Eunice Raises $8M to Bring Auditable AI Due Diligence to Crypto and Private Markets
The London startup's funding round and FCA sandbox participation reflect growing institutional demand for defensible, documented decision-making as alternative assets face tighter oversight.
Eunice AITL;DR:
- Eunice raised $8M to build AI tools that help institutions document and defend investment decisions in crypto and private markets.
- The company is working with the UK's FCA through its regulatory sandbox to develop disclosure standards.
- Investors include both crypto-native players (Coinbase, Anchorage Digital executives) and traditional finance names (Fidelity International).
- The funds will go toward expanding AI agent capabilities and moving beyond digital assets into broader private markets.
- The round signals that compliance tooling is becoming a real category as alternative assets grow toward $30 trillion.
London Startup Tackles the "How Did You Decide?" Problem
Eunice, a London-based company building AI tools for investment due diligence, has raised $8 million in a combined pre-seed and seed round. The startup focuses on a specific pain point: when institutions invest in alternative assets, they need to show their work. Regulators want documentation. LPs want transparency. And lean investment teams evaluating complex deals often struggle to create audit trails that hold up to scrutiny.
Eunice's platform uses AI agents to standardize how investment decisions get assessed, documented, and defended. The goal isn't to replace human judgment but to make it defensible—turning fragmented manual processes into structured frameworks with clear oversight.
Founder Yi Luo previously served as founding CSO at FreeUp (acquired in 2019) and worked as a VC investor. The company started in digital assets, where regulatory scrutiny has made audit-ready assessments essential, and now counts Coinbase, Crypto.com, Copper, and Zerohash as clients. Eunice also works with the UK Financial Conduct Authority through its Regulatory Sandbox, helping shape disclosure standards.
"When decision-making in alternative assets is opaque, risk doesn't disappear—it becomes invisible until it surfaces," Luo said. "We're building infrastructure that enables institutions to show not only what decisions were made, but how they were reached."
The funding comes as alternative assets are projected to exceed $30 trillion by the early 2030s, with LPs and regulators pushing harder for transparency.
| Fact | Details | |------|---------| | Project | Eunice AI | | Sector / Category | AI infrastructure for due diligence in digital assets and alternative markets | | Funding Round | Combined pre-seed and seed | | Amount Raised | $8 million (equivalent to £6 million) | | Valuation | Undisclosed | | Lead Investors | Moonfire Ventures and Speedinvest | | Notable Participants | Openspace Ventures, Paul Forster (co-founder, Indeed.com), Charles Delingpole (founder & executive chairman, ComplyAdvantage), Christian Faes (co-founder & executive chairman, LendInvest), Keith Grose (UK CEO, Coinbase), Nathan McCauley (co-founder & CEO, Anchorage Digital), Michael Li (former VP of Data, Coinbase), Vivian Liu (portfolio manager, Fidelity International), and others including Dr. Nakeema Stefflbauer, Srin Madipalli, Fredrik Hjelm, Benjamin Fernandes, Perry Tam, Zehan Wang | | Key Clients | Coinbase, Crypto.com, Copper, Zerohash, Zodia Custody | | Disclosure Gaps | No valuation or token-related details disclosed; focus is on enterprise AI applications |
Where the Money Goes
Eunice plans to use the capital to improve its AI agent capabilities, expand coverage into private markets beyond crypto, and grow its commercial team. The timing makes sense: digital assets are maturing under new regulatory regimes, and institutions increasingly need consistent, documented decision processes.
CTO Philip Lam previously co-founded Series B AI startup Nex and helped scale GoodNotes to over 30 million users.
The investor list is worth noting for what it says about who's betting on compliance tooling:
- Moonfire Ventures and Speedinvest led the round, bringing experience backing vertical AI companies in regulated industries.
- Openspace Ventures added institutional backing.
- Several angels have direct crypto and fintech experience: Keith Grose from Coinbase, Nathan McCauley from Anchorage Digital.
- Paul Forster (Indeed.com co-founder) and Charles Delingpole (ComplyAdvantage founder) bring perspectives from adjacent industries.
- Vivian Liu from Fidelity International represents traditional asset management.
This mix of crypto-native and TradFi investors suggests Eunice's approach appeals across both worlds. The announcement on March 25, 2026, arrives as AI applications in Web3 compliance are gaining traction, with Eunice's FCA involvement giving it a role in shaping emerging standards.
Recent blowups have reminded everyone what happens when governance doesn't keep pace with asset growth. For pension funds, endowments, and funds of funds looking at alternatives, tools that create audit trails are becoming harder to ignore.
Bottom line: Institutions are putting real money behind AI tools that make compliance documentation less painful. Eunice's raise suggests this is becoming a real category.