This startup uses AI to cut admin in PE and VC. Check out the 12-slide pitch deck Eilla AI used to raise $1.5 million.

  • Eilla AI, a startup using generative AI to improve dealmaking efficiency, has raised $1.5 million.
  • The London startup is focused on sectors including M&A, private equity, and venture capital.
  • Check out the 12-slide pitch deck it used to close the round below.

Eilla AI, a company that uses generative AI to improve dealmaking efficiency, has raised $1.5 million in new capital.

The London-based startup, founded last year, aims to reduce the amount of manual data entry and input in the mergers and acquisitions, private equity, and venture capital industries.

To help firms in the space, the startup’s platform generates documentation and provides financial research and analysis.

“The biggest issue we see in the industry is that so much energy and time is spent on repetitive, mundane tasks that can easily be automated, especially at the junior level,” Nikola Lazarov, chief executive officer of Eilla AI, told

“Rather than spending hours manually gathering and analyzing information, something like mapping out a market could be done in a matter of seconds.” Furthermore, the industry is slow to adapt to new technologies, and there are few solutions suitable for M&A, VC, and PE.”

Over 50 advisors and investors, according to the company, have already used it to aggregate and analyze prospective deals.

Eleven Ventures and Fuel Ventures led the funding round, which included personal capital from the fund’s managing partner Mark Pearson.

“Even though there is a lot of excitement around Generative AI, investors are very fearful about it, due to it being so groundbreaking, it’s almost impossible to predict how things will play out in the future,” said Lazarov.

“Regardless of the hype around AI, which led to the emergence of an overwhelming amount of ChatGPT-wrapper type start-ups, we managed to differentiate ourselves in front of the investors, through our innovative AI technology.”

The new funds will be used to expand the company’s team of software developers and AI engineers in order to invest in product improvements and innovations.

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