ABN Amro Acquires Stake In Data Technology Start-Up05.17.2019
ABN AMRO Digital Impact Fund is acquiring a stake in Tealium, a US technology firm. Tealium is a customer data orchestration solution that provides enterprises with a single view of their customers, serving as a secure central point of management across the entire data supply chain. Using Tealium’s platform, companies are able to serve their clients ever better, and this stake reflects ABN AMRO’s goal to amaze clients with personal and relevant services across all channels.
Hugo Bongers, Director of ABN AMRO Digital Impact Fund (DIF), comments: “This investment fits in neatly with our strategic pillar ‘reinventing the customer experience’ and enhances our data capabilities. We’re impressed by Tealium’s experienced senior management, its products and services, as well as its hands-on shareholders. The investment should also create an opportunity for us to learn from other markets in which Tealium operates alongside financial services.”
ABN AMRO is a client of Tealium’s. By getting on board as an shareholder, it will gain immediate access to the company’s ecosystem of investors, including Silver Lake, Bain Ventures, Battery Ventures and Citi Ventures
As Tealium is a more mature while at the same time rapidly growing company, this investment will contribute to a healthy diversification of the ABN AMRO Digital Impact Fund portfolio.
The ABN AMRO Digital Impact Fund invests in innovative start-ups and scale-ups specialising in the digitalisation of financial products and services. The EUR 50 million fund has stakes in Tink, BehavioSec, solarisBank, Ockto and Crosslend, and previously invested in Cloud Lending Solutions (from which it exited in 2018).
Source: ABN Amro
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