Mediant, a NYC-based provider of investor communications technology and technology-enabled solutions to banks, brokers, corporations and funds, raised $18.5m in equity funding.
Under the terms of the transaction, lead investor Argentum, along with Breakwater Mediant, Compo Seven Capital, Mathers Associates and First Analysis Corporation, intend to convert into equity $18.5m in debt of Mediant.
The company intends to use the funds to invest in its technology and solution offerings for clients.
Led by Arthur Rosenzweig, Founder and Chief Executive Officer, Mediant delivers investor communications solutions to brokers, corporate issuers and funds. The solutions, driven by technology and strict compliance with industry regulations, enable brokers to manage all potential touchpoints within the investor communications lifecycle – from proxy statements and prospectuses to voluntary corporate actions.