IssuWorks, a new venture by the former Vice-Chairman of NASDAQ David Weild, has recently launched its Series A funding round on equity crowdfunding platform Crowdfunder.
David Weild has been referred to as the “father of the JOBS Act” due to his role in providing data, policy recommendations, and critical securities-related insights to legislators that led to support on Capitol Hill for legislation that enabled sweeping improvements to public and private company capital formation, including the establishment of key “Testing the Waters” and “Confidential Filings” for “Emerging Growth Companies” and “Crowdfunding” for private companies to accredited investors.
Chance Barnett, the CEO of Crowdfunder, was also a significant participant in JOBS Act legislative and regulatory efforts on Capitol Hill. Barnett said, “I’m excited to have IssuWorks raising investment on our platform, and to add another company to the over 10,000 businesses that have joined Crowdfunder.”
“David and IssuWorks share our values for improving access to capital through JOBS Act related policy, as IssuWorks focuses on public companies and companies tracking to go public and Crowdfunder funds earlier stage private businesses.”
David Weild said, “We chose Crowdfunder because of Chance’s work to forward the JOBS Act and Crowdfunder’s track record of success and growing base of accredited investors, angels and VCs in the Crowdfunder community investing in startups and small businesses. As the source of the recommendation that gave birth to this type of Crowdfunding, we wanted to experience it firsthand.”
He added,”IssuWorks will be able to raise funds, tell our story to a global audience and attract strategic investors with Crowdfunder.”
Crowdfunder recently crossed the milestone of over 10,000 startups and small businesses joining the platform, and has a network of over 60,000 investors and entrepreneurs online.
In just over 2 quarters, Crowdfunder has helped close 24 Seed & Series A deals with the help of its online accredited investor base.
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