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February 6, 2014 07:00 pm GMT
Crowdfunder, the Venice-based crowdfunding platform which helps to connect entrepreneurs and investors, particularly in the area of local investment, has raised an additional million in seed funding, the company is announcing today. The funds will help the company further expand its activities outside the U.S., as well as continue development of its subscription-based fundraising and marketing platform for entrepreneurs. Participating in the round were 500 Startups / 500 Mexico, Rob Nail (CEO of Singularity University), K5 Ventures, Ben Goldhirsh (CEO of GOOD), Sharon Chang (CEO of Yoxi), a Banamex Director (a small business bank in Mexico), and other U.S. and Latin American individual investors. The company says this brings its total raise to date to just under $2 million. Founded in 2011, and launched the following spring, Crowdfunder’s initial focus was on making connections between startups, small businesses, and other for-profit enterprises through local events. While still an ongoing focus today, changes to the regulatory environment around six months allowed the platform to open up more broadly to accredited investors. Specifically, the SEC issued “No-Action” letters, plus Crowdfunder benefitted from Title 2 of the JOBS Act, which allows companies to now publicly solicit funding. Since then, Crowdfunder has funded 13 deals in the seed and Series A stage, with an average deal size of about $1.2 million. The majority of those are tech startups, but others are social enterprises and small businesses. To date, $55 million in investment deal flow has come through Crowdfunder, the company says. Today, Crowdfunder has seen 40,000 entrepreneurs and investors on its platform, which includes 7,000 companies who converted to paying accounts. A smaller portion of these accounts are active at present, as the companies generally pay the premium during their active fundraising process. Instead of taking a percentage of the funds raised, Crowdfunder instead charges companies a flat fee based on how much they’re raising, and other factors, like whether or not they want a featured position on the site. Its packages start at $99/month and go up to $999/month, the latter which is more typically used by those funding their Series A.Thanks to the new investment, the plan is now introduce an additional tier to this service which will better centralize the fundraising process for entrepreneurs into more of a CRM system, by allowing them to tap into their social networks, and pull in their Gmail contacts to help figure out who you
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/08-HYDME9xY/
Crowdfunder Raises Another Million Ahead Of International Expansions
Crowdfunder, the Venice-based crowdfunding platform which helps to connect entrepreneurs and investors, particularly in the area of local investment, has raised an additional million in seed funding, the company is announcing today. The funds will help the company further expand its activities outside the U.S., as well as continue development of its subscription-based fundraising and marketing platform for entrepreneurs. Participating in the round were 500 Startups / 500 Mexico, Rob Nail (CEO of Singularity University), K5 Ventures, Ben Goldhirsh (CEO of GOOD), Sharon Chang (CEO of Yoxi), a Banamex Director (a small business bank in Mexico), and other U.S. and Latin American individual investors. The company says this brings its total raise to date to just under $2 million. Founded in 2011, and launched the following spring, Crowdfunder’s initial focus was on making connections between startups, small businesses, and other for-profit enterprises through local events. While still an ongoing focus today, changes to the regulatory environment around six months allowed the platform to open up more broadly to accredited investors. Specifically, the SEC issued “No-Action” letters, plus Crowdfunder benefitted from Title 2 of the JOBS Act, which allows companies to now publicly solicit funding. Since then, Crowdfunder has funded 13 deals in the seed and Series A stage, with an average deal size of about $1.2 million. The majority of those are tech startups, but others are social enterprises and small businesses. To date, $55 million in investment deal flow has come through Crowdfunder, the company says. Today, Crowdfunder has seen 40,000 entrepreneurs and investors on its platform, which includes 7,000 companies who converted to paying accounts. A smaller portion of these accounts are active at present, as the companies generally pay the premium during their active fundraising process. Instead of taking a percentage of the funds raised, Crowdfunder instead charges companies a flat fee based on how much they’re raising, and other factors, like whether or not they want a featured position on the site. Its packages start at $99/month and go up to $999/month, the latter which is more typically used by those funding their Series A.Thanks to the new investment, the plan is now introduce an additional tier to this service which will better centralize the fundraising process for entrepreneurs into more of a CRM system, by allowing them to tap into their social networks, and pull in their Gmail contacts to help figure out who youOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/08-HYDME9xY/
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