Poliwogg eyes biopharma startups seeking millions; Microryza connects donors to researchers needing thousands.
A year has passed since President Barack Obama enacted a law intended to spark business growth by encouraging “crowdfunding” of startups. Much of the law remains to be implemented, but that hasn’t stopped crowdfunding sites Poliwogg and Microryza from employing different models toward raising money for biopharmas and researchers, respectively.
Poliwogg: Big Investments Wanted
This month, Poliwogg is launching its platform, focusing on helping fund small- and mid-sized companies in biopharma and other “healthcare” specialties, as well as in community-based businesses and projects, and portfolios of high-yielding investment-grade assets.
Gregory C. Simon, Poliwogg’s CEO, told GEN the crowdfunder is not about raising money from individuals, but seeking out investors willing in return to hold equity stakes in companies looking to raise between $2 million and $10 million.