Circle Internet Financial Ltd., one of the most valuable U.S. cryptocurrency marketplaces, agreed to acquire crowdfunding firm SeedInvest as it seeks to help startups issue digital tokens and allow its own customers to trade a wider variety of coins. Terms of the transaction were not disclosed. SeedInvest, founded in 2012, helps private companies raise money from individuals on the internet. Investors can browse through businesses on the platform and then, depending on their eligibility, buy a piece of their favorite one. The New York-based firm facilitates the equity-crowdfunding service through its broker-dealer, SI Securities LLC.
New rules for IPOs in America - Open season
THE ECONOMIST - Sometimes revolutions have small beginnings. SeedInvest is a three-year-old company with 20 employees sharing space in a second-tier building near Wall Street. But it has positioned itself to be at the heart of a fundamental change in America’s capital markets. On June 19th Title IV of the JOBS (Jumpstart Our Business Startups) Act of 2012 goes into effect. It will change how small companies raise money. Those seeking $20m-50m will be able to offer their shares to the public while skipping some of the most costly regulatory requirements that normally involves, including being vetted by state officials, issuing quarterly reports and listing their shares on an exchange.
SeedInvest CEO: Startup Star?
500 Startups Files With The SEC So Dave McClure Can Talk Up His New $100M Fund
Dave McClure’s seed-stage investment firm 500 Startups is raising a big new $100 million fund. That’s not really news. But now, thanks to some filings with the SEC, McClure can finally talk about it. That’s because 500 Startups has filed the paperwork necessary to allow for a general solicitation exemption while fundraising. In plain English that means McClure, who has never exactly been shy about what’s happening at 500, can freely discuss that new fund in public. Like, maybe, at his conference for VCs and LPs tomorrow.
500 Startups is Using Public Fundraising for New $100M Fund
The firm plans to raise $100 million for its new, third fund, according to the contents of fundraising documents viewed by VentureWire. Its founder, Dave McClure, said his fund has joined with New York-based SeedInvest, an online investment platform, to facilitate public fundraising. SeedInvest created an “equity crowdfunding” platform, and other tools that facilitate online seed and venture investing or fundraising by both companies and funds. The firm will use white-label SeedInvest technology to run a website, 500.co/invest, where interested accredited investors can review the firm’s public statements, make their interest known, get their accredited status verified, and put their money into 500 Startups’ newest fund without a lot of paperwork and snail mail. 500 Startups’ general-solicitation effort also will include capital raising for three smaller funds: one that will put follow-on capital into startups that it backed in its earlier funds, and two that will work with investors and startups in Latin America and Southeast Asia, according to the fundraising documents.
SeedInvest Raises Series A On Its Own Crowdfunding Platform, $2M Committed So Far
SeedInvest, the equity crowdfunding platform based in New York that helps other startups (like Vengo Labs) raise rounds, is today launching a campaign on its own plaform to complete an intended $3 million Series A round. The startup has already had $2 million committed from VCs Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Archer Gray and Krillion Ventures.