General News

June 27, 2015 @ 12:47 pm By JD Alois  |  

RiverNorth Capital Management filed with the SEC to create a new fund labeled RiverNorth Marketplace Lending Corporation. The investment fund will invest in consumer and small business loans originated via marketplace or peer to peer lending platforms.  The fund will invest at least 80% of its… Read More

June 27, 2015 @ 11:00 am By Samantha Hurst  |  

With less than a week until its equity crowdfunding campaign on Crowdcube comes to an end, UK job search engine Adzuna has surpassed its initial £1.5 million goal and has secured £1.7 thanks to 450 investors. Adzuna, which was co-founded by Andrew Hunter and Doug Monroe, has already attracts… Read More

June 27, 2015 @ 10:40 am By Samantha Hurst  |  

Dallas-based NachoBirthday announced the launch of its grassroots crowdfunding platform, which aims to bring friends and family together in support of good causes everyday, not just on birthdays. Rather than receive unwanted gifts, NachoBirthday offers users the chance to raise funds from family and friends… Read More

June 27, 2015 @ 10:00 am By Therese Torris  |  

  Not long ago the European Crowdfunding Network (ECN)  was just an informal group of Europeans involved in the emerging crowdfunding market. Only in 2013 did it come into legal existence as a formal body. Yesterday, during its second General Assembly in the beautiful city… Read More

June 26, 2015 @ 5:29 pm By Samantha Hurst  |  

Investments in financial technology (fintech) continued at a remarkable pace last year, nearly tripling in the United States in 2014, according to a new report by Accenture (NYSE:ACN) and the Partnership Fund for New York City. The value of fintech investments in the United States… Read More

June 26, 2015 @ 2:13 pm By Samantha Hurst  |  

Just a few weeks after his new video game Bloodstained: Ritual of the Night closed its extremely popular Kickstarter campaign, creator Koji Igarashi sat down with USGamer to share details about the new game and crowdfunding success. Bloodstained is a 2D exploration-focused, side-scrolling platformer that features RPG and crafting elements…. Read More

June 26, 2015 @ 11:42 am By JD Alois  |  

The UKBAA Angel Investment awards are scheduled to take place next week on July 1st.  Now in its 10th year, the event acknowledges the most disruptive and successful (or soon to be) young businesses across the UK. The black tie affair typically captures a solid… Read More

June 26, 2015 @ 11:33 am By Samantha Hurst  |  

With less than two weeks until its Indiegogo campaign comes to an end, revamped UK game show Crystal Maze has successfully secured over £580,000 from 4,300 backers. As previously reported, the creators of the new campaign, Little Lion Entertainment, stated that the new game will bring the hype and fun that the original… Read More

June 26, 2015 @ 10:53 am By Samantha Hurst  |  

Security Ratings company, BitSight Technologies, announced that it has closed a $23 million round of Series B financing. Comcast Ventures joins as a new investor together with current investors Globespan Capital Partners, Menlo Ventures, Commonwealth Capital Ventures, Shaun McConnon and Flybridge Capital Partners, all participating in the… Read More

June 26, 2015 @ 9:26 am By Samantha Hurst  |  

Dunedin-based Powerhouse Wind closed its equity crowdfunding campaign on PledgeMe yesterday reaching $140,000 over its goal. The tech startup raised a total of $542,051, selling 19.4% of the company to 120 investors. Bill Currie, Powerhouse Wind’s director, revealed that he was happy with the successful raise: “We are delighted to… Read More

June 26, 2015 @ 8:47 am By JD Alois  |  

Former Citigroup CFO & BofA President of Wealth Management, Sallie Krawcheck was recently chatting up the benefits of gender diversity for corporations on CNBC.  She echoed data that indicates firms that have a diverse leadership team perform better than those which are less so. As… Read More

June 25, 2015 @ 4:06 pm By Samantha Hurst  |  

iAngels, an angel investing equity crowdfunding  platform that enables private investors to co-invest with Startup Nation’s leading angels and gain access to exclusive early-stage opportunities, announced today the appointment of Darya Fuks as Portfolio Manager. Fuks, a former Vice President at J.P. Morgan’s Investment Bank, will lead iAngels’ deal flow… Read More

June 25, 2015 @ 10:52 am By Samantha Hurst  |  

Checkmarx, a software application security company, announced on Thursday a $84M investment from New York-based venture capital and private equity firm, Insight Venture Partners. The new round of capital will be primarily used to further accelerate growth through product innovation and global expansion. Founded in 2006… Read More

June 25, 2015 @ 10:25 am By Samantha Hurst  |  

Millennium Trust Company, a provider of alternative asset custody solutions to institutions, advisors, and individuals, announced today that assets under custody for private funds have surpassed $5.6 billion as of June 1, 2015, an increase of $600 million within the last six months. The firm’s… Read More

June 25, 2015 @ 9:38 am By Samantha Hurst  |  

Ready to set the record straight,  Shenmue III creator Yu Suzuki revealed some details about the situation between the already successful Kickstarter game and its supporters Sony and Shibuya Productions. Shenmue III surfaced on the crowdfunding platform last week and gained over $3 million in three days. The game is… Read More

June 25, 2015 @ 8:56 am By JD Alois  |  

Kevin Harrington, one of the “Sharks” of Shark Tank fame, chatted up the new regulations surrounding Title IV of the JOBS Act, Regulation A+, on CNBC yesterday.  Harrington is an entrepreneur probably best known for “creating the infomercial” and launching multiple direct sales networks on cable…. Read More

June 25, 2015 @ 8:51 am By Samantha Hurst  |  

Earlier this week, video game developer Brian Fargo and his team at inXile entertainment unveiled the trailer for Wasteland 2: Director’s Cut.  Wasteland 2 is described as the direct sequel to the first ever post-apocalyptic computer RPG. The game debuted on Kickstarter back in March 2012 and successfully secured over… Read More

June 24, 2015 @ 6:32 pm By JD Alois  |  

The SEC has charged Gregg R. Mulholland of secretly accumulating “at least” 84% of shares in Vision Plasma Systems.  Once Mulholland effectively controlled the company, he liquidated shares for proceeds of approximately $21 million.  The SEC states that no registration statement was filed on the… Read More

June 24, 2015 @ 5:07 pm By Samantha Hurst  |  

Back in April, comic book writer and artist Gene Ha, who is best known for his work with famous comic book publishers including Marvel, DC Comics, and ABC Comics, took to crowdfunding platform Kickstarter with a mission to raise funds for his first ever creator-owned graphic… Read More

June 24, 2015 @ 3:02 pm By Samuel Guzik  |  

  On June 23, 2015, the Staff of the Securities and Exchange Commission provided some public guidance on certain issues arising under the new Regulation A+ Final Rules. In a new section of the SEC’s Compliance and Disclosure and Interpretations (C&DI’s),  a Q and A… Read More