Seismic Capital this week launched its Regulation A+ equity funding campaign following the qualification of its Form 1-A offering circular by the U.S. Securities and Exchange Commission. The offering is open to both accredited and non-accredited investors.
The company’s portfolio management approach focuses on identifying startups whose business markets they target. As an early-stage growth investor, Seismic will focus on specific categories of emerging digital technologies that are designed to impact our everyday lives. The Seismic team swill pay particular attention to healthcare tech, education tech, financial technology, gaming, and green and sustainability technology.
Included in its selection criteria is the commitment to strive to ESG standards, the company said. They are also looking for what they describe as “stunning outliers”, ones whose criteria are deemed likely to create or define an altogether new category. Seismic will look to the startups creating diverse and inclusive organizations while conducting business in a sustainable manner for the betterment of the planet.
Through active mentorship, collaborative idea exchange, and oversight on essential operations, Seismic-assisted companies can leverage a suite of benefits from partnering with Seismic. Its Board of Advisors consists of a vast network of business professionals offering benefits across industries, diversity, geographic boundaries, and areas of expertise. Members of the board include serial entrepreneurs, corporate finance advisors, marketing, public affairs advisors, diversity and culture experts, banking and finance executives and C-Suite professionals.
“We want to empower our startups to focus on three things that matter most — developing technology, building product and acquiring customers – for growing their companies,” noted Seismic Capital president Eric White. “Each company in our portfolio will receive customized mentorship and support from the leadership team and our extensive panel of advisors. We want each partner company to leverage all our resources for success.”
Under its Regulation A+ offering, Seismic plans to raise $49 million. Shares are $5.50 each, with a minimum investment of $1,000. The offering will be on a best-efforts basis through its website. Funds are anticipated to be invested across 10 to 15 companies.
“We chose to use Reg A+ as our funding vehicle as it allows us to open our doors for investments from every level of investor, and at an accessible minimum. We are proud to offer this opportunity beyond the customary well-heeled and well-connected Wall Street investors who are usually approached for capital,” said Seismic’s CEO, Steven Weinstein. “With our democratized capital approach to startup investing, Seismic opens the door to those in various age groups, income levels, and regions with the opportunity to support companies with the potential to make a seismic, positive and long-lasting impact.”
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