Toronto-based capital raising platform DealMaker has acquired Ridge Growth Agency, a digital investor acquisition agency that supports companies with their private placements.
Based in Austin, Texas, Ridge provides services in equity crowdfunding, digital strategy, media buying, web design, and retention marketing to help brands improve their online reach.
It’s the crowdfunding aspect that really plays into what DealMaker does. With Ridge’s integration into DealMaker, users are enabled to find leading technology as well as go-to market tools to acquire and convert potential investors.
“At DealMaker, we continue to make acquisitions that give more power to issuers and create efficiency in the capital raising process.”
– Rebecca Kacaba
“It has been a seamless collaboration for our teams since we began working together in the way we both think, act, and approach the industry,” said DealMaker CEO and co-founder Rebecca Kacaba. “At DealMaker, we continue to make acquisitions that give more power to issuers and create efficiency in the capital raising process.”
Founded in 2015 by Kacaba and Mat Goldstein (CSO), DealMaker offers a suite of primary issuance, shareholder management, and capital raising solutions that includes investor ranking algorithms and data analytics tools. The firm said its technology was designed to enable organizations to own and control exempt market raises to get their funds faster.
DealMaker claims a customer base of over a thousand from a range of industries including technology, consumer products, healthcare, and financial services. With offices in Toronto, Texas, and Florida, DealMaker has over 85 employees.
Ridge’s acquisition comes after a record year for DealMaker, hitting a number of milestones and entering multiple partnerships in 2021.
DealMaker’s technology powered a number of significant transactions, such as Carbon Streaming’s $104.9 million private placement and the Green Bay Packers’ 2021 common stock offering that raised over $30 million within the initial 48 hours of the campaign going live.
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With these deals, DealMaker crossed the $1 billion mark in total capital raised on its platform. The company noted that it has serviced over 400 issuers since its inception six years ago.
More than 400,00 investor profiles on DealMaker have been created to date, with the most number of users coming from Canada, Switzerland, Singapore, and the Netherlands.
Earlier this year, DealMaker collaborated with corporate venture studio and product development incubator Wavemaker to help the latter’s clients in raising additional capital after their own initial investment. Miso Robotics, a Wavemaker portfolio company, used DealMaker’s platform to raise $30 million for its Series C and D funding rounds.
Feature image from DealMaker’s Facebook page