Jenesys AI, a London, UK-based startup focusing on helping accountants manage client bookkeeping, compliance, and global payments, has raised €1 million in pre-seed funding.
SaaS Investors
The round was led by Twin Path Ventures, with participation from Fuel Ventures, Antler, Hatcher+, and other angel investors.
Twin Path Ventures is a venture capital firm based in London, United Kingdom. The firm prefers investing in seed-stage deep tech funds
Jensys AI Use of Funds
The funding will be used for engineering, customer success, and expanding global payment compliance.
About Jenesys AI
Founded in November 2022 by Nicolai Thomson and Tosin Dairo, Jenesys AI provides an AI co-pilot called "Jack" to assist accountants in minimizing errors and inconsistencies in transaction reconciliation, compliance, and payments as well as automating the issuing of purchase orders, 3-way reconciliation, and general ledger accounting. Jenesys primarily serves the accounting industry. The startup's platform has garnered a waitlist of over 3,000 clients from a dozen UK accounting practices.
Funding Details
Company: Jenesys HQ LTD.
Raised: €1.0M
Round: Pre-Seed Round
Funding Month: December 2023
Lead Investors: Twin Path Ventures
Additional Investors: Fuel Ventures, Antler, Hatcher+
Company Website: https://jenesys.co/
Software Category: Financial
Source: https://www.eu-startups.com/2023/12/london-based-jenesys-ai-secures-e1-million-pre-seed-to-integrate-generative-ai-to-transactional-accounting/