SeedInvest has launched a new equity-based crowdfunding platform today that connects accredited investors with technology startups and small businesses looking for new funding.
The company says its mission is to make it much easier for innovators and investors located in the US to use the Internet in order to raise capital. As a result it has created a web-based platform that removes almost all geographical limitations, as well as financial costs such as deal sourcing and investor sourcing.
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It includes an advanced data room, which is designed to accelerate the due diligence process for investors by providing them with tools to flexibly manage all of their materials and documentation. There’s also an investment dashboard, which is the overarching hub or home screen that allows professionals to manage their investments and also collaborate with other potential investors.
Meanwhile, technology startups can use a virtual boardroom, which SeedInvest says is an interactive interface designed to help them manage their investors by publishing updates and also hosting due diligence sessions. A number of execution tools can also be used to simply the process of collecting funds from investors and signing legal documents, thereby speeding up the overall process.
Over the last few weeks, 240 accredited investors have registered on SeedInvest, looking to invest $16 million per deal collectively. The company has also been personally curating a number of investments to make sure several deals are already active on the website. Both investors and technology startups can register for free right now on the platform.
SeedInvest was founded last year by Ryan Feit and James Han, both professional investors who worked alongside Startup Exemption, a group that created the Crowdfund Investing Framework and helped pass the JOBS Act in 2012.
The platform joins a number of other equity-based crowdfunding services, such as Seedrs, which are looking to help link up investors and entrepreneurs online. This is clearly a growing model, and one that we expect to continue throughout the year.
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