The deal, led by Hambro Perks who provided $3.8 million in the round, will continue to fuel Administrate’s rapid growth and further develop its platform to solve the unique challenges of mature enterprise training teams.

BOZEMAN, Mont., July 11, 2023 — Administrate, the leading enterprise training operations platform, announced today that it had raised $6.4 million from existing investors Archangels, Mercia, and the Scottish Investment Bank, and that it had welcomed Hambro Perks as a new capital partner. Funds will be deployed to support the company’s rapid growth and continue to meet the needs of its diverse and growing North American enterprise customer base.

The company, which was recently recognized as one of the fastest-growing tech companies in the UK by global tech and advisory firm GP Bullhound, provides a scheduling and logistics platform used by some of the biggest brands in the world to manage their complex global training operations. Customers typically experience an 80% reduction in manual activities after implementing the platform, and its new AI-powered scheduler has experienced accelerated customer demand in the last six months. Administrate is headquartered in Edinburgh, Scotland, with a USA office in Bozeman, Montana. 

The deal was led by Hambro Perks who specialize in supporting high-growth scale-up companies that focus on B2B SaaS.

“Backing Administrate was an easy decision,” said Usman Ali, Partner at Hambro Perks Growth Debt Fund. “Administrate is an innovative and rapidly expanding business that has continued to deliver double-digit growth within its enterprise customers segment in the last couple of years. Their platform is well suited to the needs of large corporations that operate in multiple geographies. We strongly believe that the business has tremendous growth potential and we look forward to seeing the business expand in the coming years.”

Niki McKenzie, Joint Managing Director at Archangels said, “With an impressive roster of customers on their books, this new funding package will allow the team to accelerate growth, particularly stateside, where they have seen significant growth among large multinational corporations. We’re looking forward to working closely with the team on this next exciting chapter of their story.”

“Our team has done an incredible job delivering for our customers,” said John Peebles, CEO of Administrate. “Our capital partners understand the unique opportunity ahead of us, and we’re excited to continue building on our success in a sustainable way. I’m proud of some of the key innovations we’re launching within our platform this year which include our AI-powered scheduler and significant improvements to our headless architecture strategy. These tools within our platform can transform training operations and drive significant ROI for our customers in unprecedented ways.”

About Administrate

Administrate is the premier learning technology platform designed to scale and manage the complexities of enterprise training. Organizations such as Royal Caribbean Group, Siemens Healthineers, and Maersk use the platform to automate manual processes, manage complex training schedules and logistics, and access business intelligence from previously untapped and siloed data. The company was founded in 2012 in Edinburgh, Scotland, and has offices in Bozeman, Montana. Administrate was recognized as a 2022 “Great Place to Work” in both the U.S. and U.K.

About Archangels:

Founded in 1992, Archangels is a leading business angel syndicate investing in early-stage Scottish life sciences and technology companies. Archangels comprise around 120 members and an eleven-strong board and executive team. There are currently 21 companies within the portfolio.

For further information on Archangels visit www.archangelsonline.com

About Hambro Perks:

Hambro Perks is a London-headquartered international investment firm focused on private investing. It partners with founders and entrepreneurs to support growth businesses at all stages of the investment cycle.

Hambro Perks has specialized and dedicated investment teams, working across a number of funds. In addition to their flagship Venture, EIS, co-investment and Growth Debt funds, Hambro Perks offers a number of specialist differentiated investment strategies, including Hambro Perks Environmental Technology, Special Situations, and Access, which invests in venture secondaries.

MEDIA CONTACT:
Candice Stokes
[email protected]
7067181143

SOURCE Administrate

NEW YORK, July 11, 2023 — Flagship, a revolutionary retail inventory planning platform, announced today that it has raised $5 million in seed funding led by global software investor Insight Partners. Dream Ventures, Essential Capital, Klemhurst, Future Archives, AUFI Ventures, and the Kleiner Perkins Scout Fund participated in the round along with several strategic angel investors. This investment underscores Flagship’s commitment to deliver pioneering, customer-focused, data-driven solutions to the retail sector. Flagship will use the funds to further accelerate their first product – an inventory cloud solution – and grow its customer base.

Utilizing advanced machine learning and AI models, Flagship provides predictive intelligence that retailers can use to optimize their inventory decisions. Flagship’s solution blends customer-level product feature-level data, allowing for more accurate demand prediction and smarter inventory management. Early customers include Athletic Propulsion Labs (APL), State & Liberty, Cariuma, Ministry of Supply, Public Rec, and more.

Adam & Ryan Goldston, Co-Founders of APL, the second largest independently owned athletic footwear brand in the world, remarked: “What sets Flagship apart is its dynamic and adaptable nature. The platform is an entire ecosystem that sheds light on the predictive reasoning behind inventory decisions, and then it allows us to manipulate inputs to change outputs. It doesn’t just tell us what inventory to stock; it shows us where we should be placing our bets.”

Flagship’s unique platform solves one of the most pressing issues in the retail industry — poor and unsophisticated inventory planning that costs brands and retailers millions each year. The company’s AI and machine learning-based platform has already shown promise in backtesting, with findings suggesting that improved inventory decisions could save brands in their target market between $40,000 to $150,000 per item from premature sell-outs alone.

“Understanding customer needs to inform inventory decision making is a universal desire for all brands. AI can help achieve this by bringing forward remarkable insights that support inventory optimization,” said Jeff Horing, Co-Founder and Managing Director at Insight Partners. “With its innovative inventory product, Flagship is uniquely positioned to empower retail brands to harness these capabilities at an unprecedented scale. Insight is thrilled to support Justin and the Flagship team, and we look forward to future applications that support business-wide decision making.”

Justin Abrams, Co-Founder and CEO of Flagship, said, “We are thrilled to partner with Insight Partners as we transform Flagship’s vision from blueprint to breakthrough. This funding enables us to bring on board the brightest minds in data science and engineering, in order to deliver an exceptional product experience with outsized ROI for our customers.” Haftan Eckholdt, Flagship’s Chief Technology Officer added: “Having built data science capabilities at Amazon, AIG, and Albertson’s, I’ve seen firsthand the transformative power of AI and machine learning on a company’s top-line and bottom-line revenue. I am excited to be leading the technology team at Flagship, where data science isn’t a function, it’s the business model.”

About Flagship
Flagship is a cutting-edge retail inventory planning platform that leverages advanced AI and machine learning models to provide predictive analytics for inventory decisions. By integrating multiple data streams and applying proprietary algorithms, Flagship helps brands and retailers optimize their inventory assortment, minimizing overstock and reducing lost sales due to understock. For more information on Flagship, visit flagshiprtl.com.

About Insight Partners
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies that are driving transformative change in their industries. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Headquartered in New York City, Insight has offices in London, Tel Aviv, and Palo Alto. Insight’s mission is to find, fund, and work successfully with visionary executives, providing them with right-sized, right-time practical, hands-on software expertise along their growth journey, from their first investment to IPO. For more information on Insight and all its investments, visit insightpartners.com or follow us on Twitter @insightpartners.

SOURCE Flagship

SAN FRANCISCO, July 11, 2023 — Puloli, an IoT Solutions-as-a-Service provider, is pleased to announce an investment by Artemis Energy Partners.  Bobby Tudor, the CEO and founder of Artemis Energy Partners has joined Puloli’s Board of Directors, offering invaluable insights, support, and thoughtful guidance.

With the launch of Paradigm M-Series™ IoT Solutions-as-a-Service (SaaS), a 24×7 continuous methane monitoring service for energy producers, Puloli is making a strong entry into energy verticals.  Artemis Energy Partners’ investment will enable the company to expand research and development capabilities, strengthen operational capacities, and provide strategic industry insights and market knowledge.

“Bobby brings a tremendous amount of credibility and energy industry insight to Puloli and complements what Jodi Jahic and Aligned Partners bring to Puloli.  From his tenure at his namesake investment banking firm, Tudor Pickering Holt & Co. (TPH), to his advocacy work at Greater Houston Partnership, Bobby has built a stellar reputation as a leader in the energy industry.  We welcome Bobby to Puloli and look forward to tapping into his vast knowledge and experience to rapidly expand Paradigm M-Series™ across all major energy-producing regions in the US,” said Kethees Ketheesan, CEO of Puloli.  “Bobby’s endorsement of Puloli solution will be a big boost in accelerating our growth.”

“It’s a true pleasure to welcome Bobby Tudor to the Puloli Board,” said Jodi Jahic, Managing Partner at Aligned Partners.  “Bobby’s expertise, experience, and reach in the energy world will significantly add to our growth.  Puloli is set to change the game in methane measurement and detection with its targeted, cost-effective, and scalable solutions.  I look forward to working with Bobby and Kethees on the continued success of Puloli.”

“I’m very pleased and excited to be a part of the Puloli team,” said Bobby Tudor.  “The Energy industry is hungry for solutions I’m confident Puloli can provide.  Kethees and his team are poised to become a leader in the methane detection and measurement space, and I look forward to supporting that growth opportunity.”

The investment will further accelerate Paradigm M-Series™ launch announced by the company last week.  The first commercial system was launched in the state of Texas earlier this year.  It will soon be rolled out across all major energy-producing regions of North America.

About Puloli, Inc.

Puloli is an IoT Solution-as-a-Service (SaaS) provider to Critical Infrastructure Industries (CII).   Under Paradigm by Puloli™ brand, the company offers IoT solutions using its own private 5G-IoT network to energy producers, utilities, and smart cities.  The flagship Paradigm M-Series™ provides a cost-effective, basin-scale, mission-critical turnkey service for real-time monitoring of methane emissions without disrupting ongoing operations.  Puloli’s dedication to delivering transparent, auditable, actionable data for customers is underwritten by an industry-leading Service Level Agreement (SLA).  This enables customers to focus on their core business while Paradigm by Puloli™ takes care of their IoT applications.  For more information, visit puloli.com or email [email protected].

SOURCE Puloli, Inc.

AUSTIN, Texas, July 11, 2023 — Equabli, Inc., a leading financial technology company, is pleased to announce the successful completion of its recent round of financing. The funding round secured $3.35M of additional capital and was led by Social Leverage. Additional commitments were received by BankTech Ventures and Cross River Digital Ventures.

The funding will be instrumental in propelling Equabli toward its strategic objectives, including talent acquisition, market expansion, and enhancing Equabli’s innovative debt recovery products and services, enabling it to continue to deliver exceptional value to its clients and stakeholders.

“We’re thrilled to partner with Equabli as they innovate in important areas of the credit lifecycle. The team’s knowledge about collections and recovery is world-class, and they’re applying it to a new technology and services stack that our banks can utilize and significantly upgrade their capabilities. This is exactly the kind of strategic company we look for at BankTech Ventures,” said Carey Ransom, Managing Director.

“The Equabli team is transforming the way we think about the credit cycle, specifically debt management, an area ripe for innovation,” said Hillel Olivestone, Head of Corporate Development and Strategy at Cross River. “Cross River Digital Ventures is excited to support industry pioneers and be a part of Equabli’s next stage of growth.”

“We are excited to have successfully concluded this round of funding,” said Cody Owens, Equabli’s CEO. “This investment represents a significant milestone for our company and reaffirms the confidence that our clients and investors have in our team and the solutions we are bringing to the Financial Services industry. We are grateful for the continued support of Social Leverage, and the opportunity to unlock strategic value with BankTech Ventures and Cross River Digital Ventures.”

About Equabli:

Equabli is dedicated to modernizing and optimizing debt recovery for lenders and their borrowers. Equabli’s comprehensive and intelligent Recovery as a Service platform provides clients with an expertly curated value chain of technology, analytics, and integrated recovery providers, all overseen by Equabli’s team with >150 years of domain-rich experience. No more piecemealed solutions and suboptimal results, Equabli is the one-stop solution for optimized, comprehensive, and compliant lifecycle recoveries. Learn more today at www.equabli.com.

For media inquiries, please contact:
Cody Owens
Chief Executive Officer
Equabli, Inc.
512.436.1770
[email protected]com

SOURCE Equabli, Inc.

OSLO, Norway, July 11, 2023 — Optio, the leading provider of B2B SaaS equity compensation solutions today announced the extension of its series A round with CCAP, a technology financial investor out of Germany. Earlier this year Optio completed its series A from leading Nordic investors Futurum Ventures, Skyfall and Bent Skisaker. With the extension Optio successfully raised in total NOK45 million in its series A and is fully funded.

The growth capital will support Optio to continue its impressive expansion strategy and to penetrate new markets including Germany, Switzerland, the Netherlands and southern Europe while setting up the organization for further international expansion.

“We are very excited to share the next stage of our journey with CCAP, who bring a deep understanding of B2B SaaS, a wealth of financial and operational experience and a wide network to Optio. The partnership and the capital will support Optio in its expansion and allow to capitalize on the substantial market opportunity”, said Christoffer Herheim, co-founder and CEO of Optio. 

Christopher Caesar of CCAP said, “We are excited to work with Christoffer, Mats, Knut and the Optio team who have created an outstanding business with an impressive track record of very high and profitable growth expanding from Norway into Sweden, Denmark and now the Rest of Europe. We look forward to leveraging our network and experience to support Optio’s strategy.”

About Optio

Established in 2018, Optio combines software and deep expertise to manage equity compensation plans for companies of all sizes. Today, the company manages over 1,000 equity programs worldwide for private and publicly listed clients. Optio’s unique capability to support businesses at every stage, from initial development to the public market, sets the business apart from other providers. Optio simplifies complexities associated with employee incentive programs, enabling companies to stay compliant, manage equity, report costs effectively, and maximize the programs benefits.

optioincentives.no

About CCAP

CCAP is a German investment and advisory firm founded by Christopher Caesar and Sebastian Hess. The firm focusses on technology, software, data and tech enabled industries where it leverages its experience and operating partners to help companies execute their strategies. CCAP partners with companies and management teams to provide bespoke capital and advisory value add services to accelerate growth. For more information about CCAP, please visit https://ccap.co.

Logo – https://mma.prnewswire.com/media/2150390/Optio_Logo.jpg
Logo – https://mma.prnewswire.com/media/2150389/CCAP_Logo.jpg

SOURCE OPTIO INCENTIVES AB

With efficient growth, innovation and marquis healthcare customers like Humana – Verifiable is shaking up the multi-billion dollar provider network management category.

AUSTIN, Texas, July 10, 2023 — Verifiable, an API-first innovator to the antiquated provider network management software category, has raised $27 million in Series B funding led by Craft Ventures to accelerate its next stage of growth and product innovation. Verifiable’s comprehensive suite of network management solutions and real-time verifications empower healthcare organizations to expedite credentialing from multiple weeks to a matter of days. For customers, these efficiency gains can directly translate into millions of dollars of cost savings and added revenue capture, while also helping mitigate compliance risk, meet audit requirements, and improve the overall provider experience.

Verifiable will use this funding to scale go-to-market teams and expand its extensive verifications infrastructure to further differentiate the company’s best-in-category provider credentialing, compliance and network management solutions. The funding will also further accelerate Verifiable’s collaboration with Salesforce. Along with Craft Ventures, Highland Capital Partners, 137 Ventures and Cooley participated in the round, as well as existing investors The Altman Fund and Struck Capital.

“Credentialing isn’t a new challenge—it’s an administrative bottleneck that’s been costing healthcare organizations billions while negatively impacting provider experience and eroding the bottom-line,” says Nick Macario, CEO of Verifiable. “What is new is Verifiable’s integrated approach that truly automates the underlying operations through real-time verifications and workflows to drive speed and efficiency. Some of our largest competitors in the space are also customers of our platform, which speaks to the unique solution and value we bring to market. This is where Verifiable is built different.”

Craft Ventures Partner and COO, Brian Murray, points out, “In today’s macro environment, the funding bar is very high. Growth alone isn’t enough—companies need to demonstrate they can grow fast without excessive burn. They must also prove they’re solving big problems for big markets, forming a new category of software in their wake. We believe Verifiable has the potential to permanently upgrade our healthcare system. We’re excited for what’s to come.”

Verifiable quickly emerged as the “go-to” credentialing solution for fast-growing, digital healthcare companies as healthcare quickly went virtual in 2020. Over the last year, Verifiable has since garnered significant traction in simplifying provider network operations for larger enterprise healthcare organizations as well.

One such leading customer is Humana, which came to Verifiable searching for technology solutions to help insource away from its previous Credential Verification Organization (CVO) vendor as Humana aimed to reduce costs, increase data quality and accelerate credentialing turnarounds to improve the provider experience. Humana chose Verifiable to insource, automate and centralize credentialing operations on the Salesforce platform. Through this work, it is currently projecting a 15% cost reduction, while improving quality and control over its previous CVO.

Over the last year, Verifiable has tripled its revenue and doubled its team, quickly becoming a fast-growing partner within Salesforce’s ISV partner ecosystem. Throughout the recent accomplishments, Macario is quick to point out that beyond the powerful technology platform, it’s really Verifiable’s people at the heart of their success, “Everyone really cares deeply about helping our healthcare customers improve the provider experience, innovate in the face of provider shortages and expand access to care.”

With funding to power further growth, Verifiable is actively hiring for a number of open roles over the coming months. Learn more at www.verifiable.com/careers.

About Verifiable

Verifiable is an API-first, provider network management platform built to help healthcare provider and payer organizations speed up network operations, save costs and streamline the provider experience. Verifiable industry-leading provider data infrastructure connects to thousands of primary sources to deliver real-time provider verification & monitoring to automate the credentialing process – resulting 78% faster turnaround times and millions in added revenue capture. Verifiable works with innovative healthcare provider and payer organizations like Humana, Lyra Health, Talkspace, Modern Health, Wheel, Grow Therapy, and many others. Verifiable is a proud Y-Combinator company whose investors include Craft Ventures, Highland Capital Partners, Tiger Global, The Altman Fund, Struck Capital, Liquid2 Ventures, 137 Ventures, Cooley and Soma Capital.

Press Contact:

Scott E. Rupp
941-448-7566
https://millerrupp.com

SOURCE Verifiable

INDIANAPOLIS, July 10, 2023 — Arrive, the smart mailbox company formerly known as Dronedek, today announced that it raised more than $1.3 million from 428 investors, most of them new to the Indianapolis-based innovator. The funding round closed Friday, July 7.

It’s the second time Arrive has eclipsed $1 million in crowdfunding efforts. The company now has nearly 5,000 individual investors and has raised more than $9 million in its total fundraising efforts since the company was founded in 2014. The startup now employs 15 people worldwide.

“This demonstration of support for our product is really important as we get closer to distribution,” said Arrive CEO Dan O’Toole. “We’ve been working steadily for the past nine years, hitting all our targets and constantly iterating as the industry advances. We’re more than ready to be out there in the field.”

Arrive is poised to solve the biggest issues in package delivery. For consumers, that’s the security of the more than 36 million packages now commonly left unprotected on porches and driveways each day. An estimated 1.7 million packages a day are stolen before they could be picked up by their owners. 

For businesses, Arrive helps shave costs of the most expensive and difficult part of the supply chain – the last mile – by adding a secure mailbox that can keep packages safe from theft and can accept delivery via human or autonomous means, all while providing documented chain-of-custody. By 2028, the autonomous last-mile delivery market is expected to surpass $51 billion.

For the world, autonomous delivery can help reduce carbon emissions created by traditional delivery means and will help reduce traffic congestion and safety issues. Experts estimate that 20-30 percent of a city’s CO2 emissions result from last-mile deliveries.

O’Toole is among the first in the United States to secure patents for a smart mailbox designed to securely accept packages delivered by drone and holds a first-position patent portfolio for the next-generation mailbox of autonomous and drone delivery. 

About Arrive: Headquartered in Indianapolis, Ind., Arrive (formerly Dronedek) is a pioneering technology company revolutionizing last-mile delivery and pickup. Founded by serial entrepreneur Dan O’Toole, Arrive addresses the evolving needs of autonomous drone and robotic delivery by unlocking the secure, seamless movement of goods and supplies between people, robots, and drones. The company’s smart Mailbox-as-a-Service platform and infrastructure solutions empower Autonomous Delivery Networks (ADNs) to operate more efficiently with secure and climate-assisted cargo space, smart alerts, and chain of custody. Capabilities are accessible in apps, APIs, and processes that help partners and customers get the most out of conventional carriers, couriers and ADNs. The company has raised more than $9 million from nearly 5,000 investors and forged strategic partnerships with many industry leaders. Learn more about Arrive’s innovative solutions at https://arrive.tech. 

SOURCE Arrive

The Strategic Acquisition of Beniva Adds to the Continued Growth and Expansion Strategy by SoftwareOne in North America

TORONTO, July 10, 2023 — Tequity, a leading North American M&A Advisory firm specializing in global Enterprise B2B SaaS, Cloud, and IT company transactions, acted as the exclusive financial advisor to Beniva Consulting Group Inc., a leader in IT operations management and ServiceNow advisory services in their acquisition by SoftwareOne Holding AG, a leading global provider of end-to-end software and cloud technology solutions.

Beniva Consulting Group is a leading provider in ServiceNow, Configuration Management Database (CMDB), IT and Operations Management (ITOM), and Cloud Advisory and Application Services. The strategic acquisition adds deep process automation and service management specialization to SoftwareOne’s existing market-leading IT Asset Management (ITAM) services.

“Tequity was the most competent and connected advisor we had met and worked with. We appreciated their professionalism as a sounding board through the expedited process we ran together and would not hesitate to recommend them to others of similar scale as Beniva” said Leonard Wiens, Founding Partner Beniva.

On the acquisition by SoftwareOne he added “SoftwareOne’s all-in-one cloud application strategy represents the most complete end-to-end vision in the market. We couldn’t be more excited to bring elite ServiceNow and workflow automation delivery to SoftwareOne’s clients across the globe.”

“Sometimes these types of transactions have a fast cadence to them when both parties sync quickly and that was certainly the case here. Wilf and I want to thank Len and his team for being able to run the business and still react promptly. One can see a great future for the SoftwareOne / Beniva combination!” said Alex MacKay, President and Wilf Rapp, Managing Partner, Tequity. 

Shadi Khoshab, Global Director, ITAM & Software Sourcing Services said, “We’re delighted to welcome Beniva and their team to SoftwareOne. They bring a wealth of ServiceNow knowledge, strong ITOM capabilities and they’re a fantastic cultural fit. We are already recognized as a market leader in ITAM and by adding Beniva to our organization, we will supercharge the way we support our clients, helping them achieve their software and cloud portfolio optimization goals.”

With this transaction, Beniva’s team of more than 75 cloud technology experts and its directors will join SoftwareOne and its rapidly growing software and cloud services practice. By helping its clients leverage the ServiceNow platform, Beniva has helped them save millions of dollars. This acquisition strengthens our services portfolio and organizational value proposition. Beniva’s service offering perfectly complements our own Software Sourcing and Portfolio Management services, building on our capabilities in both IT Service Management (ITSM) and IT Operations Management (ITOM). The acquisition significantly expands SoftwareOne’s portfolio of Software & Cloud Services, including application rationalization and portfolio management. This strengthens our high-quality delivery capabilities to serve our enterprise clients globally.

No financial details or transaction terms have been disclosed.

About Beniva Consulting Group

Founded in 2016 and headquartered in Calgary Canada, Beniva is a leading consultancy of professional and managed services, supporting blue-chip enterprise clients in United States and Canada. As an Elite ServiceNow partner, the company specializes in providing end-to-end professional services to clients seeking to leverage ServiceNow, a provider of workflow solutions and preferred vendor of enterprises moving to the cloud. See www.benivagroup.com 

About SoftwareOne

SoftwareOne is a leading global software and cloud solutions provider that is redefining how organizations build, buy and manage everything in the cloud. By helping clients to migrate and modernize their workloads and applications – and in parallel, to navigate and optimize the resulting software and cloud changes – SoftwareOne unlocks the value of technology. The company’s ~9,000 employees are driven to deliver a portfolio of 7,500 software brands with sales and delivery capabilities in 90 countries. Headquartered in Switzerland, SoftwareOne is listed on the SIX Swiss Exchange under the ticker symbol SWON. Visit www.softwareone.com

About Tequity

Tequity assists Enterprise B2B SaaS, Cloud, and IT companies with business growth and exit strategies. Our mission is simple: achieve the best outcome for our clients. With decades of combined experience as executives, consultants, and owners of software and technology companies, we leverage our deep industry knowledge across tech ecosystems and our relationships with strategic, growth-focused buyers around the globe to drive successful M&A transactions. Learn more at www.tequityadvisors.com.

Media Contact
Diane Horton
Managing Partner, Tequity Advisors
T: +1 416.993.1734 | [email protected]

SOURCE Tequity Advisors

NEW YORK, July 10, 2023 — TZP Group (“TZP”), a multi-strategy private equity firm, announced today its strategic investment in Trash Butler, LLC (“Trash Butler” or the “Company”), a leading national provider of tech-enabled doorstep valet trash and recycling solutions designed for multi-family apartment communities.

Founded by Omar Soliman and Nick Friedman and headquartered in Tampa, Florida, Trash Butler’s solutions enable residents to enjoy an eco-friendly amenity and an opportunity for a greener, more sustainable lifestyle. Trash Butler offers a value-added technology platform, professional and highly-trained team members and experienced leadership, rigorous quality control measures, and a strong commitment to providing the highest quality client experience and relationships.

“We were immediately impressed with Trash Butler’s strong track record of growth, excellent reputation for quality service, and exceptional management team,” said Erin Edwards, TZP Partner. “The Company’s unique value proposition for property managers, asset managers, communities, and residents, combined with their national footprint and scale creates significant opportunities for growth, and TZP is thrilled to partner with Nick, Omar, and the entire Trash Butler team for this next phase of expansion.”

“With TZP Group’s support, we look forward to building upon the well-established market position and excellent reputation that Trash Butler is known for,” said Trash Butler Co-Founder Nick Friedman. “We are excited to work with a partner that not only has deep experience in scaling high-growth businesses but also shares our core values and commitment to our culture, team members and clients.” Omar Soliman, Trash Butler Co-Founder added, “the Trash Butler team is very excited to partner with TZP Group for this next chapter in the company’s evolution and journey.”

Erin Edwards led the transaction for TZP with support from Ken Esterow, Choon Woo Ha and Nandu Mandalap. Greenberg Traurig LLP and Trenam LLP provided legal counsel to TZP and the Company, respectively. Lazard Frères & Co., LLC served as the financial advisor to Trash Butler for the transaction.

About Trash Butler

Trash Butler is the second largest doorstep valet trash and recycling amenity solution provider in the country, serving the multi-family apartment industry, student housing, and condo communities. They are a purpose-driven, values-based, socially conscious, tech-enabled, and results-obsessed enterprise that helps increase apartment asset NOI, asset values, and seeks to help make residents’ and property management’s lives easier. Learn more about Trash Butler at www.trashbutler.com

About TZP

TZP Group, a multi-strategy private equity firm managing approximately $2 billion across its family of funds, is focused on control, growth equity, and structured capital investments in consumer products and services, technology, and business services companies. Founded in 2007, TZP targets companies with solid historical performance and sustainable value propositions and aims to be a “Partner of Choice” for business owners and management teams. TZP seeks to invest primarily in closely held, private companies in which the owners desire to retain a significant stake and partner with an investor with complementary operating and financial skills to accelerate company growth, increase profitability, and maximize the value of their retained stake. TZP leverages its investment professionals’ operating and investment experience to provide strategic and operational guidance and is dedicated to long-term value creation. For more information, please visit www.tzpgroup.com.

For more media inquiries please contact:

Dan Gaspar, Partner, TZP Group | [email protected]

SOURCE TZP Group