New York, NY (September 30th, 2015) – DealCloud, Inc. announced today that Digital Currency Group (DCG) has successfully implemented the firm’s leading venture and series seed pipeline and relationship management platform to support its investment efforts in the alternative currency and blockchain-based technology markets. Digital Currency Group is building and supporting bitcoin and blockchain companies through their insights, network, and access to capital, and will use the DealCloud platform to continue driving a disciplined investment strategy to identify promising young companies in this nascent industry.
Digital Currency Group selected DealCloud because the platform is a strong fit with the firm’s early stage investing process and because DealCloud is supported by professionals who understand the intricacies of venture investing. Ryan Selkis, Director of Investments at DCG, noted, “DealCloud complements our ability to source opportunities and drive competitive returns across all our investments. It enables us to focus our time on building and maintaining meaningful relationships instead of sifting through dense spreadsheets of data.”Digital Currency Group has nearly 60 investments in 17 different countries, and has become the most active seed investor in the bitcoin and blockchain ecosystem. DealCloud delivers the powerful tools needed to manage all elements of the workflow process for such a global, complex and evolving landscape. The DealCloud implementation team enabled a feature rich, ultra-secure platform to help the DCG team manage large volumes of data quickly and nimbly.
“We’re confident that the Digital Currency Group Investment team will find significant value in the flexibility of our comprehensive deal management system”, explained DealCloud’s Business Development Director, Gavin Dignon. “The DCG team is made up of experienced finance professionals who have a compelling vision to build an investment model that creates a global platform for blockchain-based innovation. Their industrious management team’s capacity for bringing clear-sighted insights to the table has been an invaluable resource to continually evolve and improve our platform.”
About Digital Currency Group
DCG owns and operates the industry’s leading bitcoin brokerage firm, Genesis Trading, and the largest digital currency asset management firm, Grayscale Investments, which manages the first publicly traded bitcoin investment vehicle, the Bitcoin Investment Trust (symbol: GBTC). Based in New York City, DCG is accelerating the development of a better financial system. View our portfolio at http://dcg.co/network or keep up with the latest developments on Twitter @DCGCo.
About DealCloud, Inc.
DealCloud is a pioneer in M&A Software. The Company was formed in 2010 by a team of former deal professionals with deep knowledge of the private capital markets. DealCloud has quickly emerged as a global leader in providing deal management, workflow, and technology solutions to all participants in the private capital markets, including private equity and growth capital firms, sell-side banks, publicly traded companies, and debt capital investors. We are well known for our client service and our team takes great pride in the delivery of our platform and the strength of our relationships with clients. At DealCloud, we understand the pace of deal execution and we are committed to working at the same cadence as our clients to deliver fast and accurate outcomes. Our team is fully committed to the success of our clients.