New York City-based equity crowdfunding platform SeedInvest has raised $2 million in a targeted $3 million Series A round. The investors include Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Krillion Ventures and Archer Gray. In conjunction with the funding, Bradley Harrison, a managing partner at Scout Ventures, has been added to SeedInvest’s board of directors.
NEW YORK, NY–(Marketwired – Apr 14, 2014) – SeedInvest, a leading equity-based crowdfunding platform, announced today that it has launched a $3 million Series A round on its own crowdfunding platform. The first $2 million has already been committed by prominent venture capital firms, including: Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Krillion Ventures and Archer Gray. SeedInvest is excited to open up the remainder of its round to individual accredited investors who would like to invest alongside the aforementioned venture capital firms. This announcement marks the first time that a US-based equity crowdfunding platform has publicly raised capital for itself. Interested investors should go to www.seedinvest.com/seedinvest to learn more about the company and the investment opportunity.
The $3 million raise will enable SeedInvest to grow its team to support its rapidly growing investor base. In conjunction with the raise, Bradley Harrison, Managing Partner at Scout Ventures, will join SeedInvest’s Board of Directors.
“SeedInvest has both the right team and vision to capitalize on one of the largest shifts of economic power to retail investors that we have experienced in our lifetime,” said Harrison. “Their results clearly prove that they are addressing a huge problem for both investors and entrepreneurs.”
Since its launch in February 2013, SeedInvest has rapidly expanded its investment base, attracting thousands of investors who are looking to collectively invest more than $125 million in startups. In addition to establishing a thriving marketplace, SeedInvest is getting deals done. The company processed more than 60 investments worth over $2 million in March alone, and grew its transaction volume by 350% in the first quarter of this year versus the previous quarter.
Unlike other platforms that keep 20% of returns, SeedInvest is completely free for investors. This has enabled SeedInvest to attract larger investors who made investments as large as $550,000 last month. As a result, SeedInvest has proven that it can deliver capital quickly and bring high-value-add investors to the table. During March, SeedInvest helped Vengo, a high-tech digital vending machine, raise $720,000 online from a combination of venture funds, family offices and individual angel investors.
“Although we have had a tremendous start to 2014, we can’t wait for the 2nd half of this year,” said Ryan Feit, CEO and co-Founder SeedInvest. “As soon as the final portion of the JOBS Act kicks-in, we will open SeedInvest to 240 million Americans who will be able to invest in startup companies for the very first time.”
To learn more about SeedInvest and how equity crowdfunding supports entrepreneurs, watch this video: https://vimeo.com/91865611
SeedInvest is a leading equity crowdfunding platform that provides high-quality startup investment opportunities to investors who haven’t previously had access to them. SeedInvest was founded in 2012 by former professional investors Ryan Feit and James Han and is located in the heart of New York City’s entrepreneurial community. For more information please go to www.seedinvest.com and follow us on Twitter @seedinvest_co.