SOURCE: SeedInvest

SeedInvest

April 12, 2013 09:38 ET

DietBet.com Crowdfunds $308K on SeedInvest

NEW YORK, NY--(Marketwired - Apr 12, 2013) - DietBet.com, the social dieting company, has raised $308,000 in bridge funding through equity crowdfunding platform, SeedInvest. DietBet is the second company to meet its funding initiatives on SeedInvest in the last month. The company launched in February 2013 and has more than 400 active accredited investors and more than 300 companies on its platform.

"We were looking for a more efficient way to raise capital that didn't include time consuming meetings, large amounts of travel and taking large chunks of time away from building our business," said Jamie Rosen, founder and CEO of DietBet. "SeedInvest connected us to many new investors and streamlined the execution process. We didn't have to jump through hoops to get investors to send their checks or to sign their paperwork."

SeedInvest's platform provides many tools that make it efficient and easy to present information, network with investors and raise capital. DietBet utilized the SeedInvest data room to post all the information they needed in order to tell their story and give investors a feel for the company, its products and its potential. Key to this success was DietBet's video that provided an excellent overview of their business model and gave life to the character of the CEO and the company.

One of DietBet's new investors, Rob Pieklo found the company while doing research on SeedInvest. "SeedInvest provided me with all the information I needed to make an educated investment in DietBet," said Rob. "I was comfortable with the investment because I was able to interact directly with DietBet and get a clear picture on not only what I was investing in, but who. SeedInvest made that connection possible." Rob not only liked the company enough to invest in it, he even started his own DietBet game with his office in New Jersey!

DietBet is the second company in less than a month to achieve their funding initiatives on SeedInvest. In March, StearClear oversold their goal and raised $140,000 in less than 5 days. Like StearClear, DietBet set the terms for their raise and never had to alter them to attract investors. The company plans to utilize the funding to expand the DietBet business model into long-term weight loss games.

SeedInvest offers professionally vetted, high quality-startup opportunities to investors who haven't previously had access to them. Investors can sign up for free on the site at www.seedinvest.com. Companies seeking funding can also register for free and begin the process of building out their profile.

About DietBet
DietBet is a social dieting company that is pioneering a whole new way to lose weight. It brings people together to lose weight as a community instead of the traditional approach of dieting alone. It's working. 90 percent of DietBetters lose weight, with an average of nearly six pounds in four weeks. DietBet was founded by Jamie Rosen and was launched in January 2012. DietBet players come from across the globe -- with more than 45 countries represented thus far. Find DietBet on Facebook and Twitter. A mobile app is also available.

About SeedInvest
SeedInvest is an equity-based, crowdfunding platform that connects accredited investors to high-quality start-ups and small businesses seeking funding. SeedInvest's mission is to help both entrepreneurs and investors to leverage the disruptive power of the internet to make it easier for companies to raise capital. The company provides accredited, angel investors access to high-quality, curated opportunities in a myriad of industries across the entire country. 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

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