New Private Capital Raising Technology Demoed Live at FinovateSpring 2016
SAN JOSE, CA / ACCESSWIRE / May 10, 2016 / Leading private capital and compliance technology company, WealthForge, will today unveil its WealthForge Network, a technology-enabled network of Registered Investment Advisors ('RIAs'), brokers and other investment professionals.
WealthForge Network members can leverage the depth and breadth of WealthForge's vetted private investment opportunities and private companies can tap into new investor groups to more efficiently meet their funding needs. The Company also announced today its new Dynamic Tombstone technology, providing Network members and private companies with the technology they need to publicly share and advertise relevant private placement offering details in real-time, leveraging Title II of the JOBS Act.
"We're excited about how this new technology will allow us to further expand our investor network and get more deals closed in less time," said Dr. Bharat Sangani, Chairman of Encore Enterprises, a diversified commercial real estate firm and WealthForge client.
In 2015, based on the Firm's research of SEC Form D filings, more than 12,800 companies raised $124B in funds through private placements, representing a 20% increase - by number of companies and funds raised - from 2014. With private capital markets continuing to see growth despite the slowdown in IPOs, the JOBS Act has made it easier for a company to raise capital with a larger group of investors via online private capital raising.
"Over the last few years, we've seen our technology address a need to speed up the manual, cumbersome process typically associated with raising private capital," said Mat Dellorso, co-founder of WealthForge. "Our new Network combined with our Dynamic Tombstone technology puts the power in the hands of private companies and investors alike, taking advantage of the network effect - allowing companies to tap into new accredited investor pools more easily while providing vetted investment opportunities for our Network members."
WealthForge Securities, LLC, a registered broker-dealer, was the 4th most active broker-dealer in terms of private capital offerings completed in 2015, according to its research of SEC Form D data, with more filings than Wall Street firms like JP Morgan, Merrill Lynch, and Morgan Stanley.
WealthForge announced the launch of the WealthForge Network and Dynamic Tombstone technology live on-stage at FinovateSpring 2016, the Company's second year selected to present at Finovate.
At WealthForge, we believe the process of raising private capital is outdated: opaque, inefficient, and rife with barriers. As a result, capital does not flow freely: opportunities are blocked or frozen; potential is stymied.
We set out to break these barriers, expand accessibility, and let private capital find its best potential. For issuers and intermediaries, we've created a single integrated service to execute and manage raising capital, from thorough compliance reviews, to data-rich dashboards that allow transparency into every aspect of the process. For investors, we're making it simpler and easier to invest in ideas with potential.
We will challenge the status quo in capital markets by removing barriers and reducing friction in the flow of private capital. Letting capital flow freely to the best opportunities can create exponential benefits--for all, not just a select few. For more information, please visit www.wealthforge.com.