Water Tower Research LLC, the premier investor engagement and stakeholder communication platform powered by Wall Street veterans, has announced the successful completion of its equity fundraise.
In a statement, the company said the capital will fund the growth of its team and technology.
“Our equity fundraise provides Water Tower Research with precious growth capital to support the firm’s continued rapid expansion as we have evolved from the start-up phase in 2020 to a thriving organization in 2021,” said Water Tower Vice Chair and Co-Founder Tim Gerdeman.
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With seven analysts covering a variety of industries and companies, the company added that the capital will also be invested in the digital platform, which is open to anyone without a subscription fee.
“This capital will support Water Tower Research’s continued investment in human capital, building out our already formidable technology and digital media footprints, and support the firm’s working capital requirements,” said CEO Stuart Linde. “We have made significant progress since our launch less than a year ago, and completing this equity fundraise is another pivotal moment in our organization’s growth.”
Water Tower, based in Chicago, is a wholly-owned subsidiary of alphaDIRECT Group LLC.
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