Investment Banks Turn To Emerging Businesses?VW Staff
With online investing and crowfunding now serving as a major new alternative way for enterprises to raise capital, it’s no wonder that VC’s, Wall Streeters, and traditional banks have started to get in on the game.
Now Investment Bankers are jumping on board as well – leveraging online investing as a way quickly drive even more capital to emerging businesses.
Chris Tyrrell, CEO of OfferBoard, a new Private Placement Investing Platform recently launched having signed their first deal within 24 hours of their site launching. The deal was able to help a mobile solutions company to close a $3.0M round in funding.
Investment Bank: OfferBoard Signs First Deal Within 24 Hours After Site Launch
Princeton, N.J. – OfferBoard, a private placement platform for emerging growth companies, today announced that within 24 hours of their successful site launch at TechCrunch Disrupt, that they were able to secure a commitment in capital for Paper Battery Company, who needed this critical funding to close out $3.0M in Series A financing. As part of this deal, OfferBoard was able to identify a strategic investor for Paper Battery called Tylt Lab, a capital venture advisory group with strong market knowledge and supply chain infrastructure in the consumer electronics industry.
Paper Battery develops innovative energy storage and enhancement technology for consumer electronics and other applications. The company will use their latest round of funding to commercialize its first products that promise to significantly improve battery life in mobile solutions like smartphones, wearables, accessories and other mobile electronic devices. Moreover, this round of capital will allow the company to scale production and rapidly bring to market novel pulse-power management solutions building on its ultra, “paper-thin” battery technologies for the consumer marketplace.
“Closing our first deal with a company like Paper Battery is indicative of what we plan to bring to the middle market private investing sector ,” said Chris Tyrrell, CEO and founding member of OfferBoard. “We are using technology to change and improve the capital formation process. By using our platform to bring together emerging companies with leading investors, not only are we driving innovation, but we’re also driving more capital raising efficiencies to the underserved middle market.”
OfferBoard launched its exclusive private placement platform just several weeks ago with more than 35 active projects seeking $280 million in capital. The Company is the only platform in North America to utilize the technology and experience of the Australian Small Scale Offerings Board (ASSOB), the world’s oldest online securities platform. While there are several platforms that have emerged to serve the needs of early-stage startups, OfferBoard is addressing the unique funding needs of the middle market—particularly growing businesses within the infrastructure, biotechnology and other global middle market industries.
The company was developed by respected financial services industry veterans using proven technology to increase capital investment in middle market and emerging growth companies. In addition, the company’s diverse leadership team is comprised of financial services industry innovators from Lending Club, Goldman Sachs, SecondMarket, American Express, global law firm Cadwalader, Wickersham & Taft, Chase Manhattan and the Asian Development Bank.
OfferBoard is an online private placement platform for middle market and emerging growth companies that leverages the experience and technology of the Australian Small Scale Offerings Board (ASSOB) — the world’s oldest securities platform. Helmed by financial industry veterans, OfferBoard allows investors to tap into the estimated $900 billion primary private placement market and support the growth of middle market, the backbone of the U.S. economy and the future of the global economy. OfferBoard securities offered through Finance 500, Inc., member FINRA/SIPC.