The platform that flags up fintech opportunities for US investors is celebrating its first anniversary.
DIG Beacon is a fintech solution built by Deer Isle that gives companies interested in raising institutional capital direct virtual access to a network of over 14,000 US-based institutional investors. These include venture and private equity funds, family offices, wealth advisors, endowments, foundations, and pension funds.
Deer Isle told NextMoney that the anniversary marks a year of significant growth for the platform, including broadened deployment of Beacon, as well as expansion of its executive team and consulting services.
Beacon is a method for capital providers to access investment opportunities that are relevant to them. Through Beacon, Deer Isle maintains institutional capital provider investment preference information, and capital seekers are given access to lists of capital providers that might have interest in their capital raise.
Dianna Raedle, CEO of Deer Isle Group, said: “Our mission is to empower a broad range of capital seekers, including middle market and venture capital, debt and equity, funds and companies, with the right tools to conduct a successful, transparent, effective, and efficient capital raise. Strong relationships with capital providers are a key element of success for capital seekers, and the ability to accelerate relationship building using technology and data analytics in a cost effective and efficient manner is particularly important.
“We are very excited about our growth, especially with the additions to our highly skilled executive team and success in the last year. We believe the capital raising process is ‘modernizing’ and that it is important for capital seekers to be able to efficiently use technology to be successful. COVID-19 has just accelerated our progress.”