WealthForge Holdings, Inc., a Richmond, VA-based firm focused on servicing the new private equity investments market, closed a $2.5m Series A funding.
The round was led by New Richmond Ventures, a Richmond-based investment firm, and SenaHill Partners, LP, a New York City-based merchant bank. In conjunction with the funding, Ted Chandler, principal at NRV, joined the Board of WealthForge as Chairman.
Led by Mat Dellorso, CEO, and Fred Bryant, chief compliance officer, WealthForge provides the technology to enable and complete online private investments in companies, particularly small businesses and startups, within SEC regulations.
Services include compliance, investor verification, transaction processing, shareholder services, and access to larger pools of capital.
Clients include Realty Mogul, a marketplace for accredited investors to pool money online and buy shares of pre-vetted investment properties.