Source: Semeris
Puma Growth Partners, a leading provider of growth capital to small and medium-sized businesses, has led a $4.3 million investment into legal and financial technology specialist, Semeris. Semeris provides what it calls ‘superhuman powers for legal docs’ by combining large language models with human expertise to analyze complex legal documents in the debt and structured finance markets.
“We’re thrilled to partner with Puma Growth Partners and independent investors as we embark on this exciting next chapter for Semeris,” said Peter Jasko, CEO of Semeris. “Their investment will accelerate our expansion beyond CLOs and ABS/MBS into other asset classes and document types, such as credit agreements in leveraged loans and private credit, equipping finance professionals with AI-powered tools that drastically reduce turnaround times and tackle challenges previously out of reach. With Puma’s support, we’re advancing our mission to revolutionize legal documentation, delivering superhuman powers, unmatched precision, and clarity, while paving the way for smarter, more efficient finance workflows.”
Henri Songeur, Investment Director at Puma Growth Partners, commented:
“This is an incredibly exciting opportunity for us to back an ambitious management team with a deep understanding of their customers’ user journeys and pain points when reviewing complex financial legal documents. Their previous experience leading investment desks in large financial institutions has been key to devising an innovative AI-led solution to address this issue. This is coupled with the experience they have in building, and then exiting, a business successfully. We also validated the product’s value proposition with their impressive client list which includes some of the world’s leading financial institutions who all reviewed Semeris highly.
Semeris now has a great opportunity to scale the business, expand into new asset classes, and offer new, and existing customers, a wider range of products and services. We look forward to supporting Peter, Sam, and the wider Semeris team on delivering this growth.”
Read the full article: https://semeris.com/news/semeris-raises-usd4-3m-to-transform-legal-document-analysis-in-finance-with-ai
