The Belfast-based software supply chain security platform has raised a $72m Series C round led by TCV.
TCV
Venture CapitalTCV is a growth equity investor that has partnered with global technology companies for nearly thirty years, providing long-term capital and support to management teams.
Portfolio
4
companies
Investment by month
By category
- FinTech£670M
- Uncategorised£71.5M
By location
- London£670M
- Belfast£71.5M
Portfolio companies
Allica
Allica provides specialised business banking and lending services for established small and medium-sized enterprises.
Cloudsmith
Cloudsmith offers a cloud-native control layer for software artifacts and supply chain security.

WorldRemit
WorldRemit provides digital cross-border money transfer and payment services for international senders.

Zepz
Zepz provides digital cross-border money transfer services for individuals.
Team
John Doran
General Partner

Recent investments
Ventura Capital, GLG, and Sona AM led the financing round to support international growth and technology investments.
"Allica is a world-class business that is executing exceptionally well in a large, underserved market. Ventura is proud to be a major investor in Allica’s Series D, and we are ready to support this exceptional team’s next stage of growth into international markets."
The oversubscribed round was led by TCV with participation from Insight Partners and existing investors.
"The way software is built is fundamentally changing, making artifact management mission-critical for developers, cybersecurity professionals, and platform engineers alike. Enterprises need real-time observability, security, and control over their software supply chain. This new investment will help us to keep scaling up to meet the needs of the world’s largest and most complex organizations."
The round was led by Accel to support the company in growing its cross-border operations.
"We certainly saw it during COVID. We’ll see it when there’s an earthquake. We’ll see it when there’s geopolitical unrest in the country. More money will flow in because people get concerned about their families, about their communities, and that’s their time of need."
Farallon Capital led the Series E funding round, with participation from existing backers including Leapfrog, TCV and Accel.
"Today’s announced raise is another important step in the execution of our strategy. Following the acquisition of Sendwave we have made significant progress with the integration of the different businesses and are retaining both the Sendwave and WorldRemit brands. In that context we are proud to announce the rebranding of our holding Company to Zepz. The additional funds raised enable us to accelerate investment to prosecute our very sizeable growth opportunity whilst further strengthening our high-quality investor base and our mission to provide fair, fast, flexible payments for our customers"


