Puma Private Equity has spearheaded an $11 million Series A investment round into Aveni, a Scottish firm developing generative AI solutions for the financial services sector. This significant funding round, which is among the largest in Scotland this year, saw participation from Par Equity, Lloyds Banking Group, and Nationwide. Aveni’s CEO, Joseph Twigg emphasized the need for smaller, specialized AI models to ensure transparency, trust, and accuracy in financial services. The investment underscores Scotland’s growing tech hub status and aims to help Aveni set new standards for AI adoption in financial services. Ben Leslie, Investment Director at Puma, expressed excitement about supporting Aveni’s next growth phase.
Financial Services, Technology, Investment,United Kingdom, Scotland
Puma Private Equity leads £11m investment into Aveni to drive AI revolution in financial services