D. Boral Capital: Comprehensive Company Profile

Background

Overview

D. Boral Capital LLC is a premier, relationship-driven global investment bank headquartered in New York. Established in 2020, the firm specializes in providing strategic advisory and tailored financial solutions to middle-market and emerging growth companies across diverse sectors. Leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America, D. Boral Capital has successfully aggregated approximately $35 billion in capital, executing around 350 transactions across a broad range of investment banking products.

Mission and Vision

D. Boral Capital is dedicated to delivering exceptional strategic advice and financing solutions, aiming to be a leading partner and advisor to clients by enabling them to achieve their strategic goals.

Industry Significance

Since its inception, D. Boral Capital has established itself as a recognized leader on Wall Street, demonstrating significant growth and influence within the financial services sector. The firm's commitment to innovation and excellence has solidified its position as a key player in the investment banking industry.

Key Strategic Focus

Core Objectives

D. Boral Capital focuses on providing exceptional strategic advice and financing solutions to middle-market and emerging growth companies, aiming to be a leading partner and advisor to clients by enabling them to achieve their strategic goals.

Areas of Specialization

The firm specializes in various investment banking services, including:

• Investment Banking: Collaborating with both domestic and global companies to offer innovative financing solutions and strategic support in navigating U.S. capital markets.

• Wealth Management: Providing personalized financial strategies, including investment advice, retirement planning, and tax optimization.

• Capital Markets: Offering tailored solutions, market insights, execution capabilities, investment guidance, and access to worldwide outreach networks.

• Research & Strategy: Delivering research from various industries with detailed insights, recommendations, and forecasts for informed decision-making.

Key Technologies Utilized

While specific proprietary technologies are not detailed, D. Boral Capital emphasizes leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America, to provide comprehensive financial solutions.

Primary Markets Targeted

The firm primarily targets middle-market and emerging growth companies across diverse sectors, leveraging its global reach to serve clients in the United States, Asia, Europe, the Middle East, and Latin America.

Financials and Funding

Funding History

D. Boral Capital has demonstrated significant growth since its inception, aggregating approximately $35 billion in capital and executing around 350 transactions across various investment banking products.

Recent Funding Rounds

In January 2025, D. Boral Capital secured strategic investments from ARC Group, a leading global investment bank and management consultancy firm, and an institutional investor. These partnerships are expected to accelerate the firm's growth and innovation in the coming years.

Notable Investors

Specific details about individual investors are not publicly disclosed.

Utilization of Capital

The recent strategic investments are intended to expand D. Boral Capital's reach, enhance its service offerings, and drive innovative solutions for the mid-market sector.

Pipeline Development

Key Pipeline Candidates

D. Boral Capital has been involved in several significant transactions, including:

• Mobix Labs, Inc.: Acted as the exclusive placement agent for a $6,000,000 follow-on offering on January 6, 2026.

• Aduro Clean Technologies Inc.: Served as the lead underwriter for a $20,000,000 underwritten public offering on December 22, 2025.

• Robo.ai Inc.: Acted as the placement agent for the first tranche of a $180,000,000 PIPE on December 12, 2025.

• New America Acquisition I Corp.: Served as the co-lead bookrunner for a $345,000,000 initial public offering on December 5, 2025.

• SC II Acquisition Corp.: Acted as the sole bookrunner for a ~$173,000,000 initial public offering on November 28, 2025.

Stages of Development

The firm is actively involved in various stages of development, including initial public offerings (IPOs), follow-on offerings, private investments in public equity (PIPE) transactions, and other capital market activities.

Target Conditions

D. Boral Capital focuses on middle-market and emerging growth companies across diverse sectors, leveraging its global reach to serve clients in the United States, Asia, Europe, the Middle East, and Latin America.

Anticipated Milestones

The firm continues to expand its portfolio and capabilities, with recent milestones including the Nasdaq membership approval in February 2025, enhancing its ability to execute high-profile investment banking transactions.

Technological Platform and Innovation

Proprietary Technologies

Specific proprietary technologies are not detailed in the available information.

Significant Scientific Methods

While specific scientific methodologies are not detailed, D. Boral Capital emphasizes leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America, to provide comprehensive financial solutions.

AI-Driven Capabilities

Specific AI-driven capabilities are not detailed in the available information.

Leadership Team

Executive Profiles

• David W. Boral: Founder and Chief Executive Officer. Prior to D. Boral Capital, David held leadership positions at Aegis Capital Corp and Maxim Group. He holds a bachelor's degree in Business Administration from the Lubin School of Business at Pace University.

• Gaurav Verma: Co-Head of Investment Banking. Gaurav has over 10 years of experience in the Technology, Media, and Telecom sector, executing over $100 billion in transactions. He holds an MBA in Finance and Entrepreneurship from the NYU Stern School of Business and a BS in Computer Science and Economics from Rutgers University.

• Stephanie (Mengjie) Hu: Co-Head of Investment Banking. Stephanie has over 9 years of experience in Investment Banking and Financial Services, completing over 100 transactions across various industries. She holds a Master’s degree in Finance from the University of Rochester and is bilingual in English and Mandarin.

• John Darwin: Chief Investment Officer. John has 15 years of experience in private equity, venture capital, and corporate development, focusing on high-growth and emerging industries. He holds a BBA in Finance from the Cox School of Business at Southern Methodist University.

• Phil Wiederlight: Chief Operating Officer. Phil has 15 years of experience in Financial Services, holding leadership positions at GoldenTree Asset Management, Sculptor Capital, and JP Morgan. He holds a Bachelor’s degree in Business Administration from the Miami Herbert Business School at the University of Miami.

• Jared S. Merlin: Chief Compliance Officer. Jared has over two decades of Compliance experience, providing regulatory advice and oversight to investment banks and broker dealers. He holds a bachelor's degree from Syracuse University and an MBA from the NYU Stern School of Business.

• Sharad Agrawal: Chief Technology Officer. Sharad has experience in Private Equity in a technology leadership capacity, improving infrastructure, cybersecurity, and technology operations. He holds a Bachelor’s degree in Business Administration from the Miami Herbert Business School at the University of Miami.

Leadership Changes

In November 2024, D. Boral Capital announced the rebranding from EF Hutton LLC to D. Boral Capital LLC, reflecting refined leadership and enhanced governance.

Competitor Profile

Market Insights and Dynamics

The investment banking sector is characterized by a competitive landscape, with numerous firms offering a range of services to middle-market and emerging growth companies. D. Boral Capital's focus on relationship-driven services and global reach positions it favorably within this market.

Competitor Analysis

Key competitors include traditional investment banks and boutique advisory firms that cater to similar client segments. D. Boral Capital differentiates itself through its