Aveni Secures £11M Investment to Drive AI Revolution in Financial Services

Par portfolio company, Aveni, has secured £11M in one of Scotland's largest Series A investments this year. Led by Puma Private Equity and backed by Par and strategic investors Lloyds Banking Group and Nationwide, in a round that will provide funds to scale and further enhance Aveni's AI solutions for the financial services sector. 

With the development of FinLLM, a financial services-specific language model, Aveni aims set the standard for the transparent, responsible and ethical adoption of Generative AI across UK financial services in partnership with Lloyds and Nationwide. The project team will be based at the Edinburgh Futures Institute.

It’s been a great journey with Aveni to date, and Par is proud to have backed the business since 2022. We are looking forward for what is to come!

https://bit.ly/4fr0gD1