Fundraising Fox

WorkFusion

New York, US · Founded 2011 · Delaware corporation · 7 known investors

workfusion.com ↗

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.

AI & Machine LearningEnterprise SoftwareFintech

Founders & leadership

WorkFusion was founded in 2011 by Andrew Volkov and Max Yankelevich.

AV
Andrew VolkovCo-founder
MY
Max YankelevichCo-founder
RC
Richard CampbellExecutive
AF
Adam FamularoExecutive
AL
Alex LyashokExecutive

Board

JL
Justin LafayetteBoard directorLead Investor, Head of Firm at Georgian
VR
Vishal RaoBoard director
DH
David HawkinsBoard director
RY
Ray YousefianBoard director
SAShawn Abbott
Shawn Abbottin𝕏member of the Board of Directors2013–2022Partner at Inovia Capital
PAPaul Asel
Paul Aselin𝕏Investor / DirectorVenture Partner at NGP Capital
KS
Kirill SheynkmanBoard director

Investors · 7

Declaration PartnersNew York
GreycroftNew York · $100K – $5Mvia Ian Sigalow · led
Inovia CapitalMontreal · $250K – $8Mvia Shawn Abbott · board
Kensington Capital Partners LimitedToronto
NGP CapitalBerlin · $8M – $12Mvia Paul Asel · board
Peak PartnersNew York
GeorgianreportedToronto, Ontario · $25M – $100M

Reported raises · per SEC filings

Form D private placements

$182.8M disclosed across 7 rounds · 2014–2025

▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗
▶$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
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Founder mafia

3 people who came through WorkFusion went on to found or lead other companies.

Alex LyashokCEOFounded ArchipelagoAdam DevineAdvisorFounded AltruAkshay BudhkarPortfolio Secondment (Interim Head of Data Science & Director of Applied Research)Founded Spine AI

Competitors · 3

by search overlap
Comply Advantage114 shared keywordsComplyAdvantage's Mesh Company Screening is an AML software module that screens and monitors business entities against sanctions, watchlists, adverse media, and enforcement data to identify financial crime risk. It serves compliance officers, MLROs, and analysts with configurable risk scoring, case management, and API-based automation for B2B onboarding and ongoing monitoring.
Unit 2181 shared keywordsUnit21 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.
Tookitaki63 shared keywordsTookitaki builds FinCense, an AI-based financial crime prevention platform combining collaborative intelligence and AI agents to detect money laundering and fraud through transaction monitoring, customer onboarding, name and payments screening, and case management. It serves banks, digital banks, payment processors, and e-wallets for AML compliance and regtech needs.

Companies competing with WorkFusion for the same Google search keywords, organic and paid, via search-intersection analysis.

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.