Tagged: california

April 27, 2017 @ 1:38 pm By Samantha Hurst  |  

Insurtech startup Hippo Insurance announced on Wednesday it is officially launching in California. The company is currently seeking to reinvent the way its customers seek home insurance by giving them the ability to receive a quote quickly and purchase instantly online at lower prices. Hippo’s platform… Read More

April 26, 2017 @ 2:37 pm By JD Alois  |  

The California intrastate crowdfunding bill (AB 1517) took another step in the direction of becoming an actual law yesterday.  On Tuesday, April 25th, the bill was green-lighted by the Assembly Banking and Finance Committee. Next up is the Assembly Appropriations Committee. A hearing on the AB… Read More

April 26, 2017 @ 1:51 pm By Samantha Hurst  |  

California-based fintech company Robinhood announced on Wednesday it not only has reached two million users, but it also secured $110 million during its recent Series C funding round, which was led by DST Global, with participation from NEA, Index Ventures, Ribbit Capital, Thrive Capital and… Read More

April 18, 2017 @ 6:35 pm By JD Alois  |  

California is perhaps the most natural state to enact an instrastate law to facilitate investment crowdfunding. Yet multiple attempts at crafting bespoke legislation to allow crowdfunding have failed multiple times. Honestly, I have lost count of the number of bills hoisted up the lawmaking flagpole… Read More

April 17, 2017 @ 3:09 pm By Samantha Hurst  |  

Texas fintech company Payix announced on Monday it has formed a partnership with California’s Nortridge Software to help lenders connect with borrowers and improve their collect payments abilities. According to the companies, this new partnership with allow Payix to offer real-time integration between its suite… Read More

March 23, 2017 @ 9:20 am By Samantha Hurst  |  

Global innovation platform Plug and Play announced on Thursday its largest cohort to date. It is now running nine of their programs simultaneously with 175 startups being dispersed across the following innovation platforms: Brand & Retail, Fintech, Food & Beverage, Health & Wellness, Insurtech, Internet of… Read More

March 14, 2017 @ 11:38 am By Samantha Hurst  |  

Last month, California fintech company Rich Uncles announced the launch of its wealth management division. According to the company, new managing director of capital markets, Brad Watt, will be leading the recently-developed division. Rich Uncles revealed that Watt has decades of experience in providing real… Read More

February 6, 2017 @ 12:12 pm By Samantha Hurst  |  

Real estate crowdfunding platform DiversyFund announced on Monday a seven thousand square foot luxury home investment opportunity in Monterey, California is nearing fulfillment. The project, which is offering an 18% preferred return with an estimated nine to twelve-month investment term, raised 90% of its funding target.  According to DiversyFund,… Read More

January 24, 2017 @ 9:12 pm By Jessica Pham  |  

It has been two weeks since Knightscope announced its “mini-IPO” Reg A+ equity crowdfunding campaign on SeedInvest where the company is seeking to raise $20 million.  Based in Mountain View, in the heart of Silicon Valley, the startup says that it is currently worth $80 million…. Read More

January 24, 2017 @ 10:29 am By Samantha Hurst  |  

Alpaca, a California-based Fintech startup building AI and database technology for financial trading, on Tuesday the closing of its venture round, which has secured $1.75 million. Participants of the latest round include D4V, a joint-venture fund by IDEO and Genuine Startups, Monex Ventures of Monex… Read More

December 30, 2016 @ 8:54 am By Samantha Hurst  |  

Just a few months after securing $2,952,508 from 16,732 backers for its project, Superbook, on Kickstarter, California startup Andromium announced shipping of the tech product from winter 2017 to summer 2017.  As previously reported, the device, which is described as a smart laptop shell that consists of an 11.6″ HD screen,… Read More

December 27, 2016 @ 3:29 pm By Samantha Hurst  |  

Peak Design, the company behind The Everyday Backpack, announced last week that 99% of its backpack, tote, and sling have successfully been shipped to Kickstarter backers. The project was launched on the crowdfunding platform earlier this summer and secured $6,565,782 from 26,359 backers. As previously reported, Peak… Read More

December 22, 2016 @ 7:23 am By Jessica Pham  |  

During the first half of 2016, regulators feared that Fintech would become all too powerful.  Then, in November, they concluded that the Fintech sector was not threatening.  At the cusp of 2017, it also appears that other observers have concluded that the FIintech boom is… Read More

December 21, 2016 @ 11:35 am By Samantha Hurst  |  

Just a couple of weeks after the devastating fire at Oakland’s Ghost Ship warehouse that claimed the lives of nearly 40 people, two campaigns on crowdfunding platform YouCaring that are dedicated to the victims of the events have raised more than $1.3 million. As previously… Read More

December 12, 2016 @ 2:59 pm By Samantha Hurst  |  

Following the devastating Ghost Ship fire in Oakland that killed nearly 40 people, YouCaring announced that campaigns dedicated to the tragic event’s victims had raised more than $1 million on its crowdfunding platform. On the evening of December 2nd, the first broke out in the… Read More

November 9, 2016 @ 11:37 am By JD Alois  |  

Berkeleyside, a local digital news outlet covering Berkeley, California, has launched a “Direct Public Offering (DPO), to raise up to $800,000 from either accredited or non-accredited investors. The offer, launched on November 3rd,  is only available to California residents that meat certain suitability requirements. Berkeleyside has… Read More

October 27, 2016 @ 2:04 pm By Samantha Hurst  |  

On Thursday, Dutch brewing brand Heineken announced it has teamed up with crowdfunding platform Indiegogo for its new “BeautifyHollywood” initiative. The company is seeking to raise $20,000 to transform Hollywood Boulevard by using art installations.  Heineken stated it has partnered with Beautify Earth, a nonprofit committed… Read More

October 13, 2016 @ 12:32 pm By Samantha Hurst  |  

This week, California-based healthy vending and micro market company, InstaHealthy USA launched a Reg D 506c crowdfunding campaign on Fundable to raise up to $408,000 for domestic growth and prepare for expansion. Launched in October 2015, InstaHealthy USA now offers healthy vending machines instead of the usual unhealthy… Read More

October 5, 2016 @ 11:28 am By Samantha Hurst  |  

California’s JetPack Aviation launched an equity crowdfunding campaign on Seedrs to raise £300,000 for the research and development of its JB-10 JetPack and vertical take offer and landing (VTOL) personal flight machine. The company’s founders, David Mayman and Nelson Tyler, have notably been working on the VTOL… Read More

October 5, 2016 @ 8:23 am By Samantha Hurst  |  

On Wednesday, real estate crowdfunding platform iFunding announced it raised $600,000 of preferred equity financing for the completion of a multi-family apartment complex, EVIVA Midtown, which is located in Sacramento, California’s Midtown neighborhood. The funding portal revealed that Integral Group, the partner of the financing… Read More