WealthForge looks for $2.5m through convertible notes

Private fundraising technology provider WealthForge is planning to take on another $2.5m in capital through a convertible note offering.

The Washington, state company offers technology to connect issuers, investors and their intermediaries on one platform.

The technology can also handle compliance and investment processing and aims to make the investment process more transparent and efficient.

The company previously raised $2.2m in a similar round of funding that used convertible notes.

It has raised more than $5m in total since launching in 2009.

WealthForge will use the capital to build on its core business and expand its sales, marketing and support teams.

It expects to finish fundraising by the end of the year.

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