$60.0M
Apax Digital Funds led the minority investment, which will fund North American expansion and product development.
AD
Apax Digital
Venture CapitalApax Digital Funds is the growth equity arm of Apax Partners.
Portfolio
4
companies
Investment by month
By category
- Uncategorised£175M
- FinTech£117M
- AI/ML£30.0M
By location
- London£322M
Portfolio companies
ClearBank
ClearBank operates a cloud-native clearing and embedded banking platform.
F
Faculty
Faculty provides artificial intelligence software and services to help organisations make data-driven decisions.
M
MillTech
MillTech automates foreign exchange treasury and cash management for businesses.
Tide
Tide provides digital banking services for small businesses.
Team
MB
Mark Beith
Partner
Mark is a partner at Apax Digital. He also holds board and committee positions across several companies, including Xeneta and Greytip Software.
LinkedIn
Niccolò Ferragamo
Principal
Niccolò brings investment and board experience from roles at Heritage Holdings, Apax, and McKinsey. He serves on the boards of Ferragamo and Nautor Swan.
LinkedIn
Niccolo Ferragamo
Principal
Niccolo brings investment experience from Apax Digital, alongside board roles at Heritage Holdings, Ferragamo, and Nautor Swan. He previously held investor and board observer roles at Tide and ClearBank.
Recent investments
£175M
Apax Digital led a £175m growth equity investment in ClearBank to accelerate international expansion and broaden its product range.
"ClearBank is the first proven and fully regulated cloud-native clearing bank in the UK for over 250 years. Over the last five years we have demonstrated the success of our business model and through our work with leading financial service providers, helped to both unlock their potential and bring about positive and meaningful change for UK businesses and consumers."
Apax Digital + 2 others
£72.0M
Apax Digital led the oversubscribed round, which values the business at over $650m.
"Partnering with Apax Digital validates Tide’s potential to continue our growth trajectory and gain traction in global markets."
Apax Digital + 5 others
£30.0M
The investment from Apax Digital Fund will support international expansion and the creation of over 400 new jobs.
"It’s an incredibly exciting time for artificial intelligence, and for Faculty in particular. Too many organisations haven’t been able to realise the value of AI, because they haven’t had the tools to integrate it successfully into their business. Customers are rightly demanding high performance technology to unlock the power of data and maximise impact. Faculty can help elevate an organisation’s performance, whether this enables better operational decisions, or increasing ROI. Apax’s expertise and global network means we will continue to grow at pace, bringing the power of AI to even more customers, helping them to make effective, robust decisions with real-world impact."