SOURCE: SeedInvest

SeedInvest

June 28, 2013 10:00 ET

SeedInvest Raises $1 Million to Grow Crowdfunding Platform

NEW YORK, NY--(Marketwired - Jun 28, 2013) - SeedInvest, the equity-based crowdfunding platform, announced today that it has closed $1 million in funding from investors. The capital will be used to accelerate the growth of the platform and to develop new features that assist both investors and companies seeking capital. The funding round was led by the Jumpstart New Jersey Angel Network and includes several prominent individual investors.

"SeedInvest is opening up new opportunities for a vast population of accredited investors, and will bring enormous amounts of new capital to startups," said Harjinder Sidhu, of Jacaranda Ventures. "The platform allows investors to do their due diligence on their own time, network with other investors and execute deals with little overhead."

Launched in February of 2013, SeedInvest has grown quickly and distinguished itself from other platforms in the equity crowdfunding market. It has already attracted more than 650 accredited investors and over 450 companies have applied to raise funds. SeedInvest carefully vets every company applicant and only presents less than 2% of opportunities to its investor base. Since, launching, three companies successfully achieved their fundraising goals on SeedInvest. These include StearClear, DietBet and LISNR, which closed its round a few days ago.

"Working side-by-side on deals with professional investors has worked extremely well for us," said SeedInvest CEO and co-founder, Ryan Feit. "SeedInvest empowers angel groups and venture capitalists whereas others are merely looking to disrupt the existing ecosystem."

SeedInvest's web-based platform removes many of the traditional barriers entrepreneurs face in raising money. The platform has many innovative tools for both investors and companies seeking capital that improve deal flow, simplify the process and speed up investments. These include virtual due diligence sessions, investment dashboards, an advanced data room and virtual boardroom features. individual investors can sign up for free at www.seedinvest.com.

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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