YFM Equity Partners invests in AI firm Xapien

Xapien, the deep tech platform transforming how organisations understand who they’re doing business with, has closed a £4.5 million funding round led by YFM Equity Partners and backed by D2 Fund, concluding total seed funding of £6 million.

A team at PKF Francis Clark, comprising Sam Phillips, Chris Rodgers, Tom Slade and Callum West, supported YFM on the investment by carrying out financial and tax due diligence.

Described as ‘the ChatGPT of due diligence’, Xapien uses artificial intelligence to deliver an executive-level report on any person or organisation, anywhere in the world in minutes. The company’s rapid growth since its commercial launch in January 2022 underpinned the competitive round led by YFM Equity Partners and backed by D2 Fund alongside existing investors. The proceeds will be used to accelerate product development and go-to-market, expand into new verticals and extend their US footprint.

The PKF team maintained a dedicated approach throughout and provided insightful advice in a timely manner.

David Wrench, partner at YFM, said: “Xapien has demonstrated impressive growth over the past 12 months. The high calibre management team has a well-defined vision and plan to grow the business further. They have built technology that is providing demonstrable ROI to its customers. What today takes days when produced manually can be done in minutes through Xapien.”

He added: “It was a pleasure to be able to work with Sam, Tom and the team at PKF Francis Clark on our investment into Xapien. They did a great job in identifying the key issues and focussing on these, working alongside the deal team in a really collaborative manner. As usual, the PKF team maintained a dedicated approach throughout and provided insightful advice in a timely manner. We look forward to working with them again on future transactions.”

Sam Phillips, partner and head of transaction services at PKF Francis Clark, said: “AI is a hot topic at the moment, so it was fascinating to learn more about Xapien’s technology and its potential to transform the world of business while working alongside YFM and the management team on this complex due diligence project. Using our previous experience of conducting due diligence on fast-growing tech businesses, we’re pleased to have supported YFM on another significant investment and look forward to seeing Xapien execute its ambitious growth plans with this fresh backing.”

Read about more of our latest deals.