FundedIQ
Financial Services

Elucidate: Funding, Investors & Team (Sep 2026)

Elucidate is the only regulated, universal benchmark for the quantification and scoring of financial crime risk.

www.elucidate.co LinkedIn Berlin, Germany 11-50 employees
Compliance Financial Services GovTech Information Technology Risk Management
Total raised
$11.0M
Rounds
2
Latest
Series A
May 2022

Elucidate has raised $11.0M across 2 funding rounds on record, the most recent a Series A of $8.0M announced in May 2022.

That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.

Elucidate Company Profile and Key Stats

Total funding raised
$11.0M
across 2 rounds on record
Funding rounds on record
2
Latest funding round
Series A
$8.0M in May 2022
Employees
11-50
reported band
Headquarters
Berlin, Germany

Latest funding round on record: May 2022.

Elucidate Funding Rounds

Date
Round
Amount
Series A
$8.0M
Seed
$3.0M

Elucidate raised $3.0M in a Seed announced in Mar 2021.

1.2 years later, a Series A of $8.0M was announced in May 2022.

Elucidate Founders and Leadership Team

Name
Role
Contact
Shane Riedel
CEO
Locked

Contact details for the Elucidate team: 1 of 1 has an email address on file.

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Elucidate Funding Compared to Other Financial Services Startups

Segment
Companies
Median round
1,812
$6.5M
8,352
$15M

Elucidate's latest round of $8.0M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.

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Elucidate Funding FAQs

What does Elucidate do?

Elucidate is the only regulated, universal benchmark for the quantification and scoring of financial crime risk.

How much funding has Elucidate raised?

Elucidate has raised $11.0M across 2 rounds on record. The most recent is a Series A of $8.0M announced in May 2022.

When did Elucidate last raise funding?

Elucidate's most recent funding round on record is a Series A of $8.0M, announced in May 2022.

Who is the CEO of Elucidate?

Shane Riedel is listed as CEO at Elucidate.

Where is Elucidate headquartered?

Elucidate is based in Berlin, Germany.

How many employees does Elucidate have?

Elucidate is in the 11-50 employee band.

How does Elucidate's funding compare to other Financial Services startups?

Elucidate's latest round of $8.0M is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.

About FundedIQ's Elucidate Funding Data

FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.

Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for Elucidate is left off this page rather than filled in.

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