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Lucinity Raises $17 Million In A Series B Funding Round To Provide Banks With Productivity Tools To Fight Financial Crime

PRIVATEJul 07, 2022

Amount Raised

$17 Million

Round Type

Series B

ReykjavikFinancial ServicesSoftwareMedia And EntertainmentData And Analytics

Description

Lucinity today announced the closing of a $17 million Series B investment round, led by Keen Venture Partners and joined by Experian and its major existing investors, Crowberry Capital, Karma Ventures, and byFounders.

Quick answer

Lucinity raised $17 Million in a Series B round, dated July 7, 2022. Lucinity is based in Reykjavik, Capital Region, Iceland.

How much did Lucinity raise?
Lucinity raised $17 Million in a Series B round on July 7, 2022.
What does Lucinity do?
Lucinity turns legacy AML compliance into a faster, smarter augmented intelligence tool.
Where is Lucinity based and how big is it?
Lucinity is based in Reykjavik, Capital Region, Iceland.
Who are the decision-makers at Lucinity?
Fundz holds 1 contact at Lucinity. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Media And Entertainment around the same time

Companies in the same sectors as Lucinity that raised within 45 days of this round, from Fundz verified event records.

  • Carats & Cake raised $20M on July 20, 2022.
  • FairPlay raised $10M (Series A) on July 19, 2022.
  • Mahalo raised $20M (Funding Round) on July 19, 2022.
  • Pixium Vision raised an undisclosed amount (Funding Round) on July 14, 2022.
  • Sundays raised $100M (Funding Round) on July 12, 2022.
  • Picnic Health raised $60M (Series C) on June 27, 2022.

Who to call at Lucinity, and when

A new round usually means Lucinity is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Lucinity raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Lucinity, from your own LinkedIn network

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Company Information

Company

Lucinity

Location

Reykjavik, Capital Region, Iceland

About

Lucinity turns legacy AML compliance into a faster, smarter augmented intelligence tool. Since 2018, we’ve developed into a global AML provider that combines AI with the expertise of AML teams to enrich compliance within banks, fintech challengers, and payment service providers. We connect technology and purposeful design to help our customers discover money laundering faster and smarter while understanding their customers and implementing streamlined compliance.

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Fundz sees it the moment Lucinity raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Lucinity raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.