Equity crowdfunding platform VentureCrowd has raised $10 million in a Series A.
As well as $6.6 million from existing investors, the company used its own platform to raise an additional $3.9 million from new investors.
The funds are earmarked to further develop VentureCrowd’s technology platform, scale its retail product offering in venture capital, property, private credit and funds and expand into Asia with an office in Singapore this year.
VentureCrowd CEO Steve Maarbani said the platform has now raised more $180 million for companies since its inception. There were 21 successful raises during FY 2021 with a 63% increase in investments, while membership doubled to 63,000.
CEO Steve Maarbani said he was humbled by the support from VentureCrowd members.
“The amount raised is indicative of the fact that members are not only pleased with our current progress, but are truly invested in the future of our company which is to digitise the process of investing in and managing alternative assets and by doing so, make them available to millions of new investors in a mobile-first environment with no more than three clicks,” he said.
“New and creative solutions in health, agriculture, education, renewable energy and sustainability are what the world needs at the moment and VentureCrowd believes that investments tackling these challenges should be available to all investors to deepen the available pool of capital and ensure more great projects can obtain the funding they need to succeed.”
VentureCrowd shareholder and investor John Bacon was among those backing the business.
“Having invested with VentureCrowd and watched the company grow over the past four years, I’ve never been more assured of the platform’s success,” he said.
“Investing in solution-providing startups has proven to be financially rewarding and enough can’t be said about helping innovative companies make the world a better place. The proven expertise of the VentureCrowd team is the green light for me and I am truly excited for what 2022 holds for the company.”
The platform also recently teamed up with digital venture studio Josephmark to help take early stage startups from idea inception to IPO.
The partnership offers a complete set of growth services to early-stage startup founders from Josephmark’s brand, product, growth, and venture strategy and rollout services through to investment support and fundraising via the VentureCrowd platform.
The two are also developing an innovative, new digital platform to foster connections and collaboration opportunities between VentureCrowd’s members and early-stage founders.
The platform also distributed over $8 million to investors through property products and recently entered into a joint venture with building partner HomeCorp Property Group (majority owned by the Toyota Motor Corporation). The partnership will work to eliminate construction and delivery risk, ultimately allowing a wider range of investors to get in on the ground floor of lucrative property deals.