Artis general partner Stuart Peterson said the firm was confident in its investment because of Crediwatch’s commitment to addressing the gaps in the digital lending space, adding that the firm was positioned to leverage the failure of conventional credit rating and underwriting methods through their technology. Crediwatch, which was founded in 2013, is a data insights-as-a-service company that provides businesses and lenders with credit intelligence that allows them to increase and improve their trading activity. It provides its solutions for financial institutions, enterprises as well as legal and private equity firms, according to its website.
Stuart Peterson and the small team at Artis Ventures have parlayed success as early investors in YouTube into backing startups in the storage, consumer tech and health sectors. While Artis invests money it raises from limited partners, Peterson and the other partners at the firm are its biggest investors. In addition to YouTube, Artis' investments include Palantir Technologies, Data Domain, Practice Fusion, Silver Spring Networks, Nimble Storage and Aruba Networks.