Fintech company Capital Markets Gateway (CMG) recently announced it raised $7.5 million in Series A funding. Founded by Gregory Ingram (CEO), Mike Wilcox, and Stamo Hadjiyski, CMG offers an integrated digital workflow and analytics platform for capital markets professionals.
StageDotO led this funding round. And Franklin Templeton, Shea Ventures, and Ingram also participated in this round. Including this funding, CMG has raised a total of $11 million.
“There is tremendous opportunity within capital markets to streamline processes that historically have been cumbersome and inefficient,” said StageDotO general partner Mike Self. “CMG is filling an obvious gap in the market by deploying cutting-edge technology to provide the industry with unprecedented access to real-time data, analytics and communications functions that improve the speed and accuracy of decision-making.”
The three founders of the company are seasoned financial veterans who have experienced the shortcomings of the current capital raising process. So they developed workflow management and real-time analytics solutions for practitioners that streamlines the process throughout the capital markets trading life cycle including banks, asset managers, and broker-dealers. The platform improves transparency and connectivity between investors, issuers, and underwriters.
Photo: CMG
“CMG is a first-of-its-kind platform designed by a team of practitioners with decades of collective underwriting and investment banking experience. They understand the pain points of the capital raising process and have created a solution that eliminates inefficiency and improves collaboration,” added Franklin Templeton’s SVP of Head of Franklin Equity Group Trading Ben Batory. “Our investment signals a very high level of confidence in the platform and the team driving it forward.”
CMG also recently appointed former IHS Markit executive Michele Trogni as the Chair of the Board and former Thomson Reuters Enterprise Division CTO David Kelly as CTO. Kelly and Trogni both bring over two decades of industry expertise to the company.
Trogni served as EVP of Consolidated Markets and Solutions for IHS Markit until 2017 and oversaw a portfolio of businesses that deliver data insights and technology solutions to support decision-making in engineering, financial markets, and technology. Before joining IHS Markit in 2013, she worked at USB for 25 years and was most recently the CIO and head of operations at the company.
And Kelly was a partner, CIO, and co-COO of Pine River Capital Management before joining CMG where he oversaw the platforms responsible for the trading systems. And David was the CTO of the Enterprise Division at Thomson Reuters.
“We are passionate about fostering more open and collaborative capital markets, and we’re growing our talented team by hiring the best and brightest minds who share our vision for a more productive financial ecosystem,” added Ingram. “This investment will enable us to scale our technology and accelerate new product initiatives to bring improved communication and connectivity to even more financial practitioners.”
