Richmond, VA - WealthForge announced today that they have surpassed $500 million in capital investment transactions processed in 2018. This increase in volume helped push the company past another major milestone, $1 billion in lifetime transactions processed as of December 31st, 2018.
“I could not be happier with the growth our company has continued to achieve. Thanks to the hard work of our employees and clients, our transaction volume has more than doubled in the past year, and we intend to carry that momentum forward into 2019,” said Mat Dellorso, Chief Strategy Officer and Co-Founder.
Included in the $500 million was $25 million into a litigation finance fund and $9 million into a capital raise for a portfolio of medical office buildings, along with other opportunities in energy, commercial real estate, and technology. Also in 2018, WealthForge was twice recognized as one of the fastest growing companies in America by placing #932 on the Inc. 5000 and #189 on the Deloitte Technology Fast 500 thanks to 531% revenue growth between 2015 and 2017.
“This is only the beginning. While enthusiasm is high, technology adoption in alternative capital markets is still relatively low, so there is huge potential for further growth and expansion in our future as marketplace technologies and subscription automation become the standard for how investments in alternatives are processed,” says Bill Robbins, CEO.
Headed into 2019, WealthForge plans to continue making the process of raising capital and investing in alternatives more modern and efficient with the debut of a marketplace for advisors and sponsors, complete with improved Straight Through Processing technology tools and support for new offering types including non-traded REITs.
