Growth Capital • Information Technology

Long Ridge Equity Partners Invests In TRUE

On August 10, 2021, growth capital firm Long Ridge Equity Partners invested in information technology company TRUE

Investment Context
  • This is Long Ridge Equity Partners’ 7th transaction in the Information Technology sector.
  • This is Long Ridge Equity Partners’ 19th transaction in the United States.
  • This is Long Ridge Equity Partners’ 4th transaction in New York.

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Investment Summary

Date August 10, 2021
Target TRUE
Sector Information Technology
Investor(s) Long Ridge Equity Partners
Deal Type Growth Capital

Target Company

TRUE

Forest Hills, New York, United States
TRUE helps businesses in enhancing operational efficiency by providing reliable, innovative document automation solutions. The company leverages its deep expertise in OCR, advanced data capture, and AI technologies to convert raw information into actionable insight, equipping knowledge workers with the means to drive business value faster and more intelligently. TRUE is based in Forest Hills, New York.
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Investor Overview 1

Investor

Long Ridge Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2007
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.


Deal Context for Investor #
Overall 21 of 25
Sector: Information Technology 7 of 8
Type: Growth Capital 14 of 18
State: New York 4 of 4
Country: United States 19 of 21
Year: 2021 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 AuthenticID

Kirkland, Washington, United States

AuthenticID is an identity verification technology company offering AI-powered solutions for fraud prevention, biometric authentication, and compliance. AuthenticID was formed in 2001 and is headquartered in Kirkland, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 SALI Fund Management

Austin, Texas, United States

SALI Fund Services is a provider of turn-key solutions for insurance dedicated funds. SALI Fund Services was founded in 2002 and is based in Austin, Texas.

Sell -