SOURCE: Venovate


January 15, 2015 09:00 ET

Venovate Helps Bitreserve Reach $10M Fundraising Target With Access to the "Qualified Crowd"

New Online Brokerage Platform for Alternative Investing Augments Fundraise by Bringing Transparency and Accessibility for Accredited Investors and Their Advisors

SAN FRANCISCO, CA--(Marketwired - Jan 15, 2015) - Venovate, the online brokerage platform for alternative investing, today announced it has helped digital currency innovator Bitreserve successfully reach its goal of $10M in its Series B fundraise, which was conducted November 2014 through January 2015. Venovate's private equity platform for accredited investors served to augment the transatlantic fundraise that was also presented on the UK crowdfunding platform Crowdcube, bringing the total amount raised to more than $10M. The fundraise is scheduled to officially close to investors on the Venovate platform January 19, 2015.

Bitreserve is a next-generation financial service that makes using digital money easy, fast and free. Bitreserve enables members to hold bitcoin as stable, real-world value -- euros, dollars, sterling, yen, yuan and gold -- but still spend it as bitcoin. This shields Bitreserve members from bitcoin's volatility, and enables cloud money that is instant and free to send and receive.

Venovate Marketplace facilitates the capital raise of private listings with systems and processes designed to fully support compliance with both SEC rules 506(b) and 506(c). The opportunities currently listed on the platform are raising a total of more than $1 billion across venture capital, private equity, real estate, and private companies. Bitreserve was a 506(c) listing, allowing general solicitation to accredited investors.

"Bitreserve is an exciting company with a mission to redefine the way the world uses currency in the digital age," said Venovate CEO Michael Raneri. "We were thrilled to bring that kind of opportunity to investors on our platform, making it easy for both the issuer and investor to do their due diligence and complete the transaction."

Bitreserve chose to raise funds on Venovate and Crowdcube because it aligned with the company's belief that financing should be a more accessible and egalitarian process.

Tim Parsa, President of Global Strategy & Markets for Bitreserve, said, "Bitreserve is committed to transforming the finance sector from opaque to transparent, from exclusive to inclusive. Opening our financing to Venovate members was an aspect of that commitment. I hope U.S. securities laws continue to evolve so that more investors have access to ambitious tech ventures like ours."

Venovate Marketplace, a registered broker-dealer with FINRA and member of SIPC, offers a secure online brokerage platform that enables issuers to confidently offer private placements directly to accredited investors and their advisors. Venovate provides the efficiency and transparency that has been lacking in the private securities market. It makes it easy for issuers to comply with regulatory requirements by verifying the accreditation of investors and providing the tools to display all appropriate disclosure documents for listings. Venovate streamlines the gathering of necessary information, transfers investor funds into escrow, disburses the proceeds to issuers, and closes the deal -- fully compliant, and all online.

About Venovate
Venovate Holdings, Inc. is the parent company of Venovate Marketplace, Inc., which provides smarter investment alternatives to institutions, accredited investors, and their advisors via an online experience. Venovate Marketplace is a member of FINRA and SIPC, and is a SEC Registered Alternative Trading System.

About Bitreserve
Bitreserve is a new financial system that makes using digital money secure, seamless and free. The company is setting a new standard for transparency in today's financial system and is pioneering the digital money movement to build a more egalitarian world. Bitreserve enables members to escape bitcoin volatility by holding bitcoin as stable, real-world money, but still spend their money as bitcoin. Founded by Halsey Minor in 2013, Bitreserve is headquartered in Charleston, South Carolina and has operations in Braga, Shanghai and San Francisco.

NOTE: Venovate Holdings provides self-directed, accredited investors with investment opportunities through its FINRA-registered subsidiaries, and does not make recommendations or offer investment, financial, legal or tax advice. The content of this press release is provided for educational and informational purposes only, and does not constitute a recommendation to enter in any securities transactions or to engage in any of the investment strategies presented herein.

Private security investments have inherent risks. An investor should understand these and additional risks before investing.

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