Fundings

NICE Funding! CallVU Raises $3 Million

NICE Funding! CallVU Raises $3 Million
By David Penn Posted on
Categories: CallVU, Funding, Fundings, NICE Systems

CallVU_homepage_June2016

In a round led by Liberty Global Ventures and featuring the participation of fellow Finovate alum NICE Systems, CallVU has raised $3 million in new funding. The investment is the second major capital infusion for the digital engagement platform developer since its undisclosed seed round in 2012.

Joining the round were AfterDox Angel Investment Group and 2B Angels. Tuval Lava, CallVU’s president and chairman of the board, said the funds would help the company improve its technology and grow internationally. “The fact that such a distinguished group of leading international investors have made such a commitment to CallVU illustrates the potential they see in the field of mobile digital engagement in general and in CallVU in particular,” Lava said.

CallVU_stage_FS2016

Pictured (left to right): Amitai Ratzon, VP global sales, and Assaf Frenkel, VP, product & marketing, demonstrated the CallVU Mobile Digital Engagement platform at FinovateSpring 2015 in San Jose.

In partnering with NICE Systems, CallVU plans to develop a “joint go-to-market approach” that will help the company expand. The plan includes new offices around the world and hiring sales, product management, software development, and marketing talent. To this end, NICE Systems EVP for Corporate Development Eran Liron highlighted the multiple use-cases for CallVU’s technology. “CallVU Mobile Digital Engagement platform helps financial service organizations and telecom operators, as well as health, travel, and retail companies, advance their digital transformation and contact centers’ optimization strategies a step further,” Liron said.

Lead investor, Liberty Global Ventures, is the investment arm of global cable-giant Liberty Global. The fund invests in both early- and late-stage companies, typically committing $2 million to $20 million, and operates in 14 countries. Liberty Global Ventures’ portfolio features 29 startups (as of December 31, 2015) working in wireless HD video delivery, virtual video technology, and interactive commerce and merchandising, among other fields.

Founded in 2012 and headquartered in Tel Aviv, Israel, CallVu demoed its Mobile Digital Engagement solution at FinovateSpring 2016. The company was named a Cool Vendor in CRM Customer Service and Support in Gartner’s 2016 report. CallVU was featured in our look at fintech in Israel last week. Ori Faran is CEO.

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New Investment in Personal Capital Takes Valuation to $500 Million

New Investment in Personal Capital Takes Valuation to $500 Million
By David Penn Posted on
Categories: Funding, Fundings, Personal Capital

PersonalCapital_homepage_May2016

Courtesy of a Series E round led by IGM Financial, digital wealth management giant Personal Capital picked up an investment of $50 million now, with another $25 million coming in 2017. The new capital takes the company’s valuation to $500 million.

Calling IGM Financial “the ideal investor,” Personal Capital CEO Bill Harris said his company would benefit from IGM Financial’s “expertise in financial advice and asset management.” Harris added that the partnership with IGM Financial would help his company meet the growing demand for Personal Capital’s digital wealth-management services.

PersonalCapital_stage_FS2014

Pictured (left to right): Personal Capital’s Jim Del Favero, chief product officer, and CFO Bill Harris demonstrated their platform’s One Click Investment Proposals at FinovateSpring 2014.

In the same statement, IGM President and CEO Jeff Carney praised Personal Capital’s veteran management. “We believe the financial advisory landscape will be enhanced by the type of service that Personal Capital provides,” Carney said. “We’re delighted to be backing the leader in digital wealth management.”

Personal Capital uses a hybrid approach of online technical tools and personalized advice to give average investors the same kind of service historically enjoyed by the high-net-worth clients. “Our approach allows people not only to manage their entire financial life through the mobile devices they carry in their pockets, but also to receive a level of personalized advice previously available only to the ultra-wealthy,” Harris explained. Personal Capital manages $2.4 billion in investments for more than a million investors.

In addition to management, Personal Capital offers investors free resources to help them manage their investments better. These solutions include a dashboard that lets investors see all their investment accounts in one place, as well as a Fee Analyzer and Investment Checkup. For fund management, Personal Capital charges a flat fee based on the percentage of assets managed, starting at 0.89% for the first million.

Founded in 2009 and headquartered in Redwood City, California, Personal Capital demonstrated its technology at FinovateSpring 2014 and presented at FinDEVr San Francisco 2015. The company surpassed $2 billion in assets under management in March, and lowered its investment minimum from $100,000 to $25,000 back in November.

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Tagit Locks in More than $8 Million in New Funding

Tagit Locks in More than $8 Million in New Funding
By David Penn Posted on
Categories: Funding, Fundings, Tagit

Tagit_homepage_May2016

Mobile technology solutions provider Tagit has raised $8.75 million (S$12 million) in funding from Japanese IT specialist, SRA Group. The investment will help both companies grow their market exposure in Asia. Tagit is headquartered in Singapore and was founded in 2004.

Tagit CEO Sandeep Bagaria said the investment would help speed growth in sectors like digital banking and “Smart City” technology. In addition to leveraging the partnership to pursue opportunities in Japan and North Asia, Tagit plans to use the financing to add to its staff in Malaysia and Indonesia.

Tagit_stage_FA2012

Pictured (left to right): CIO Parikshit Paspulati and CPO Neelima Subramanyam demonstrated Mobeix Open Platform at FinovateAsia 2012 in Singapore.

Tagit builds open-architecture, mobile banking and ecommerce platforms for FIs and other businesses. The company’s signature solution, Mobeix is a mobile middleware platform that helps migrate web-based services to the mobile environment. With customers including Axis Bank, Citibank India, Maybank Singapore, and the Royal Bank of Canada, Tagit demoed its technology at FinovateAsia 2012 in Singapore. Tagit was recognized as a “leader” by Forrester in their Q4 2015 Mobile Banking Solutions report, and was one of the first companies to be accredited by the Accreditation@IDA programme sponsored by the Infocomm Development Authority of Singapore (IDA).

Deal Street Asia’s analysis of the deal suggested that SRA Group’s investment in Tagit was part of a trend of Japanese companies preferring investment in Southeast Asia over China. The article cited a 2014 report that cited Japan as the second biggest investor in the 10 ASEAN nations for the previous three years, a sum that was triple the amount invested in China over the same time. The investment was made via SRA Group’s Singapore subsidiary, SRA IP Solutions (Asia Pacific) Pte Ltd.

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Vera Reels in Strategic Investment; Adds Former Veritas CEO & Founder to Board

Vera Reels in Strategic Investment; Adds Former Veritas CEO & Founder to Board
By David Penn Posted on
Categories: Funding, Fundings, Vera

VeraSecurity_homepage_May2016 What a week for Vera! Within hours of the data security startup’s Finovate debut, the company announced that it had landed a strategic investment from Capital One Growth Ventures. The investment adds to Vera Security’s oversubscribed Series B round, taking the company’s total funding to $35 million.

The Series B was led by Sutter Hill Ventures, with existing investors Amplify Partners and Battery Ventures also participating. Vera_MarkLeslie

The funding news comes with word that former Veritas Software founder, chairman, and CEO, Mark Leslie (pictured right) will join Vera’s board of directors. A 30-year veteran of the Silicon Valley technology scene who served as president and CEO of Synapse Computer and Rugged Digital Systems in the 1980s, Leslie called Vera a leader among a “new class of security startups working  globally to secure data in a completely new way.”

Speaking for Capital One Growth Ventures, Adam Boutin praised Vera’s “elegant solution for securing data through its entire lifecycle” that avoids compromising access, control, or transparency. “We are thrilled to invest in Vera and have been impressed with their team and their ability to build a solution that balances complex functionality with ease-of-use,” Boutin said.

With more than a quarter-of-a-million users at Fortune 500 companies in verticals ranging from finance to manufacturing to entertainment, Vera specializes in providing data protection and encryption that both tracks and secures digital content across apps, devices, users, and platforms in real-time. Emerging from stealth just over a year ago, Vera was a finalist in the RSA Conference Innovation Sandbox Contest in February, the same month the company was named one of the 20 coolest cloud security vendors of the 2016 Cloud 100 by CRN. Also in February, Vera teamed up with Richard Fleischman and Associates (RFA) to provide U.S. hedge funds, private equity firms, and asset managers with its advanced data security technology. Vera unveiled its cloud-based IRM-as-a-Service (Information Rights Management-as-a-Service) platform in March, enabling businesses to “protect and manage access to any data generated by custom-built business applications.”

Led by CEO Ajay Arora, Vera demonstrated its data security technology at FinovateSpring 2016. The video of the company’s demo will be available soon.

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Zooz Raises $24 Million in its Largest Funding

Zooz Raises $24 Million in its Largest Funding
By David Penn Posted on
Categories: Funding, Fundings, Zooz

Zooz_homepage_May2016

In a round led by Target Global Ventures, Israeli payments technology innovator Zooz  just raised $24 million in new capital. The investment takes the company’s total funding to more than $40 million and will enable Zooz to accelerate growth, build and develop new products, and expand in both existing and new markets.

In thanking both new and current investors, Zooz CEO Oren Levy said that the growing interest on the part of merchants is playing a key role in driving adoption of new payment technologies. “Retailers now understand the need for smart payment platforms that can help them expand into new markets quickly and cost-effectively,” he said, “and that is where we excel.”

Zooz_stage_FF2013

Pictured (left to right): Peter Donarski, senior executive, First Data, and Noam Inbar, VP business development at Zooz, demonstrated Zooz Transforming Checkout at FinovateFall 2013.

Saying that Zooz is in the right place at the right time to take advantage of the growth in the global payments market, Target Global Ventures’ general partner Shmuel Chafets praised the way the Zooz platform “optimizes and simplifies the payments process, meeting a crucial industry need that will only increase.” The round also featured participation from new investors Fang Fund, iAngels, and Kreos Capital, as well as existing investors Blumberg Capital, lool ventures, Rhodium, Claltech, XSeed Capital, and CampOne Ventures, as well as angel investor Eilon Tirosh.

Since the company’s last funding round in the summer of 2014, Zooz added offices in London, Berlin, and San Francisco and increased headcount by 50%. In April, Zooz integrated eCommerce, CRM, ERP and other technologies from Nodus Technologies into its platform, one month after announcing support for Android Pay. The company added Chester Ritchie, formerly of Worldpay, as its new EVP of sales and development in February. Ritchie spoke about Zooz’s payment technology in a company profile for The Green Sheet in April.

Founded in 2010 and headquartered in Raanana, Israel, Zooz demonstrated its Transforming Checkout solution at FinovateFall 2013.

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Where Are They Now? FinovateSpring Alums Raise More than $326 Million in a Year

Where Are They Now? FinovateSpring Alums Raise More than $326 Million in a Year
By David Penn Posted on
Categories: Aurora Financial Systems, Cloud Lending, Credit Sesame, CUneXus, Currency Cloud, Dealstruck, DriveWealth, Emailage, Finicity, Funding, Fundings, itBit, Kabbage, Karmic Labs, LendKey, LoanNow, Malauzai Software, Moven, Onovative, Prairie Cloudware, StockViews, Trizic, Trulioo, Vouch, Yodlee

FS2015_overheadview

Last week we took a look at what the alums of FinovateSpring 2015 have been up to in the year since they demoed on the Finovate stage. Today, we’re focusing on the funding.

All $326 million of it.

Of the 72 companies that demoed at FinovateSpring 2015 in San Jose last year, 21 of them had raised capital within a year. Kabbage’s raise of $135 million certainly stands out. But the $25 million investment picked up by itBit in May of last year, as well as the $15 million raised by Trulioo and the $12 million raised by Moven were also major contributors to a strong fundraising performance from the Class of FinovateSpring 2015. And this doesn’t even include companies such as Yodlee, which was acquired by Envestnet for $660 million, or Aurora Financial Systems, bought by fellow Finovate alum, Finicity, for an undisclosed sum.

March 2016

January 2016

Dec 2015

October 2015

September 2015

August 2015

  • [M&A] Holy Yodlee! Envestnet to Buy Yodlee for $660 Million – video

July 2015

June 2015

May 2015

——-

FinovateSpring 2016 is less than a month away. Pick up your tickets today and save your spot at our upcoming spring conference in San Jose, California.

 

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$656 Million Raised by 32 Alums in Q1 2016

$656 Million Raised by 32 Alums in Q1 2016
By David Penn Posted on
Categories: Funding, Fundings

moneybag_goldcoinsFor the third year in a row, Finovate alums raised more than $600 million in equity and debt financing in the first quarter. The tally for 2016 is likely higher than the reported $656 million in combined equity and debt given that five fundraising amounts were undisclosed.  The total was more than double the $303 million recorded in Q4 2015. 

The first quarter of 2016 demonstrates that investor interest in fintech in general and Finovate alums in specific remains robust, if not growing.

Previous Quarterly Comparisons

  • Q1 2016: $656 million raised by 32 alums
  • Q1 2015: $680 million raised by 29 alums
  • Q1 2014: $600 million raised by 23 alums
  • Q1 2013: $155 million raised by 15 alums

Looking at the alumni deals, a tip of the hat to Betterment, whose $100 million funding in March was the largest capital infusion of the quarter.Also deserving mention were Pindrop Security, which raised $75 million, and AppAnnie, which raised $63 million, both in January. The 1o largest equity investments totalled $412 million, or 62% of the funding.

Top 10 Equity Investments

  1. Betterment: $100 million
  2. Pindrop Security: $75 million
  3. AppAnnie: $63 million
  4. Taulia: $46 million
  5. Bluevine:  $40 million
  6. EZBOB: £20 million ($25 million)
  7. Xignite: $20.5 million
  8. Signifyd: $20 million
  9. Workfusion: $14 million
  10. PayActiv: $9.2 million

That said, from Betterment’s big funding to the more modest financings for companies like StockViews and AnchorID, we are proud of all our alums, the innovations they bring to market, and the investors who support them. So with no further ado, here is the Q1 detail for 2015:

January: More than $443 million raised by 12 alums 

  • AppAnnie: $63 million – post
  • BlueVine: $40 million – post
  • CUneXus: $1 million – post
  • Gem: $7 million – post
  • IP Commerce: undisclosed – post
  • LendUp: $150 million (debt and equity) – post
  • Linxo: €2 million ($2.2 million) – post
  • LoanNow: $5o million (debt) – post (“credit facility”)
  • Mambu: $8.7 million – post
  • Pindrop: $75 million – post
  • Taulia: $46 million – post
  • True Potential: undisclosed – post

February: More than $63 million raised by 9 alums 

  • ModoPayments: $2 million – post
  • PayActiv: $9.2 million – post
  • Qapital: $3.5 million – news
  • Revolut: $4.8 million – post
  • Signifyd: $20 million – post
  • Spreedly: $3 million – post
  • SwipeStox: undisclosed – news
  • Trusted Knight: undisclosed – post
  • Xignite: $20.5 million – post

March: More than $150 million raised by 11 alums

  • AnchorID: $260k (debt) – news
  • Betterment: $100 million – post
  • Bluefin: $6 million – post
  • Dealflow: $1 million (debt) – post
  • EZBOB: £20 million ($25 million) – post
  • Finagraph: undisclosed – post
  • iQuantifi: $2 million – news
  • SnoopWall: $1.13 million – news
  • Stockviews: $355,000 – post
  • Stratumn: $670,000 – news
  • Workfusion: $14 million – post

If you are a Finovate alum that raised money in the second quarter of 2016, and do not see your company listed, please drop us a note at research@finovate.com. We would love to share the good news! Funding received prior to becoming an alum not included.

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Betterment Raises $100 Million Series E; Valuation Boosted to $700 Million

Betterment Raises $100 Million Series E; Valuation Boosted to $700 Million
By David Penn Posted on
Categories: Betterment, Funding, Fundings

Betterment2_homepage_Mar2016

Come for the $100 million Series E. Stay for the $700 million valuation.

Betterment, one of the largest robo-advisers in the U.S., has raised $100 million in a Series E round led by Sweden’s Kinnevik, boosting the company’s valuation to $700 million. Also participating in the round were current investors Anthemis Group, Bessemer Venture Partners, Francisco Partners, and Menlo Ventures.

Kinnevik CEO Lorenzo Grab described Betterment as both a fast-growing and “already established” player in the field of online asset management, and credited Betterment for developing “innovative and easy-to-use services.”

Betterment_stage_FF2011

Pictured (left to right): Betterment CEO Jon Stein and COO Eli Broverman demonstrating the Multiple Goals feature of the Betterment platform at FinovateFall 2011.

“Betterment shares many of the principles that have made other Kinnevik investment companies successful,” Grabau said. To this point, Grabau listed Betterment’s commitment to affordability, the company’s entrepreneurial spirit, and the idea of that businesses should contribute to their communities. “Everyone should have access to unconflicted and low-cost financial services that enable them to reach their goals,” Grabau said. Kinnevik reportedly invested $65 million of the $100 million total, taking home a 9.3% of share capital in Betterment.

From the perspective of Betterment CEO Jon Stein, it was love at first sight. “From our first meeting,” Stein said, “it was clear that we shared the same values of what a modern day financial company would look like.”

“Our goal is to become the central financial relationship for our clients,” Stein added. “Over the past year, we’ve made great progress toward that goal with features like RetireGuide and account aggregation, but there’s still work to do.”

Founded in 2008 and headquartered in New York City, Betterment demonstrated the Multiple Goals feature of its investment platform at FinovateFall 2011. Betterment provides investors with a globally diversified portfolio of low-cost index exchange-traded funds, along with personalized, goal-based investment advice. And more than 140,000 customers have invested more than $3.5 billion with Betterment since the company’s inception.

In January, Betterment launched its turnkey 401(k) service, Betterment for Business and, earlier this month, the company announced a new account aggregation feature that would enable Betterment customers to sync accounts at other financial institutions and see their full net worth via Betterment’s platform. In partnership with Quovo, Betterment made its FinDEVr debut at FinDEVr New York this week.

 

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CurrencyFair Raises €8 Million; Names New CMO

CurrencyFair Raises €8 Million; Names New CMO
By David Penn Posted on
Categories: CurrencyFair, Funding, Fundings

CurrencyFair_homepage_Mar2016

P2P currency exchange CurrencyFair raised €8 million ($8.9 million USD) in a funding round led by Octopus Ventures. That brings the company’s total financing to more than €20 million ($22.3 million USD).

Also participating in the round were Proxy Ventures and Frontline Ventures.  CurrencyFair CEO Brett Meyers said, “Working with them will help us further develop our brand and the industry as something people and businesses can trust to save them money.” Meyers added that P2P currency exchange needed a “more mature voice” and that the new round of funding represented a “validation of the brilliant product and marketplace we have built.”

CurrencyFair_stage_FEU2013

Pictured: CurrencyFair co-founder and CEO Brett Meyers demonstrating his company’s iPhone app at FinovateEurope 2013.

In addition to the funding, CurrencyFair announced the hiring of former Unibet Chief Marketing Officer, Nils Andén, as its new CMO. As CMO of one of the largest online gambling businesses in Europe, Andén is credited for the commercial strategy that helped Unibet’s market cap grow from £300 million to £2 billion from 2010 to 2015.

Speaking about the similarities he sees between the P2P currency exchange market today and the online gambling industry when it was in its infancy a decade ago, Andén credited “the extortionate rates of the banks” as helping some of CurrencyFair’s rivals “make a lot of noise at the moment.” However, like Meyers, he said the industry is ready for a “more mature approach” as customers become more comfortable with P2P currency exchanges as an alternative to the banks.

“Style gets you noticed, but substance gets you remembered,” Andén said.

Founded in 2009 and headquartered in Dublin, Ireland, CurrencyFair demonstrated its iPhone app at FinovateEurope 2013 in London. CurrencyFair won Best of Show for its presentation at FinovateAsia 2012.

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StreetShares Raises $4.5 Million in Series A Led by Fenway Summer Ventures

StreetShares Raises $4.5 Million in Series A Led by Fenway Summer Ventures
By David Penn Posted on
Categories: Funding, Fundings, StreetShares

StreetShares_homepage_Mar2016

The Series A round for online small business lender, StreetShares, is off to a strong start with lead investor Fenway Summer Ventures putting $4.5 million into the company. The funding news comes just days after StreetShares announced that it had earned Regulation A+ approval from the Securities and Exchange Commission (SEC), enabling the company to use public investments to back loans to small businesses.

StreetShares’ total funding stands at more than $8 million. Also participating in the financing round, which remains open, are Endeavor Equity Holdings and Pivot Investments.

StreetShares_stage_FEU2015

Pictured (left to right): StreetShares co-founders Mickey Konson, COO, and Mark Rockefeller, CEO, demonstrating their platform at FinovateEurope 2015 in London.

StreetShares, a P2P lending platform, specializes in connecting investors and small business borrowers from within the same community. For StreetShares, the first community it engaged with its affinity group lending approach were small businesses run by veterans and their families. Loan terms range from 3- to 36-months on amounts from $2,000 to $100,000, and the company charges a one-time origination fee of 3.95% or 4.95% based on loan term, risk, and amount.

An Air Force veteran, StreetShares co-founder and CEO Mark Rockefeller was interviewed by American Legion magazine last fall. The company added former SEC commissioner Troy A. Paredes to its board of advisors in November; in October, StreetShares announced a partnership with online marketplace, FedBid.

Founded in July 2013 and headquartered in Reston, Virginia, StreetShares demonstrated its platform at FinovateEurope 2015.

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Algomi Gains Investment from Former Thomson Reuters CEO Tom Glocer

Algomi Gains Investment from Former Thomson Reuters CEO Tom Glocer
By David Penn Posted on
Categories: Algomi, Funding, Fundings

Algomi_homepage_Mar2016

Tom Glocer, managing partner of Angelic Ventures and former CEO of Thomson Reuters (2008 through 2011), will work with fintech innovator Algomi as a strategic adviser. Glocer also made a significant investment in the company, though the amount of the investment was not disclosed.

“We’re empowering our customers by giving them more actionable intelligence on the data they already hold within their businesses,” Algomi CEO Stu Taylor explained. “Tom’s experience  with Thomson Reuters and his track record of working with other successful financial services businesses will be invaluable for us as we continue to develop our offering.”

Algomi_stage_FF2014

Pictured: Algomi CEO Stu Taylor demonstrated Algomi’s Honeycomb technology at FinovateFall 2014 in New York.

Algomi provides a social networking and market-intelligence platform for professionals working in the fixed-income bond markets. The company’s Honeycomb network connects fixed-income sales forces, traders, and customers with the goal of increasing both the number of trading and investing opportunities as well as the velocity of large transactions in what the company calls a “liquidity-constrained world.” Honeycomb uses custom algorithms to push the best deals and opportunities to fixed-income salespeople in real-time, providing a greater degree of transparency and the lowest level of market disruption when trading and investing in often-illiquid markets.

TomGlocer_AlgomiCalling the lack of liquidity as a major issue plaguing fixed-income investing, Glocer (right) says, “Algomi’s approach of creating a bank balance-sheet based on actual data, and virtualizing the assets in the market is fascinating, and I’m looking forward to working closely with them.”

The company’s current clients include Deutsche Bank, HSBC, Alliance Bernstein, JP Morgan, as well as hedge funds, insurance companies, and sovereign wealth funds. More than 160 buy-side firms, 15 banks, and hundreds of registered users around the world have signed on to be a part of Algomi’s Honeycomb network.

In addition to Glocer, Howard Edelstein will join Algomi’s Board of Directors. Edelstein had served the company as strategic adviser for the past two years, and is the current chairman of REDI Holdings.

“I’ve been working closely with Algomi for two years,” Edelstein said, “and believe the company delivers a second-to-none approach to a bank’s fixed-income, liquidity-sourcing needs.”

Founded in 2012 and headquartered in London, Algomi demonstrated Honeycomb, its buy-side graphic user interface, at FinovateFall 2014.

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Dealflow Closes Million Dollar Convertible Note

Dealflow Closes Million Dollar Convertible Note
By David Penn Posted on
Categories: Dealflow, Funding, Fundings

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!”

Dealflow_stage_FF2015

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.

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