BankerBay Closes Latest Investment Round to Fund Continued Global Expansion
NEW YORK, July 13, 2016
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, during which time the company has seen increases of between 250% and 300% in its key metrics, including a huge increase in deal flow amid the continuing deterioration of conditions in the traditional investment banking industry. BankerBay’s continued growth underscores the increasing importance and 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 global mid-market segment that involves deals and investment opportunities ranging from $10 million to $250 million in transaction value. As of June of this year, the platform has over 3000 live deals, including over 1,000 transactions in its highly regarded “M&A Vault”. In just 2016 (year-to-date), BankerBay has received transactions worth over $40 billion for approval, which constitutes more than the deal value for all of 2015. These transactions are distributed fairly evenly across North America, Western Europe, Asia-Pacific, and Emerging Markets. BankerBay subscribers have access to this pre-verified and curated inventory of live, institutional quality deals, where its platform technology matches detailed deal characteristics with similarly detailed investment criteria of thousands of funds around the world.
Since its inception in 2014, BankerBay has introduced deals worth over $53 billion in private equity funding, project finance and mergers & acquisitions and real estate transactions. At the start of this year, BankerBay launched a dedicated platform to facilitate real estate transactions ranging from mixed developments, to hospitality, commercial and more. In just over six months, the new platform has attracted institutional quality transactions worth over $7 billion and is growing at a stellar pace.
“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 qualified corporate seekers of capital with institutional providers of capital around the world. BankerBay uses powerful proprietary technology to match private corporate deals with the most appropriate capital wherever in the world it may be. Used by leading financial institutions across North America, Western Europe, APAC, Latam and MENA, BankerBay is now the largest deal platform in the world.