CMG raises $25 mn in Series B funding from a roster of big banks

By Pavithra R

Capital Markets Gateway (CMG), a FinTech company modernising the equity capital markets (ECM) has announced that the company has received a strategic investment of $25 million from several leading financial firms including Barclays,Fidelity Investments, Goldman Sachs, Citi, J.P. Morgan, and Morgan Stanley as well as existing investors including Canaccord Genuity, Franklin Templeton, StageDotO, and Shea Ventures.

CMG is planning to use the investment to bolster the company’s growth and expand its solution to be the first ECM platform in the United States to provide digital connectivity between the buy-side and sell-side. Capital raising remains a time consuming and expensive process for every constituent involved. CMG’s platform addresses an otherwise fragmented and inefficient process through a standard solution that establishes a cohesive channel between ECM participants, providing transparency into deal flow.

“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. 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 optimise 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,” said Greg Ingram, CMG CEO and co-founder.

CMG’s current customers benefit from actionable intelligence through its existing products like DataLab, which includes streamlined workflow tools, real-time data, and analytics.

“CMG’s unique platform provides an efficient service in accessing the global capital markets. 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.” said Todd Sandoz, Interim Co-Head of Global Equities at Barclays.

Founded in 2015, Capital Markets Gateway (CMG) connects investors and underwriters via a neutral platform that delivers integrated ECM data and analytics, transparency, and workflow efficiencies. According to company data, the CMG platform is currently relied upon by nearly 100 buy-side firms representing $12 T in AUM and 15 investment banks.