Fresh capital for Hawk: the provider of AI-powered anti-money laundering (AML), screening and fraud prevention solutions is receiving $56 million. The round was led by One Peak, with existing backers such as Macquarie, Rabobank, BlackFin Capital Partners, Sands Capital, DN Capital, Picus and Coalition also participating. Hawk was advised by a Taylor Wessing team led by Berlin partner and VC expert Dr Norman Röchert.
Founded in Munich in 2018, Hawk is a leading provider of AI-based anti-money laundering (AML), screening and fraud prevention solutions. Hawk has partnered with more than 80 customers globally, ranging from large Tier 1 banks to mid-market financial institutions and fintechs. Its technology is trusted by some of the industry’s most highly regulated firms. The funds raised will be used to drive product innovation and expansion, with a particular focus on the US market.
Hawk's AI-based software enables financial institutions to monitor transactions more closely and detect fraud and money laundering faster and with a high degree of accuracy. The technology solution thus reduces the workload for compliance teams in adhering to legal requirements and processes, while also helping to combat financial crime more effectively.
Legal advisors to Hawk
Taylor Wessing Germany: Dr Norman Röchert (Partner), Dr Anna Hankings-Evans (Senior Associate), Jasmin Bechtold (Associate), Felix Paul (Professional Support Lawyer) all Corporate/Growth VC; Nico Jänicke (Partner, Employment, Pensions & Mobility), all Berlin
