Just one month after launching its very own equity crowdfunding platform, Indiegogo announced the campaigns using the new funding outlet have successfully secured more than $575,0000 in equity funds. As previously reported, Indiegogo launched the new equity portal with MicroVentures, which allows anyone to invest in startups and growing companies. The platform’s debut came just six months after the new equity crowdfunding regulations (Title III) went into effect.
“Our mission has always been to make it easier for individuals to raise money for projects they are passionate about and this is the latest way we’re helping entrepreneurs access the financing they need while also giving backers the chance to invest in new companies. Since Indiegogo first launched we’ve wanted to offer these sort of investments, and we’re very excited to be officially giving the millions of people who visit our platform every month the chance to get involved with equity crowdfunding opportunities.”
The first four offerings on the platform using the Title III rules are the following:
- ArtCraft Entertainment: Funding the creation of Crowfall, the highly anticipated massively multi-player video game touted as a Throne War simulator.
- Play Impossible: A new gaming company using powerful, miniature sensors to transform athletic balls into game controllers connected to a smartphone.
- BeatStars: A social music marketplace and distribution company where over 350,000 music producers and recording artists collaborate, sell, distribute and share their music worldwide.
- Republic Restoratives: A women-owned craft distillery and cocktail bar in the heart of Washington DC, is seeking capital to expand their product lines and distribution market.
In the platform’s one month update, Indiegogo revealed:
“10 years ago, Indiegogo founders dreamed of launching a platform that allowed anyone to invest in and help build the companies they believed in. Now, less than a month into equity crowdfunding, all four participating companies have surpassed their initial goal, thanks to investors who’ve helped raise $575k (and counting) in equity funds.”
In addition to the equity portal’s update, Indiegogo announced the launch of the latest company its users can invest in. Texas Zebo, a restaurant located in both Dallas and Austin, is now looking for new investors. The crowdfunding platform also shared:
“Investing in companies like Zebo not only gives you a behind-the-scenes look at what goes into building a product, but you can also stand to benefit if the company goes on to greater heights.”
Indiegogo has reportedly helped entrepreneurs secure more than $1 billion from over 8 million backers through 700,000 rewards-based crowdfunding campaigns. With more than 15 million visitors to Indiegogo every month, the company saw itself as well-positioned to expand the market for investment crowdfunding by introducing both investors and entrepreneurs to the new equity opportunities.
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