Gatsby, Inc. announced that it expects to receive $29.687118 million in funding from Trinity Ventures, Mango Capital, Inc., Fathom Capital, DigVentures Ltd., Charles River Ventures, Inc. and other investors
September 25, 2019
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Gatsby, Inc. announced that it will receive $29,687,118 in funding on September 26, 2019. The company will issue common shares in the transaction. The company will issue securities pursuant to exemption provided under Regulation D.
On the same date, the company received $15,000,000 in its first tranche led by new investor Charles River Ventures, Inc. The transaction included participation from returning investors Trinity Ventures, Mango Capital, Inc. (OTCPK:MCAP), Fathom Capital, Digventures Limited and individual investors Aghi Marietti and Scott Belsky. The company raised $20 million in funding till date. Pursuant to the transaction, Devdutt Yellurkar of Charles River Ventures, Inc. will join the board of the company.
MCAP Inc. operates financial technology companies, which focus on the rapidly changing and digitalization of the global financial markets. The Companyâs subsidiaries include MCAP Technologies LLC, MBIT LLC, and MCAP LLC. MCAP Technologies LLC is a financial technology company, which develops software utilized in various financial markets. MBIT LLC is a digital asset company, which is focused on crypto-currency, DeFi protocols and blockchain integration in the global financial markets. MCAP LLC is a broker-dealer focused on electronic securities market making. MCAP LLC connects institutional investors, broker-dealers and companies to the global equity and fixed income markets. Its products or services include electronic securities market making, application software, securities trading platforms and financial technology. The Company targets opportunities that provide efficiencies within the existing financial services industry.
Gatsby, Inc. announced that it expects to receive $29.687118 million in funding from Trinity Ventures, Mango Capital, Inc., Fathom Capital, DigVentures Ltd., Charles River Ventures, Inc. and other investors