Realty Mogul, a site that allows accredited investors to collectively back real estate projects, is announcing that it has raised a $9 million Series A led by Canaan Partners.
The startup launched a year ago, and in its first year it says 6,000 members invested $14.6 million in real estate projects worth more than $100 million.
A software firm has become the first Italian company since the country introduced a pioneering crowdfunding law to raise target capital from investors buying equity through an online portal.
Rome was an early mover in implementing a legal framework for equity crowdfunding, passed as part of a 2012 package of laws intended to encourage startups, which the government sees as a way to boost growth and employment in a struggling economy with record joblessness. Equity crowdfunding resembles services offered by online fundraising sites such as Kickstarter, through which creative projects gather donations from supporters. It offers those who give cash non-listed shares in return for their investment.
Need some crazy crowdfunding ideas, well take a look at our selection from the wacky pile. You thought that some of these ideas were dumb, but actually could be ingenious...
It’s a bird, it’s a plane… oh wait, its a toasted cheese sandwich being delivered in a parachute. In what may be one of the craziest (and most fun) crowdfunding venture to date, the team behind Jafflechutes are taking a love of melted cheese to a whole new level – in some cases seven floors up. They plan to ‘drop in’ on New York City very soon. Those who pre-order can nominate the time they’d like to receive jaffles (aka: toasted sandwiches) and will receive instructions about where to go to await their special delivery. (Source:Pozible)
The crowdfunding industry is hitting its stride. Kickstarter announced recently it has topped $1 billion in pledges for its rewards-based opportunities, and peer-to-peer lending leader Lending Club is preparing for its IPO.
The potential impacts of crowdfunding on the economy and entrepreneurship are staggering. But while rewards-based crowdfunding provides the lowest cost capital a company can raise, not everyone is a winner in this finance model. As Korstiaan Zandvliet, founder of Dutch crowdfunding platform, Symbid said: ”Isn’t it a shame that some of the companies funded through [rewards-based] forms of crowdfunding will go on to make large profits, and all you ever got was a t-shirt?”
Would you like a mentor with that crowdfunding campaign of yours?
If so, crowdfunding site CrowdIt is now providing just that.
The startup is rolling out its “Suits” program, which provides experts ranging from lawyers and accountants to accredited investors and consultants. These experts then act as advisors and resources before, during, and after the fundraising.
Unlike crowdfunding competitors such as Kickstarter and Indiegogo, which focus on the fundraising part of the launching and growing of a project, CrowdIt believes there should be a community that entrepreneurs can be part of even after they’ve gathered their funds. Suits is a major piece of this bigger vision.
A surprisingly common myth about crowdfunding is that once you make your project live, affluent beneficiaries will come flocking to fund your idea. In reality, it takes strategy and foresight to seek out the crowds that will be interested and passionate about your cause, and time invested in building that online community, before your campaign launches.
iChuangye, a Kickstarter-like crowdfunding service in China previously known as 5ichuang, today held its first-ever demo day to debut projects that are raising funds on the platform.
CEO Gu Bing, who preferred to name himself as chief service officer of the site, since he consider his works as offering services to entrepreneurs and venture capitalist in an effort to bridge their demands.
Featured Startup Pitch: Brooklyn Workshop’s ‘vulcanized’ Elby shoes are designed for extra durability for longboarders and anyone else with a super-active lifestyle
Elevator Pitch: Brooklyn Workshop has developed the technology and design to produce a longer-lasting vulcanized shoe.
Through countless hours of testing, Brooklyn Workshop has proven its design and technology for a longer-lasting vulcanized sneaker. Vulcanized shoes are the kind that customers are familiar with from brands like Converse and Vans. They are great because of how flexible, comfortable, soft and ‘grippy’ the soles are. The problem is that the softness comes at the price of the shoe wearing out very quickly. Anyone that has worn a pair of Converse is familiar with how quickly they wear out.
We use a special compound that retains all the softness, grip, and comfort of a vulcanized shoe, but with the added benefit of lasting much, much longer. To test the shoe, we gave pairs to a bunch of longboarders. Longboard skaters do things like foot-breaking that is essentially pressing your shoe on the pavement to stop. So, like an eraser on a pencil, this tends to destroy most shoes. When feedback came back from the riders, we were ecstatic! We even had a rider that took our shoes on a long-distance skate from New York to California. He wore them for over 2,000 miles and they outlasted both his Nikes and his Vans that he took along with him. After that, we knew we had the ‘special sauce’ and were ready to put out the next generation of shoes. We figured if it can take the abuse that our riders dish out, than anyone, even non-skaters, would be happy to have a great-looking, durable shoe.
We visited demohour.com, Chinas leading tech-focused crowdfunding site. The site seems to be doing better every time we visit. This month had more new projects raising larger amounts of funding than we’ve seen in the past. Our top picks have all reached their goals but are still raising money.
Entrepreneurs say new rules from the UK regulator will "take the crowd out of crowdfunding".
New policies come into effect next month concerning crowdfunding in the U.K., drawn up by the Financial Conduct Authority (FCA) Crowdfunding leverages regular consumers who want to purchase equity or a stake in new business, usually startups. Many are hosted through popular platforms like Kickstarter, Indigogo, crowdfunder and even our own platform fundedflow. Investors, lenders and even donators usually get rewards or paybacks the amount they have “pledged”. This could be anything from T-shits, badges, tickets, CD’s or whatever is being funded as a return for support.