their win, he’s had a lot of people from the Ph
iladelphia community reach out tohim about investing and is in the process of seeking a round of funding. The site isstill in the pre-launch phase but entrepreneurs and business owners can apply forearly access.
This shiny new site fromApps Genius Corp popped up just last
month and is currently reviewing pre-registrations to be selected for participationin their pre-launch. In a
n effort to attract “the best possible businesses seekingcrowdfunding,” the 25 companies that are chosen will each receive up to $5,000.
A group of venture capitalists, entrepreneurs and investment bankershave teamed up to launch RelayFund, which is the creation of investment bankingfirm Hartwick Capital and investor relations firm Lambert, Edwards & Associates.According toa press release
,the founders view crowdfunding for equity as “the
next major catalyst in transforming the capital markets and connecting everyday
Americans with private equity.” The press release also calls RelayFund “a leading
online community focused on second-
generation crowdfunding…” but the site has
yet to launch.
Founded in January 2010 by an MIT Sloan School of Managementgrad and still in pre-launch, WeFunder boasts a community of 6,100 funderspledging more than $16.5 million in investments.According to Mashable,the
platform combines traditional startup funding with equity crowdfunding inamounts as low as $100.
Equity-based crowdfunding is already legal in the UK, and
CrowdCube has been around for a few years already. They’ve raised £2.8 millionfor 15 companies so far. The company hasn’t announced any plans to expand into
the U.S. market but given their experience compared to these new domesticplayers, they are positioned well to do so.There are also dozens of platforms targeted at specific niches and industries likeCircleUp for consumer goods,GreenUnite for green projects,Appsfunder for
mobile apps, and New Jelly for artists.