New Zealand crowdfunding platform AlphaCrowd announced on Friday it has secured $800,000 for a new investor in China. The website revealed it received $380,000 from Beijing-based Fang Liu and is expected to receive the additional $420,000 after Lai is granted a work visa from New Zealand’s immigration organization.
Sharing more details about the investment, founder and director of AlphaCrowd, Bart Janowski, revealed that the funding portal will use the funds for new hires. He revealed:
“Our focus is on sustainable growth and on the maintenance of robust operational processes and procedures to ensure best practice in regulatory compliance, corporate governance and service delivery.”
Since late June, AlphaCrowd has reportedly launched three new offers for Venn Korea, Module, and LazyAz. Janowski then added:
“We are very pleased with [the] progress so far and the issuers that we have brought to market,” Janowski said. “We have been rather selective in terms of the opportunities we have presented to investors and are stoked that we have had our first successful offers.”