🏆 Deal of the Week · CW 42/2021
Rossum raised USD 100 million in a Series A round; the company's valuation was not disclosed. The round drew participation from a syndicate led by General Catalyst alongside several prominent European and global investors. The deal was recognised as Venionaire DealMatrix Deal of the Week for KW 42/2021.
Rossum — key deal facts
| Company | Rossum |
| Founded | 2016 |
| Headquarters | London, United Kingdom |
| Amount raised | USD 100M |
| Valuation | Valuation Remains Undisclosed |
| Round | Series A |
| Investors | General Catalyst LocalGlobe Miton Seedcamp Elad Gil (https://www.crunchbase.com/person/elad-gil) |
| Sectors | AI |
Who invested in Rossum?
The round included General Catalyst, LocalGlobe, Miton, Seedcamp, and angel investor Elad Gil. The mix is notable for combining a major US growth-equity firm (General Catalyst) with specialist European early-stage funds (LocalGlobe, Seedcamp) and an experienced Silicon Valley operator-angel (Elad Gil), reflecting cross-Atlantic conviction in Rossum's enterprise AI thesis.
What does Rossum do?
Rossum is an AI company founded in 2016 and headquartered in London, United Kingdom. It specialises in intelligent document processing, automating transactional workflows for over 450 global organisations through its cloud-native platform. Its flagship AI product, Rossum Aurora, is built on a proprietary Transactional Large Language Model designed for high-accuracy data extraction. The platform delivers end-to-end automation from email ingestion to document approvals, with turnkey integrations for SAP, NetSuite, Coupa, and Workday.
Rossum valuation & multiples
No verified revenue or EBITDA figures are publicly available for this transaction, and Rossum's valuation was not disclosed, precluding a reliable EV/Sales or EV/EBITDA calculation at this time. As comparable benchmarks become available, deal-level multiples will be updated accordingly. For current EV/Sales and EV/EBITDA reference ranges across the AI and enterprise software sectors, visit the relevant sector multiples pages on DealMatrix.
Explore the benchmarks: Series A.
Frequently asked questions
How much did Rossum raise in its Series A?
Rossum raised USD 100 million in its Series A round, announced in KW 42/2021.
What is Rossum's valuation?
Rossum's valuation was not disclosed in connection with this Series A financing.
Who invested in Rossum?
The Series A investors include General Catalyst, LocalGlobe, Miton, Seedcamp, and Elad Gil.
When was Rossum founded and where is it based?
Rossum was founded in 2016 and is headquartered in London, United Kingdom.
Source: original announcement — read the full report.