OffDeal Secures $12M Series A for AI Investment Banking

OffDeal, an AI-native investment bank, secured $12 million in a Series A funding round. Toronto-based Radical Ventures led the investment. This financing values the company at approximately $100 million.

OffDeal targets sell-side M&A for lower middle-market companies. It focuses on businesses with $10 million to $100 million in revenue. The platform automates many administrative and mechanical tasks.

The company leverages generative AI and agentic AI. This approach allows a small team of bankers to manage more deals. OffDeal aims to complete sales processes in about four months.

Founders Ori Eldarov and Alston Lin developed the platform. Eldarov previously worked at RBC, while Lin was an engineer at Meta. Their system indexes millions of US businesses for buyer identification.

AI-Driven M&A for SMBs

OffDeal's technology streamlines deal logistics. It automatically creates promotional teasers and manages non-disclosure agreements. The system also produces full company information memorandums.

The company charges a flat 5 percent success fee without an upfront retainer. OffDeal plans to integrate its models into a robust customer relationship management system.

OffDeal seeks to disrupt traditional investment banking models. This AI investment banking approach targets the lower middle-market. Firms like Goldman Sachs and Barclays typically serve larger clients, while OffDeal aims to be the "Goldman Sachs for SMBs."

The firm projects $100 million in annual run-rate revenue by late 2027. It expects to close 100 deals annually with a lean team.