Nearly one month after collecting the first tranche of a $50 million round in the form of a strategic investment from home security company ADT, Life360 has named a chief technology officer, and expanded its platform as new competitors encroach.
The San Francisco-based company named former Klout chief technology officer Virendra Vase as its new CTO. Vase previously worked at Salesforce and Yahoo! Read More
The equity crowdfunding platform SeedInvest announced yesterday that it closed a $4.15 million Series A round.
The first $2 million came from several VC firms, including Scout Ventures, Great Oaks Venture Capital, Avenue A Ventures, Archer Gray, and Krillion Ventures. The rest came from 42 accredited investors through the crowdfunding platform’s own raise. The average investment size on its platform came out to just over $51,000.
“We decided there was no better way to illustrate our conviction in our platform than by utilizing it ourselves,” said Ryan Feit, CEO and co-founder of SeedInvest in a statement. “This was the perfect occasion to tap our rapidly growing investor base and provide them with the opportunity to join our journey.”
SeedInvest claims it raised its $3 million target in a week, which is a bit misleading since it had secured the $2 million from VCs back in April. Still, it’s an impressive step for the company that’s taken an active role in promoting equity crowdfunding since the JOBS Act was signed into law back in April 2012.
In just the past three months, the company claims, it has helped firms raise over $6 million through its platform.
Though it eventually wants to open up to the unaccredited crowd, for now SeedInvest is limited only to accredited investors — that’s the case for nearly all crowdfunding platforms operating at the moment. A select few, like Fundrise, register certain offerings with the SEC, allowing for the unaccredited to participate, too.Read More →
Over the last two years, crowdfunding thought leaders have been coming together in Las Vegas for the Global Crowdfunding Convention and Bootcamp.
This year is no different, with the third iteration of the event scheduled for October 23-25.
The annual event draws crowdfunding evangelists and entrepreneurs to network and discuss crowdfunding trends and emerging technologies. For those who are less familiar with the industry, there’s a crowdfunding master class scheduled. The agenda also includes crowdfunding advice from successful campaign owners, awards, and more.
As in past years, there’s an impressive speaker and panelist lineup. Some of the names include Douglass Ellenoff of Ellenoff Grossman & Schole, Sherwood Neiss and Jason Best of Crowdfund Capital Advisors; Kevin Carreno of FINRA; Paul Niederer of ASSOB, Daryl Hatton of FundRazr, and Kendall Almerico of Fund Hub, among many others.
On Friday, event organizer Ruth Hedges announced that Shark Tank investor Kevin Harrington and author and speaker Scott McKain are joining the speaking roster.Read More →
Just a few months after acquiring the pricing and quote-check software developer SteelBrick in a $5 million transaction, Godard Abel, the serial entrepreneur behind BigMachines and G2 Crowd, has brought in $6.5 million in new financing from Emergence Capital Partners for his latest venture. Read More
Stealthy advertising technology developer Adcade has a proposition for advertisers worried about the death of Flash.
Get over it.
The New York-based company has launched with a new technology that delivers ads on any device using its own proprietary ad-building platform and a coding language the company built from the ground up specifically for digital advertising. Read More
Shanghai-Based ChaseFuture Raises A $400K Round To Ease University Admissions For International Students
ChaseFuture, a Shanghai-based startup that built a platform where admissions experts and college alums can coach international students on how to get in, just raised $400,000 in a fresh seed round. Led by Banyan Partners and Harbor Pacific Capital, the round also included Artesian Capital Management and other educational technology angels including an AngelVest consortium, SingTel Innov8′s… Read More
Auto Finance News, which is presented by Fiserv, has just released an article on VroomBank.com and their parent company, Braeger Auto FInance Group, discussing the potency of the VroomBank.com investment model and the monstrous benefits it will provide to the multi-billion dollar auto finance market.
VroomBank.com and Braeger Auto Finance Group have solved a problem in a monstrous industry. Crowdfund Capital Advisors yesterday via MarketWired.com stated the VroomBank.com that, “if VroomBank.com get’s it right, they will have more business than they can handle. This is another article clearly stating how VroomBank.com has solved the problem.
Simon Yoo, Founder and Managing Partner of Green Visor Capital, said: “For reasons both professional-and-personal, we care deeply about the democratization of access-to-capital.Thanks to recent regulatory changes and the advent of new technology, the capital markets of the future are going to be materially-different from what we see today. No longer will a small group of gatekeepers–decide what companies or ideas get funded, but rather the investors–themselves, whose numbers will multiply under the JOBS Act, will directly make the determination.The platform that the Wefunder team has built has tremendous potential to further facilitate the paradigm shift already under way.”
SOURCE:http://www.businesswire.com/news/home/20140415006173/en/Green-Visor-Capital-Invests-San-Francisco-Based-Crowdfunding#.U03_oqIhjCERead More →
Telefonica, the Spanish carrier with operations in 24 countries and 323 million customers, is making its latest bid to expand its business beyond basic mobile and telephone services, by moving into ad tech. It’s teaming up with Blackstone to launch Axonix, a real-time bidding mobile ad exchange that has been built on technology from MobClix, whose assets were acquired by the private equity giant… Read More