Capital Markets Gateway (CMG), a FinTech specialising in equity capital markets, has secured a strategic investment of $25m from several financial firms.
The list of investors include Barclays, Citi, Fidelity Investments, Goldman Sachs, J.P. Morgan, Morgan Stanley, Canaccord Genuity, Franklin Templeton, StageDotO and Shea Ventures.
CMG will use the money grow and expand its solution to be the first platform of its kind in the US. The platform is developed to provide digital connectivity between the buy-side and sell-side.
The idea is that the platform will speed up the time-consuming process of raising capital by streamlining the process into a cohesive channel between equity capital markets participants and to provide transparency into deal flow.
CMG today supports roughly 100 buy-side firms representing $12trn in assets under management and 15 investment banks.
“It’s clearer now more than ever in the current environment that the way we do business today demands modern, agile, accessible, and transparent solutions – no matter where your desk is and no matter where your team members and partners are,” said Greg Ingram, CEO and co-founder of CMG.
“Companies access the capital markets to raise money that will ultimately drive expansion, innovation, and employment growth, which is why we have built an integrated capital markets platform that will optimize the deal flow process for all market participants. We are humbled by this tremendous validation from some of the top names in finance – all of whom share in our vision.”
Todd Sandoz, interim co-head of global equities at Barclays, added, “We have actively followed the company’s growth in recent years and are proud to support its mission to make transactions more efficient and less resource-intensive for the industry and for our clients. We look forward to its continued innovation in the space.”
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