The founders of a financial technology startup believe that companies should be able to focus on their core business without the process of raising investment capital becoming a distraction or a drain of time and resources.
Built by domain experts with deep roots in private capital, Alberta’s DealPoint offers a platform designed to help clients raise capital more efficiently while remaining compliant with relevant regulations.
“The private capital markets have always been difficult to navigate, especially for the regulated exempt market,” the founders of DealPoint explain online. “With little to no technology solutions in market, we set out to build a solution that industry stakeholders could license to help them manage compliance and close rounds more efficiently.”
Founded in 2017, DealPoint launched a pilot version of its fintech platform in 2018 before releasing the version we know today in 2020.
“After processing millions in exempt market transactions, we turned our attention to early stage capital and launched our venture essentials featuring private data rooms for deal review, document execution and fast, efficient closings for founders, angel investors, and emerging fund managers,” a history of DealPoint reads.
By 2022, transactions on the platform topped $350 million as the startup added more features such as subscription fund processing and one-click syndicates.
“Enhanced features delight our customers, helping them get more funding from a wider network of investors,” says the Canadian company.
DealPoint’s platform provides everything a company needs to secure capital for their next phase of growth—short of raising the funds on your behalf, of course. (Teach a man to fish…)
“We provide the software, tools, administrative support and best practises to help you raise capital yourselves,” DealPoint affirms. “Whether you are a company raising equity, an angel network syndicating an early stage round, or a registered dealer with multiple offerings on the go, we have tailored solutions for you.”
DealPoint is one of 12 fintech firms competing for this year’s annual Digital Commerce Bank Calgary Fintech Award. The award application, initially open only to Calgary-based fintech startups, was this year broadened to include all Canada-based fintech companies.
Last year’s winners included Fillip Fleet and Woveo, two startups that took home a grand total of $310,000 in non-dilutive cash to accelerate their businesses.