DealMaker, a provider of retail capital-raising software, continues to look at acquisitions alongside a primary focus on organic growth, co-founder and CEO Rebecca Kacaba said.

The company remains flexible on size, Kacaba said, looking at targets with roughly USD 1m-USD 20m in revenue and investor relations tools or generative artificial intelligence (AI) capabilities.

Having relocated its headquarters to New York from Toronto in April 2025, DealMaker is now focused on US-based targets. In July 2025, it acquired Rally On Media, a New York-based video creative agency, a longtime partner, according to Kacaba.

Kacaba told this news service in January 2025 that DealMaker was weighing acquisitions ahead of a potential sale or initial public offering (IPO) in two to three years, and could raise capital opportunistically in the interim. Asked about exit timing for this report, she declined to comment.

DealMaker has been backed by its founders and early investors since 2018. In September, it hired Ryan Levenberg as CFO. Levenberg was previously CFO of investor relations platform Q4 Inc., which he took public on the Toronto Stock Exchange in 2021. Kacaba said the appointment does not signal a move toward a listing.

In November 2025, DealMaker raised USD 20m in equity and debt, led by Information Venture Partners (IVP), its first institutional venture-capital partner, alongside existing lender CIBC Innovation Banking. The debt portion refinanced and expanded the CIBC facility, while DealMaker chose IVP, Kacaba said, for its guidance and its record of three to four unicorn exits. Q4 founder and chairman Darrell Heaps also joined DealMaker’s board, adding capital-markets experience.

Kacaba said DealMaker generated more than USD 60m in revenue in its fiscal year ended 31 March 2026 and remains on track to reach more than USD 100m within the next two years. Revenue is a mix of recurring and transactional sales, and the business continues to operate at breakeven by design.

DealMaker provides white-label technology that lets companies run their own online securities offerings – under Regulation A+, Regulation CF, and Regulation D – raising capital directly from retail investors. It handles investor onboarding, identity and compliance checks, payment processing, and investor relations management, and layers on AI-driven marketing to attract and convert investors.

Its affiliated broker-dealer, DealMaker Securities, acts as broker-dealer of record. A dedicated division, DealMaker Sports, launched in September 2025, applies the platform to fan-led ownership raises for teams, leagues, and athletes.

The platform has more than 2m retail investors, Kacaba said, with an average investment of USD 3,600 and more than USD 2.8bn in capital processed, a figure she expects to approach USD 3bn by the end of this year.

Kacaba and Chief Revenue Officer Mat Goldstein co-founded DealMaker. In 2022, the company acquired digital investor acquisition firm Ridge Growth Agency and the FundAmerica book of business from Prime Trust. Prior to its latest raise, DealMaker had raised tens of millions of dollars. Investors include the Canadian Securities Exchange, Mawer Investment Management, and Conconi Growth Partners.

Other retail investment marketplaces and portals include StartEngine, Wefunder, Republic, and Netcapital.

The biggest recent move in the space, according to Kacaba, has been Robinhood’s push to give its 25m retail investors access to private companies through two publicly traded funds, listed in March 2026 and August 2026. SpaceX allocated roughly a fifth of its IPO to retail investors – more than double the 5% to 10% retail share of a traditional offering – and OpenAI and Anthropic, both moving toward IPOs, could do the same, Kacaba said, with OpenAI having signaled it wants a sizable retail allocation of its own.

Recent deals in the private-markets and capital-raising space this year include Securitize’s SPAC merger at a USD 1.25bn valuation; StartEngine’s acquisition of Vinovest for a reported USD 14m in stock; Charles Schwab’s USD 660m purchase of Forge Global; and Morgan Stanley’s acquisition of EquityZen. In 2025, Republic acquired Canadian-listed INX Digital for up to USD 60m — a 457% premium.

DealMaker has approximately 180 employees and additional offices in Los Angeles, Toronto, and Medellín, Colombia. The company uses law firm Dentons and accounting firm BDO.