Specialty and Consumer Finance Capital Raises in the U.S. – July 25-31, 2024
Please see below last week’s capital raises in the Specialty and Consumer Finance sectors.
If you would like more info on these deals or would like to discuss the capital-raising market for your company, please DM me.
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- 1970 Group, based in New York, New York, specializes in insurance collateral risk management services. They secured funding from Bain Capital Insurance to deliver alternatives for collateral requirements. (Lead Investor: Bain Capital Insurance).
- ETHNODEFI, located in Henderson, Nevada, was acquired to advance its decentralized finance (DeFi) platform, which facilitates cryptocurrency mining and staking for enthusiasts.
- REV Capital (U.S. Transportation Factoring Services), based in Woodbridge, Ontario, provides factoring services for truck owners and fleet operators, enhancing transport factoring services through a strategic acquisition.
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Ken Margolis
Managing Partner
As one of the founders of Castle Placement, Ken is passionate about helping great companies grow. Over 25 years of experience in investment banking and raising capital from institutional private equity/venture investors, family offices, foundations, endowments, hedge funds, banks and specialty finance lenders. Co-founded Castle Placement in 2009, providing investment banking services and raising private equity/debt capital for early-stage and middle market companies across a wide range of industries including financial services/fintech, real estate, technology, business services, energy/real assets and consumer/retail. In 2007, created a platform providing advisory and capital formation services to financial institutions and private equity funds investing in distressed bank portfolios and community banks which was merged into Castle Placement*. From 1999 to 2007, at Merrill Lynch was co-head of the 50+ person global structured credit products investment banking, sales and syndicate and head of the U.S. alternative investment group raising capital for alternative investment funds in financial services and asset management. From 1991 to 1999, was at Credit Suisse First Boston as a senior trader on a principal transaction desk responsible for managing a proprietary position of credit sensitive commercial/residential real estate and asset-backed securities and head of CSFB’s new issue whole loan and agency CMO desk. Began his career in 1985 at Arthur Andersen where he managed their structured finance group consulting on ground breaking securitizations of residential mortgages, credit cards, auto loans, corporate loans and other financial assets. FINRA Series 7, 24, 63, and 79 licenses.
- Email: kmargolis@castleplacement.com
- (O) (212) 418-1188
- (C) (516) 712-7784
Ken Margolis
Managing Partner
Please contact me if you have any questions or would like to discuss your capital raise:
Email: kmargolis@castleplacement.com
(O) (212) 418-1188
(C) (516) 712-7784
Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
