Deposify flipped by private equity firm in multimillion-dollar deal

Insuretech firm is sold on by Sunriver Ventures just 11 months after it was acquired

Jon Bayle, co-founder and chief executive, Deposify: ‘We founded Deposify with a goal of bringing cash deposit collections, refunds and compliance out of the Stone Age.’ Picture: Fergal Phillips

Deposify, an Irish-founded ‘escrow-as-a-service’ company that was acquired by the US private equity firm Sunriver Ventures earlier this year, has been quickly sold on in a multimillion-dollar deal.

Founded by Jon Bayle and Dave Brennan in 2014, Deposify is a platform that allows landlords and tenants to manage and control how and when rental deposits are paid, and to resolve deposit-related disputes quickly.

The Dublin-headquartered but US-focused company was bought by Dallas-based Sunriver for an ...