8 Angel Court • London • EC2R 7HP
Tel: 0800 294 6841

The Company and Our Investment

Established in 2002, Future Route Ltd is a world leader in the development of ground-breaking data analysis software for commercial, mass market use. Its technology, which is based on a unique and powerful combination of artificial intelligence and sophisticated data analytics, is easy-to-use and suitable for multiple platforms. End users are offered superior commercial insight in a fraction of the time it would take a human to assess the same set of data.

ValidisTM, Future Route's first branded offering, was bought to market during 2007 and is the equivalent of an electronic auditor. It is a web-based SaaS (‘Software as a Service') which combines sophisticated data algorithms and a powerful rules engine to generate insight into large quantities of undifferentiated accounts data. Validis requires virtually no training and provides its users with a fast, efficient and cost effective way of checking the accuracy and completeness of 100% of their underlying accounting data in a matter of seconds. It allows users to identify errors; spot anomalies; highlight suspicious transactions; view business trends; check against internal and external accounting rules (286 commonly accepted accounting rules checked); and generate powerful management reports in under a minute.

"Future Route's technology is based on inductive logic programming developed at Oxford and Imperial University. The Validis application is being used to revolutionise the real time analysis of company accounts for accountants, directors and credit rating agencies."

Alex Macpherson, Octopus Ventures

Future Route

Key Information

SECTOR: Software and Computer Services

DATE COMPLETED: September 2003

TRANSACTION TYPE: Early stage

INVESTMENT: £170,000

FUNDS INVESTED: Octopus Venture Partners

FURTHER FUNDING: 2004, 2005, 2006, 2007, and 2008

PORTFOLIO STATUS: Current

OCTOPUS CONTACT: Alex Macpherson



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