MergerDomo raises $500K in bridge round funding.
Investment banking marketplace MergerDomo recently raised $500 thousand in bridge round funding from existing investors like Nadir B Godrej (Chairman and Managing DIrector, Godrej Industries).
Thetech-based startup plans to use the capital raised to enhance its technological infrastructure including a shift to AI/ML, expand its team, and invest in marketing.
MergerDomo founder and CEO Hormazd Charna said, “We want to be recognised as the most trusted one-stop algo-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.”
Founded in 2019 by Hormazd Charna, MergerDomo is a tech-based platform for investment banking, M&A, technology sourcing, debt and equity funding opportunities for small and medium enterprises, as well as startups.
Commenting about the investment, Nadir B Godrej stated, “I am delighted to be a part of the MergerDomo growth story. MergerDomo provides a modern, tech-enabled and efficient solution to SMEs/startups for the challenges in their organic/inorganic growth journeys.”
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