US-based financial deals facilitator Capital Markets Gateway (CMG) secured $25m yesterday in a round featuring homebuilder JF Shea’s corporate venturing unit, Shea Ventures, as well as an assortment of banks.
Financial services firms Barclays, Citi, Goldman Sachs, JP Morgan and Morgan Stanley joined investment and financial services group Fidelity, Canaccord Genuity, Franklin Templeton and StageDotO in the round.
CMG provides a cloud-based equity capital markets platform that connects equity investors with underwriters while also supplying data and analytics on the markets. It intends to now position itself to digitally connect capital markets buyers and sellers.
Todd Sandoz, Barclay’s interim co-head of global equities, said: “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.”
StageDotO had previously led a $7.5m series A round for CMG in March 2019 that included Shea Ventures, Franklin Templeton and CMG co-founder and chief executive Greg Ingram, taking its total funding to $11m.
