NetCapital lists private securities under both Reg CF and Reg D. The KingsCrowd offering leveraged both exemptions in a side by side offering. KingsCrowd said it raised $902,952 under Reg CF and $97,048.80 under Reg D 506 (c). 555,556 units were sold. Kingscrowd is a ValueSetters, Inc. (OTC:VSTR) portfolio company.
Chris Lustrino, CEO of San Francisco-based KingsCrowd, said the online capital markets are now transacting between $4 billion and $6 billion annually:
“With the opportunity to invest like a venture capitalist, individuals and institutions are looking to pour dollars into earlier stage companies since so much growth now occurs before companies ever go public.”
With the advent of the JOBS Act of 2012, the law that legalized online capital formation (crowdfunding), more investment capital is being originated online under Reg CF, Reg A+ and Reg D 506c.
Jason Frishman, founder and CEO of Netcapital; stated:
“Now that private market investment opportunities are available to all investors, it’s important that these investors have tools available to them to help evaluate these companies. KingsCrowd plays an important role in providing those tools.”
KingsCrowd said it is looking to service both individual investors and investment professionals such as registered investment advisors, family offices and wealth advisors.
To date, over $1 billion has been invested in more than 1,000 deals under Regs CF and A+. KingsCrowd seeks to provide the tools for education, research, ratings, and analytics that exist in the public arena but do not exist in online private markets.
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