Tagged: illinois

Baubax’s “Travel Jacket” Captures Over $4M Halfway Through Kickstarter Initiative; Becomes the Most Funded Clothing Project on the Platform

There’s no stopping these jackets! Last month, Chicago brand Baubax hit Kickstarter with a mission to raise only $100,000 for its Travel Jacket. Within only a few days, the project surpassed its initial goal and quickly reached over a million dollars. Now, half way through… Read More

Governor of Illinois Signs Crowdfunding Bill Into Law

Today marks a landmark day for Illinois entrepreneurs and investors as Governor Bruce Rauner signed and approved the Illinois Intrastate Crowdfunding Bill (HB 3429). The bill was passed unanimously by the Illinois House of Representatives and Senate back in late May but with the Governor’s… Read More

Kickstarter’s Co-Founder Charles Adler Opens Center for Lost Arts in Chicago

Earlier this month, co-founder of Kickstarter Charles Adler opened his latest project, Center for Lost Arts, in Chicago. According to the Chicago Tribute, Adler unveiled the center, which is inside a former West Town meat wholesaler that was about to be torn down for less than $50,000. He… Read More

All-In-One Apparel: TRAVEL JACKET Gains Over $1M in Less Than Two Weeks on Kickstarter

Baubax, an apparel brand from Chicago, recently launched a crowdfunding campaign on Kickstarter to raise only $20,000 for the TRAVEL JACKET. Within a week and a half, the project not only surpassed its initial goal, it has captured well over $1 million thanks to nearly… Read More

Illinois Crowdfunding Bill Gets Approval in Both House & Senate

I am absolutely thrilled to be able to say that, after over a year of lobbying, this week the Illinois Intrastate Crowdfunding Bill (HB 3429) was approved. In fact, in a rare display of true bipartisan action (especially for Illinois), the bill was approved unanimously… Read More

Brief: PeerRealty Announces Triple Net Lease Real Estate Crowdfunding Investment

Real estate crowdfunding platform, PeerRealty, announced today that it is now accepting reservations from investors interested in investing in a portfolio of two triple net lease properties located in Schaumburg, IL and Orland Park, IL. PeerRealty CEO, Jordan Fishfeld, explained: “At PeerRealty, we aim to… Read More

PALMco Teams Up With PAWS Chicago to Advocate for Animal Welfare

PALMco, a family owned and operated energy supply company, announced today its support of PAWS Chicago, the city’s largest No Kill humane organization focused on creating solutions to end the killing of homeless pets. PALMco contributed $5,000 to support PAWS Chicago’s 9th Annual Animal Magnetism event, which… Read More

PeerRealty Announces New Illinois Real Estate Crowdfunding Investment Opportunity

PeerRealty,  a real estate crowdfunding platform, is proud to announce that it is now accepting investments from accredited investors interested in investing in the Riverside Plaza shopping center in Belvidere, Illinois. The $1 million offering is one of the largest real estate crowdfunding offerings in Illinois… Read More

ALL HAIL THE COMING of The Illinois Intrastate Crowdfunding Bill

Alright so maybe “all hail” might be a little much but cut me some slack, I’m excited. After more than a year of lobbying, campaigning and pounding the pavement Illinois finally has a filed intrastate crowdfunding exemption bill. Well, that’s not entirely true … Illinois… Read More

PALMco Intensifies Local Commitment; Raises Funds to Support Over 11,600 Students Thanks to DonorsChoose Partnership

PALMco, a family owned and operated energy supply company, announced today that it has successfully raised an additional $25,000 for environmental science classroom projects through DonorsChoose, a non-profit crowdfunding platform where teachers can request classroom resources ranging from printer paper to educational magazine subscriptions. The combined… Read More

Smart Home System Oomi Makes An Appearance on Indiegogo; Earns Over $20,000 Within Hours of Debut

Fantem, a developer of innovative products and solutions for the home, recently introduced Oomi through a crowdfunding campaign on Indiegogo. Seeking to raise $100,000, the self-dubbed first smart home system that offers users unparalleled simplicity of set-up and use to deliver a truly intuitive, and… Read More

PALMco Expands Commitment to Local Communities by Partnering With DonorsChoose.org to Fund Teachers’ Projects

Today, PALMco, a family owned and operated energy supply company, announced a recommitment to funding environmental science projects in partnership with DonorsChoose.org, a non-profit crowdfunding platform where teachers can request classroom resources. As part of the DonorsChoose.org “Double Your Impact” initiative, PALMco will fund 50% of qualified… Read More

Heartwood Center in Evanston Leads the Way in Neighborhood Revitalization After Kickstarter Success

Heartwood Center for Body Mind Spirit, a holistic health services center in Evanston, Illinois, is at the forefront of the Dempster/Dodge neighborhood revitalization. From the successful Curt’s Café crowdfunding campaign on Kickstarter to the purchase of three nearby properties, Heartwood has positioned itself at the… Read More

Illinois Intrastate Crowdfunding Exemption: The Reasoning Behind The Bill

As noted in my prior post, “Draft Bill: Illinois Intrastate Crowdfunding Exemption,” an official draft of my proposed Illinois Intrastate Crowdfunding Exemption was recently finished. To my surprise, people actually read it and I have been getting a lot of questions as to why I… Read More

Draft Bill: Illinois Intrastate Crowdfunding Exemption

Well it’s official. At long last my proposed Illinois intrastate crowdfunding exemption has been formally drafted as a proposed bill. It may be without a sponsor at the moment but one step at a time…. For those that are interested in reading the full proposed… Read More

Chicago Startup Launches $100,000 Kickstarter Campaign For Battery Device; Receives the Cool idea! Award

On Thursday (October 9th), creators of the Chicago-based startup AMPY hit Kickstarter with a  crowdfunding campaign to raise $100,000 for its self-titled energy battery device. Not only has the new product attracted a lot of attention, it has been presented with the latest Proto Labs… Read More

Tribune Op-Ed: Bring Equity Crowdfunding to Illinois

As retail investment crowdfunding has stalled in regulatory limbo at the federal level, many states have moved foreword with homegrown initiatives to bring investment crowdfunding to companies operating within their state borders.  The old media maven Chicago Tribune has shown they are interested in bringing the… Read More

Illinois Investment Crowdfunding Exemption Get’s Independent Push

Just last week Crowdfund Insider was sharing an article by Attorney Tom Sharbaugh on how many states have found a way to go ahead with crowdfunding without the delay and burdens involved with the Federal crowdfunding exemption.  This week we have another attorney, Anthony Zeoli, who… Read More

University Of Illinois To Host Workshop On Crowdfunding, JOBS Act

The University of Illinois and embedded incubator EnterpriseWorks are hosting a crowdfunding workshop detailing upcoming regulatory changes brought on by the JOBS Act. Entrepreneur in Residence Alan Singleton will be speaking at the event. Owned and operated by the University of Illinois to help launch… Read More

Failed Kickstarter Creator Pleads: Stop “Showing Up At My Door”

Did the Creator of the Eventorbot Share a Glimpse Into Crowdfunding’s Dark Side? Frankfort, Illinois resident Duy Dang took to Kickstarter in September of 2012 seeking $25,000 in funding for something called the Eventorbot, described as an “open-source 3D printer.” Between September 12th and October… Read More

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