UKFunding
Xapien raises $56M Series B led by Spectrum Equity for AI due diligence
Xapien, a London-based AI background-check and due diligence company, raised $56 million in Series B funding led by Spectrum Equity, CEO Chris Green told Axios Pro on September 10, 2026. Green said the platform returns third-party risk reports faster than manual teams. Axios reported the United States now accounts for about half of Xapien's revenue after recent expansion.
Announcement (Axios) → · Legal IT Insider
Key points
- Spectrum Equity led the $56 million round, which Axios Pro reported as a Series B; YFM Equity Partners also invested.AxiosLegal IT Insider
- Xapien automates third-party due diligence and background checks on people and companies that were traditionally manual.AxiosLegal IT Insider
- Clients include Greenberg Traurig, ABB, Dow Jones Risk & Compliance and KPMG; 350 clients and partners across 15 countries.Legal IT Insider
- Founded in London in 2018 by Dan Secretan and Shaun O'Mahony; Chris Green joined as CEO in 2022.Legal IT Insider
- Xapien last raised an $8 million Series A in 2024.Legal IT Insider
- The United States already provides half of revenue; funds go to U.S. expansion, including Boston, with leadership relocating.AxiosLegal IT Insider