March Capital

What March Capital does

March Capital Corporation is a Chicago-based FINRA member financial services firm founded in 1993 by Richard J. Rice, specializing in investment banking and private placements for middle market and early-stage companies. The firm's core services include mergers and acquisitions advisory, capital formation and financing, and private placement execution, with deal-making reach across healthcare, manufacturing, real estate, energy, technology, and media/communications/entertainment sectors. A network of over 30 investment professionals is leveraged to source transactions and route them to a capital base that spans institutional investors, family offices, high net worth individuals, and holding companies.

The firm operates a traditional broker-dealer, project-based professional services model. Revenue is generated from investment banking fees and private placement transaction fees; pricing is bespoke and undisclosed, typical for advisory engagements of this nature. There is no proprietary technology platform — the firm's product is its advisory expertise, regulatory standing, and capital-source relationships, with founder Richard J. Rice controlling and operating the firm for over three decades. The only disclosed recent transaction is a lead investment of $25 million in AI-powered IT platform SuperOps in January 2025, extending the firm's footprint into venture-stage tech financing and signaling selective participation in growth-stage rounds alongside traditional middle-market advisory work.

Name

March Capital

Legal name

March Capital Corporation

Website

https://marchcapital.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

March Capital Corporation is a Chicago-based, FINRA member investment bank founded in 1993 by Richard J. Rice, providing middle-market and early-stage companies with M&A advisory, capital formation, and private placement services via a 30+ professional network.

Ownership category

akta.pro rank

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Banking and M&A Advisory: Fees earned from investment banking transactions and mergers and acquisitions advisory services for middle market and early stage companies.
2. Capital Formation and Private Placements: Revenue from facilitating capital raises and private placements for early stage entities, connecting companies with institutional investors, family offices, high net worth individuals, and holding companies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

March Capital Corporation is a FINRA member financial services firm focused on middle market and early stage investment banking and private placements. Its core offerings include mergers and acquisitions advisory, capital formation and financing, and private placement transactions that connect companies with institutional investors, family offices, high net worth individuals, and holding companies. The firm is led by a network of more than 30 experienced investment professionals who develop and execute these transactions across healthcare, manufacturing and industrial, financial services, real estate, energy, technology, media/communications/entertainment, and managed investment programs.

Product overview

March Capital Corporation is a single-service financial services firm offering investment banking, capital formation, and private placement services. The firm focuses on middle market and early stage investment banking transactions, connecting companies with capital sources including institutions, family offices, high net worth individuals, and holding companies. Services include mergers and acquisitions advisory and capital formation and financing. The firm is a FINRA member and has facilitated over 3,000 American jobs through its capital raises for early stage entities.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Banking Services Middle market and early stage investment banking services including capital formation and financing, mergers and acquisitions advisory, and private placements for companies seeking strategic transactions and capital raises.
• Capital Formation and Financing Capital formation services that connect early stage entities and middle market companies with capital sources including institutions, family offices, high net worth individuals, and holding companies.
• Private Placements Private placement offerings for early stage entities managed in compliance with FINRA regulations, leveraging the firm's broker-dealer standing to access institutional and high net worth capital sources.
• Mergers and Acquisitions Advisory M&A advisory services for middle market companies and early stage entities, including sell-side, buy-side, and strategic transaction execution.

Quantifiable outcome

• Over 3,000 American jobs created through assisted capital raises

Named customers5 records

Segments9 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights5 records

Direct peers

• Loop Capital Markets: Chicago-based minority-owned investment bank and broker-dealer providing middle-market advisory, capital raising, and public finance services. Closely comparable to March Capital in geography, middle-market focus, and FINRA-regulated model.
• David A. Noyes & Company: Privately held Chicago-based broker-dealer and investment bank serving middle-market and emerging companies. Comparable in scale, Chicago headquarters, FINRA membership, and mid-market capitalization advisory orientation.
• Boenning & Scattergood: Privately held middle-market investment bank and wealth management firm. Comparable in being boutique, middle-market focused, and providing capital markets and advisory services to similar clients.
• Dominick & Dominick: Private independent investment bank and broker-dealer providing middle-market advisory, capital raising, and institutional research. Similar to March Capital in being an independent, founder-influenced middle-market firm.
• Roberts & Ryan: Chicago-based middle-market investment bank focused on M&A and capital raising for privately held businesses. Directly comparable to March Capital in geography, size, and middle-market advisory model.
• National Securities Corporation: Independent broker-dealer providing investment banking, capital markets, and private placement services to middle-market companies. Comparable offering, structure, and client profile to March Capital.

Broad incumbents

• Mesirow Financial: Chicago-headquartered diversified financial services firm with a middle-market investment banking practice among broader offerings. Comparable via Chicago base and middle-market M&A/capital markets overlap, though much larger and more diversified.

Regional players

• Estrada Hinojosa & Company: Texas-headquartered middle-market investment bank with focus on municipal and corporate capital raising. Adjacent comparable to March Capital as a middle-market capital advisory firm, though primarily serving a different region.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about March Capital