LGBT is the first Reg CF Title III offering on Mr. Crowd, a FINRA approved Reg CF crowdfunding platform. LGBT Weddings, Inc. (LGBT) will launch its crowdfunding campaign later this week in efforts to raise growth capital for the business.
LGBT is based in California and was founded in September this year (though it has been a project over five years in the works). Catering to the LGBT community, the platform intends to be “safe [and] informative” for couples to be able to find welcoming businesses and relevant resources online and agents for their planning experience. The team has paid careful attention to wording and imagery on its platform to demonstrate its knowledge of the “nuances of LGBT weddings.”
Why is this platform needed? According to information on the LGBT site;
“Same-sex couples continue to face uncertainty when selecting venues and service providers to service the needs of their wedding. The country continues to experience a 40/60 split of pro and against businesses, whether it is legal to or not.
Businesses continue to lack understanding and knowledge about how to effectively provide services to the LGBT community and once educated, lack choice in selecting a professional platform to demonstrate their desire to meet the needs of same-sex couples.”
Founder and CEO of LGBTWeddings.com Kimberly Vaughan has been a staunch supporter of equality and social justice “for a lifetime” and has over a decade of experience in the wedding industry.
“The benefits of the federal ruling bring so much cause for hope, love and celebration! It is a long awaited milestone toward equality for the LGBT community. This is a giant step forward, but there is still much to do.”
Ksdaq Inc. — run by Allen Au — operates Mr. Crowd. Ksdaq is incorporated in the U.S., but its primary place of business is in Hong Kong, where Au earned his degree.
To date, 66 companies have raised $15 million under Reg CF. The exemption became actionable in May 2016. There are currently 21 approved Reg CF platforms operating in the US today.
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