Dakota is a financial, software, data and media company based in Philadelphia, PA. Founded in 2006, the company has raised over $40 billion for boutique investment firms. Dakota’s flagship product, Dakota Marketplace, is a comprehensive institutional investor database used by over 6,000 fundraisers and more than 1,400 global investment firms.
Highlights
Dakota Marketplace: A current institutional investor database with over 9,000 qualified contacts and 31,000 total contacts. The platform includes features such as institutional searches, public plan minutes, manager presentations and fee studies.
Integration Features: Dakota offers integrations with various CRM systems including Salesforce, HubSpot, Dynamo, Satuit and Altvia, enabling seamless data synchronization and improved workflow efficiency.
Dakota Live!: A series of weekly calls and podcasts that provide investment industry insights, including interviews with key clients, metro area overviews, and more.
Benefits
Comprehensive and accurate data: Dakota Marketplace is built by fundraisers for fundraisers, ensuring data is relevant, complete, and updated daily.
User-friendly platform: The intuitive interface allows users to easily navigate the database, create targeted lists, and access industry insights without having to switch between multiple tools.
Dedicated support: Dakota’s Membership Services team provides a best-in-class approach to client success, acting as an extension of clients’ teams to ensure they get maximum value from the platform.
Cons
Pricing: A yearly subscription to Dakota Marketplace costs $15,500, with additional user licenses costing $1,000 each. This can be a significant investment for smaller companies.
Geographical coverage: Currently, Dakota’s platform is primarily focused on the U.S. and Canadian markets, which may limit its usefulness for companies seeking global investor data.
Customer reviews
Users have reported that Dakota Marketplace provides information on investors that would normally require multiple calls or meetings, allowing companies to position their products more effectively and save time.
Additionally, customers have found that Dakota Marketplace has helped them overcome outdated and obsolete data, which has led to an increase in commitments.
FAQs
What is Dakota Marketplace?
Dakota Marketplace is a complete solution that provides investment sales teams with complete and accurate contact information to accelerate their fundraising efforts.
How does Dakota collect and update its data?
Dakota collects and updates information through the efforts of its investment sales team over the past 15 years, supported by a dedicated data team that verifies and maintains the accuracy of the data.
Does Dakota Marketplace integrate with CRM systems?
Yes, Dakota offers a Salesforce integration called Dakota Marketplace for Salesforce App. For other CRMs, options such as accessing their API or a flat file alternative are available.
What types of companies use Dakota Marketplace?
A wide range of investment firms, from large distribution shops to local investment boutiques across various asset classes, use Dakota Marketplace.
How much does Dakota Marketplace cost?
An annual subscription costs $15,500, with additional user licenses available for $1,000 each.
Conclusion
Dakota offers a robust platform for investment professionals looking to streamline their fundraising efforts. With its comprehensive and accurate data, user-friendly interface, and dedicated support, Dakota Marketplace is a valuable tool for investment sales teams. However, firms should consider pricing and current geographic focus when evaluating suitability for their specific needs.
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