Dealflow Closes Million Dollar Convertible Note

Dealflow_homepage_Mar2016

Dealflow, the multi-asset, deal sourcing and marketing platform for institutional investors and their advisers, has closed a $1 million convertible debt offering.

In a blog post announcing the funding, Dealflow founder and CEO Steven Dresner credited Rule 506(c) for helping make the financing a reality. “It’s because of Rule 506(c)—and specifically the ability to advertise the deal—that I can present our investment opportunity to an active readership of about 11,000—with astonishingly high open rates, I might add!”

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Pictured: Dealflow Founder and CEO Steven Dresner demonstrated his company’s platform at FinovateFall 2015 in New York.

Dealflow’s technology helps buyers and sellers find deals among actively marketed private-placement opportunities. The company’s software enables investors to query Dealflow’s aggregated database, tracking deals using “recommendation-type” algorithms. The platform’s Signal technology leverages both user preferences and actual user history to provide more accurate and efficient results. Users can be alerted to changes in deals they are watching, forward deals to a colleague, read information about the management, watch video information, and so on.

During their Finovate appearance, Dealflow unveiled its Dealflow 2.0 technology including a new Dashboard feature that leverages Signal to aggregate the most relevant deals. For example, investors looking for potential fintech investments see a dashboard loaded with deals in that sector. At the same time, companies looking to raise capital are shown potential investors who have committed capital to similar projects.

Founded in 2013 and headquartered in New York City, Dealflow introduced its platform at FinovateFall 2015. The company has a number of financial services firms sourcing opportunities on its platform including Cantor Fitzgerald, Societe Generale, RBS, and Goldman Sachs.

Finovate Alumni News

On Finovate.com

  • “DealFlow Closes Million Dollar Convertible Note”
  • “Algomi Gains Investment, Strategic Advisory from Tom Glocer, former Thomson Reuters’ CEO”
  • “Prosper Marketplace Teams Up with HomeAdvisor to Improve Access to Home Improvement Financing”

Around the web

  • Misys FusionBanking Loan IQ goes live at Virtus Partners.
  • Top Image Systems launches its next-generation accounts-payable automation solution, eFLOW AP.
  • Blackhawk Network names Anil D. Aggarwal to its board of directors.
  • App Annie acquires app marketing data company, AppScotch.
  • Temenos again recognized by IBS Intelligence as best-selling core banking software provider.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • “Make Mine Meniga: Santander Selects a PFM Partner”

Around the web

  • First Tennessee Bank licenses digital banking platform from D3 Banking.
  • Nutmeg goes live with new back office courtesy of Babel Systems.
  • Canadian Innovation Exchange names TIO Networks as one of Canada’s 20 hottest and most innovative public tech companies.
  • Actiance releases expanded supervisory review capabilities for Alcatraz, its cloud-based archive for a broad range of communication channels.
  • Coinbase launches bitcoin price charts, international translations, and consolidated accounts.
  • Dealflow to launch Dealflow 2.0 in webinar next week.
  • Aberdeen Asset Management selects Markit to value hard-to-price assets for positions with limited market-data.
  • Developer reviews Authy’s two-factor authentication.
  • Motif teams up with U.S. Bank’s Ascent Private Capital Management to offer new digital tools to Ascent’s advisers.
  • Kantox partners with NoviCap to offer customers a stronger financial service.
  • Central Bank of Kansas City to issue Cachet’s prepaid cards.

This post will be updated throughout the day as news and developments emerge. You can also follow alumni news headlines on the Finovate Twitter account.

 

Dealflow Launches a More Efficient Way to Raise Capital

This post is part of our live coverage of FinovateFall 2015.

DealflowLogoDealflow showed a new way to raise capital:

We’re solving the largest problem in the business of raising capital with software that creates targeted outreach to investors based on preferences-data that we use to match investors with opportunities. Companies are increasingly reaching beyond their personal networks to raise capital. They’re using deal portals, social media networks, and a variety of investment databases to find investors. We make the process easier by putting everything in one place and by offering tools that make raising capital efficient.

Presenter: Dealflow CEO and founder, Steven Dresner (standing)

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Product Launch: September 2015
Metrics: Raised $2 million; 8 employees; 9,000 registered users
Product distribution strategy: Direct to consumer (B2C); direct to business (B2B); licensed

HQ: New York City, New York
Founded: April 2013
Website: dealflow.com
Twitter: @dealflow

FinovateFall Sneak Peek: Dealflow.com

DealflowHomepage

FF2015_logo_dateThe Sneak Peek series looks at the innovators demoing live onstage in front of 1,500 execs at FinovateFall. Get your tickets today and we’ll see you in New York, 16/17 September!

Dealflow.comDealflowLogo is building a deal portal for institutional investors and professional deal-makers.

Features:

  • Multi-asset class platform
  • Targeted algorithmic outreach
  • 9,000 applications for membership pre-launch

Why it’s great
It is solving the largest problem in the business of raising capital with software that creates targeted outreach to institutional investors.

DealflowPresenterPresenter

Steven Dresner, CEO
Dresner is founder and CEO of Dealflow.com and is responsible for corporate strategy; he has started, managed, and sold two successful companies.
LinkedIn

Finovate Alumni News

On Finovate.com

  • “FinovateFall 2015: Mapping Fintech’s International Neighborhood”

Around the web

  • Feedzai teams up with Socure to combine social biometrics with fraud-risk scoring. See Socure at FinovateFall 2015 in New York City next week.
  • Moven CEO Brett King joins the advisory board for Jumio.
  • Fiserv joins Visa, Citi, Nasdaq, and Capital One in $30 million funding of blockchain startup, Chain. Join Fiserv in New York City next week for FinovateFall 2015.
  • iSignthis confirms the adequacy of its KYC services for use by financial institutions in the U.S.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.