Max Scharbert

Director Max Scharbert, alongside associate Rory Crawford, acted on behalf of the Edinburgh-based business, helping it secure £12 million of funding from Puma Growth Partners, PXN Group, Nationwide, Lloyds and other strategic investors – which will be used to develop a new product built to tackle concerns around AI governance.

The deal marks a major milestone for Aveni, which specialises in AI for regulated financial services, as it continues to scale its AI-driven platform and strengthen its position in the financial services sector.

Anderson Strathern has taken Aveni through various rounds of funding over the past four years, including its £11million Series A funding round in 2024.

Bruce Farquhar, partner at Anderson Strathern, said: “We are proud to have supported Aveni through its latest fundraising round. Having acted for the team for several years, it’s fantastic to see them going from strength-to-strength – and to see the confidence their investors have shown in their future vision.

“Aveni’s funding reflects the continued maturation of Scotland’s fintech sector, which has more than doubled in the past five years. Growing interest from larger, strategic financial institutions underlines the scale of momentum in the sector, which is increasingly attracting investment into AI, RegTech and financial services innovation.”

Jamie Hunter, COO at Aveni added: “The team at Anderson Strathern knows our business – and the wider sector – incredibly well, having taken us through several fundraising rounds on our journey so far.

“The confidence instilled in our investors is a true endorsement of the direction the business is taking, and this latest investment will allow us to develop ‘Agent Assure’ – providing assurance around the conduct of AI agents as they interact with real customers.”