NEW YORK, July 14, 2016 /PRNewswire/ --
BankerBay, the leading investment banking platform for M&A and Private Equity deals around the world, announced today the closing of a $2,000,000 convertible funding round. Participants in this round included investors from prior rounds as well as new high profile family offices and global leaders in the investment banking industry.
The latest financing round will support BankerBay's continued global expansion, solidifying its presence in major financial markets through the build out of sales, marketing and business development teams in London and New York. In a bid to meet current demand from the corporate and banking worlds, through a combination of strategic partnerships and organic growth, BankerBay will use the proceeds to fund further global expansion of its leading investment banking platform. This comes on the heels of accelerated growth in the first six months of 2016, when the company has seen increases between 250% and 300% in key metrics, including a huge increase in deal flow amid the continuing deterioration of conditions in the investment banking industry. BankerBay's growth underscores the relevance of Fintech and platform technology as essential tools in sourcing and distributing private equity and M&A investments around the world.
BankerBay's primary focus is the mid-market segment that involves transactions ranging from $10 million to $250 million in value. As of June this year, the platform had over 3000 live deals, including over 1,000 transactions in its highly regarded 'M&A Vault'.
"Leveraging technology is particularly important to help foster investment in the increasingly fragmented middle-market as the entire traditional investment banking industry continues to face mounting pressure, cutbacks and big reductions in budget," explains Romesh Jayawickrama, Founder and CEO of BankerBay. "We are extremely pleased and honored to have the continued support from an experienced group of industry leaders who have first-hand experience of the tectonic shift underway in the banking industry and recognize the tremendous potential for BankerBay to spearhead this exciting period of change."
BankerBay is a premium investment-banking platform that connects corporate seekers of capital with institutional providers around the world. BankerBay uses powerful proprietary technology to match corporate deals with capital wherever in the world it may be. Used by leading financial institutions, BankerBay is now the largest deal platform in the world. For more, visit BankerBay.
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