(PRWEB) March 17, 2016
Nashville, TN: Today, KickShark, Inc., a Tennessee product development and technology accelerator company, and one of Tennessee’s fastest growing technology startups announces the launch of its new RaiseTN equity crowdfunding platform for Tennessee startups seeking to sell stock to Tennessee residents. Based on recent changes in state and federal regulations regarding intrastate securities offerings, and SEC guidelines issued regarding general solicitation over the Internet, the RaiseTN platform provides a legal, simple community where Tennessee startups and Tennessee residents can conduct equity funding activities.
RaiseTN allows Tennessee residents to invest as little as $250 into stock shares in the state’s most promising startups and early stage growth companies, or as much as the legal maximum of $10,000. Full details about the platform are on the RaiseTN.com web site.
“RaiseTN is not the first in-state equity crowdfunding site in the country. But, it is the first one built to provide an automated process that ensures full regulatory compliance for both state residents and state businesses engaged in raising funds for startups,” said Jack Campbell, KickShark’s CEO, and the developer of RaiseTN. “Our approach is to provide one simplified path for individuals interested in startup investing and the companies looking to raise startup funding in Tennessee. While RaiseTN won’t accommodate every imaginable possible funding scenario, it will handle the most common one of a true Tennessee corporation seeking to market shares to Tennessee residents, and will do this with absolute compliance with all applicable regulations at the state and federal levels.”
RaiseTN.com is open today with its first pilot fundraising campaign, for its own parent company, KickShark, Inc., in Nashville. The stock offering is only available to visitors to RaiseTN.com who register for access to the site. However, Mr. Campbell says, “We wanted to launch this new platform with the type of campaign we expect to be its bread and butter going forward, and we could find no better candidate for the role than our own venture.”
RaiseTN will open its platform to multiple campaigns on May 1st, and is seeking six Tennessee startups to host at that time at no cost to these companies. The platform is accepting inquires from startups on its web site, and will select the six launch projects on April 10th. Any startup in the state ready to present a case for its fast growth, high profitability potential to individual investors should submit a request to join the May 1st RaiseTN group.
“This is all completely uncharted territory for Tennessee businesses and individual investors. RaiseTN is a true market disruption in the startup funding segment,” says Kristin Cales, KickShark’s marketing director. “A big part of our mission is to educate the public about the risks and rewards of startup investing, and to present these new tools enabled by the recent Invest Tennessee legislation in an open, educational manner to everybody in the state.”
RaiseTN is live today with its first pilot campaign for KickShark, Inc. in Nashville. The company invites anyone interested in testing the waters of intrastate equity crowdfunding to visit RaiseTN.com, study the materials there, evaluate this initial fundraising campaign, and get a feel for the concept.
KickShark, Inc. is a fast growing Tennessee benefit corporation engaged in developing and marketing amazing new technology products, often including online crowdfunding or pre-order campaigns.