Crosslake earned the 2024 Technology Due Diligence Provider of the Year at the 23rd annual Real Deals Private Equity Awards in London, earning the title for the second year in a row.
Crosslake’s team was recognized as the “clear winner” for their work with Lendscape, developers of technology that supports the management of more than $200 billion in annual lending. After Crosslake’s comprehensive technology review, Lendscape crafted a compelling tech story that helped secure funding from Bowmark Capital to finance their next stage of growth.
Michael Mayes, Managing Director at Lendscape, had this to say about the transaction preparation experience: “Crosslake’s team of highly skilled technologists were able to look at us through a commercial lens. This meant they were flexible and pragmatic, avoiding the ‘playbook’ approach we saw in other vendors. Their independent assessment of our current and future roadmap was important in shaping our equity story. They helped us understand the mindset of technology investors and how that would apply to looking at our business — and particularly, our technology.”
“It’s an honor to be named Technical Due Diligence Provider of the Year for the second time,” said Crosslake Managing Director, Neal Fiske. “This award reflects our team’s ability to create value for clients on both the buy-side and the sell-side. We are fortunate to have a community of talented practitioners with the deep technical expertise required to help businesses succeed — and we’re grateful for the clients who trust us with their challenges.”
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