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Based in London, Clausematch provides an AI-based compliance platform that enables financial institutions to manage regulatory changes, policy documents, and compliance workflows. Originally focused on legal contract tools, the company pivoted to a software-as-a-service model in 2016 to streamline document updates and audit trails for banks, fintechs, and insurance providers. The platform experienced significant adoption across the broader financial services sector, rapidly growing its active user base from 2,200 in 2019 to 180,000 by 2021. Clausematch has secured capital from institutional investors including Index Ventures, Speedinvest, and Sony Innovation Fund, highlighted by a $10.8 million strategic funding round in 2022. Its enterprise software is utilized by major financial institutions such as BlackRock and Barclays to maintain strict regulatory alignment. The compliance software company was originally founded in August 2012 by Evgeny Likhoded and Andrey Dokuchaev.
Clausematch has raised $32.3M across 5 funding rounds.
Clausematch has raised $32.3M in total across 5 funding rounds.
Clausematch has raised $32.3M in total across 5 funding rounds.
Clausematch's investors include Steve Berg, Donatella Callegaris, Sony, Lytical Ventures, Soma Capital, Silicon Valley Bank, Index Ventures, 500 Global, Andreessen Horowitz, Angelic Ventures, Bond, CapitalG.
# High-Level Overview
ClauseMatch is a regulatory technology (RegTech) software-as-a-service platform that automates compliance and policy management for heavily regulated organizations, particularly financial institutions.[1][3] The company helps compliance departments manage the ever-increasing volume of regulations and market changes by providing a centralized system to host, manage, and disseminate compliance documents across entire organizations.[3] This addresses a critical pain point: compliance teams must operate with agility while regulators now hold Chief Compliance Officers personally accountable for failures, which can result in significant fines, reputational damage, or criminal liability.[3]
ClauseMatch serves a broad range of regulated organizations, from startups to large financial institutions, enabling them to stay compliant and bring products to market safely.[3][6] The company has demonstrated strong growth momentum, expanding from a small three-person team in London to a global workforce with offices worldwide, and recently achieved significant expansion into the US market by signing four large financial institutions across the US and Canada within a single year.[2]
ClauseMatch was founded in 2012 as a small team of three developers with an initial focus on helping legal departments with contracts and contract negotiations.[2] The company's direction shifted when leadership realized their platform was particularly well-suited for compliance departments and their document management needs, as well as the processes companies undertake when updating compliance documents.[2]
According to CEO Evgeny Likhoded, one of the company's first major achievements was signing its initial client, which validated the business model and set the foundation for future growth.[2] Over the past decade, the company evolved from a lean development team into a more diversified organization, with nearly 40% of its workforce now dedicated to technology and product development, including a data science team that collaborates with both clients and regulators.[2]
ClauseMatch operates at the intersection of two powerful trends: the exponential growth of regulatory complexity and the digital transformation of compliance functions. Financial institutions and regulated organizations face an unprecedented volume of regulatory changes, while simultaneously operating under pressure to "do more with less."[3] The company's timing is advantageous because regulators are increasingly holding individual executives personally accountable for compliance failures, creating urgent demand for robust compliance infrastructure.
The RegTech sector itself has matured significantly since ClauseMatch's founding in 2012, when the industry was "very young and green."[2] ClauseMatch has helped pioneer this space and now competes as an established player recognized with awards including RegTech of the Year 2022 by the US FinTech Awards.[5] By automating compliance workflows and providing data-driven insights, the company influences how the financial services industry approaches regulatory risk management at scale.
ClauseMatch is well-positioned to capitalize on the structural forces driving RegTech adoption: increasing regulatory complexity, rising compliance costs, and heightened personal accountability for executives. The company's expansion into North America signals confidence in its product-market fit and suggests ambitions to become a truly global compliance platform.
The key challenge ahead will be maintaining competitive advantage in a crowded RegTech space where product-market fit is a "moving target" due to constant regulatory change.[4] ClauseMatch's strength lies in its ability to balance flexibility with product integrity while working closely with regulators—a differentiation that could prove decisive as compliance automation becomes table stakes for financial institutions worldwide.
Clausematch has raised $32.3M across 5 funding rounds. Most recently, it raised $10.8M Series B in June 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 14, 2022 | $10.8M Series B | Steve Berg | Donatella Callegaris, Sony |
| Oct 1, 2021 | $12.0M Series B | Lytical Ventures, Soma Capital | |
| May 28, 2019 | $2.5M Debt | Silicon Valley Bank | |
| Apr 1, 2018 | $5.0M Series A | Index Ventures | 500 Global, Andreessen Horowitz, Angelic Ventures, Bond, CapitalG, Global Founders Capital, Innovation Endeavors, Koch Fund, Next47, Partech Ventures, Principia Growth Equity, Sapphire Ventures, SciFi VC, Trajectory Ventures, Triangle Peak Partners, Tribeca Venture Partners, Valar Ventures, Vendep Capital, YOBE Ventures, Zinc, Errol Damelin, Richard Branson, Robin Klein, Roger Ehrenberg, Cris Conde, Thomas Glocer, Speedinvest, Vasile Foca |
| Jun 1, 2017 | $2.0M Seed | Oliver Holle | 500 Global, Angelic Ventures, Bond, CapitalG, Global Founders Capital, Innovation Endeavors, Next47, Partech Ventures, Principia Growth Equity, Trajectory Ventures, Triangle Peak Partners, Tribeca Venture Partners, Vendep Capital, Cris Conde, Thomas Glocer |
