A British artificial intelligence company, Jigsaw, is making headlines as it secures millions in Series A funding to support its growth. Founded by former lawyers, Stephen Scanlan and Travis Leon, Jigsaw offers a unique service to clients by helping them map complex corporate transactions through advanced technology.
According to sources, Jigsaw will announce on Tuesday that it has secured $15 million in Series A funding. The round is being led by Exor Ventures, the investment arm of the renowned Agnelli family’s business empire. Exor Ventures has a track record of backing successful tech companies, including Mistral, one of the world’s hottest AI start-ups.
Jigsaw’s services have been praised for their efficiency, with clients being able to create diagrams and images at a much faster pace compared to traditional tools such as PowerPoint. The company’s co-founders, Scanlan and Leon, have a strong background in the technology industry, having previously established XRef, a proofreading software company that was sold for a reported $10 million.
Jigsaw’s reputation has attracted the attention of angel investors from leading firms such as Linklaters, Morgan Stanley, and KKR, who also participated in the fundraising. The company’s clients include big four accountancy firms and major global law firms such as Ashurst and Goodwin Procter. With nearly 150 employees, Jigsaw has offices in cities like London, Barcelona, and Chicago.
In a statement, Mr. Scanlan expressed his excitement for Jigsaw’s future plans, saying, “We’ve dedicated ourselves to building products that are highly valued by white-collar professionals for creating corporate structure charts. These charts are used to map out various aspects of complex legal and financial transactions. Our goal is to expand our multi-product line and develop an end-to-end platform that facilitates the management of corporate structures and governance.”
The Growth Stage, a company that specializes in working with technology entrepreneurs on fundraising and corporate transactions, played a key role in advising Jigsaw on the funding round. With this latest investment, Jigsaw is poised for significant growth and aims to continue providing valuable services to its clients in the corporate world.
