Capital Markets Gateway (CMG) raises $7.5 million in Series A Funding

BFSI News

Capital-Markets-Gateway-CMG-raises-7.5-million-in-Series-A-Funding Capital Markets Gateway (CMG) raises $7.5 million in Series A FundingCapital Markets Gateway (CMG), a financial services company specialized in integrated digital workflow and analytics platform offering, as per recent reports has raised $7.5 million investment in a Series A funding round.

The funding round was led by StageDotO, a venture capital firm headquartered in Seattle, and was participated by additional investors: Franklin Templeton, Shea Ventures and CMG co-founder & CEO Greg Ingram. After the recent Series A Funding, CMG, to date, has raised a total capital of $11 million.

Mike Self, General Partner at StageDotO, says, “There is a tremendous opportunity within capital markets to streamline processes that historically have been cumbersome and inefficient”. Adding further Self says, “CMG is filling a gap in the market with access to real-time data, analytics and communications functions that improve the speed and accuracy of decision-making.”

According to Greg Ingram, Mike Wilcox and Stamo Hadjiyski – CMG’s co-founders – the firm has come up with a solution to meet the current shortcomings of raising capital.

The solution features workflow management and real-time data analytics for market professionals throughout the capital markets trading life cycle – which includes asset managers, broker-dealers, and banks – to implement complete transparency and to improve connectivity among issuers, investors, and underwriters.

Also, speaking on this context, Greg Ingram, says, “This investment will enable us to scale our technology and accelerate new product initiatives to bring improved communication and connectivity to even more financial practitioners.”

And Ben Batory, SVP, head of Franklin Equity Group Trading at Franklin Templeton, says, “CMG understands the pain points of the capital raising process and has created a solution that eliminates inefficiency and improves collaboration.”