Atticus banks $10.84M on tidal wave of global compliance demand

Australian verification software company Atticus has closed a $10.84 million minority investment from Skip Capital and Blackbird Ventures as it continues to lead the booming global market in fact-checking tools. 

Developed as a faster, better way to fact-check critical documents including IPO prospectuses, ESG statements, and annual reports, Atticus saves legal and corporate entities across the UK and APAC hours of manual reviewing time and reduces risk of human error.

Atticus has doubled its revenue annually since 2021 and counts 12 of the UK’s top 20 law firms as clients including Slaughter and May, Linklaters, Pinsent Masons, Travers Smith, Ashurst, and Herbert Smith Freehills as well some of the UK’s leading companies such as National Grid, Aston Martin, and Kingfisher. 

Bootstrapped to date and already profitable, Atticus plans to continue to grow sustainably using its revenue deploying the funds as a strategic reserve to seize opportunities when expanding product offerings and growing further into the UK and other jurisdictions.

“Atticus was founded to create a faster and more accurate way to solve the time consuming and mundane process of legal verification of critical corporate and legal documents, mitigating core compliance risks for our global clients,” says Atticus CEO Thom Mackey. 

“Thousands of investor relations, company secretary, and legal teams over five continents are trusting Atticus’s verification software with their highest stakes work. We’ve had directors and audit and risk committee members asking for our products by name as a sign of quality and trust,” says Mackey. 

“Our products give them the confidence that their documents are accurate and verified by providing an auditable process that centralises documents, maintains version control, and reduces manual error. Users love Atticus because it’s easy to use with no setup time and saves teams the pain of manually tracking this high-stakes information across multiple spreadsheets, emails, and documents.”

Atticus UK and EU General Manager Patrick Skinner, added: “Over the past four years Atticus has been used as a key tool to corroborate information on some of the UK’s biggest transactions and listings and is now the go to verification product for a range of listed companies on the London Stock Exchange. We’re excited to be a pillar of the UK’s capital markets industry for many years to come.”

Skip Capital Co-Founder and CEO Kim Jackson: “Atticus provides a crucial solution to the once time-consuming manual process of verifying legal and investor documents. Given the time it saves and the ease of using the platform, customers show a level of excitement for Atticus that is incredibly rare. This excitement is a testament to a high-performing team with a deep understanding of the problem.”

“Given the tidal wave of regulatory, compliance, and ESG governance requirements, we believe that Atticus is a vital player in helping companies and legal teams deal with these mounting challenges. We are excited to support the founders and broader Atticus team in leading the way as a must-have solution globally.”