Consverge Announces New Advisory Board Members & Lead Investors

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UK-based expert network aggregator, Consverge, announced today that three well known industry executives have joined the firm’s advisory board and will also become co-lead investors in the company’s latest investment round.

Newest Members of the Advisory Board

The three newest members of Consverge’s Advisory Board include Amar Rajani, Jeremy Davies and John Chase have a combined of more than seventy years of experience working in various roles in the global investment banking, asset management, market data, and FinTech industries.

Amar Rajani is the Founder and Managing Director of Argella Limited, a company that provides specialist consulting services to FinTech, SaaS, and data businesses.  Previously, Amar spent 17 years at Bloomberg LP as the Global Product Manager for the research management business.

Jeremy Davies is an experienced non-exec and advisory member on the board of several large companies and has significantly contributed to the private equity and hedge fund industry during his career.  He was also the Co-Founder and CEO of RSRCHXchange where he built the foremost investment research platform, raised VC money, and also managed a successful sale of the business to Liquidnet in 2019.

John Chase is currently serving variously as Chair, Non-Exec, and Advisory Board Member across multiple industries internationally. Utilizing 20 years of investment banking experience advising top-tier companies on fundraising, risk management, and M&A, John is now helping companies design and implement successful strategies to scale, consolidate, and ultimately monetize their full potential.

Commenting on his appointment to the Advisory Board, Amar Rajani said, “Consverge is looking to change the Expert Network Ecosystem in the same way online financial research evolved in the early 1990s. The Expert Network industry has largely been untouched during this same period with providers of expert networks working in isolation and without the benefit of a platform can serve and benefit the entire industry.”

Besides serving on Consverge’s Advisory Board, all three executives will also be co-lead investors in the company’s upcoming capital raise.

Our Take

Founded in 2020, Consverge provides an enterprise software platform that aggregates access to the experts sourced from $1.5 bln expert network industry, enabling users at private equity firms, hedge funds, asset management firms, consultants, and corporations a simpler vendor management experience, more consistent compliance process, and improved expert matching quality.

Consverge is a new vendor in the small but increasingly competitive expert network aggregation business.  Other firms in this space include proSapient, Inex One, Mosaic Research Management, and Coleman Research’s Expert Relationship Management (ERM) platform which consolidates expert relationships, whether they come from internal networks or third parties.

Consverge’s announcement that three experienced industry executives have recently joined its Board of Advisors is good news for the fledgling business as these advisors should help add credibility to the management team.  However, the big question is how Consverge can differentiate its platform from the other players in the space, and whether the firm can gain significant traction with the users of the 140+ expert networks that currently exist.  It will be interesting to see how Consverge fares in these regards.

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About Author

Mike Mayhew is one of the leading experts on the investment research industry. In addition to founding Integrity Research, Mike is on the board of directors of Investorside Research Association, the non-profit trade association for the independent research industry, and a frequent speaker on research industry trends and developments. Mike has over thirty years of research industry experience. Email: Michael.Mayhew@integrity-research.com

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