Capital Markets Gateway

Capital Markets Gateway

Chicago, Illinois

FinTech

The first platform in the US connecting the buy-side and sell-side in the equity capital markets.

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Total funding

$39.1M

Latest funding round

Series B 2022

Founder(s)

Greg Ingram
Mike Wilcox
Stamo Hadjiyski

Team leaders

No items found.

01. Overview

CMG is a fintech platform revolutionizing equity capital markets by seamlessly connecting investors and underwriters. It streamlines workflows, enhances transparency, and enables informed decision-making through real-time data and analytics. Serving over 135 buy-side clients managing more than $40 trillion in assets and 20 sell-side partners representing 70% of market activity, CMG is shaping the future of equity markets.

Services utilized

Software Development

Product components

No items found.

Stats

$40T+ in assets across 135+ buy-side clients

70%+ of the US ECM market share

9 of the top 10 U.S. asset managers use CMG’s solutions

Investors

Bank of America
Barclays
Citi
Canaccord Genuity
Franklin Templeton
Goldman Sachs
JP Morgan
Morgan Stanley
Royal Bank of Canada
Shea Ventures
StageDotO
UBS

02. Introduction

Capital Markets Gateway

Greg Ingram, along with co-founders Mike Wilcox and Stamo Hadjiyski, founded Capital Markets Gateway (CMG) in 2015 to address the inefficiencies and outdated processes in equity capital markets.

Drawing from decades of experience, including Greg’s role as Head of Equity Capital Markets at Robert W. Baird & Co., the team recognized the need for a modern, secure digital platform to streamline workflows and enhance transparency between investors and underwriters. Their vision was to revolutionize the capital-raising process by eliminating redundancies and improving collaboration among market participants.

Based in New York, CMG has since emerged as a leader in transforming equity capital markets with its innovative digital platforms. At the core of its ecosystem are CMG XC™ and CMG DataLab™, two groundbreaking solutions designed to simplify processes and deliver real-time data and insights. Since 2017, OAK’S LAB has been a key software development partner, enabling CMG to cement its position as a transformative force in the industry.

03. Challenge

We were initially introduced to Greg, Mike, and Stamo through their lead investor, StageDotO, to help address the technical challenges CMG faced with their MVP, which had been developed by an outsourced team.

While the initial product served as a foundation, it faced issues like inconsistent code quality and limited scalability, making it challenging to meet the high standards set by CMG’s leadership and their users, including top institutional investors and banks.

To achieve their vision of modernizing equity capital markets, CMG needed a solution that adhered to stringent security and compliance standards, integrated seamlessly into the workflows of some of the world’s largest financial institutions, and fostered collaboration across market participants. Overcoming these challenges was crucial to realizing their goal of transforming the industry.

04. Solution

We tackled CMG’s challenges by assembling a team of senior engineers with the expertise to elevate the quality and functionality of their digital platforms. Working closely with CMG’s in-house product development team, they conducted a comprehensive evaluation of the existing codebase and refactored it to meet enterprise-grade standards.

This optimization ensured the platforms were fast, stable, and scalable, capable of handling the large volumes of data required by CMG’s users. Leveraging our deep expertise in React.js, a leading JavaScript framework, we streamlined development processes and delivered intuitive, user-friendly interfaces that enhanced the overall user experience.

In collaboration with CMG’s product leadership team, we also implemented robust security measures to meet strict regulatory requirements. This was especially critical, given the platforms’ use by major financial institutions like Bank of America and Franklin Templeton, where compliance and security are paramount. Together, we developed and launched two flagship products:

1 .CMG XC™

A workflow platform designed to simplify complex tasks, such as launching offerings, building order books, and confirming allocations.

2. CMG DataLab™

A Comprehensive data intelligence tool that provides real-time analytics, market trends, and historical data to empower informed decision-making.

These solutions addressed key inefficiencies in equity capital markets, setting a new standard for digital collaboration, transparency, and efficiency.

05. Outcome

We are proud to have helped CMG deliver transformative results, significantly impacting the equity capital markets. CMG XC™ now powers 70% of the U.S. ECM market, serving as a centralized platform for seamless collaboration between major banks and asset managers. Over 135 buy-side firms, collectively managing more than $40 trillion in assets, have adopted CMG’s solutions.

By integrating workflows and automating manual processes, the platforms have dramatically improved efficiency, reduced errors, and enhanced transparency across all participants.

Over time, our partnership extended beyond engineering support. We have helped CMG establish a dedicated tech hub in Brno, Czech Republic, where we recruited a team of over 25 in-house product builders who have become integral to CMG’s operations. Throughout this multi-year collaboration, CMG entrusted us to lead the growth of its product development organization. With OAK’S LAB’s support, the success of CMG XC™ and CMG DataLab™ has solidified CMG’s position as a fintech innovator, reshaping the equity capital markets industry.

The partnership between OAK’S LAB and CMG demonstrates the powerful results that can be achieved when visionary leadership is paired with exceptional engineering talent. By overcoming CMG’s initial technical challenges and supporting the development of industry-leading platforms, we are honored to have played a pivotal role in transforming equity capital markets. 

CMG XC™ and CMG DataLab™ are more than just tools, they are catalysts for innovation, driving collaboration and efficiency across the financial ecosystem.

“In the initial phase of our engagement with OAK’S LAB, we needed high-quality talent to augment our development team. As our company grew, we started facing the challenge of scaling our team fast enough to build features that would meet the growing demands of our clients. In both phases, OAK’S LAB delivered."

Stamo Hadjiyski

Co-Founder, CMG

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