BankerBay Closes Over $2M in Seed Funding, Launches New York Headquarters

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Global online deal-sourcing platform offers strategic services linking curated middle market deals with PE funds and investment banks

Deal making is about making the right connections, and BankerBay is a platform for doing just that, driven by a proprietary technology that facilitates the introduction of two parties based on characteristics common to the deal.

BankerBay, the premium investment banking platform that connects qualified and vetted corporate deals with institutional providers of capital around the world, announced today that it has raised over $2 million in seed funding. This news comes on the heels of the company’s recent opening of its third office, in New York, which will be its headquarters.

Investors include David Toh, director at NTUitive, and other senior investment bankers in corporate finance, M&A and private equity, senior technology sector specialists and Scale.VC, a Silicon Valley-based venture capital firm. BankerBay is also backed by a sovereign agency.

“Deal making is about making the right connections, and BankerBay is a platform for doing just that, driven by a proprietary technology that facilitates the introduction of two parties based on characteristics common to the deal,” said Romesh Jayawickrama, CEO & Co-founder of BankerBay. “It is clear that the U.S. middle market is growing in volume, value and importance. Our most recent financing will help us establish ourselves firmly in this market and be better poised to enable deals and create relationships with our global base of subscribers for U.S. private equity firms and investment banks.”

BankerBay was founded in 2013 in Singapore where after almost two decades in investment banking, Mr. Jayawickrama identified that technology was greatly under-used in the industry while companies around the world were still finding it hard to find funding and funds were finding it hard to access good quality companies in which to invest. Within 12 months, BankerBay had attracted over $15 billion of institutional quality deals with a member base growing to 6,800. Currently $4 - $5 billion of deals are submitted to BankerBay each month from around the world, of which approximately $2 billion get through the strict vetting and curation process. BankerBay members include investment banks, private equity funds, structured debt funds, strategic investors and commercial banks all looking to find good quality companies requiring capital. Most of the deals facilitated by BankerBay are middle market, ranging in value between $10 and $200 million. BankerBay opened its Singapore office in December 2013, its Bangalore office in May 2014, and has now launched its new headquarters in New York, where the CEO will be based.

BankerBay uses a combination of sophisticated algorithms and experienced investment banking analysts to make the most appropriate buyside-sellside matches for its subscribers, removing the time and vast costs associated with deal-sourcing. Members remain anonymous until the final introductions are made, after which the parties continue with their traditional deal-making process, while BankerBay transaction managers oversee the deal through the arc of its life. Unlike that of other online platforms, the BankerBay experience is notable for its level of detailed engagement.

Deals BankerBay has facilitated include:

  •     The purchase of a mixed-use real estate development in the U.S. containing a national brand hotel by a developer focused on hospitality for $40 million
  •     A food & beverage company in Western Europe looking to expand into the seafood industry requiring $50 million in funding to make several acquisitions
  •     A textiles manufacturer in Turkey requiring $50 million in acquisition financing to acquire a target company it had a majority stake in

About BankerBay

BankerBay (http://www.BankerBay.com) is a premium investment banking platform that connects qualified corporate deals with institutional providers of capital around the world. BankerBay uses powerful custom-built software and a global network of finance professionals to match requirements entered by members. Used by leading financial institutions across North America, Western Europe, APAC and the Mideast, BankerBay is one of the fastest growing investment banking networks on the globe.

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Estelle Ng
BankerBay
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