• Founded and led by Kritin Sundaram, the lead investigator on one of the biggest fraud cases in modern history and having conducted hundreds of high-profile investigations into alleged improper conduct, Augmetec has truly been built by investigators, for investigators.
• The round is led by UK-based early-stage venture capital fund Fuel Ventures, with participation from Swiss fund 14Peaks Capital, and a trio of high-profile angel investors. 
• Headquartered in London, with its team split across the UK, Germany, Portugal, and the US, Augmetec’s founding team and strong industry-focused advisory board has more than 100 years of combined expertise in law, technology, and compliance.
• Augmetec’s end-to-end SaaS platform, LEIAA, is designed to eliminate inefficiencies for organisations when conducting internal ethics, compliance, and regulatory investigations, leveraging advanced AI and automation to optimise time and cost and to increase investigative precision. 

London, UK, 18 February 2025 – Augmetec, the legal tech startup founded and led by Kritin Sundaram, today announces that it has raised over £2m in seed funding to turbo charge its growth. The round is led by UK-based early-stage investors Fuel Ventures, with participation from Swiss fund 14Peaks Capital, and three industry angel investors, including a retired Senior Partner at Kirkland & Ellis, the family office of NetDocuments’ original founding team, and the Head of Fraud at Rajah & Tann Singapore.

Historically, ethics and compliance investigations are slow, expensive, and often inconsistent. With increased global enforcement action for regulatory non-compliance, particularly for  regulations with extraterritorial reach, such as the UK Bribery Act and the US Foreign Corrupt Practices Act (reflected in penalties levied of over $375bn since the 2007-2008 financial crisis), combined with the introduction of new whistleblower regulations, and a growing corporate ‘speak up’ culture, the number of international and regulatory investigations is set to rise exponentially. This increased scrutiny and extra requirements not only cost corporations significant time and money, but also place a great strain on valuable resources.

This is where Augmetec comes in. The company’s platform – LEIAA: Your Investigations Command Centre – is built by investigators, for investigators, and empowers organisations to standardise processes and investigative workflows, maintain trust, and increase transparency and auditability. 

LEIAA’s user-friendly interface provides the necessary tools to manage and conduct entire end-to-end investigations, from inception to reporting, data analysis to witness interviews, and everything in between. It enables multinational corporations, top law firms, global financial services organisations, NGOs, and governments, to eliminate inefficiencies by leveraging these AI and automation-focused tools. This means they can make data-driven decisions, optimise cost, alleviate the strain on valuable resources, and increase precision. With ISO27001 and SOC II security certifications, relevant integrations, and technology partner relationships with a host of enterprise platforms including the likes of Relativity, iManage and NetDocuments, LEIAA provides a secure, defensible, single source of truth. 

Augmetec will use the fresh injection of capital to continue growing its client base, to fund its product development and to level up its offering on a global scale. The company has structured plans to expand its team by hiring key personnel in engineering, compliance, operations, and sales. Augmetec also aims to strengthen its international enterprise partnerships and invest in developing new features and enhancements for the LEIAA platform. 

Kritin Sundaram, Co-Founder and CEO at Augmetec, said: “Augmetec has been built on decades of experience in conducting hundreds of high-profile investigations into alleged improper conduct. Our fantastic team has deep industry expertise to create specific solutions to solve precise, real-world problems. This is the backbone of LEIAA’s offering, which has been directly experienced and loved by customers worldwide. Our vision is to ease the overwhelming burden placed on the shoulders of investigative teams handling numerous, often complex, and multi-faceted investigations, which frequently involve multiple stakeholders across jurisdictions. With the growing number of global investigations, we believe we have built Augmetec at the perfect time to meet this ever-evolving need given the wider international regulatory landscape.”

Oliver Hammond, Partner at Fuel Ventures, said: “We’re so excited to be working with Augmetec. We’ve seen internal investigations within corporations increase significantly as regulation grows and levels of improper conduct increase. As such, corporations are being required to investigate thoroughly and fairly. Progress in AI and automation means we think the time is now to automate and maximise the efficiency to a significant degree in that process, allowing corporations to come to conclusions quicker and more accurately. We think Augmetec is going to revolutionise this industry.”

Emanuele Larocca, Principal at 14Peaks Capital, said: “LEIAA by Augmetec is uniquely positioned to truly automate regulatory investigation workflows. The team’s intimate understanding of investigative processes has been distilled into a fit-for-purpose software solution, leveraging a unified data architecture to consolidate siloed tasks into a cohesive, transparent, and secure platform. 

We are convinced that both enterprise and law firms worldwide will resonate with this proposition, finding in Augmetec the ideal partner to navigate to the ever-evolving global regulatory landscape.”

About Augmetec

Augmetec is a legal tech company transforming the future of internal and regulatory investigations. Founded by experts in law, technology, innovation and compliance, we bring over 100 years of combined industry expertise to solve a decades-long problem of inefficiency in ethics, compliance, and regulatory investigations.

Our flagship platform – LEIAA: Your Investigations Command Centre – revolutionises how organisations conduct internal and regulatory investigations through advanced AI and automation.

About Fuel Ventures

Fuel Ventures is a leading UK venture capital fund specialising in early-stage high growth technology startup investments with disruptive and ambitious founders who strive to build global multi-billion-dollar businesses. Fuel provides entrepreneurs with expertise and insights in business development, marketing, and brand-building through its experience of building, scaling, and exiting global companies. 

Since its inception in 2014, Fuel Ventures has invested over £215 million into more than 180 UK companies. One of the first investors in companies such as Volt (valued at £256m and one of the fastest growing fintechs in Europe), ContentCal (which was acquired for £110m by Adobe ($198bn market cap), and Capdesk, which was acquired for $88m by Carta. 

About 14Peaks Capital

14Peaks Capital is an early-stage venture capital firm investing in B2B SaaS companies across Europe and US, partnering with ambitious founders building the next generation of transformative software solutions in Fintech, Data & Analytics, HR Tech, and Productivity. 14Peaks Capital initially backs companies from Pre-seed to Series A and provides ongoing support throughout their growth journey via capital, hands-on operational involvement, strategic guidance, and access to an extensive network of industry leaders and partners.