London-based fintech firm Eunice has secured $8 million in a combined seed and pre-seed funding round to streamline and standardise the notoriously cumbersome process of financial due diligence. The investment was led by Moonfire Ventures and Speedinvest, with participation from Openspace Ventures, and attracted a significant roster of angel investors with deep expertise in fintech, regulation, and scaling technology companies.
Strategic Backing and Expansion Plans
The funding round saw backing from prominent individual investors including Paul Forster, co-founder of Indeed; Charles Delingpole, founder of compliance specialist ComplyAdvantage; and Christian Faes, co-founder of LendInvest. Other angels include senior figures from major crypto firms like Coinbase’s Keith Grose and Michael Li, and Anchorage Digital‘s Nathan McCauley, alongside investors like Vivian Liu of Fidelity International and Benjamin Fernandes, founder of African payments company NALA.
Eunice stated that the fresh capital will be used to deepen its platform’s capabilities, expand its coverage across private markets, and accelerate commercial growth. The company’s stated ambition is to become the default infrastructure layer for due diligence and disclosure within the world of alternative assets.
The Manual Inefficiency Driving Change
The investment targets a fundamental inefficiency in modern finance. Despite rapid market evolution, due diligence remains a largely manual, inconsistent, and time-consuming process. Investment teams are tasked with evaluating increasingly complex opportunities while simultaneously maintaining clear, audit-ready documentation for regulators and stakeholders. Eunice argues that in alternative assets, opaque decision-making and weak disclosure standards erode trust and allow risk to remain invisible until a crisis surfaces.
Founded in 2021 by second-time fintech entrepreneur and former VC investor Yi Luo, the company was born from her firsthand observation of this trust deficit, particularly within emerging asset classes. She is joined by co-founder Philip Lam, formerly VP of Engineering at GoodNotes and co-founder of AI startup Nex.
AI Agents for Audit-Ready Assessments
Eunice’s solution centres on deploying specialised AI agents to bring structure and traceability to the process. These agents conduct asset-level assessments, analysing data, extracting key information, and flagging risks to generate structured, audit-ready reports. The platform is designed not to replace human judgment but to strengthen it, embedding necessary oversight into existing workflows and ensuring every decision is documented, explainable, and defensible.
The company emphasises enterprise-grade security, privacy, and compliance, explicitly stating it does not train its AI models on proprietary user information. Mattias Ljungman, Founder and Managing Partner at lead investor Moonfire Ventures, described Eunice as part of a “next generation of vertical AI startups,” where advantage comes from deeply embedding regulatory logic and domain-specific workflow into the system.
From Digital Assets to Broader Private Markets
Eunice initially focused on the digital assets sector, where regulatory attention and institutional adoption created an urgent need for robust disclosure standards. The company gained early traction working with major players including Coinbase, Crypto.com, Copper, and Zodia Custody. It also contributed to shaping UK disclosure standards through participation in the Financial Conduct Authority’s Regulatory Sandbox.
Building on this foundation, Eunice is now expanding into the wider universe of alternative assets. Its infrastructure is positioned as an answer to the mounting pressure on pension funds, endowments, and funds of funds to improve transparency and governance as private markets grow in size and complexity. Founder Yi Luo summarised the mission: “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.”
