Fundraising Fox
WorkFusion
New York, US · Founded 2011 · Delaware corporation · 192 employees on LinkedIn · 7 known investors
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WorkFusion provides AI agents that perform anti-money laundering (AML) and compliance analysis work, including payment sanction screening, alert review, and enhanced due diligence for financial institutions and compliance teams.
Founders & leadership
WorkFusion was founded in 2011 by Andrew Volkov and Max Yankelevich.
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Andrew VolkovFounder & Board Member2011–2021Andrew Volkov is an executive officer and director at WorkFusion, which develops AI agents for anti-money laundering and compliance analysis in financial services.
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Max YankelevichFounder and Board Member2011–2026Max Yankelevich is an executive officer at WorkFusion, which develops AI agents for anti-money laundering and compliance analysis work including payment sanction screening and enhanced due diligence for financial institutions.
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Adam FamularoChief Executive OfficerHe previously founded and led erwin, a data governance software company acquired by Quest Software, and held executive roles at Verizon and CA Technologies in cloud and data management.
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Board
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Vishal RaoBoard director
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David HawkinsBoard director
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Ray YousefianBoard director
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Kirill SheynkmanBoard director
Investors · 7
Declaration Partnerslisted by Declaration PartnersBethesda
How we know: Declaration Partners's portfolio page · Not right? Tell us
Greycroftlisted by GreycroftNew York · $100K – $5Mvia Ian Sigalow · led
How we know: Greycroft's portfolio page · the VCSheet dataset · Not right? Tell us
Inovia Capitallisted by Inovia CapitalMontreal · $250K – $8Mvia Shawn Abbott · board
How we know: Inovia Capital's portfolio page · board seat on SEC Form D · Not right? Tell us
NGP Capitallisted by NGP CapitalBerlin · $8M – $12Mvia Paul Asel · board
How we know: NGP Capital's portfolio page · a partner's Signal profile · board seat on SEC Form D · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$182.8M disclosed across 7 rounds · 2014–2025
▶$15.4MraisedMar 2025 · 19 investors · Other TechnologyRule 506(b)
▶$15.4MraisedMar 2025 · 19 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Geoffrey MooreDirector
- Justin LafayetteDirector
- Marco IansitiDirector
- Vishal RaoDirector
- Richard CampbellExecutive Officer
- David HawkinsDirector
- Ray YousefianDirector
- Dave RevellDirector
- Adam FamularoExecutive Officer, Director
- Offering amount
- $15.4M
- Amount sold
- $15.4M
- First sale
- Feb 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$8.8MraisedOct 2022 · 1 investors · Other TechnologyRule 506(b)
▶$8.8MraisedOct 2022 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Vishal RaoDirector
- Ginger MosierExecutive Officer
- Max YankelevichDirector
- Justin LaFayetteDirector
- Dave RevellDirector
- Adam FamularoExecutive Officer, Director
- Marco IansitiDirector
- David HawkinsDirector
- Geoffrey MooreDirector
- Offering amount
- $8.8M
- Amount sold
- $8.8M
- First sale
- Sep 2022
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$60MraisedFeb 2021 · 7 investors · Other TechnologyRule 506(b)
▶$60MraisedFeb 2021 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Max YankelevichDirector
- David HawkinsDirector
- Justin LaFayetteDirector
- Vishal RaoDirector
- Shawn AbbottDirector
- Geoffrey MooreDirector
- Ginger MosierExecutive Officer
- Alex LyashokExecutive Officer, Director
- Offering amount
- $81.1M
- Amount sold
- $60M
- First sale
- Feb 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$37.8MraisedApr 2018 · 12 investors · Other TechnologyRule 506(b)
▶$37.8MraisedApr 2018 · 12 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Kirill SheynkmanDirector
- David HawkinsDirector
- Shawn AbbottDirector
- Justin LaFayetteDirector
- Katherine BarrDirector
- Alex LyashokExecutive Officer, Director, Promoter
- Paul AselDirector
- Max YankelevichDirector
- Offering amount
- $50M
- Amount sold
- $37.8M
- First sale
- Apr 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$34.3MraisedJan 2017 · 9 investors · Other TechnologyRule 506(b)
▶$34.3MraisedJan 2017 · 9 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Justin LaFayetteDirector
- Alex LyashokExecutive Officer
- Paul AselDirector
- Shawn AbbottDirector
- Andrew VolkovExecutive Officer, Director
- Max YankelevichExecutive Officer, Director, Promoter
- Kirill SheynkmanDirector
- Katherine BarrDirector
- Offering amount
- $38.6M
- Amount sold
- $34.3M
- Proceeds to insiders
- $1M
- First sale
- Jan 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$11.3MraisedDec 2015 · 8 investors · Other TechnologyRule 506(b)
▶$11.3MraisedDec 2015 · 8 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Shawn AbbottDirector
- Andrew VolkovExecutive Officer, Director
- Max YankelevichExecutive Officer, Director, Promoter
- Paul AselDirector
- Kirill SheynkmanDirector
- Katherine BarrDirector
- Alex LyashokExecutive Officer
- Offering amount
- $13.8M
- Amount sold
- $11.3M
- Proceeds to insiders
- $750K
- First sale
- Dec 2015
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
▶$15.1MraisedMay 2014 · 5 investors · Other TechnologyRule 506(b)
▶$15.1MraisedMay 2014 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Shawn AbbottDirector
- Andrew VolkovExecutive Officer, Director, Promoter
- Max YankelevichExecutive Officer, Director, Promoter
- Kirill SheynkmanDirector
- Offering amount
- $15.1M
- Amount sold
- $15.1M
- First sale
- Apr 2014
- Incorporated
- Corporation, Delaware, 2011
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
4 people who came through WorkFusion went on to found or lead other companies.
Related companies · 4
Comply AdvantageComplyAdvantage offers a SaaS-based risk intelligence platform for anti-money laundering (AML) and financial crime risk management, providing customer screening and transaction monitoring for financial services and compliance teams. Its AI-driven tools support onboarding, ongoing monitoring, remediation, and reporting.
Unit 21Unit21 provides an AI-powered fraud prevention and AML compliance platform that automates financial crime detection, investigations, and regulatory filing across the full lifecycle. The platform serves fintechs and financial institutions globally with configurable AI agents that reduce false positives and accelerate case resolution while maintaining regulatory defensibility.
TookitakiTookitaki provides an anti-financial crime platform designed for banks and fintech companies, leveraging community intelligence and real-time responsiveness to detect and prevent financial crimes. The platform uses federated learning and transparent AI frameworks to serve financial institutions across APAC and the Middle East.
AlessaAlessa develops SaaS compliance software that combines KYC, KYB, AML, and fraud prevention tools for financial institutions and corporates globally. The platform helps organizations detect and prevent financial crime while reducing compliance risk.
Companies working in the same space as WorkFusion.
Frequently asked questions
- What does WorkFusion do?
- WorkFusion provides AI agents that perform anti-money laundering (AML) and compliance analysis work, including payment sanction screening, alert review, and enhanced due diligence for financial institutions and compliance teams.
- Who founded WorkFusion?
- WorkFusion was founded by Andrew Volkov, Max Yankelevich in 2011.
- Who are WorkFusion's investors?
- WorkFusion's investors include Declaration Partners, Greycroft, Inovia Capital, Kensington Capital Partners Limited, NGP Capital, Peak Partners, Georgian.
- How much funding has WorkFusion raised?
- WorkFusion has disclosed $182.8M raised across 7 rounds.
- Where is WorkFusion headquartered?
- WorkFusion is headquartered in New York, US.