Semeris Secures $4.3 Million from Puma VCTs for Tech Expansion

Deal News | Jan 26, 2025 | Puma Capital Group

Semeris Secures $4.3 Million from Puma VCTs for Tech Expansion

Puma Capital Group, through its Venture Capital Trusts (VCTs), has committed $4.3 million to Semeris, a pioneering entity in the realm of legal and financial technology. Semeris, founded in 2020 by industry experts Peter Jasko and Sam Daroczy, aims to revolutionize the analysis of complex legal documents in debt and structured finance markets. The company employs a unique blend of large language models and human expertise to streamline traditional methods, which usually require extensive manual effort to meet compliance needs. This approach not only accelerates document review but also reduces the chance of error while adhering to regulatory standards. Semeris boasts a repository of over one million analyst-verified data points, aiding in risk mitigation and speeding up inquiries and drafting for major clientele, including four of the top five global CLO law firms. The recent funding will help expand Semeris' sales team and scale its platform in response to increasing demand for GenAI solutions.

Sectors

  • Financial Technology (FinTech)
  • Legal Technology (LegalTech)

Geography

  • United Kingdom – Puma Capital Group, the investor, is likely based in the UK given the typical structure of Venture Capital Trusts, which are UK tax-efficient investment vehicles.

Industry

  • Financial Technology (FinTech) – Semeris operates within the FinTech sector, utilizing advanced technology to enhance financial processes specifically around legal documentation in finance.
  • Legal Technology (LegalTech) – The company is classified within LegalTech due to its focus on using technology to analyze complex legal documents efficiently.

Financials

  • $4.3 million – The amount invested by Puma VCTs into Semeris.

Participants

NameRoleTypeDescription
SemerisTarget CompanyCompanyA legal and financial technology specialist providing solutions for analyzing complex legal documents.
Puma Capital GroupInvestorCompanyA private equity firm leading the investment through its Venture Capital Trusts (VCTs).
Peter JaskoCo-founder of SemerisPersonFormer head of JPMorgan's European CLO team, co-founder of Semeris.
Sam DaroczyCo-founder of SemerisPersonCo-founder and former CEO of Verba Technologies, co-founder of Semeris.