Eunice raises £6M seed led by Moonfire and Speedinvest to build due diligence infrastructure for alternative assets
March 25, 2026
Eunice, a London-based startup building due diligence infrastructure for regulated markets, has raised $8M (£6M) in combined seed and pre-seed funding led by Moonfire Ventures and Speedinvest, with participation from Openspace Ventures.
Due diligence in alternative assets is still done manually — fragmented spreadsheets, inconsistent frameworks, narrative memos that capture conclusions but not the reasoning behind them. As pension funds, endowments and funds of funds face mounting pressure from LPs and regulators to professionalise governance and documentation, that gap is starting to bite. The same problem shows up acutely in digital assets, where compliance expectations have intensified faster than tooling has caught up.
Eunice replaces those workflows with auditable infrastructure that standardises how complex investment decisions are assessed, documented and defended. The platform deploys AI agents to produce structured, asset-level assessments while keeping human judgement embedded in the process — the pitch is that institutions can show not only what they decided but how. Founded in 2021 by Yi Luo, previously Founding CSO at fintech FreeUp, the company added Philip Lam as co-founder and CTO last year; Lam was previously co-founder of AI startup Nex and VP of Engineering at GoodNotes, where he helped scale the product to over 30 million users worldwide.
The company already counts Coinbase, Crypto.com, Copper and Zodia Custody among its customers, and contributed to digital asset disclosure template development through the UK Financial Conduct Authority's Regulatory Sandbox. With the new round, Eunice is extending the same infrastructure beyond digital assets into broader private markets — a category projected to exceed $30 trillion by the early 2030s.
The round also drew a notable angel syndicate including Charles Delingpole (ComplyAdvantage), Christian Faes (LendInvest), Paul Forster, Nathan McCauley (Anchorage Digital), Keith Grose and Michael Li (Coinbase), Vivian Liu (Fidelity International), Srin Madipalli (Accomable, acquired by Airbnb), Fredrik Hjelm (Voi), Benjamin Fernandes (NALA), Perry Tam (Locus Ventures, Storm8) and Zehan Wang. Mattias Ljungman, Founder and Managing Partner at Moonfire, framed Eunice as an example of vertical AI moving into regulated workflows where domain logic and accountability matter as much as model performance. The capital will go toward deepening Eunice's agent capabilities, expanding coverage across private markets and scaling commercial operations.
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