Transforming Financial Decision-Making: Generative AI Platform Eilla Secures $1.5M in Series Seed Funding

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.

The Company

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.

The Impact

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.

The Team

Shawn Atkinson led the Orrick team that advised Eilla AI, with the assistance of Stephen Tallon, Kristy Hart, Emma Zarb, Melinda Szekeres and Viv Holyoake.

Learn More

Eilla AI LinkedIn post
Tech.EU
Read More Orrick Client Results

Related Lawyers

Shawn Atkinson 合伙人, Mergers and Acquisitions, Technology Companies Group

伦敦

See my bio

D:+44 20 7862 4715
E: [email protected]

Practice:

Technology & Innovation Sector
Mergers and Acquisitions
Technology Companies Group
Fintech

vCard

See full bio

Shawn Atkinson 合伙人

伦敦

In addition to sheer volume of deals, Shawn's incomparable market insight stems from his leadership roles at Orrick, the only global firm focused on technology, and his experience working throughout the UK & Europe, North America and Asia. Shawn leads Orrick's London Corporate practice, its Global Emerging Markets practice and co-leads the Global Fintech team and the Global Technology Companies Practice Group. These complement his practice serving public and private companies in UK multi-jurisdictional and complex corporate transactions, including countless acquisitions and disposals, cross-border mergers, bankruptcy infused asset sales, recapitalisations and reorganisations. He is also a recognised leader in late stage venture transactions and in early stage private equity transactions in Europe and the emerging markets.

Shawn also advises early stage businesses across a number of sectors – including insurtech, Fintech, Crypto, SaaS, EdTech, HRTech, Marketplace and EnergyTech. He assists them from incorporation through to M&A exit, initial public offerings and other growth opportunities. His participation in the private equity and venture capital sector spans his entire career - with time spent in private practice, in-house and advising investors as well as investor-backed businesses-and affords him a deep knowledge and understanding of the industry and client needs and expectations.

Among the leading investment funds he has represented are ABN Amro Ventures, Acton Capital Partners, ABRY Partners, Accel Partners, Apax Partners, Bain Capital, Balderton Capital, Battery Ventures, Beringea, Bessemer Venture Partners, Black Pearls VC, Black Sheep Ventures, BMWi Ventures, Coatue Management, Columbia Capital, CommerzVentures, Evolvence, FTV Capital, Golden Gate Capital, Stepstone Group, Headway Capital Partners, Innova Capital, Kinnevik, KPS Capital Partners, Marlin Equity Partners, Mangrove Capital Partners, M/C Partners, One Peak, Oxx, Pearson Ventures, Piper Private Equity, Piton Capital, Salesforce Ventures, Sprints Capital, Summit Partners, Updata Partners, VNV Global and VEF.

Stephen Tallon 高级律师, Technology Companies Group, Mergers and Acquisitions

伦敦

See my bio

D:+44 20 7862 4814
E: [email protected]

Practice:

Technology Companies Group
Mergers and Acquisitions

vCard

See full bio

Stephen Tallon 高级律师

伦敦

Stephen works with technology companies and the investors that back them. He is particularly interested in advising early-stage and growth companies looking to build exciting new businesses and is focused on providing innovative and pragmatic advice to his clients.

As part of a market-leading team at Orrick, who can provide a full stack of legal services and advice to clients in the technology sector, Stephen focuses on general corporate advice, financing arrangements, secondaries, M&A, corporate reorganisations and private equity transactions. However, he regularly works closely with the rest of the team to cover IP protection, commercial contracts, NDAs, employment issues, incentives, options and tax advice.

Managing transactions in an efficient and productive manner and providing clear and concise advice is at the core of Stephen's approach to work. Recognised as a “Recommended Individual” for Venture Capital in the Legal 500 UK 2023, Stephen actively engages with clients to understand the key issues and concerns in order to provide tailored advice that really adds value. Stephen is driven by being a trusted advisor to his clients, not just another service provider.

Stephen represents notable companies such as Graphcore, Stripe, Butternut Box, Codility, LoopFX and Floww on an ongoing basis for financing and general corporate matters. He has also advised tech industry leaders such as Revolut and Scalapay.

While he has a significant company-side mandate, Stephen also advises many of the key investors in the market including ABN AMRO Ventures, Macquarie, BMW iVentures, Energy Impact Partners, Hitachi Ventures, Salesforce Ventures and Sony Innovation Fund on their respective investments in the UK, Ireland and across Europe.

Stephen is qualified in both England & Wales and Ireland (non-practising), having trained and qualified in a top-tier Irish law firm, and is committed to helping to build the Irish tech ecosystem.

Kristy Hart 律师, Technology & Innovation, Technology Companies Group

伦敦

See my bio

D:+442078624600
E: [email protected]

Practice:

Technology & Innovation
Technology Companies Group

vCard

See full bio

Kristy Hart 律师

伦敦

Kristy has experience working with companies as well as investors and venture capital funds throughout a company's life cycle, including early-stage financings, institutional funding rounds and exits.

In addition to equity financings, Kristy advises clients on other corporate transactions including bridge financings, secondary transactions and cross-border flip transactions.

Emma Zarb 高级律师, Employment Law & Litigation, Employment Advice & Counseling

伦敦

See my bio

D:+442078624600
E: [email protected]

Practice:

Employment Law & Litigation
Employment Advice & Counseling
Discrimination, Harassment & Retaliation
Cross Border Employment Law Issues

vCard

See full bio

Emma Zarb 高级律师

伦敦

Recommended by Legal 500 UK, Emma is described as “a partner in waiting” with “masses of gravitas and great client skills.” Her dedication and hard work are consistently highlighted by clients and peers alike.

Emma has experience in drafting and negotiating employment contracts, consultancy agreements and settlement agreements, as well as staff handbooks and policies. She has extensive experiences in conducting and resolving employment litigation in both the Employment Tribunal, the Employment Appeal Tribunal and the High Court. In addition, she frequently advises a mix of high-growth startups and leading global corporations on high-value corporate transactions. She also advises on compliance issues such as the employment aspects of data protection matters and the drafting of Modern Slavery Act statements.

Emma is part of a “very responsive” team, who are “exceptionally good and very highly respected globally.”

Viv Holyoake UK Corporate Solutions Associate Director, 企业治理, Technology Companies Group

伦敦

See my bio

Practice:

企业治理
Technology Companies Group

vCard

See full bio

Viv Holyoake UK Corporate Solutions Associate Director

伦敦

Viv has extensive experience working for and with corporate, private and public sector clients, entrepreneurs, large banks, investors, law firms and accountancy firms in all aspects of company secretarial practice and corporate law.

She manages a harmonised team that is focused in providing the highest level of service, tailored to meet each client’s requirements.

Related Areas

Markets

United Kingdom