In the Press

Congratulations to the teams at #Tabby and #Noon on this exciting new partnership. Consumers will be able to use the Tabby payment products on the region's largest e-commerce platform.

Heyday, a next-generation consumer products company pioneering a digital-first approach to brand building, today announced the acquisition of ZitSticka, an award-winning suite of differentiated, efficacious products designed for acne treatment and prevention. The acquisition will grow Heyday's already large investment in the personal care space and provide a leading position in the high-growth category of acne patches.

Congratulations to Stephanie Baum-Zepeda - an incredibly smart, insightful and hard working member of our team. A role model for anyone entering venture - Analyst to Principal at Arbor Ventures in 5 years!

TrueML, a financial technology software company developing machine learning-driven products that enable intelligent, digital communication including in the debt collection space, has acquired the debt collection business of Enhanced Recovery Company, LLC (ERC), a leading collections provider. The deal will bring ERC under the TrueML family of companies to accelerate TrueML's mission of creating a better experience for distressed consumers. Since its founding in 2013, TrueML's software has been used to communicate with more than 20 million consumers experiencing collections using a digital-first approach. Acquiring ERC enables TrueML to increase its size, scale and access to industry verticals more rapidly, while accelerating its mission and reaching tens of millions more consumers by augmenting ERC's services with digital capabilities. "This acquisition provides exciting opportunities for TrueML to grow significantly while also paving the way for enhanced service offerings down the road," said Ohad Samet, co-founder and CEO of TrueML. "We envision a world in which no one is locked out of the financial system, and we are growing at a time when best practices for engaging consumers in debt collection are transforming. We are committed to building software that uses machine learning and consumer-centric design to align with consumer communication preferences while delivering results for our clients. The addition of ERC will enable us to expand the scope of our products and services."

Congratulations to all of our portfolio companies who have been recognised by CB Insights in their top Fintech 250: Forter - Fraud Prevention & Compliance Fundbox - Business Lending HiBob - Payroll & Benefits Tabby - BNPL & Credit Cards Trumid - Capital Markets

Planck, leading AI-powered data and analytics platform, recently closed a $23 million funding round to continue its mission of empowering commercial insurers with real-time and accurate insights. The financing, which brings the company’s total to $71 million, was led by Vintage Investment Partners and all existing financial investors, including Team8, Greenfield, Arbor Ventures, Viola, 3L Capital, HDI and Nationwide, alongside private angel investors. “By partnering with Planck, commercial insurance carriers and their agents can achieve breakthrough levels of improvement in their processes and profitability by having clear, real-time views into their underwriting and business risks that are not available from standard industry data flows and typical providers,” said Gary Gregg, former Executive Vice President of Liberty Mutual Group, advisor and investor in Planck’s latest round. “Insurer partners will reap the benefits from these insights to greatly improve their customer experience, operations, and bottom line.”