Almost $378m was raised in the ten largest RegTech deals in the UK in the first three quarters of 2019, which is equal to more than a third of the total capital raised in the sector in the UK during the period.
Snyk, a London-based cybersecurity and compliance solutions provider, raised $70m from GV, Accel and Boldstart Ventures in a Series C round in September 2019. This is the largest RegTech deal in the UK this year to date and puts the company in a strong position to accelerate its go-to-market strategy, continue to drive massive growth in product adoption and usage, and continue its expansion into new global markets.
ContractPodAi is one of the world’s fastest growing AI-based solution providers for contract management and compliance, serving customers such as EY. The company raised $55m from Insight Partners in July 2019 which will enable the company to significantly scale-up its product development, sales, and customer success teams globally. This Series B round was the second largest RegTech deal in the UK during the first three quarters of the year and the fifth largest in Europe during the same period.
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