Xelix secures $160 million Series B funding round led by Insight Partners to enhance AI innovation in Accounts Payable.

Jul 21, 2025•5 months ago

Amount Raised

$160 Million

Round Type

series b

LondonArtificial IntelligenceSoftware

Investors

Local GlobePassion CapitalInsight Partners

Description

Xelix, a leading agentic AI software company, has raised $160 million in Series B funding to accelerate development and support organizations in adopting AI for finance operations. The round was led by Insight Partners, with participation from Passion Capital and LocalGlobe. This investment follows a period of significant growth for Xelix, driven by its innovative product and strong customer ROI. CEO Paul Roiter highlighted the funding as a major milestone for the company's mission to revolutionize Accounts Payable.

Company Information

Company

Xelix

Location

London, England, United Kingdom

About

Xelix is a leading agentic AI software company specializing in Accounts Payable (AP). Since 2018, it has pioneered solutions that integrate seamlessly with existing ERP and finance systems to detect payment errors, automate reconciliations, and streamline operations. Trusted by major enterprises, Xelix enables finance teams to reduce risks and drive efficiencies. The platform processes over 115 million invoices annually and audits more than $750 billion in spend.

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