Fayetteville, AR, June 04, 2015 (GLOBE NEWSWIRE) -- EquityNet is announcing today that its crowdfunding platform has surpassed $300 million in funding raised by thousands of entrepreneur members. The pioneering EquityNet platform now includes over 16,000 listed companies and 120,000 entrepreneurs and investors, making EquityNet one of the industry’s leading business crowdfunding platforms.
Judd Hollas, founder and CEO of EquityNet, stated, “Once again, we’re very proud to announce the continuing growth of our platform and are delighted that so many companies have achieved funding success through EquityNet. As our membership and the crowdfunding industry as a whole continue to grow, we will continue to streamline the funding process for entrepreneurs and the due diligence process for investors. Our goal is to create a superb experience for investors and a higher funding success rate for entrepreneurs.”
EquityNet was founded in 2005 and was one of the first operating crowdfunding platforms in the world. Since its inception, it has allowed entrepreneurs from all industry sectors to connect with accredited investors to raise capital for their startups and small businesses. Using EquityNet, these entrepreneurs have raised one of the largest amounts of equity, debt, and royalty-based business capital in the industry. Companies like Mine Shaft Brewing based in Park City, Utah, have taken full advantage of the capabilities that EquityNet has to offer.
“EquityNet’s platform provides a high-quality investor population and awesome support from their staff. We were able to raise over $650,000 within several months. When it comes to crowdfunding, EquityNet is where you need to be,” said Tim Nemeckay, CEO of Mine Shaft Brewing.
Crowdfunding has been shown to improve the capitalization of young businesses, often considered to be the most limiting factor in modern capitalism. The US JOBS Act, signed into law by President Obama in 2012, focuses on the growth of privately-held companies in the United States. In September 2013, EquityNet was the first crowdfunding platform to enable Title II of the US JOBS Act, which allows businesses to publicly advertise their need for equity funding online and take advantage of the lifting of the eighty year-old ban on general solicitation in the United States.
In addition to the ability for entrepreneurs to publicly advertise their need for funding, EquityNet provides entrepreneurs and investors the most advanced crowdfunding technologies in the global industry. EquityNet currently holds five granted crowdfunding patents and additional pending patents in the United States, covering multiple distinct inventions. This leading technology provides innovative campaign creation and distribution abilities for entrepreneurs and is combined with the industry's most advanced screening and due diligence technology for investors.
David Mandel, Chairman and Co-Founder of Bitvore stated, “Our success with EquityNet has been excellent. We have found investors who have provided our company with new connections, industry experience, and other strategic values.”
About EquityNet
EquityNet is a recognized pioneer of crowdfunding and has operated one of the largest business crowdfunding platforms since 2005. The multi-patented EquityNet platform includes over 100,000 individual entrepreneurs and investors, incubators, government support entities, and other members of the entrepreneurial community. EquityNet provides access to thousands of investors and has helped entrepreneurs across North America raise over $300 million in equity, debt, and royalty-based capital.