London-based Jigsaw has raised $15m (£12m) for its AI-powered business diagram builder in a round led by a backer of French unicorn Mistral AI, Exor Ventures.
Founded in 2019, Jigsaw’s platform visualises complex business deals. The automated technology rapidly generates diagrams including corporate structure charts, organisational charts, data flows and more.
The company claims it can generate business charts as much as 40 times faster than traditional tools like PowerPoint. The London-headquartered startup also has a heavy US presence, with offices in New York, Chicago and Miami.
“We’ve dedicated ourselves to building products that white-collar professionals deeply value for the creation of corporate structure charts, which are used to map out anything from the ownership of a company to the different stages of complex legal and financial transactions,” said co-founder and CEO Stephen Scanlan.
“We plan to expand our multi-product line focused on visualising complex transactions into an end-to-end platform that facilitates the management of corporate structures and governance.”
Scanlan founded the company alongside Travis Leon, a former commodities hedge fund trader at Merrill Lynch.
Joining the investment arm of Exor – part of the Agnelli family business and minority owner of Ferrari – in backing Jigsaw are angels from law firm Linklaters, investment bank Morgan Stanley and private equity firm KKR.
Exor Ventures participated in Mistral’s $113m seed funding round in June 2023, which came just four weeks after the startup launched.
Exor Ventures previously participated in the £51m funding round for event ticket app Dice in August 2023.
The post Mistral backer leads £12m round in UK AI startup Jigsaw appeared first on UKTN.
