About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Arteria AI Plans Global Growth Acceleration of Digital Documentation Solution Following Strategic Investment

Subscribe to our newsletter

Arteria AI is planning to accelerate global growth of its enterprise digital documentation software following strategic investments from Citi SPRINT (Spread Products Investment Technologies), the strategic investing arm of the bank’s Global Spread Products division, and the Business Development Bank of Canada (BDC).

Citi and BDC Capital join investors in Arteria AI including Information Venture Partners, Illuminate Financial, StandUp Ventures, and Golden Ventures. This round of funding follows Arteria AI’s Series A in April 2021, when it raised $11 million just five months after the company’s inception as a spin-out from Deloitte in Toronto, Canada. The amount and terms of the latest investments were not disclosed.

Shelby Austin, CEO of Arteria AI, a Global AI Council Member at the World Economic Forum, and former MD, Growth and Investment at Deloitte, says: “This investment is a strong signal that Arteria uniquely addresses the documentation challenges faced within institutional finance.”

Arteria AI’s software has been deployed at numerous top-tier global financial institutions, including Goldman Sachs and Citi, to deliver fast and accurate documentation experiences to clients, while lowering the cost and risk of doing business.

It uses AI and a data-first approach to make documentation processes frictionless, and includes a series of product modules that can be used to help draft, negotiate and analyse documentation and contracts. Arteria says that unlike standard digital contract lifecycle management platforms, its solution has been built to the specific requirements of the institutional banking and trading sector, and delivers efficiencies to document and data management processes from the simplest to the most complex segments within finance.

Katya Chupryna, head of SPRINT at Citi, says: “Our investment in Arteria AI aligns with our strategy, as the company’s differentiated technology is widely applicable to multiple Citi businesses and accretive to our broader ecosystem of portfolio companies. The company has already accumulated significant traction with established financial institutions, demonstrating the utility of its technology. A strategic investment in Arteria AI also represents a great opportunity to support a female-founded and led enterprise FinTech company.”

Mark Trevitt, partner at BDC Capital, a developer of high-growth businesses in Canada, adds: “Working with Shelby Austin and her team furthers our mission to support the development of iconic Canadian entrepreneurs and companies.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

Value of ESG Ratings, Scores Still Debated Amid Differing Reports

Consensus remains elusive over the value of aggregated ESG metrics such as ratings and other scores despite a flurry of recent studies on the contentious issue. Three issuers of ratings and indexes conducted their own research into the performance of funds and assets relative to their ratings and while two found at least some correlation...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...