven solutions tailored for financial crime compliance, concentrating on Anti-Money Laundering (AML) processes. Their main products include AI Agents that streamline the tasks of AML compliance teams, encompassing sanctions screening, customer identity verification, adverse media monitoring, and transaction monitoring. By automating these functions, WorkFusion aims to assist organizations in reducing risks linked to financial crimes and enhancing customer service operations. Their solutions are employed by a wide range of clients, including prominent banks and financial institutions across North America, Europe, and the Asia-Pacific region, particularly in areas needing stringent regulatory compliance.WorkFusion generates revenue through a subscription-based model, offering tiered pricing plans for its AI-driven financial crime compliance services. Clients typically enter into annual contracts that cover diverse solutions like sanctions screening and automated customer due diligence. The pricing structures are designed to accommodate the specific requirements of organizations, allowing for tailored compliance solutions. Ongoing partnerships with financial institutions and continuous engagements in high-compliance sectors further bolster WorkFusion's revenue generation.Following the Series F funding round in March 2021, where WorkFusion raised USD 220.00 mn led by Georgian Partners, the company plans to utilize these funds to expand its operations. WorkFusion aims to introduce new products designed for enhanced compliance capabilities, while strategically targeting expansion into emerging markets, although specific regions and release dates have yet to be detailed. Mr. Alex Lyashok will continue in his role as CEO, steering the company's growth initiatives. In September 2025, WorkFusion, Inc. raised USD 45 million in venture funding led by returning investor Georgian, with participation from other returning investors Declaration Partners, Hawk Equity, and NGP Capital. New investors Serengeti Asset Management, SVB Capital, and Teralys Capital, individuals, and other unspecified investors also participated in the round. The company will use the funding to expand operations and improve its technology for detecting financial crimes.

## Funding rounds

- Series G, Feb 28, 2025, $15M — SVB Capital, NGP Capital, Georgian, Teralys Capital, Hawk Equity, Declaration Partners, Serengeti Asset Management
- Series F, Mar 9, 2021, $220M — Georgian
- Series E, Apr 5, 2018, $50M — Inovia Capital, PNC Financial Services Group, NGP Capital, Georgian, GIS Strategic Ventures, Alpha Intelligence Capital, Hawk Equity, Declaration Partners (Duplicate), NYP Ventures
- Series D, Jan 26, 2017, $35M — Mohr Davidow Ventures, Inovia Capital, Greycroft, NGP Capital, Georgian, RTP Global
- Series C, Dec 21, 2015, $14M — Mohr Davidow Ventures, Inovia Capital, Greycroft, NGP Capital, RTP Global
- Series B, Apr 29, 2014, $15M — Mohr Davidow Ventures, Inovia Capital, Greycroft, RTP Global
- Series B, Jul 9, 2013, $5M — Inovia Capital
- Series A, Jun 1, 2011, $2.3M — Greycroft, RTP Global

## Investors

- Greycroft (https://capitalatlas.ai/funds/greycroft) — Series A, Series B, Series C, Series D
- RTP Global (https://capitalatlas.ai/funds/rtp-global) — Series A, Series B, Series C, Series D
- Inovia Capital (https://capitalatlas.ai/funds/inovia-capital) — Series B, Series C, Series D, Series E
- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series B, Series C, Series D
- NGP Capital (https://capitalatlas.ai/funds/ngp-capital) — Series C, Series D, Series E, Series G
- Georgian — Series D, Series E, Series F, Series G
- PNC Financial Services Group — Series E
- GIS Strategic Ventures (https://capitalatlas.ai/funds/gis-strategic-ventures) — Series E
- Alpha Intelligence Capital (https://capitalatlas.ai/funds/alpha-intelligence-capital) — Series E
- Hawk Equity (https://capitalatlas.ai/funds/hawk-equity) — Series E, Series G
- Declaration Partners (Duplicate) — Series E
- NYP Ventures (https://capitalatlas.ai/funds/nyp-ventures) — Series E
- SVB Capital (https://capitalatlas.ai/funds/svb-capital) — Series G
- Teralys Capital (https://capitalatlas.ai/funds/teralys-capital) — Series G
- Declaration Partners (https://capitalatlas.ai/funds/declaration-partners) — Series G
- Serengeti Asset Management (https://capitalatlas.ai/funds/serengeti-asset-management) — Series G