CHICAGO and SYDNEY, March 21,
2018 /PRNewswire/ -- Ansarada, a global business
readiness platform provider, today announced it has raised
$18 million USD in Series A funding
to accelerate expansion in the United
States and EMEA. With this investment, Ansarada will meet
surging demand for its Material Information Platform (MIP) that
enables businesses and their advisors to improve ongoing operations
and eliminate risks, while supporting superior outcomes during
business-critical events such as M&A, capital raises and
audits. This capital raise was led by Ellerston Capital, alongside
Tempus Partners, Belay Capital and Australian Ethical Investments.
All advisory fees from the deal will be donated to charity projects
in Uganda and Nepal via Adara Partners.
"Ansarada has grown fast to become the go-to platform for
companies in executing their most important transactions, like
mergers and acquisitions," said David
Leslie, investment director of Ellerston Ventures.
"Ansarada's new innovations and products build on their impressive
experience to deliver value to any company in the world.
Ellerston's investment will help Ansarada capitalize on the global
demand for their solution, and accelerate the company's pace of
product innovation."
Ansarada recently launched its AI-powered MIP to empower
advisors, investors and companies to unify critical information
scattered across silos and provide a complete overview of business
performance. Ansarada's user-friendly technology then harnesses the
power of machine learning to identify risks and opportunities and
generate unique insights from more than 20,000 business-critical
events worth over $2 trillion.
Companies using MIP gain an advantage in their biggest events,
while the holistic view enables them to improve ongoing operations
across the business.
"Ansarada's high-value products enable companies to
significantly enhance how they manage critical corporate
information around material events," said Alister Coleman from Tempus Partners. "In an
increasingly global environment, where data and information
security is paramount, Ansarada enables companies to optimize and
share their most important information securely. Tempus Partners is
excited to back a great founding team as they plot Ansarada's next
wave of product development and global growth."
For this capital raise, Ansarada has adopted an innovative model
that donates all advisory fees to benefit people in extreme
poverty. Through a groundbreaking partnership with Adara Partners,
hundreds of thousands of dollars in fees will directly support
vulnerable communities in Nepal
and Uganda with health, education
and other essential services. Ansarada has been working with Adara
for years, and has pledged one percent of its equity, time and
product to support the group's acclaimed international development
work.
"Global titans from Google to PwC have seen first-hand how
Ansarada technology unites information and artificial intelligence
to help business flourish," said Sam
Riley, CEO of Ansarada. "Ansarada is honored to team up with
some of the biggest names in dealmaking to help more companies
seize opportunities in today's fast-moving market. This spirit of
innovation has also influenced our breakthrough donation model for
corporate advisory services that delivers help to those who need it
most and can inspire professionals to serve a greater purpose."
About Ansarada
Ansarada is leading a new category of business readiness to help
companies and their advisors significantly enhance their efficiency
and performance. Ansarada's platform harnesses the power of AI to
help companies thrive amid their most important business events,
such as mergers and acquisitions, fundraising, tenders and IPOs.
Customers include some of the biggest companies and strategic
advisors in the world, from Google, VMWare, CBRE and Sony to PwC,
KPMG and Baird Capital. Ansarada is based in Sydney, Australia, with offices around the
world. Learn more at ansarada.com.
Contact:
Matt Stewart
ansarada@methodocmmunications.com
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SOURCE Ansarada