MergerDomo an online global tech-based investment banking marketplace, has raised $500,000 in a bridge round from existing investors including Godrej Industries Chairman and Managing Director Nadir B Godrej.
Founded in 2019, MergerDomo is a platform for investment banking, M&A, technology sourcing, debt and equity funding opportunities for SMEs and startups.
In this round of funding, MergerDomo has had participation from other individual investors, including industry veterans from sectors including auto, pharma, retail, and ESDM, the release noted.
The startup plans to utilize the fresh capital for strategic investments such as technology upgrades, moving from algorithm-based systems to AI/ML, team expansion, and marketing activities.
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The company plans to boost its tech-based offerings by developing advanced features to facilitate merger and acquisitions (M&A), private equity, debt, and JV transactions. MergerDomo already has in-house funding-related tech tools like the Quick Startup Algo-based Assessment Tool (QSAAT) to check a startup’s funding readiness.
MergerDomo recently closed two startup funding deals in superfoods and wellness companies, bringing its total to five deals this year.
On the consulting front, they have closed over 19 deals to date and have an SME deal flow of over $800 million on the platform.
Hormazd Charna, Founder, and CEO, MergerDomo, said, “We want to be recognized as the most trusted one-stop also-based platform that is helping startups and small and medium-sized enterprises (SMEs) to connect with the right investors and advisors.
Companies are coming to us for the resources, advice, and reach that we extend in deal-making. The fresh funds will help us to further strengthen our platform and significantly boost our ability to meet the expectations of our users.
In the next three years, MergerDomo plans on growing its global footprint to 15 countries. The company currently has country representatives in the UK, Singapore, and South Korea.