Gate Technologies closes $3.6m funding round

Source: Gate Technologies

Gate Technologies announced today the successful closure of $3.6 million in funding from a group of private investors.

GATE plans to use the capital to expand its market infrastructure for providing an end-to-end solution buying and selling illiquid and alternative assets.

GATE has already launched a U.S.-based broker-dealer subsidiary, GATE US LLC, and the company plans to roll out at least two additional GATE Developing Marketplaces (GDMs) in 2011.

"This additional capital is also a validation of interest in the electronic trading of illiquid and alternative assets," said GATE Technologies co-founder and CEO Vincent Molinari. "This successful raise provides us with the tools to respond to a high level of demand from the market."

The investments were booked using GATE Pro, the trading platform of GATE US.


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