Capital Markets Gateway (CMG), a NYC-based financial technology firm focused on the equity capital markets (ECM), received a $25m strategic investment from several financial firms.
Backers included Barclays, Citi, Fidelity Investments, Goldman Sachs, J.P. Morgan, and Morgan Stanley as well as existing investors including Canaccord Genuity, Franklin Templeton, StageDotO, and Shea Ventures.
The funding will be used to support the company’s growth and expand its solution to be the first ECM platform in the U.S. to provide digital connectivity between the buy-side and sell-side.
Led by Greg Ingram, CEO and co-founder, CMG is a financial technology firm that connects investors and underwriters via a neutral platform that delivers integrated ECM data and analytics, transparency, and workflow efficiencies.
Launched in 2017 by a team of ECM practitioners, the CMG platform is currently relied upon by nearly 100 buy side firms representing $12 trillion in AUM and 15 investment banks.