London-based Desia, an AI-driven platform for investment professionals, has secured $3.3 million (around €3M) in a pre-seed funding round led by Dig Ventures. Other investors, including 2100 Ventures, Exor Ventures, and Octopus Ventures, along with angel investors like Niccolo Maisto (FaceIT founder), Mark Ransford (CVC Senior Advisor), and Massimo della Ragione (former Goldman Sachs partner), also participated in the round.
Desia, co-founded by Raffaele Terrone, CEO and former co-founder of Scalapay, aims to streamline investment processes by addressing the inefficiencies caused by unstructured data. Terrone, who experienced these challenges during his time at Goldman Sachs, says Desia’s AI system would have significantly improved decision-making and productivity in his previous roles.
The company’s other co-founders, CPO Alessandro Amaro and CTO Mehmet Öner Yalçin, were previously involved in developing AI solutions at Advent International to tackle similar data issues in investment teams. Desia’s platform is designed to automate data processing, offering advanced AI applications for financial services.
With a team of 11, including four from Advent International, Desia is set to use the funds to accelerate development and growth. According to Ross Mason, founding partner at Dig Ventures, Desia’s innovative approach to automating data analysis addresses a critical inefficiency in the financial sector, promising significant productivity improvements for finance professionals.
Featured image: Credit: Desia
