Private capital deal management platform DealCloud has picked up $4.5m in its latest funding round.
The investment was led by Cultivation Capital FinTech and Hamilton Lane, with all previous investors also taking part in the round.
Founded in 2010, the New Jersey-based DealCloud provides deal management, workflow and technology solutions to private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors.
Hamilton Lane vice chairman & strategic initiatives head Erik Hirsch said, “The private markets continue to suffer from an underinvestment in cutting-edge technology and software solutions.
“In order for firms to successfully manage their growth and maintain best practices, we see investment in technology as a necessity.
“DealCloud plays a pivotal role in the way firms manage their deal processes and key relationships and we are excited to invest from our balance sheet to support the Company and its management team in their continued growth.”
This brings the company’s total investments to around $9.9m.
Copyright © 2017 FinTech Global
Copyright © 2018 RegTech Analyst
