SeedInvest Uses Own Platform to Complete $4.15M Financing
June 12, 2014
SeedInvest, an equity-based crowdfunding platform, has completed a $4.15 million Series A financing round. The company met its initial $3 million goal in only one week and accepted $1.15 million of additional commitments before ending its campaign just a week later. The round was advertised publicly through general solicitation and was significantly oversubscribed. SeedInvest raised the first $2 million from prominent venture capital firms including Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures and Krillion Ventures. The company then closed $2.15 million from 42 angel investors through its own platform. During the two-week campaign, over 3,000 prospective investors accessed the investment opportunity and more than 400 signed up as new investors on the platform.