The credit-oriented fintech platform Liquidity Group, which funds later-stage expertise corporations, has introduced a brand new elevate of $775 million from non-public fairness home in Apollo and MUFG Financial institution.
In an announcement Ron Daniel, Co-Founder and CEO of Liquidity Group stated: “The brand new capital partnership with Apollo and the continued and profitable partnership with MUFG is a validation of our founding imaginative and prescient to make use of synthetic intelligence to remodel the capital markets.”
The spherical was led by funds and entities managed by associates of Apollo (NYSE: APO). The commitments embody $425 million from Apollo Funds for a credit score facility to assist Liquidity scale its lending exercise for late-stage expertise corporations. It additionally consists of $300 million from MUFG Financial institution (NYSE: MUFG), for a debt fund three way partnership named Mars Development Capital. This may now put money into late-stage tech corporations. Lastly, there’s additionally a $50 million SAFE observe funding by Apollo Funds, MUFG Innovation Companions and Spark Capital.
Based in 2018, Liquidity employs machine studying and real-time knowledge to automate the total credit score funding lifecycle, committing greater than $1 billion in capital. Investments up to now embody Etoro, Zetwerk and Homer.
Apollo Companion, Joshua Black, will even be part of Liquidity’s Board of Administrators.
Bret Leas, Apollo Companion and International Head of Structured Company Credit score & ABS stated: “Ron and his staff at Liquidity are connecting expertise debtors and credit score traders by way of an modern, data-driven ecosystem, and we stay up for working with them as they scale the enterprise.”
