London, 10 October 2024: ´Ü±õ³¢°¿â„¢, the UK-based technology company specialising in transformational Software as a Service, is pleased to announce that Altered Capital (‘Altered’) has become a significant shareholder in ´Ü±õ³¢°¿â„¢.
Altered has acquired a 6.5% stake from several early, seed investors in ´Ü±õ³¢°¿â„¢. The acquisition by Altered represents further endorsement of ´Ü±õ³¢°¿â„¢ on its trajectory to become a key transformational technology provider to the global asset servicing industry and beyond. Â
Altered is a global venture capital and private equity firm dedicated to helping companies with proven product-market fit achieve their greatest ambitions. The firm boasts a strong portfolio of technology investments, including Starling Bank a UK-based digital bank. Altered was an investor in Palantir Technologies through its transition to a publicly listed company. The full portfolio is available at: â€
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â€Commenting, Phil Goffin, Founder and CEO of ´Ü±õ³¢°¿â„¢ said, 'I am delighted to have Altered Capital as a new shareholder in ´Ü±õ³¢°¿â„¢. Altered is well known for their successful involvement in high growth technology companies, and we appreciate their confidence in ´Ü±õ³¢°¿â„¢ and our mission to enable operating model transformation at our clients'. â€
â€Marcus Traill, one of the Founding Partners of Altered Capital, stated, '´Ü±õ³¢°¿â„¢ has a best-in-class technology platform and a highly respected management team. In a short space of time, ´Ü±õ³¢°¿â„¢ has established an excellent reputation in the financial services sector, where its innovative solutions enable growth and differentiation for clients. We are excited to be a partner in ´Ü±õ³¢°¿â„¢â€™s growth and a strong advocate as it expands into new ³¾²¹°ù°ì±ð³Ù²õ.³æ27;Ìýâ€
Altered joins other investors in ´Ü±õ³¢°¿â„¢ including Fidelity International Strategic Ventures, Portage, State Street Corporation and Citi who participated in the £25 million oversubscribed Series A funding round in January 2024, and direct investors from ´Ü±õ³¢°¿â„¢'s own employee base and its management.
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