2 minute read | November.10.2023
Eilla AI, a London-based developer of a generative AI platform tool for the financial industry has raised $1.5 million in a seed round. The company helps companies optimise their deal workflow without sacrificing privacy.
Orrick advised Eilla AI in the round, which was led by Bulgarian venture capital firm Eleven Ventures with participation from Fuel Ventures.
Eilla AI is a Bulgarian-founded company that developed an AI-powered platform designed to assist with financial research, analysis and document creation while simultaneously anonymising sensitive data.
The platform powers M&A, venture capital and private equity deal workflow by mirroring highest quality industry professionals to automate mundane tasks and support complex decision-making.
Eilla AI's technology revolutionises the M&A advisory and investment landscape by alleviating time constraints imposed by the volume of mundane tasks associated with deal workflows.
Eilla AI's CEO Nikola Lazarov emphasizes that the platform's core mission is to empower financial professionals to focus on strategic thinking rather than tedious tasks. With a commitment to expanding its technical team and product offerings, Eilla AI aims to position itself for substantial growth across M&A, venture capital and private equity markets.
The fresh capital will be allocated to grow the company's roster of software developers and AI engineers, aiming to invest in enhancing products and driving innovation.