Eilla AI, a startup using generative AI to improve dealmaking efficiency, has raised $1.5 million in fresh funds. The startup's platform generates documentation and provides financial research and analysis to speed up the process for firms in the space. In addition, the industry is slow to adapt to new technologies and there are not many solutions fit for M&A, VC, and PE." The company claims to have already been used by over 50 advisors and investors to aggregate and analyze prospective deals. The funding round was led by Eleven Ventures alongside Fuel Ventures, including capital from the fund's managing partner Mark Pearson, in a personal capacity.

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Persons: Nikola Lazarov, Mark Pearson, Lazarov Organizations: Eleven Ventures, Fuel Ventures Locations: London