Why “Special Purpose Entities” Are So Special 

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As securities attorneys, we’ve been getting a fair amount of questions lately on special purposes entities (SPEs), also known as special purpose vehicles (SPVs). What are they? What do they do? Should I choose an SPE over an LLC? (That last one is my favorite)…. Read More

Chinese Fintech Company WeLab Secures $25M Credit Facility from IGN Bank to Help Fuel Hong Kong Growth

Simon Loong

WeLab, a Chinese-based fintech company, announced last week it has secured a credit facility of $25 million from ING Bank as part of its Hong Kong expansion and enable the company to meet rapidly growing demand for its loans in Hong Kong. Sharing details about the credit… Read More

Brief: Pop Star Taylor Swift Donates $5,000 to GoFundMe Campaign Dedicated to Fan in Deadly Car Accident

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Last week, music sensation Taylor Swift reportedly donated $5,000 to a GoFundMe campaign that was dedicated to one of her fans, Katie Beth Cater, who passed away in a car accident. The initiative was launched to show love and support her family by helping to… Read More

Edinburgh’s Beverage Company Tripple Box Set For Expansion: Launches Crowdcube Campaign to Raise £80,000

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Tripple Box, an award-winning Edinburgh cocktail and premium company, has recently launched a campaign on equity crowdfunding platform Crowdcube to raise £80,000 as it prepares for expansion. Launched in 2014, Tripple Box delivers cocktail and premium small-batch spirit boxes to customers’ doors. The company revealed: “We believe… Read More

IPO: Equitise Lists H2Ocean Limited Offer on Crowdfunding Platform

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Equitise’s First Big Syndicated Transaction. H2Ocean Limited is in the process of doing an initial public offering (IPO) in Australia.  The shares are expected to list on the ASX this coming October. As part of the process, H2Ocean is offering shares via an offer on Equitise –… Read More

Overfunding: Family Transportation Mobile Service OneLane Surpasses £200,000 Funding Goal on Crowdcube

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App-based family transportation service OneLane has successfully secured its initial £200,000 funding goal on Crowdcube. The initiative was launched late last month and was seeking the funding for growth and development. OneLane was created by founder Camron Moradi, who created the app after he noticed how his… Read More

Brief: Commerce & Payments Platform Sourcery Raises $5M During Venture Funding Round

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Sourcery, a California-based digital payments and commerce platform that focuses on the accounts payable within the food and hospitality industry, announced on Tuesday it has successfully secured $5 million during its latest venture round, which was led by Marker LLC with Steadfast Capital and existing investors…. Read More

FrontOffice Shares Jump on Nordic Growth Market Following Crowdfunding Round on FundedByMe

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FrontOffice Nordic AM (FRNT MTF B), a company that conducts corporate restructuring and provides advisory services such as economics, law and finance, raised capital on FundedByMe in early 2016.  FrontOffice raised just shy of €600,000 on FundedByMe. FrontOffice then went on to list its shares… Read More

Wealthify Quickly Secures Over Half Its £1M Funding Goal on Seedrs

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Wealthify, the online investment service, officially launched its equity crowdfunding campaign on Seedrs on Monday and quickly secured half of its £1 million funding goal. The company reported that over 500 investors pre-registered for early access to the initiative on September 9th. Wealthify is described… Read More

Sharestates’ Latest Milestone: Hits $1.3 Billion in Funding Capacity

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Real estate crowdfunding platform, Sharestates, announced on Tuesday it has successfully raised $1.3 billion in committed capital for the purchase of loans. Launched in February 2015, the funding website has originated more than $150 million in loans for over 200 projects, with an average loan size… Read More

Crowdcube Alum Lumo Launches Second Kickstarter: Seeks Nearly £30,000 For Biking Apparel With Lights

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On Tuesday, cycling apparel brand Lumo launched its second Kickstarter campaign to raise £30,000 for its near clothing with lights line. The company launched its first campaign on the crowdfunding platform in 2014 and captured £74,118 from 458 backers. It then turned to equity funding portal,… Read More


BizFi Survey Says SMEs Tap Alt Fin & Borrow More than in 2015 to Finance Growth & Jobs

Stephen Sheinbaum LenditUSA 2016

The Small Business Growth Survey, which surveyed small businesses from around the country, was conducted by Bizfi, a fintech company with a platform that combines aggregation, funding and a marketplace for small businesses. The purpose of this survey was to gain insight into what small businesses… Read More

Kickstarter Hero Peak Design Takes Everyday Backpack Campaign to Indiegogo’s InDemand

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While Peak Design may have officially closed its most recent rockin’ Kickstarter campaign which raised for its Everyday Backpack Collection.  Founded by Peter Dering, Peak Design is still offering the Everyday Backpack (in 20L and 30L), Everyday Sling, and Everyday Tote, but now on Indiegogo’s InDemand. Funded to the… Read More

Fintech Platform Point Nabs $8.4M in Series A Funding, Led by Andreessen Horowitz

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Point, claiming the title as the first financial technology platform that allows homeowners to unlock their home equity wealth without taking on new debt, announced today that it has raised $8.4 million in Series A funding led by Andreessen Horowitz which also led the company’s… Read More

British Business Bank Investments Ltd Invests £18M in Praetura Asset Finance

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British Business Bank Investments Ltd, the commercial arm of the British Business Bank, today announced an £18M investment in Blackburn and Manchester-based Praetura Asset Finance. The investment, comprising £15M of matched funding and an additional £3m of expansion capital, will support at least £36M of smaller… Read More

OTC Markets Receives Blue Sky Manual Exemption Recognition in Ten States

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 OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, announced on Monday ten states are officially recognizing its premium markets for their “Blue Sky Manual Exemption” for secondary trading.  The new states, which are Alaska, Colorado, Mississippi, New Mexico and… Read More

Lending Club Appoints Thomas Casey as CFO

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Lending Club (NYSE:LC), the leading marketplace lending platform in the US, has announced the appointment of Thomas Casey as their new Chief Financial Officer. The hiring comes after long-time executive Carrie Dolan announced her departure several weeks back.  Lending Club described Dolan’s departure as a long… Read More

Crowdcube #FundedClub Members POD Point & Adzuna Featured in Tech Track 100 List

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On Monday, equity crowdfunding platform Crowdcube announced its #FundedClub members, POD Point and Adzuna, were featured in The Sunday Times’ Tech Track 100 list. This list searches for and recognizes the UK’s fastest growing private tech companies. POD Point turned to the crowdfunding method in… Read More

John Smedley Returns to Crowdfunding: Seeks $200,000 For “Hero’s Song” Project

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Less than nine months after pulling the plug on his Hero’s Song Kickstarter campaign, former Sony President, John Smedley, has relaunched the project on Indiegogo. The new campaign is seeking to raise $200,000. As reported, Hero’s Song is an open world rogue-like fantasy game that is done in 2D pixel… Read More

Leonard Nimoy Documentary “For the Love of Spock” Premieres & Trends #1 in U.S. iTunes Documentaries & Indie Films

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Last week, Adam Nimoy (son of Star Trek legend, Leonard Nimoy) released his Kickstarter-funded documentary For the Love of Spock. The film explores the incredible career and artistry of Leonard Nimoy. Back in Summer 2015, just a few months after Leonard’s passing, Adam took to the crowdfunding… Read More