Transparency Analytics, a financial benchmarking business focused on private credit, completed its second funding round, led by Deciens Capital. Allianz Life Ventures, the corporate venture arm of Allianz Life Insurance of North America; Mouro Capital; FJ Labs; SUM Ventures; and Core Innovation Capital also participated in the round. Financial terms of the private transaction were not disclosed.
“We are extremely proud to welcome this outstanding group of investors, including Deciens Capital, who is known for their focus on digital transformation, and Allianz Life Ventures, which is part of Allianz SE, one of the largest companies, insurers and asset managers in the world,” Michael Brawer, CEO of Transparency Analytics, said. “We offer a differentiated model with the goal of providing highly transparent ratings at a time of heightened concern among market participants about the potential for elevated private credit risk in largely illiquid debt securities.”
Daniel Kimerling, founder and managing partner at Deciens Capital, said, “We believe Transparency Analytics is poised to digitally transform the traditional, opaque credit ratings process with their next-generation, technology-enabled quantitative private debt ratings analysis. Through application of their model, ratings can be provided in a timely fashion without sacrificing accuracy, to deliver a new level of transparency that will allow lenders to act with confidence.”
Transparency Analytics’ team will use proceeds from the investment to scale its tech-enabled platform, refine go-to-market strategies and develop innovative financial benchmarking solutions, such as its private credit index.
“Michael and team have built a new technology-enabled way to score private credit risk and we can’t be more excited to be backing them,” Jeff Weinstein, partner at FJ Labs, said.
“We’re thrilled to back Transparency Analytics once again after participating in the first funding round,” Chris Gottschalk, general partner at Mouro Capital, said. “The team has made tremendous progress, and their approach has received a positive reception from a number of financial institutions as they work toward the goal of NRSRO designation with the Securities and Exchange Commission.”
