TMC Fund partners with Andromeda in Austin, Sept 2024

On September 6, 2024, in Austin, Texas, The Mortgage Collaborative (TMC) announced a significant partnership with Andromeda, a division of the Perseus Operating Group under Constellation Software, Inc. This collaboration marks the first corporate partnership for the TMC Emerging Technology Fund LP, which is dedicated to investing in the mortgage technology sector. Bonnie Wilhelm, CEO of Andromeda, expressed enthusiasm for the partnership, highlighting the alignment of TMC's industry expertise with Andromeda's commitment to innovation and growth in mortgage technology. The TMC Emerging Technology Fund LP aims to leverage the insights and resources of its Limited Partners, who are technology-forward lenders, to identify promising investment opportunities within the mortgage industry. Sandy Selman, General Partner of the Fund, emphasized the importance of this partnership in enhancing their investment capacity and strategic decision-making. The collaboration is expected to facilitate smart investments in companies that are poised to shape the future of lending. Andromeda's long-term approach focuses on empowering management teams to achieve sustainable growth, which aligns with TMC's goal of fostering collaboration and innovation among its members. This partnership is anticipated to strengthen the Fund's ability to navigate the rapidly evolving mortgage landscape and support the development of technologies that can significantly impact the industry. Overall, this partnership represents a strategic move for both organizations, aiming to drive innovation and growth in the mortgage technology sector, ultimately benefiting the broader lending community.