FDJ United Ventures has invested in Prelude, as part of the startup’s $20m Series A funding round as it looks to “build the onboarding and trust layer for the AI age”.
Software development firm Prelude’s funding round was led by 20VC, with Singular, Seedcamp and Deel participating alongside FDJ United Ventures.
Touching on the rationale behind the investment, FDJ United Ventures said was an opportunity to explore cost-savings related to SMS delivery and optimising player authentication and onboarding journeys.
For Prelude, it receives support in accessing and converting large enterprise clients, collaborating on strategic use cases and access to FDJ United’s network and ecosystem.
The $20m will go straight into the platform, the firm said, with continued investment into machine learning models.
Funds will also be used to look up API coverage across Europe and further, as well as deeper telecommunications partnerships with routes to more carriers
Alongside the funding round, the firm announced the launch of two new products, Prelude Auth and Intel API “to take Prelude from a phone verification API to the full trust infrastructure for digital onboarding”.
Prelude Auth “gives product teams full control over the user lifecycle after verification” a statement read, while Intel API “brings carrier-grade intelligence directly into onboarding flows”.
Co-founder Matias Berny said to the investors in a statement: “Thank you for believing that the identity trust layer for the internet is still being written, and that Prelude is the team to write it.”
Prelude was founded in 2023 by Matias Berny and Quentin Le Bras and has raised $27m total in funding.
FDJ United Ventures previously backed the business prior to its Series A.
The VC arm of French lottery and gaming giant FDJ Uunited counts multiple investments across various fields, including ilottery supplier Random State and esports betting provider PandaScore.
The post FDJ United Ventures commits to AI KYC startup’s Series A first appeared on EGR Intel.
Software development firm Prelude raises $20m, led by 20VC and further investment from VCs including Singular and Seedcamp
The post FDJ United Ventures commits to AI KYC startup’s Series A first appeared on EGR Intel.