A Look Back at 2017
As the new year begins, we're taking some time to look back at our greatest highlights of 2017.
2018 is officially here! It’s time for new resolutions, renewed goals and, of course, reflection.
Last year was huge for CFX Markets, especially in terms of growth—and looking back, it’s clear we have so much to be thankful for as we carry the momentum into the new year. As our company grew in size and revenue, we simultaneously outgrew spaces and expectations. When a goal was suddenly in rearview, we quickly realized that limitless stretch of our team’s capabilities, positioning us for a strong kickoff to 2018.
To make matters sweeter, local tech and startup-focused publication Built In Chicago announced their annual 50 Companies to Watch, and CFX Markets was on the list.
Here’s a brief look back on the quarterly milestones that shaped 2017 into a powerful launchpad for CFX Markets.
At just 5 people strong, CFX Markets began its quest for disruption at the very start of 2017—implementing protocols, building product and strategic partnerships and staking a claim as the new kid on the alternative investments block. And after a few months of steady expansion, we were settled into our new headquarters office in downtown Chicago, accommodating our growth in staff and record-high volume. Read more about our early days here: SixThirty invests in 5 new fintech startups
One of our greatest achievements to date began in Q2: closing on fundraising. It was a slow climb to this win—one that doesn’t always play out as planned—but ultimately, our leaders’ expertise in crowdfunding mixed with our tenacious team’s hard work proved effective. Q2 was especially pivotal for our technology department (though still half the size it is today) who carried out the first of many competitive products and services offered through the CFX Markets platform. These developments allowed us to support our versatile user base in unique ways and to nurture long-term partnerships that have since blossomed. This quarter also included our official introduction to the market. Read Crowdfund Insider’s full story about it here.
Q3 was a very transitional time for us between new and established; it’s as if we all blinked our eyes and suddenly our team had doubled and our trading desk was a busy beast of activity. We were heads-down and laser-focused as we began our strategic 18 month transformation from a broker format towards a faster, more-streamlined exchange platform, which we’re nearing today. Our collective hard work, transparency and already-established position within the space continues to make this all possible.
We closed 2017 with a bang. By the end of the year, we’d sponsored one of the biggest conferences within the alternative investing industry, the ADISA Annual Conference, and we’d wrapped up a number of tech initiatives that have been critical components in moving the needle around business objectives.
Most notable, however, was our official announcement of closing our Series A round of funding, a fundamental achievement to any determined startup. Read our press release about our closed funding here, or check out Built In Chicago’s story about the accomplishment here. Above everything though, it meant a prosperous 2018. Bring on the new year.