
Baton, A NYC-based marketplace for small and medium-sized business acquisitions, raised $10M in Series A Funding.
The round was led by Obvious Ventures with participation from Burst Capital, FJ Labs, Fluent Ventures, Spencer Rascoff via 75 & Sunny, Divergent Capital, Bloomberg Beta, and Zeno Ventures.
The company intends to use the funds to accelerate the growth of its marketplace to support even more small business owners.
Led by CEO Chat Joglekar, Baton empowers small business owners with the data to make the right decisions and navigate the sale process. For owners, it starts with a free valuation that analyzes their financials, market trends, and industry benchmarks, and offers a free Private Listing,Ā which allows an owner to gauge buyer interest without any monetary commitment. On a paid plan, it creates a listing withĀ reconciled financials and native data room, and helps guide the owner through buyer interest, negotiations, and closing in half of the time as a traditional sale process.Ā Browsing available listings in all 50 states, buyers love the listing quality, the ability to underwrite a deal quickly, and move to negotiations.
Baton partners with lenders, accountants, lawyers, and other professionals to streamline each stage of the transaction.
The new funding brought Baton’s total raised to $15.5M after a seed round led by Giant Ventures.
FinSMEs
22/01/2025