CTO Labs advises Nash Capital on investment in software business Clear21
CTO Labs are pleased to have supported Melbourne based private equity firm Nash Capital on their investment in software business Clear 21. We acted as Technical Diligence Advisor to Nash Capital which included Technology & AI Due Diligence with disruption risk a particular focus.
CTO Labs are pleased to have supported Melbourne based private equity firm Nash Capital on their investment in software business Clear 21 as it heads towards accelerated global expansion and further AI innovation in the automotive sector.
A focus is Clear 21’s flagship product iBodyshop, a specialist repair estimating, planning, administration and accounting software platform helping to streamline workflows and drive efficiency for more than 1500 collision repair businesses across Australia and New Zealand.
This is the second investment from the Nash Growth Fund and builds on Nash Capital’s deep expertise in the automotive sector. It is designed to help scale Clear 21 operations globally and drive wider sector AI adoption.
CTO Labs acted as Technical Diligence Advisor to Nash Capital which included Technology & AI Due Diligence with disruption risk a particular focus. The CTO Labs team worked closely with both the Nash and Clear21 teams to provide commercially based technical insight at deal speed.
The CTO Labs Team included Joshua Hinton, Mike Mengell and Kelly Benson.
Jonathan Hoe, Nash Capital Associate Director said "The technical due diligence conducted by CTO Labs was outstanding. Their deep understanding of software architecture, scalability, and product roadmap gave us the clarity and confidence we needed to move forward with our investment in Clear21. Their insights and recommendations were thorough, actionable, and instrumental in shaping our investment strategy," he said.
Joshua Hinton, CTO Labs M&A Director said “We are pleased to have supported Nash Capital on their investment in Clear 21, and we wish the team well on the next phase of global acceleration and innovation including through the iBodyshop platform. Congratulations to Nash and Clear 21” he said.
CTO Labs is a specialist AI, Technology M&A and Advisory consultancy that provides transparent technical advice in a way that executives can consume, understand, and make decisions from. We advocate to include technology in the boardroom and executive corridors as a method for driving innovation and awareness of the possibilities that technology can bring.
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