Altered Capital becomes significant investor in ZILO™

London, 10 October 2024: ZILO™, the UK-based technology company specialising in transformational Software as a Service, is pleased to announce that Altered Capital (‘Altered’) has become a significant shareholder in ZILO™.

Altered has acquired a 6.5% stake from several early, seed investors in ZILO™. The acquisition by Altered represents further endorsement of ZILO™ on its trajectory to become a key transformational technology provider to the global asset servicing industry and beyond.  

Altered is a global venture capital and private equity firm dedicated to helping companies with proven product-market fit achieve their greatest ambitions. The firm boasts a strong portfolio of technology investments, including Starling Bank a UK-based digital bank. Altered was an investor in Palantir Technologies through its transition to a publicly listed company. The full portfolio is available at: https://www.alteredcapital.com/portfolio

 ‘I am delighted to have Altered Capital as a new shareholder in ZILO™. Altered is well known for their successful involvement in high growth technology companies, and we appreciate their confidence in ZILO™ and our mission to enable operating model transformation at our clients’. 

Phil Goffin, Founder and CEO of ZILO™

‘ZILO™ has a best-in-class technology platform and a highly respected management team. In a short space of time, ZILO™ has established an excellent reputation in the financial services sector, where its innovative solutions enable growth and differentiation for clients. We are excited to be a partner in ZILO™‘s growth and a strong advocate as it expands into new markets.’ 

Marcus Traill, one of the Founding Partners of Altered Capital

‍Altered joins other investors in ZILO™ including Fidelity International Strategic Ventures, Portage, State Street Corporation and Citi who participated in the £25 million oversubscribed Series A funding round in January 2024, and direct investors from ZILO™’s own employee base and its management.

About ZILO™

Incorporated in the UK in April 2020, ZILO™’s mission is to innovate and deliver transformative software solutions, reducing cost, complexity and creating sustainable value for global businesses and the customers they serve. To achieve this, ZILO™ started with a clean slate, a design-driven approach, and a commitment to put people first. ZILO™’s software enables firms to replace legacy software and end-of-life systems, many of which were developed 20+ years ago and leapfrog to a real time, digital user experiences capable of delivering innovation in any sector. For more information, visit www.zilo.co.uk

About Altered Capital

Altered is a global venture capital and private equity firm. Altered backs companies with proven product-market fit to achieve their greatest ambitions by supporting teams pursuing rapid growth through expansion, innovation, and acquisitions