London-based Eunice, a fintech startup deploying AI agents for audit-ready due diligence, announced on an unspecified recent date that it raised $8 million through seed and pre-seed rounds. The funding included investments from Speedinvest, Moonfire Ventures, and Openspace Ventures. Eunice builds structured frameworks that generate audit-ready reports with full traceability for investment decisions.
Funding Overview
Eunice closed its funding with backing from three venture capital firms and a group of angel investors. The $8 million will support deepening AI capabilities, expanding coverage across private markets, and accelerating commercial growth. Eunice aims to serve as infrastructure for due diligence and disclosure in alternative assets. In parallel, developments such as Eureka Labs Raises $6.7M highlight continued investor interest in AI-driven platforms and infrastructure across the broader technology ecosystem.
Key funding facts:
- Total amount: $8 million.
- Rounds: Seed and pre-seed.
- Lead investors: Speedinvest, Moonfire Ventures, Openspace Ventures.
- Additional backers: Notable angels including Paul Forster, Charles Delingpole, and others.
About the Company
Eunice founded in 2021 in London by Yi Luo, a second-time fintech entrepreneur and former venture capital investor. Philip Lam co-founded Eunice; he previously co-founded AI startup Nex and served as VP of Engineering at GoodNotes, scaling it to over 30 million users.
Eunice addresses manual and inconsistent due diligence processes in finance. Its platform deploys AI agents to deliver structured, audit-ready, asset-level assessments. The system embeds oversight into workflows without replacing human judgment.
Eunice initially focused on digital assets and participated in the UK Financial Conduct Authority’s Regulatory Sandbox, contributing to digital asset disclosure standards. The company now expands to broader alternative assets, targeting pension funds, endowments, and funds of funds facing transparency pressures.
Investors
Speedinvest invested in Eunice as a lead backer. Moonfire Ventures invested in Eunice; Mattias Ljungman, Founder and Managing Partner at Moonfire Ventures, commented on Eunice’s role in vertical AI for regulated markets. Openspace Ventures invested in Eunice.
Angel investors in Eunice include:
- Paul Forster
- Charles Delingpole
- Christian Faes
- Keith Grose
- Nathan McCauley
- Michael Li
- Vivian Liu
- Dr. Nakeema Stefflbauer
- Srin Madipalli
- Fredrik Hjelm
- Benjamin Fernandes
- Perry Tam
- Zehan Wang
Market Context
Due diligence remains manual despite evolving financial markets. Investment teams evaluate complex opportunities while documenting for regulators and stakeholders. Private markets grow in size and complexity, amplifying risks from weak governance. Alternative assets scale without matching oversight, affecting firms and the financial system. Limited partners and regulators demand insights into capital deployment. Transparency becomes a baseline expectation. Eunice standardizes processes across asset classes, replacing fragmented workflows with auditable systems.
Yi Luo, Founder and CEO of Eunice, stated: “When decision-making in alternative assets is opaque, risk doesn’t disappear – it just becomes invisible until it isn’t. As these markets grow more complex and more visible, institutions need to show not just what they decided, but how. We’re building the infrastructure that makes that process structured, transparent and defensible – without stripping away professional judgement.”
Mattias Ljungman from Moonfire Ventures added: “Eunice represents the next generation of vertical AI startups that redefine how critical work is done in regulated markets. In a world where general-purpose AI is moving into verticals, advantage comes from systems that embed regulatory logic, accountability and domain workflow. Eunice is codifying how regulated institutions operate. That depth of integration, combined with strong early traction and deep domain expertise, positions it to lead the market.”
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