Onevest announced on Tuesday it is about to reach $2M in financing for its Series A round after self–crowdfunding on its own platform. The company’s round of funding has five days left on the platform before it closes.
The platform launched the 506c offering to celebrate the implementation of Title IV of the JOBS Act. In one month alone the company has been able to close what would normally take on average between 4 to 8 months in the offline world for a tech startup of its size.
Onevest is currently operating one of the leading startup investing marketplaces with over 80,000 entrepreneurs and 15,000 investors registered. The company has a unique approach, as it captures deal flow at the formation stage via its cofounder matchmaking property site, CoFoundersLab, which gives it six months to one year in advance to build the relationship with the company before the entrepreneur is ready to seek a round of financing.
Through CoFoundersLab, Onevest is on boarding over 2,000 registered entrepreneurs to its ecosystem every month. The company’s executive chairman, Alejandro Cremades, stated:
“Today we have put a dent in the universe by changing the game of fundraising online. We are lucky and honored to be part of an industry that is revolutionizing what has been an old and outdated model that clearly needed a healthy disruption.”
He then shared:
“Now that we have used our own service to raise funding, we have a deep understanding on what is required to be successful when raising capital online. We will be optimizing our service to provide an incredible experience for founders and investors. This is just the beginning of a very exciting journey.”
The company is already putting the capital to work as it has hired a new CFO, Barry Shereck. Barry has more than 30 years of experience in financial management with early stage companies and has taken four companies public.
Onevest also announced the hire of Erica Duignan as the Head of Deal Flow to hone in on bringing high quality startups on its marketplace and to build a world-class team of venture associates. Erica is joining Onevest from the renown accelerator program Dreamit Ventures, where she was a Managing Director focused on company recruiting, fundraising and developing investor relationships.
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