Crowdfunding - Retail sector5 Jan 2015 08:04
Crowdfunding for the retail sector is gathering some pace across the pond, you can certainly understand the attraction if they are able to leverage the retail investing community, ........GL S
Private Equity Crowdfunding Marketplace for Retail Investors InvestX Announces Beta Launch
December 16, 2014 @ 10:48 am By Samantha Hurst
Initial USD $5.2 Million Seed Round Secured From Prominent Investors
Invest X
InvestX Capital announced on Tuesday (December 16th) the beta launch of its cross-border private equity crowdfunding marketplace for U.S. and Canadian investors, opening up an asset class previously only accessible through larger (USD $1 million or higher) investments. For the first time, InvestX will provide accredited retail investors with direct access to high-quality private equity opportunities at low minimum investments (starting at USD $2,500), sourced and thoroughly vetted by a select group of partnering private equity firms.
The initial offering on the InvestX beta site allows accredited investors the opportunity to invest in Cleveland HeartLab’s Series C financing. Cleveland HeartLab (CHL) is a well-established, five-year old health sciences company known as one of the leading providers of comprehensive cardiovascular disease prevention, diagnosis and management services. CHL has already secured over USD $32 million in funding from institutional investors such as Excel Medical Ventures, Healthcare Venture Partners, Mutual Capital Partners, Cleveland Clinic, and one of the world’s largest healthcare companies. Through its private equity partner, Mutual Capital Partners, InvestX has secured a USD $1,000,000 allocation for InvestX members with an expected closing on January 15, 2015.
Marcus NewFounder and CEO of InvestX Marcus New stated,“Private equity has long been used by institutions and ultra-high net worth individuals to add assets to their portfolios with traditionally higher returns than the public equity markets. Our goal is to democratize private equity investing – to provide every accredited investor with access to the same opportunities as the professional investor – and through InvestX, our private equity crowdfunding marketplace, there is an unprecedented opportunity to access established, high growth private companies that are already generating revenue.“
Earlier this year, InvestX closed a USD $5.2 million seed investment round from investors who support Mr. New’s vision. This included U.S. Global Funds, Meridian Funds, Pathfinder Asset Management, Mercury Capital, Mutual Capital Alliance and Stockhouse Publishing, along with a group of prominent angel investors. The private equity crowdfunding marketplace will use the funds to continue to build the InvestX platform and bring a wide variety of quality private equity opportunities to its members. Two additional deals are already sourced and will be available in early 2015.
Frank Holmes....An initial invest