Gandel Invest acquires stake in EngageRM

Gandel Invest, led by father-and-son duo Tony and Adam Gandel, has taken half of EngageRM's Series A placement, with Adam Gandel joining the company's board.

The funds will support EngageRM's US expansion and further growth into the UK, building on a first capital raise a year earlier that helped fund the company's Microsoft co-sell partnership. EngageRM's momentum in the US continues to build, with clients including the LA Clippers and Intuit Dome, alongside a growing Australian client base spanning AFL, NRL and the Melbourne Cricket Ground.

"We are teaming up with an incredibly well known and respected Australian business and investment family," said EngageRM CEO Ned Coten.