24 Apr 2023

YFM Equity Partners invests in AI firm Xapien

Xapien, the deep tech platform transforming how organisations understand who they’re doing business with, has closed a £4.5 million funding round led by YFM Equity Partners and backed by D2 Fund, concluding total seed funding of £6 million.

A team at PKF Francis Clark, comprising Sam Phillips, Chris Rodgers, Tom Slade and Callum West, supported YFM on the investment by carrying out financial and tax due diligence.

Described as ‘the ChatGPT of due diligence’, Xapien uses artificial intelligence to deliver an executive-level report on any person or organisation, anywhere in the world in minutes. The company’s rapid growth since its commercial launch in January 2022 underpinned the competitive round led by YFM Equity Partners and backed by D2 Fund alongside existing investors. The proceeds will be used to accelerate product development and go-to-market, expand into new verticals and extend their US footprint.

The PKF team maintained a dedicated approach throughout and provided insightful advice in a timely manner.

David Wrench, partner at YFM, said: “Xapien has demonstrated impressive growth over the past 12 months. The high calibre management team has a well-defined vision and plan to grow the business further. They have built technology that is providing demonstrable ROI to its customers. What today takes days when produced manually can be done in minutes through Xapien.”

He added: “It was a pleasure to be able to work with Sam, Tom and the team at PKF Francis Clark on our investment into Xapien. They did a great job in identifying the key issues and focussing on these, working alongside the deal team in a really collaborative manner. As usual, the PKF team maintained a dedicated approach throughout and provided insightful advice in a timely manner. We look forward to working with them again on future transactions.”

Sam Phillips, partner and head of transaction services at PKF Francis Clark, said: “AI is a hot topic at the moment, so it was fascinating to learn more about Xapien’s technology and its potential to transform the world of business while working alongside YFM and the management team on this complex due diligence project. Using our previous experience of conducting due diligence on fast-growing tech businesses, we’re pleased to have supported YFM on another significant investment and look forward to seeing Xapien execute its ambitious growth plans with this fresh backing.”

Read about more of our latest deals.

Latest news

Could your trust face unexpected inheritance tax charges?

28 August 2025

Read
Employees of an international law firm sitting at a large table in a well-lit conference room.

Payrolling benefits in kind changes: How to prepare early for HMRC changes 

27 August 2025

Read

What is business property relief? A summary guide for UK business owners

27 August 2025

Read
Two ladies talking in a zero-waste food shop.

Exit strategy and business succession: what are your options?

26 August 2025

Read
A male and female co-worker sit in an office looking at a computer tablet.

A practical guide to UK corporate tax governance in 2025

25 August 2025

Read

Family business succession planning: What every family business needs to know

22 August 2025

Read

Capital allowances for property investors: What you can and can’t claim in 2025

14 August 2025

Read
Two colleagues deep in thought discussing what they see on a laptop

Understanding HMRC trivial benefits: What employers need to know

13 August 2025

Read
Group of people smiling in office

National Minimum Wage increases and the Alabaster Rule

13 August 2025

Read
A calendar and a laptop are positioned on a desk, with an individual holding a pen in one hand while pointing at the laptop screen with the other.

Simplifying employee benefits: Why PAYE settlement agreements (PSAs) matter

12 August 2025

Read
A team of five in a casual business meeting discussing a serious topic

Time to pay pressure from HMRC

11 August 2025

Read

New business advisory director joins our growing Bristol office

4 August 2025

Read