Investment Summary

Darco Capital Invests In Cred.ai

On August 13, 2020, family office Darco Capital invested in financial services company Cred.ai

Investment Highlights
  • This is Darco Capital’s 1st transaction in the Financial Services sector.
  • This is Darco Capital’s 1st transaction in the United States.
  • This is Darco Capital’s 1st transaction in Pennsylvania.

Investment Summary
Date 2020-08-13
Target Cred.ai
Sector Financial Services
Investor(s) Darco Capital
Deal Type Venture

Target

Cred.ai

Philadelphia, Pennsylvania, United States
cred.ai is a bank alternative issuing next-generation credit cards and deposit accounts layered with proprietary technology that protects consumers against fraud, debt, fees, and inconvenience. cred.ai was founded in 2016 and is headquartered in Philadelphia, Pennsylvania.

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Investor(S) 1

Investor

Darco Capital

Investor

Category Family Office
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Darco Capital is a family office focused on alternative investments on behalf of entrepreneur David Adelman. The Firm principally seeks opportunistic investments in technology and consumer oriented companies throughout the US. Darco Capital is headquartered in Philadelphia, Pennsylvania.

DEAL STATS #
Overall 1 of 3
Sector (Financial Services) 1 of 1
Type (Venture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 VIDE Beverages

New York, New York, United States

VIDE Beverages use real vodka, carbonated water and natural fruit flavor to deliver a light, refreshing and convenient vodka soda. VIDE Beverages was founded in 2019 and is based in New York City.

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