ClauseMatch has raised £1.25 million in a seed funding round as it seeks to scale globally.

Austria-based early-stage venture capital fund Speedinvest put the money into regulatory technology firm ClauseMatch, which is based at Level39 in London.

ClauseMatch has developed a SaaS-based smart document management platform.

“We are extremely happy to get this support,” said Evgeny Likhoded, founder and CEO of ClauseMatch.

“Having Speedinvest involved in our business is a really important step forward for us as we continue to advance our product to better meet the demands of financial institutions and scale it globally.”

Oliver Holle, CEO and founder at Speedinvest, commented: “ClauseMatch is one of the exciting RegTech companies which have a great product and a vivid potential to replace the outdated practices by bringing compliance ecosystem to a completely new level of efficiency.

“We are excited to be part of this journey and work together with their excellent team on achieving this vision.”