Private placement platform for capital markets WealthForge is starting 2018 with the announcement that it has reached a new milestone: more than $500 million in investments processed on its platform.
“We’re very pleased by the momentum we’re seeing in our business,” said Mat Dellorso, WealthForge Chief Strategy Officer and co-founder of the company. “Our average offering size – currently $17 million – has grown 50% in the past year. More than $200 million was invested in 2017 alone, and we’ve seen an exciting ramp up in volume heading into the new year.”
WealthForge reports that the $500+ million investments represent funding in more than 300 private offerings, each averaging $17 million. The company noted in a blog post that the $500 million includes a $25 million litigation fund and a $9 million private capital fundraising for an industrial real estate acquisition. WealthForge also announced the platform hosted its first Regulation A (Reg A+) offering, which picked up more than 400 investors since its launch in October.
“WealthForge’s scalable subscription technology and compliance services for alternative investments are pillars supporting an overall mission to increase transparency, efficiency, and access to alternative investments for issuers and advisors,” WealthForge CEO Bill Robbins said. He called the milestone a “proof point” that the company enjoys the reputation as “a trusted partner for so many.”
Headquartered in Richmond, Virginia and founded in 2009, WealthForge demonstrated The WealthForge Network at FinovateSpring 2016. The WealthForge Network connects issuers and intermediaries in the private capital market, enabling issuers to present their offerings to registered intermediaries and helping intermediaries provide a branded online investment process for their investors.
WealthForge is a winner of the UBS Future of Finance Challenge, and was named a Company to Watch by Venture Forum RVA. The company has raised more than $5 million in funding and counts New Richmond Ventures (NRV) and SenaHill Partners among its investors.