Rankings · Q1 2024 · Other Technology

The fundraisers who placed the most.

Broker-dealers ranked by the operating-company rounds they were paid to place in other technology, as filed with the SEC on Form D. Funds, real estate and insurance products are left out.

‹Q1 2024›an earlier quarter
Laidlaw & Company (UK)2 rounds · $3.0M2Maxim Group3 rounds · $21M1Network 1 Financial Securities2 rounds · $3.0M2
24company rounds placed by a broker-dealer
73%of the 33 company Form Ds filed in this industry
$189Msold in those rounds
5%median fee, as a share of the money raised
#FirmRounds placedSoldMedian feeLast 8 quarters
1NewMaxim GroupMostly other technology3$21M5%2NewLaidlaw & Company (UK)Mostly other technology2$3.0M5%2NewNetwork 1 Financial SecuritiesMostly other technology2$3.0M5%2▲ 1Boustead SecuritiesMostly other technology2$575k26%5NewPiper Sandler & Co.Mostly other technology1$50M1.8%5NewNeedham & CompanyMostly other technology1$32M2.4%5NewCraig JohnsonMostly other technology1$24M-5NewMichael GobesMostly other technology1$24M-5NewUmergenceMostly other technology1$24M-5▼ 2Aegis CapitalMostly other technology1$22M6.2%5NewRoth Capital PartnersMostly other technology1$8.0M4%5NewAmerican Capital PartnersMostly other technology1$7.0M7%5NewArcadia SecuritiesMostly other technology1$7.0M7%5NewHorang SecuritiesMostly other technology1$6.5M0.1%5NewGT SecuritiesMostly other technology1$3.3M1%5NewLadenburg Thalmann & Co.Mostly other technology1$2.9M6.5%5NewJoseph Gunnar & Co.Mostly other technology1$2.5M5.5%5NewThe Benchmark CompanyMostly other technology1$2.3M1.4%5NewRainmaker SecuritiesMostly other technology1$2.3M3.8%5▼ 2Dawson James SecuritiesMostly other technology1$1.0M6.9%5▼ 2Digital OfferingMostly other technology1$240k-5NewTerraNova Capital EquitiesMostly other technology1$200k-5NewCastle PlacementMostly other technology1$100k-5NewINX Securities, LLC.Mostly other technology1$13k-

Since Q4 2023

Who moved

20 of this quarter's top 24 placed no company round at all the quarter before.

29Q2 2227Q3 2228Q4 2226Q1 2324Q2 2323Q3 2324Q4 2324Q1 24
#3#2▲ 1 placesBoustead Securities2 rounds this quarter, 1 the quarter before#1New in the tableMaxim Group3 rounds this quarter, none the quarter before#2New in the tableLaidlaw & Company (UK)2 rounds this quarter, none the quarter before#2New in the tableNetwork 1 Financial Securities2 rounds this quarter, none the quarter before

What it costs

Half of fundraisers take 3.5% to 8%

The sales commission filed on each Form D, as a share of the money sold, across 603 placements in the four quarters to Q1 2024. Half fall between 3.5% and 8%; the middle one is 6%. Finder's fees and warrants are not in the figure, so the real cost is often higher.

median 6%
0%1%2%3%4%5%6%7%8%10%+

Filed in Q1 2024

The quarter's placements, as they were filed

  • 28 MarINX Securities, LLC.Unicoin Inc.Other Technology$13k
  • 13 MarRainmaker SecuritiesEV Dot Energy LtdOther Technology$2.3M
  • 13 MarDawson James SecuritiesAgEagle Aerial Systems Inc.Other Technology$1.0M
  • 12 MarLaidlaw & Company (UK)TCI Acquisition Company, Inc.Other Technology$20k
  • 11 MarMaxim GroupSEALSQ CorpOther Technology$10M
  • 29 FebAegis CapitalDarioHealth Corp.Other Technology$22M
  • 29 FebDigital OfferingHyperSciences, Inc.Other Technology$240k
  • 28 FebBoustead SecuritiesValens Pay Global LtdOther Technology$100k
  • 27 FebThe Benchmark CompanyEvolon Technology, Inc.Other Technology$2.3M
  • 23 FebPiper Sandler & Co.Nauticus Robotics, Inc.Other Technology$50M
  • 22 FebTerraNova Capital EquitiesTm Technologies Inc.Other Technology$200k
  • 15 FebCraig JohnsonSea Street Technologies, Inc.Other Technology$24M
  • 15 FebBoustead SecuritiesMedical Realities, Inc.Other Technology$475k
  • 7 FebRoth Capital PartnersSpringBig Holdings, Inc.Other Technology$8.0M
  • 7 FebLadenburg Thalmann & Co.Mobilicom LtdOther Technology$2.9M
  • 6 FebGT SecuritiesAdvano, Inc.Other Technology$3.3M

Looking for someone to place your round?

Every fundraiser we have seen place a company round, with their deals, fees and the industries they work in.

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How the table is made

Where do the numbers come from?

From the SEC's Form D data sets. A company raising privately files a Form D, and when a broker-dealer is paid to sell the round, the filing names it with its commission. We count each new filing once per firm named on it, and leave out amendments, funds and real estate. Insurance and investing filings are left out too: they are an insurer's policy accounts and investment vehicles, sold through dozens of firms at once, not companies raising a round.

Why is the latest quarter a quarter behind?

The SEC publishes the data sets quarterly, after the quarter closes. A quarter only appears here once its filings are in.

Can a firm change its place?

No. The table is computed from filings alone. A firm can claim its page and add to it, but cannot change what it placed.

What is the badge?

Firms in the overall top 10, or the top 3 of an industry, can show their standing on their own site with a badge from their page. It updates when the next quarter arrives.

What does it leave out?

Rounds where nobody was paid to sell, which is most venture rounds, and placements a firm makes without filing. A low rank is not a verdict on a firm; it is what the filings show.