London based Fintech Traydstream Limited has raised US $8m as part of a Series A funding round from institutional and private investors.
gunnercooke Corporate Partner Kyri Papantoniou led the legal side of the investment process, which began in summer last year.
Traydstream is a global provider of an AI powered platform to digitalise and automate trade finance document checking and is now live across 4 continents and 17 markets.
Traydstream CEO Sameer Sehgal commented: “The pandemic has caused a high level of disruption in trade finance and highlighted the weaknesses in existing models, which has led to a growing interest in our innovative platform. This latest funding will allow us to expand our infrastructure and people as we go through this exciting period of expansion. We’d like to thank gunnercooke for their invaluable legal advice and support throughout the fundraising process.”
Kyri Papantoniou from gunnercooke added: “We are delighted to help Traydstream raise these funds in a challenging market. We work with fast growing companies and support them very closely in their scale-up plans, notably fundraising from angel investors or private equity and venture capital funds.”
Kyri is a specialist corporate finance and commercial lawyer with a particular focus on M&A, disposals, venture capital and private equity investments and corporate restructuring, with a notably strong interest in the UK’s tech sector. Click here to find out more about his practice.