Tokeportal’s own content: 15.02.2023.

Álmos Mátravölgyi

Founded in 2018 in Canada by two lawyers, Rebecca Kacaba and Mat Goldstein, this multifunctional investment platform’s key service is connecting capital-raising activities with a much more diverse group of investors and founders, resulting in the necessary redistribution of access to capital markets. Since its inception, DealMaker has managed $1.7 billion in financing, enabling over 650,000 transactions. The company claims to have funded more projects than any other competitor in this period. Rebecca was selected as one of Canada’s 100 most influential women in 2022. In this article, we will analyze what contributed to their success.

The founders knew that offering a technological solution alone wouldn’t be enough to establish their company as a dominant player in the market. DealMaker adopted a holistic, all-in-one approach to achieve their goals and constantly innovates. For example, they introduced an investor ranking and evaluation system that utilizes artificial intelligence. Additionally, they obtained a broker-dealer license and acquired Ridge Growth Agency, an Austin-based marketing company specializing in online investor acquisition.

Their services offer clients comprehensive online solutions to streamline and simplify the capital-raising process. Investors can fill out documents, sign them online, and complete KYC and AML tests through the platform. The platform keeps investors informed about the status of financing, news, investor tasks, target company updates, general meetings, and their investor evaluation scoring system, all of which contribute to facilitating fundraising. The investor evaluation tool, Dealmaker Compass, helps companies find the ideal investor and strategy by analyzing investor behavior and providing ratings based on the likelihood of investment completion.

After achieving a 500% annual growth rate, they became the third fastest-growing Canadian company (according to The Globe and Mail’s 2022 list), so it’s no wonder they were able to facilitate numerous investment rounds last year. They doubled their team size within a year and expanded their presence beyond Canada to the United States and South America. It’s a remarkable achievement for a Canadian startup to gain a dominant market share in the US.

In May 2022, the multinational Canadian commercial bank, CIBC, made an undisclosed investment in DealMaker, aiming to accelerate their expansion in North America. This investment came shortly after DealMaker acquired Ridge Growth Agency.

Towards the end of the year, they secured another round of funding from the Canadian Securities Exchange and Mawer Partners. Mawer Partners is an independent investment firm managing portfolios for various organizations, including pension funds, strategic alliances, and individual investors. The details of the transaction were not disclosed.

Between January 2021 and May 2022, 8 out of the top 10 capital raises involved DealMaker, highlighting its effectiveness as a fundraising tool, even in the range of $50-100 million. Moreover, financing rounds above $80 million exclusively involved DealMaker, with two of them being part of Osisko Mining’s campaign. Osisko Mining is a Canadian mineral exploration company focused on acquiring, exploring, and developing gold mines.