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Karavel, the AI-driven compliance platform that streamlines regulatory monitoring, ad reviews and compliance workflows for highly-regulated industries, has secured £1.25m in a pre-seed funding round led by leading UK venture capital Fuel Ventures.
Karavel empowers legal, compliance and marketing teams across financial services, fintech, insurance, healthcare, consumer credit and other highly regulated sectors. Its unified platform replaces slow, fragmented review processes with an intelligent, AI-driven workflow that enables organisations to move at modern pace while ensuring they meet stringent regulatory and advertising standards.
It comes at a time when across the industry, the demands on compliance teams have intensified. Regulatory frameworks are expanding, expectations are rising and fines for non-compliance continue to grow. Yet many organisations still rely on fragmented, manual methods to track rule changes, interpret requirements and approve materials, creating bottlenecks across teams and increasing reliance on costly external legal support.
Karavel is on a mission to change this. Co-founders Pedro Sousa and Nav Garcha bring a wealth of extensive experience in compliance and software engineering across companies including Revolut, Deliveroo, CNN and Clearscore. Karavel was born from their personal frustration and first-hand experiences with fragmented and manual compliance systems. Seeing teams overwhelmed by regulatory change, struggling to identify compliance gaps early and lacking a central system to coordinate efforts, they created Karavel to bring precision, structure and intelligence to the entire regulatory lifecycle.
The platform combines automated ad reviews, real-time horizon scanning, regulatory gap analysis and clear, actionable guidance within one intuitive interface. Its AI analyses regulatory updates as they occur, flags relevant changes, extracts requirements and offers recommendations that enable teams to respond immediately.
The impact is already tangible. Karavel’s AdCheck technology enables financial promotion reviews to be completed three times faster while achieving a 91% first-pass approval rate. Its horizon scanning tools replace bi-weekly manual reports with daily, automated alerts, delivering efficiency gains of up to fourteen times and reducing external legal spend by as much as 73% in the first year.
This new capital will be used to accelerate product development and support the company’s mission to modernise compliance workflows for organisations operating under increasingly complex regulatory scrutiny.
