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CAPITAL MADNESS #2 – Castle Placement, CUNY Startups and Amazon
New York, NY – May 3, 2019 – The grand finale of Capital Madness #2, a capital raising bracket tournament sponsored by Castle Placement, CUNY Startups and Amazon, took place on May 3rd at Amazon Loft in SoHo.
Each finalist presented their company, opportunity, and strategy to the judges, and responded to spirited and thoughtful questions from the judges. The winner of the contest, OASIX, was selected by the judges (from Blackrock, Amazon, Castle Placement, and CUNY Startups) and the audience (voting on their phones). OASIX is a growing company that helps charitable organizations provide attribution to its donors. “We were thrilled to win the Capital Madness #2 contest. We have received tremendous exposure and were delighted to communicate the OASIX story. We believe that OASIX can disrupt the charitable space and change the way people donate money to make a positive impact in the world,” said Jose Muñoz, Chief Executive Officer.
Throughout the tournament some of CUNY’s best students pitched their businesses on Castle Placement’s website, as if they were presenting to investors to raise capital. The contestants were all great companies poised for growth. “We were amazed at the great ideas and fantastic presentations submitted by the CUNY students” said Richard Luftig, a Managing Partner at Castle Placement. “Many of these students are managing to simultaneously go to school full-time and create incredible businesses. The companies were extremely diverse with respect to industries, stages, etc., but they were all incredibly exciting businesses presented by great teams.”
“The students presented some outstanding ideas for new ventures,” said Remy Arteaga, Executive Director of CUNY Startups. “This competition is a great place for students to test out their ideas in the marketplace. The Capital Madness competition is a terrific complement to our other new venture programs.”
All contestants received free exposure on Castle Placement’s website. Thousands of voters narrowed the field in on-line voting from April 22nd through April 26th. The four finalists pitched at the grand finale, a well-attended live Amazon Loft event. The grand prize was free access to 100 targeted investors with contact information on the CPGO Network, Castle Placement’s proprietary capital raising app (cpgoapp.com), and a free three-month listing on Castle Placement’s website.
Stay tuned for Capital Madness #3.
Founded in 2009, Castle Placement raises equity and debt capital for private middle market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform – including artificial intelligence/machine learning – match great companies with global institutional investors. Castle Placement’s proprietary app, cpgoapp.com, connects companies with investors in real time. It has over 64,500 private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders.
Founded in 2014, CUNY Startups’ mission is to reduce inequality, increase economic mobility, and grow the economy in New York City through entrepreneurship. CUNY Startups focuses on a CUNY student population that comes directly from New York City communities. Roughly 75% of CUNY graduates remain in these communities after graduation.
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Ken Margolis | Managing Partner Castle Placement, LLC 1460 Broadway Street, Rte 400 New York, New York 10036 (212) 418-1188 | C: (516) 712-7784 firstname.lastname@example.org