Funding | Release | Jan 16, 2024

Image: Unsplash/Shane

Katipult’s Innovative DealFlow Platform Spurs Significant Growth Raising $647M Capital in 2023

2023 was a year of robust growth for Katipult Technology Corp’s (TSXV: FUND).  Despite challenging economic conditions and a general slowdown in capital markets, Katipult DealFlow platform enabled a remarkable $647 million in capital raises.

• Enterprise customers raised 71% more capital year over year, from $318 million in 2022 to $545 million in 2023, highlighting the platform’s effectiveness in utilizing various exemptions, such as Reg D offerings in the US and the new LIFE exemption in Canada.
• Further, there was a 55% increase in the total number of deals launched, coupled with a 10% rise in average deal value. This trend not only reflects the growing confidence in Katipult’s platform but also suggests an optimistic outlook for capital markets activity as we move into 2024.

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• Enterprise transactions grew 6.8%, reaching a total of 19,018 in 2023.
• The average transaction value for enterprise customers soared to $78K per transaction, a substantial leap from $48K in 2022.

Gord Breese, Katipult’s CEO:

“Our platform continues to revolutionize the capital raising process, introducing modern workflows that benefit all stakeholders involved. This innovation leads to faster deal closings, reduced investor friction, and ultimately, more successful capital raising efforts.”

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