Capital Markets Gateway (CMG) – a financial technology firm transforming the equity capital markets (ECM) – announced it recently closed a strategic $30 million Series C funding round, led by StageDotO with participation from existing investors. And CMG is backed by Bank of America, Barclays, Citi, Fidelity Investments, Franklin Templeton, Goldman Sachs, J.P. Morgan, Morgan Stanley, Royal Bank of Canada, Shea Ventures and UBS.
This funding round is strategically timed to drive CMG’s 2025 expansion, encompassing enhanced global data capabilities, support for new asset classes, and the advancement of straight-through processing (STP) solutions to improve operational efficiency across the industry.
CMG continues to transform the ECM space with products like CMG XC, which is an industry-first end-to-end platform that provides ECM industry participants across buy-side and sell-side firms with real-time bookbuilding workflows, and CMG DataLab, a data intelligence solution that provides actionable insights via real-time offering information and historical data.
KEY QUOTES:
“We’re thrilled to receive this vote of confidence from our investors, all with a unified goal of transforming ECM processes across the industry. The value of our network is undeniable, comprised of prominent buyside firms and leading underwriters in the US ECM market who collectively possess a broad and deep understanding of the markets. The industry is recognizing the advantages of moving from a distributed, asynchronous process to a centralized, real-time digital platform.”
– Greg Ingram, CMG CEO and co-founder
“We are excited to support CMG’s mission to deliver the only end-to-end platform for equity capital markets and help CMG realize its vision to provide market participants with seamless global workflows for data and book-building.”
– Mike Self, General Partner at StageDotO
