What is Lucinity?
Headquartered in Iceland, Lucinity is at the forefront of developing sophisticated financial fraud detection solutions tailored for financial institutions. The company's technology aims to provide robust protection against a wide array of financial crimes, enabling firms to safeguard their assets and maintain customer trust. By leveraging cutting-edge analytics and machine learning, Lucinity empowers its clients to proactively identify and mitigate fraudulent activities, thereby enhancing operational security and compliance.
How much funding has Lucinity raised?
Lucinity has raised a total of $23.1M across 2 funding rounds:
Series A
$6.1M
Series B
$17M
Series A (2020): $6.1M with participation from byFounders and Karma Ventures
Series B (2022): $17M led by Keen Venture Partners, Crowberry Capital, and Experian
Key Investors in Lucinity
Experian
Experian PLC is a global information services company specializing in credit reporting, data analytics, and financial solutions. Operating in over 40 countries, Experian offers credit monitoring, identity protection, and fraud prevention solutions across multiple industries including banking and financial services.
Keen Venture Partners
Keen is a venture capital firm focused on supporting exceptional teams in Europe, particularly in the technology and defence sectors. They invest in innovative software solutions aimed at enhancing productivity and security.
Karma Ventures
Karma Ventures is a European VC firm that invests in late seed and Series A deep-tech software startups, providing both funding and operational expertise to founders. The firm focuses on companies that create innovative technologies and have demonstrated initial commercial traction.
What's next for Lucinity?
The substantial enterprise-level funding and recent strategic investment signal a pivotal growth phase for Lucinity. This capital infusion is expected to accelerate product development, expand market reach, and bolster the company's operational capabilities. With a clear focus on scaling its innovative fraud detection platform, Lucinity is poised to strengthen its position as a key player in the global fight against financial crime, further solidifying its trajectory in the fintech landscape.
See full Lucinity company page
