Description
SeedInvest is an equity crowdfunding platform that connects startups with investors online. The company was founded in 2012 and launched in 2013. SeedInvest has focused on building liquidity in the platform by attracting high-net-worth individuals, family offices and venture capital firms. SeedInvest screens and vets deals before allowing them to take advantage of the JOBS Act exemption permitting General Solicitation. In September 2014 the company launched a partnership with Angel Investing website Gust. In October 2018, SeedInvest was acquired by peer-to-peer payment company Circle Internet Financial Ltd.
Funding
SeedInvest raised a significant portion of its own $4.15 million in total Series A funding online in April 2014 from Scout Ventures and a mix of venture capital and angel investors. An earlier round of seed capital was raised in 2013.
Capital raised on the platform
Notable funding rounds on SeedInvest have included Virtuix ($7M raised), Knightscope ($5M raised), Keen Home ($2.5M raised), DSTLD ($2.5M raised), ChargeItSpot ($1M raised), Patch of Land ($1M raised), Sharestates ($1M raised), Snapcard ($1.5M raised) and Vengo Labs ($2M raised).
JOBS Act
SeedInvest founders Ryan Feit and James Han were involved in consultation with the U.S. Securities and Exchange Commission (SEC) and in the United States Congress for the passing of the JOBS Act. The JOBS Act included provisions that permit online equity crowdfunding by platforms such as SeedInvest. SeedInvest hosted the first Testing The Waters campaign under the new Regulation A rules for equity crowdfunding on June 19, 2015.
