General News

April 26, 2016 @ 12:53 pm By Erin Hobey  |  

RealtyMogul.com, one of the leading online marketplaces for real estate investing, announced the closing of a $1,000,000 equity investment in an industrial property in Glendale Heights, IL, within the Chicago metropolitan area. The sponsor for the acquisition is Clear Height Properties, a real estate investment and… Read More

April 26, 2016 @ 12:23 pm By Erin Hobey  |  

Nexuslab, the Swiss blockchain startup programme powered by Startupbootcamp, has announced a partnership with Rabobank. The Dutch bank joins Nexuslab to support the first round of its programme geared towards early-stage European blockchain ventures. The collaboration adds leading financial industry expertise to the programme and… Read More

April 26, 2016 @ 12:23 pm By Samantha Hurst  |  

On Tuesday, Millennium Trust Company announced it was expanding alternative investment access for advisors and individuals by adding five online investment platforms to its network, Millennium Alternative Investment Network (MAIN). Along with Lending Club, which joined late last month, these portals are EquityZen, iCapital Network, Prodigy Network, R.J. Oasis.  Millennium… Read More

April 26, 2016 @ 11:38 am By Erin Hobey  |  

According to Reserve Bank of India Deputy Governor R Gandhi, approval of new types of NBFCs (non-banking finance companies) will continue.  Detailed information has not yet been released from the bank, but Gandhi commented while inaugurating the ASSOCHAM summit discussing NBFCs: The Changing Landscape’ reported Mumbai’s Deccan Herald:… Read More

April 26, 2016 @ 9:54 am By Samantha Hurst  |  

Touchjet, a company that creates interactive Android touch technology on a large and portable scale, has been announced as a Gold Edison Award winner. The Edison Awards is notably inspired by Thomas Edison’s persistence and inventiveness, honors the most innovative, creative and ingenious products and business… Read More

April 25, 2016 @ 4:26 pm By Samantha Hurst  |  

Offering up his other insights on Pavegen’s highly successful Crowdcube initiative, founder Laurence Kemball-Cook shared details about the campaign with the equity crowdfunding platform. Last summer, Pavegen secured over £2 million during the equity crowdfunding round. The company’s technology converts footsteps into electricity, making it possible to power services in high-footfall… Read More

April 25, 2016 @ 1:56 pm By JD Alois  |  

A new survey published today provides evidence that Angel investors are “not just in it for the money.” Propel(x), a San Francisco-based online investment platform, collaborated with Peter Thiel’s Breakout Labs, MIT Alumni Angels of Northern California and Innovation Node Los Angeles (part of the… Read More

April 25, 2016 @ 11:26 am By Samantha Hurst  |  

On Monday, marketplace lender CommonBond announced that it has completed its $150 million of student loans assets, which was co-led by Barclays and Goldman Sachs. Morgan Edwards, CFO of CommonBond, stated: “The strong reception in the capital markets to our second securitization is a further testament to the… Read More

April 25, 2016 @ 8:01 am By JD Alois  |  

Last year Goldman Sachs revealed its intent to push into the marketplace / peer to peer lending sector. While a growing number of traditional financial firms are partnering with more agile, fintech startups – Goldman decided to strike out on their own. This past week,… Read More

April 23, 2016 @ 1:22 pm By JD Alois  |  

With Title II accredited crowdfunding and Reg A+ crowdfunding picking up steam, interest is growing as to how best leverage the internet to raise capital online.  Until the JOBS Act of 2012, it was forbidden to “generally solicit” or advertise certain private placements. But at… Read More

April 23, 2016 @ 11:14 am By Samantha Hurst  |  

Following the premiere of Miles Ahead in New York City and Los Angeles, actor and director Don Cheadle chatted with Vice about the Indiegogo project’s creation and his appreciation for the musician Miles Davis. Academy-Award nominated actor launched a campaign on the global crowdfunding platform for the… Read More

April 22, 2016 @ 12:17 pm By Samantha Hurst  |  

On Thursday, Chapel Down Plc (ISDX: CDGP) announced its 2015 financial results. As Crowdfund Insider reported in 2014, Chapel Down became the first publicly traded company to raise capital via an equity crowdfunding platform using Seedrs.  The capital provided from crowdfunding was used to build a new… Read More

April 22, 2016 @ 11:51 am By Samantha Hurst  |  

This week, crowdfunded brewery, BrewDog, announced it was closing its latest funding round, Equity for Punks IV. The company declared the campaign to be “the biggest ever equity crowdfunding offer” due to the fact that it successfully secured £19 million. The BrewDog crew shared: “In October 2009,… Read More

April 22, 2016 @ 10:18 am By Samantha Hurst  |  

This week, GE’s FirstBuild announced the winning design of the Pique Coffee Brewer through its Cold Brew Challenge. The company revealed that nearly 50 entries were submitted for product. Last year, the company launched two successful campaigns for the Opal Nugget Ice Maker and Paragon Induction Cooktop on Indiegogo and successfully… Read More

April 22, 2016 @ 7:23 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) filed suit in federal court against co-founders who allegedly sold consumer loan applications without appropriate safeguards.  The loans were said to be sold containing sensitive personal data without assessing the sources of the leads nor the purchasers they sold… Read More

April 21, 2016 @ 1:32 pm By Samantha Hurst  |  

This week, Crowdcube co-founder and CEO, Darren Westlake, revealed his very own entrepreneurs guide to looking after investors. Westlake shared: “The people who have invested in a company have a right to know how their money is being spent and have a vested interest in… Read More

April 21, 2016 @ 12:33 pm By Erin Hobey  |  

Fitness App Mammoth Hunters second crowdfunding raise in eight months on  Crowdcube Spain has proven successful, having overfunded with nine days remaining on its campaign.  The customized training and nutrition app motivates users to change their habits and live a healthier life, offers services comparable to a personal nutritionist… Read More

April 21, 2016 @ 12:07 pm By Erin Hobey  |  

Distributed ledger outfit Digital Asset Holdings has acquired Zurich-based Elevence Digital Finance, a startup that has developed a modelling language for determining rights and obligations in blockchain collaboration agreements. Digital Asset noted in a release that Elevence’s technology complements its existing software by providing a new, verifiable… Read More

April 21, 2016 @ 11:38 am By Erin Hobey  |  

BMO Financial Group wants to ensure that the next big idea gets the support needed to ensure the idea come to fruition and will ultimately benefit Canadian consumers. By partnering with the DMZ at Ryerson University, one of Canada’s largest business incubators, BMO hopes to identify innovative minds geared toward… Read More

April 21, 2016 @ 11:14 am By Erin Hobey  |  

Neil Mullane has joined Funding Circle’s business development team after heading Barclay’s  business and corporate banking, supporting small businesses with a £250,000 to £25 million turnover. Mullane brings eight years of experience in commercial finance, and will play an active role in continuing to build the intermediary channel. “It’s an… Read More