23mile Facilitates $25 million acquisition of investment tech startup
FOR IMMEDIATE RELEASE
Leading US Bank Acquires Financial Modelling & Fundraising Platform for $25 million
New York, NY – April 1, 2025 – One of the largest listed banks in the United States announced today the acquisition of Caena, a pioneering fintech platform that simplifies fundraising for startups and small businesses. This strategic acquisition strengthens the bank's commitment to innovating venture financing and enhancing access to capital.
Caena.io has emerged as a leader by automating complex fundraising processes, offering tools for financial modeling, investor matching, and streamlined investor relations. With an existing network of over 8,000 startups primarily in the UK, Middle East, and Africa, Caena.io facilitates efficient connections between early-stage businesses and venture investors.
This fits into the bank’s existing Investor Connect. A digital platform designed to streamline the fundraising process by connecting startup founders with venture capital investors. The platform offers features such as facilitating investor introductions, creating virtual data rooms, and enabling secondary market trading of company shares
This acquisition follows the bank's earlier purchase of Aumni, a prominent data analytics provider serving startup investors. Both acquisitions underscore the bank's dedication to leveraging artificial intelligence and cutting-edge technology to support the growing entrepreneurial ecosystem.
Kayode Odeleye, founder and CEO of Caena.io, commented, "Joining such a prestigious financial institution marks an exciting chapter for Caena.io. Together, we'll amplify our mission to democratise access to capital and significantly enhance financial literacy among entrepreneurs globally."
The US$25 million consideration will be paid in a mix of cash and stock, subject to customary closing conditions and regulatory approvals.
* Further details on the identity of the acquiring bank will be provided later today once the market opens
About Caena.io Caena.io is a fintech platform that simplifies fundraising and investment management for startups, small businesses, and investment firms. Established in 2021, Caena.io streamlines deal sourcing, evaluation, and portfolio management through innovative digital solutions.
About 23mile 23mile is a turnaround fund for venture backed startups who need capital and support to transit from hypergrowth to profitability What makes us unique is the combination of capital, restructuring support and M&A advisory we offer. We also create a true partnership where we build long-term success for all stakeholders - founders, investors and employees.
Media Contact: Rachel Gorman
Head of Communications
info@23mile.com
+44 20 7946 0123
