Newchip, a platform that connects new and experienced investors to business and real estate investment opportunities, announced on Thursday it secured $2 million through its latest seed funding round. Along with the funding news, the company declared it has surpassed 50,000 in users. Newchip also welcomed institutional investments from fintech specialists JadeValue Fintech, Yeoman’s Capital, Spunik ATX, Youbi Capital, and Polymath.
Founded in 2016, Newchip stated that its technology consolidates investment opportunities from national platforms into its marketplace while utilizing machine learning to connect users to investment opportunities based on their preferences. The company noted it is the “Shark Tank for everyday Americans” to discover and invest in startups and pre-IPO companies raising up to $50 million. Speaking about the latest investment round, Ryan Rafols, Founder and CEO Newchip, shared:
“We’re very excited about the funding partnerships we’ve accomplished and the value those investors bring to the company. We started Newchip with a dream to open up access to investments for both entrepreneurs and investors and now, with the closing of our seed funding round, we can achieve what we set out to do.”
Johan Uddman, General Manager of JadeValue Fintech, also commented:
“Newchip brings access and transparency to the world of startup investing for the everyday investor. By leveraging state of the art technology to aggregate and sort out the best deals, Newchip removes the traditional hurdles of startup investing and provides an unmatched user experience where the next ‘big deal’ is just a swipe away.”
Judd Hollas, Co-Founder and CFO of Newchip, then added:
“We are proud to have achieved a base of 50,000 investors in our marketplace and we look forward to continuing our rapid growth as the industry and Newchip expand. By closing our seed funding round of $2 million, Newchip is well positioned to maintain its growth rates and market leadership.”