Compliance management platform Capnovum has been selected by PwC’s new to join the 10-week scaleup accelerator.
Earlier in the year, PwC launched 13 new programmes which would support 107 ‘high-potential’ scale-ups increase traction across the UK, Germany and China. A total of £250m in funds were raised to help nurture these scaleups, which represent 30 different countries.
The 13 programmes span industries including: commerce, LegalTech, InsurTech, Cyber, SportsTech, Energy, PropTech, retail and logistics, and health.
Capnovum has been admitted into the LegalTech accelerator, helping the RegTech accelerate its growth and gain access to decision makers and industry leaders.
London-based Capnovum is a compliance management platform, giving businesses an up-to-date source of regulations, obligations and regulatory news. Utilising AI technology a company can understand and identify synergies between regulations, assess the footprint of business models and how new regulation updates will impact them.
There are eight companies to make the LegalTech programme. These include AI-powered data insights solution cognitive+, automated KYC/AML due diligence software Audit Xprt, document automation platform ContractMill, document scanning and management startup Lexical Labs, electronic signature scaleup Scrive, legal question-focused search engine LexSnap, and deal management company thedocyard.
Earlier in the year, PwC teamed up with CyLon to release its inaugural cybersecurity accelerator programme. The cohort was made up of 10 startups and includes EverCompliant which leverages cyber intelligence tools for AML, and Semperis, a startup protecting hybrid identity environments.
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