Republic, a full-stack investment crowdfunding platform, has distributed a note of an exit for a firm that only recently raised capital on the platform.
According to Republic, this past April, Trusst closed a funding round backed by 347 individual investors. Just two months later, Trusst was acquired by K Health and investors saw a 1.17x return on their original investment. While not a huge return, if you consider the amount of time involved in the transaction the gain earned by investors is considerable.
As outlined on the offering page, Trusst raised $105,839 in a “Crowd Safe” at a valuation cap of $6 million.
Trusst holds a mission to transform the delivery of mental healthcare with a program that will include on-demand, text-based therapy. Apparently the service was solid enough for K Health to acquire it at a slight premium to the offering.
Over the long run, investment crowdfunding platforms will be measured, in part, by the gains investors generate. As early-stage ventures can be risky, it is always encouraging to hear about exit opportunities for smaller investors.
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