GATE Technologies Closes $3.5m Funding Round

GATE Technologies, a New York-based global financial technology company creating market infrastructure for buying and selling illiquid and alternative assets, has closed a $3.5m funding.
The round was led by venture capitalist John Pappajohn, who will join the company’s executive board.
GATE will use the capital to expand its market infrastructure. It plans to roll out additional GATE Developing Marketplaces (GDMs) in 2011.
The company recently launched its U.S.-based broker-dealer subsidiary, GATE US, and GATE Global Impact, providing market infrastructure for impact investing – investments that provide a social and/or environmental benefit as well as a financial return.
Led by CEO Vincent Molinari, GATE offers automated, customizable solutions for qualified investors with content and analytics, transparent execution, and dematerialized settlement, clearing, and depository functions.

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