iCustoms.AI Secures $2.2m Funding for AI Trade Compliance
iCustoms.AI, a London, UK-based provider of AI-powered trade compliance solutions, recently announced the closing of a $2.2m seed funding round. The backers for this round included notable names such as Fuel Ventures, Plug and Play, Outrun Ventures, Montblu Capital, SyndicateRoom, and angel investors. With this investment, the company aims to further enhance its innovative trade compliance platform.
Clear Customs Group, the brainchild behind iCustoms, has a clear mission to revolutionize customs clearance processes.
By leveraging AI technology, the company seeks to make customs clearance faster, more cost-effective, and most importantly, compliant. iCustoms's HMRC Recognised customs declaration software and AI-powered platform are designed to automate and streamline customs processes with unparalleled accuracy.
The founding team of iCustoms includes Adnan Zaheer, serving as the CEO. With a background as a Qualified Accountant and an MBA, Zaheer's expertise includes working at PwC and being a founding member of a $1 billion company called Smart Pension. Another key figure is Mark Denney, an advisor to the company, who brings a wealth of experience from his previous roles as the CIO of HMRC and Group CIO of Barclays. Denney played a crucial role in leading Brexit-related initiatives, including Customs Technologies at HMRC, showcasing his expertise in digital transformation, technology, and strategic change.
They've invested in iCustoms.AI
Get to know these AI investors
| Investor | Sector | Stage | Activity | Team | Connect |
|---|---|---|---|---|---|
 Fuel Ventures | 71 investments investments | 5 contacts contacts | |||
 Plug and Play | 14 investments investments | more info | |||
 Outrun Ventures | 2 investments investments | 2 contacts contacts | |||
 Montblu Capital | 1 investment investment | more info | |||
 SyndicateRoom | 6 investments investments | 3 contacts contacts |
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