Seedcamp invested in Rossum in 2019.
Seedcamp is a European seed-stage venture capital fund which was launched in London in 2007. Seedcamp has a successful track record of being the earliest backer of a number of leading companies such as Revolut, Wise, Hopin and UiPath. Seedcamp tend to have standard investment and legal terms for the pre-seed round and will follow the terms of lead investors at the seed round. Seedcamp will lead pre-seed investment rounds but will partner with other lead investors for seed rounds. Seedcamp tends to invest £300k in exchange for 6-7% at the pre-seed level and £500k at the seed level.
Founded in 2017 by 3 AI scientists, Rossum is on a mission to finally get rid of manual data entry once and for all. Rossum offers an end-to-end AI document processing solution that combines the leading cognitive data capture platform with a full suite of integration capabilities. Rossum specifically focuses on ease of deployment in real backoffice processes.
Seedcamp found Rossum's technology to be a game changer for businesses and were excited by the team's skills and passion to bring cost and time savings of its AI data-extraction tool to even more businesses.