Lakestar, Dawn Capital co-lead $37m series-B for Eigen

Lakestar is currently investing from its Lakestar Growth I fund, which held a first close on €250m in December 2018. The vehicle can invest up to €100m per funding round.

Dawn Capital is currently investing from its third-generation fund, which closed on £165m in April 2018. The fund typically provides equity cheques of £5m.

Existing investors Temasek and Goldman Sachs Growth Equity also participated in the funding round.

The fresh capital will be used to further accelerate growth in the company's technical and commercial teams, and to grow its management team in New York. Eigen also plans to expand further into the financial services industry and address use cases for other sectors.

Previous funding
In July 2018, Temasek and Goldman Sachs Growth Equity invested £13m in a series-A.

Company
Founded in 2014, Eigen develops natural language processing technology. Its platform allows clients to automate the conversion of unstructured qualitative data from documents and other text sources. Headquartered in London, the company employs 106 people, according to LinkedIn.

People
Lakestar – Stephen Nundy (partner, chief technology officer).
Dawn Capital – Mina Mutafchieva (principal).
Eigen Technologies – Lewis Liu (CEO).

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