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New Deal


Announced

Completed

Insight Partners completed a $15m investment in Zest AI.

Financials

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Transaction Value£10m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

IT Services: Other

Minority

Domestic

Completed

Single Bidder

Private Equity

Friendly

Acquisition

Venture Capital

machine learning

Private

Synopsis

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Insight Partners completed, a venture capital and private equity firm, a $15m investment in Zest AI, a provider of software for credit underwriting. Other investors include Matrix Partners, Lightspeed Capital, and Upfront Ventures. "The Zest team has deep domain expertise in both lending and explainable AI and this has led to strong product-market fit; however, what has really excited us is the opportunity to tilt the lending landscape toward equity and inclusion," Deven Parekh, Insight Managing Director.

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