Announced
Completed
Financials
Tags
United States
IT Services: Other
Minority
Domestic
Completed
Single Bidder
Private Equity
Friendly
Acquisition
Venture Capital
machine learning
Private
Synopsis
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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