In 2013, LiveLink raised $1 million from Indiana angel investors through traditional private placement techniques. As a result, Mike Alley, chairman of Patriot Investments, joined the board along with Bob O’Brien from Cambridge Ventures. The capital allowed LiveLink to acquire another software development firm (Cogent Media Group), make several key hires and to build out a mobile solution that helps sales professionals find more opportunities.
In 2014, LiveLink has turned to crowdfunding platform Localstake to raise an additional $500,000 to further prove its model and to make additional technology enhancements to its mobile solution.
“We are $100K toward our $500K goal and expect the remaining amount to come in through the next several weeks,” said Jason Zickler, CEO and founder of LiveLink. “Localstake has the functionality for us to more effectively reach out via our online and offline networks to find investors that were previously very difficult to connect with.”
Localstake works with many types of companies ranging from breweries to software companies like LiveLink.
“We are excited to work with LiveLink on their fundraising goal,” said Ryan Flynn, co-founder of Localstake. “Marketing technology is very strong in Indiana, and we are excited to help in this arena. We feel our platform can help LiveLink connect with a wide range of potential investors and do so while managing the demands of using the new securities exemptions that are now available.”
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