YFM backs Xapien's next stage of growth as part of a $56m Series B. Vikki Harrison Marketing & PR Manager The $56m round will support Xapien's AI-native platform and continued expansion in the US. YFM first backed Xapien in 2023 and has continued to invest as the business has scaled, with annual recurring revenue growing eightfold over that period. This latest round brings significant international growth capital into a UK-founded technology business, supporting Xapien's next stage of expansion while enabling the British Smaller Companies VCTs to maintain a material stake. It also reflects YFM's approach of continuing to back high-performing portfolio companies through successive stages of growth. For twenty years, due diligence has slowed business down. Xapien turns compliance from a business blocker into an enabler of growth. YFM has made a further investment in Xapien, participating in the $56m Series B round led by Spectrum Equity, a growth equity firm with extensive experience in risk and compliance technology. Changing how businesses approach due diligence. Business relationships move quickly, but the processes used to assess the risks behind them have traditionally been manual and time-consuming. Unable to afford the time and money to run comprehensive risk analysis on all their counterparts, organisations reserve real scrutiny for a fraction of their relationships, creating potential blind spots. Xapien's dynamic due diligence platform enables organisations to gain full counterparty risk visibility without compromising on speed or scale. Its AI-native solution reads information from the open web, corporate records, sanctions lists and media across over 250 languages. Proprietary entity resolution technology then resolves individuals and entities against thousands of similarly-named people and companies worldwide, ensuring accurate persona clustering and subject identification. It then analyses the information and produces a clear, fully sourced and auditable report in minutes rather than days. Currently in beta, Xapien Live extends this capability by giving organisations a continuously updated view of counterparty risk, allowing them to move from periodic, point-in-time checks to continuous risk intelligence. Supporting continued growth in the US. The new funding will be used to accelerate Xapien's growth in North America, including expanding its Boston office and team and relocating several members of its senior leadership to the US. Xapien has grown Annual Recurring Revenue by more than 350% over the past 24 months. Today, 350 clients and partners across 15 countries use its technology to support their due diligence processes. "Instead of automating old processes, we're rebuilding them and giving compliance, legal and procurement teams full visibility on every counterparty, all the time," said Chris Green, CEO of Xapien. Xapien is setting a new standard for due diligence. Now YFM Equity Partners is backing the team to take dynamic due diligence to more businesses, in more markets

Xapien secures $56 million to scale dynamic due diligence globally. 6:00 am, PT, September 11, 2026 Business relationships now move faster than the processes built to protect them. Xapien's dynamic approach breaks a decades old compromise between speed and assurance. Growing 350%+ in Annual Recurring Revenue over the last 24 months, Xapien is helping clients eliminate unmonitored third-party risk. BOSTON-(BUSINESS WIRE)-September 11, 2026- Xapien, the AI-native due diligence platform, today announced a $56 million investment round led by Spectrum Equity, a growth equity firm with two decades' experience in risk and compliance technology, including World-Check and Verafin. Existing investor YFM Equity Partners also participated in the round. This growth investment will be used to build out Xapien's U.S. presence, where it already generates 50% of its revenue, expanding its Boston office and relocating the CEO and other leaders. Xapien team photo Business relationships are a key source of ongoing risk, yet budget and time constraints force organizations to reserve due diligence scrutiny for only a fraction of these counterparties, leaving them with significant blind spots. This gap in diligence coverage has consequences, as only 30% of organizations report having the bandwidth to assess even half of their business relationships. Xapien's dynamic due diligence platform enables full counterparty coverage and risk visibility without compromising on speed or scale. The AI-native platform delivers on the promise of automation with compliance-grade results. Xapien reads the open web, corporate records, sanctions lists, and media in any language - resolving against the thousands of similarly-named people and entities - then performs human-grade risk analysis and returns a clear, fully sourced and auditable report in minutes, not days. Xapien clients report 90% of onboarding cases can be fully automated and analyst teams can spend time on higher risk complex cases. Currently in beta, Xapien Live gives companies a persistent view of their counterparty risk, enabling them to transition from static, periodic diligence to continuous risk surveillance. "Third-party due diligence has remained stubbornly manual for twenty years," said Chris Green, CEO of Xapien. "Hence, businesses have had to ration their scrutiny to a subset of relationships with one-off checks at the point of onboarding, leaving them massively exposed. This funding lets Xapien pursue its mission to give compliance, legal, and procurement teams full visibility on every counterparty, all the time, giving organizations the confidence to move at speed." Adam Margolin, Managing Director, Spectrum Equity added "Xapien represents a rare opportunity for Spectrum to back a team with deep domain expertise that has been laser focused on harnessing innovative AI technology to transform and automate enhanced due diligence. Xapien is fast emerging as a new standard for counterparty risk management, and we are excited to support Chris, Dan and Shaun in this next stage of growth." Xapien was founded in 2018 by Dan Secretan and Shaun O'Mahony along with CEO Chris Green who joined in 2022, all three veterans of BAE Systems' financial crime and national security divisions. The Company serves multinational corporations, law firms, private banks, and leading universities and nonprofits, as well as powering automation for leading professional services firms. The company has seen rapid market adoption, with 350 clients and partners in 15 countries now using Xapien to transform their due diligence capabilities. Representative clients include Greenberg Traurig, ABB, Dow Jones Risk & Compliance, and KPMG. Commenting on the role that Xapien has played in modernizing the industry, Joel Lange, EVP & General Manager, Risk and Enterprise Dow Jones said "For too long, compliance teams have had to choose between the depth of their research and the speed at which they need to act. Xapien shows that automation can deliver both, helping organizations conduct rigorous due diligence more efficiently and make faster, smarter risk-based decisions." Built for highly regulated environments, Xapien transforms due diligence workflows and throughput, enabling organizations to scale operations and onboard business partners faster. Xapien's mission is to make its dynamic due diligence the new global standard by which all organizations manage all third-party risk. About Xapien Xapien has established a new standard in enterprise due diligence in today's evolving risk landscape. With unparalleled accuracy and performance, Xapien's AI-native platform provides complete visibility of third-party risk across any business's ecosystem without sacrificing commercial speed. The firm, founded by technology experts with decades of experience in intelligence and financial crime, is trusted by the world's largest companies. Xapien serves 350 clients across multinational corporations, law firms, private banks, and leading universities and nonprofits, as well as powering automation for leading professional services firms. About Spectrum Equity Spectrum Equity is a leading growth equity firm providing capital and strategic support to category-leading software, artificial intelligence, and data businesses. Representative investments in the risk & compliance space include CyberCube, Empyrean Solutions, Ethoca, Netcraft, Origami Risk, Quavo, Verafin and World-Check. For more information, including a complete list of portfolio investments, visit www.spectrumequity.com.

Due diligence software provider Xapien has raised $56 million in a funding round led by Spectrum Equity, with participation from existing investor YFM Equity Partners. The UK-based company plans to use the investment to expand its US presence, growing its Boston office and relocating its CEO and other leaders there. The US market currently accounts for 50% of Xapien's revenue. The company provides due diligence software solutions.