“Detected” secures £2.5 million in a fundraising round with Thomson Reuters Ventures as an investor

“Detected” secures £2.5 million in a fundraising round with Thomson Reuters Ventures as an investor #

Detected is a London-based startup founded in 2020, that makes the onboarding process frictionless and automated. Via the innovative technological solutions, the fintech startup is able to create accurate and detailed profiles of any business. Some believe that Detected is the innovative solution capable of disrupting the Know-Your-Business process.

Recently, Detected got on the news for gaining the support of Thomson Reuters Ventures and £2.5 million in a fundraising round in an ongoing seed round. Among other investors of the startup are Love Ventures, Maropost Ventures, Emergevest, and angel investors Huw Slater, COO of TravelPerk, Stephen Garland, former Chief Technology and Product Officer of TrustPilot, and Chairman Rob Barnett, former Chief Operations Officer at RBS.

They led the startup to a total funding amount of £6 million and Detected is now believed to be an absolute leader in the KYB space.

Commenting on the occasion, the Founder and CEO of Detected, Liam Chennels, said:

“We have put ourselves in a very strong position to deliver on our ambitious 2023 objectives. I am grateful for the support of our new and existing investors, and we will now continue to show them that they have made a brilliant choice.” #

Now, Detected is planning to capitalise on the US growth and continue to drive product innovation with the same success. The funding also will be used in an effort of team expansion. The startup already shows some incredible results in attracting new talents as Rebecca Duckworth, ex-Fiserv and Intuit commercial leader, joins as CRO and Mike Anslie, ex-Word Check finance and operations leader, joins as CFO.

Investors have grand expectations from Detected. Meanwhile, Liam Chennels promises the investors that they “will continue to show them that they’ve made a brilliant choice” as Tamara Steffens, Managing Director at Thomson Reuters Ventures claims excitement about the Detected investment since it complements their KYB strategy. She says that the Detected technology “is bringing much needed automation” to the market.

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