Equity Crowdfunding Platform Initial Crowd Offering, Inc. Closes Equity Financing with Third-Party Investor

Initial Crowd Offering, Inc. closed its initial capital raise to finance the development of its premier equity crowdfunding portal. A private angel investor injected sufficient cash to cover the remaining platform development costs, as well as expand the company’s marketing campaign. The company was previously funded through seed capital provided by its founders. An Initial Crowd Offering™ (ICO) is the IPO for small and emerging businesses. It is the newest way to invest and raise capital for small and emerging businesses.

  • Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend

ICO Icon

Most potential investors were enamored with how equity crowdfunding will open a brand new capital market for small and emerging businesses.”

Houston, TX (PRWEB) July 18, 2012

Initial Crowd Offering, Inc. today announced the closing of a third-party equity financing round, providing capital to finish developing the equity crowdfunding portal. Funds were raised from a private angel investor primarily to finance platform development costs and fuel a substantial increase to the company’s marketing campaign once development has been completed.

According to Perry West, the company’s CEO, “the third-party financing further evidences an increasingly optimistic outlook for equity crowdfunding in the United States. Most potential investors were enamored with how equity crowdfunding will open a brand new capital market for small and emerging businesses. There appears to be a high level of demand from companies seeking capital and investors seeking venture investment opportunities; ICO will bring the two together.”

Equity crowdfunding will deliver much needed efficiency to the capital markets for small and emerging businesses. ICO will facilitate this new efficiency by providing investors with the most transparent environment for investing in small and emerging businesses. For companies, the ICO platform will provide the venue to market a business and receive investments from “the crowd” - friends, family, contacts, and complete strangers who believe in the business.

An Initial Crowd Offering™ (ICO) is the IPO for small and emerging businesses. It is the newest way to invest and raise capital for small and emerging businesses. Before the JOBS Act was signed into law on April 5, this market was restricted to venture capitalists and high net worth individuals. When the CROWDFUND Act is implemented early next year, the everyday investor will be able to participate in this exciting market. For small and emerging businesses, this will allow ICOs fill the gap left by conventional financing sources.

While the JOBS Act legalized equity crowdfunding or “crowd offerings,” users will not be able to complete investments or offerings until the US Securities and Exchange Commission releases a final set of rules later this year. The company intends to register with the US Securities and Exchange Commission as a “funding portal” as defined by JOBS and CROWDFUND Acts. Until then, investors and companies can begin the process of preparing to invest or file an ICO by visiting http://www.initialcrowdoffering.com.

-------------------------------------------------------------------------------------------------

Crowdfunding Defined:

Crowd funding is defined as the collective effort by people who network and pool resources to finance projects, businesses and other ventures. Specifically, this involves raising capital by receiving small investments from a large cross-section of people (the Crowd) in an Internet community.

Crowdfunding is typically conducted via an Internet-based funding portal. The term “crowdfunding” includes and is sometimes referred to as crowd financing, equity crowdfunding, crowdraising, capital crowd sourcing, crowdcapital, and other similar terms.

ICO is implementing equity crowdfunding in the United States pursuant to new laws included in the CROWDFUND Act of 2012 (part of the JOBS Act), which legalized equity crowdfunding in our country. These new laws allow small and emerging businesses to raise up to $1 million by offering equity or debt investments to crowd investors.

-------------------------------------------------------------------------------------------------

About Initial Crowd Offering, Inc.:

An Initial Crowd Offering™ (ICO) is the IPO for small business.

The ICO platform connects investors with small and emerging businesses, allowing direct, real-time investments in exchange for equity ownership through a secure site.

For investors, ICOs are the opportunity to invest, own, and participate in exciting small and emerging businesses. This market was previously restricted to venture capitalists and high net worth individuals. ICO's state-of-the-art technology provides the most transparent environment for investing in small and emerging businesses.

For companies, the ICO platform delivers investors for them to market their business and receive investments from “the crowd” - friends, family, contacts, and complete strangers who believe in the idea.

InitialCrowdOffering.com provides investors and issuers in-depth information and guidance about the relevant requirements and opportunities. The ICO CrowdCenter™ is the most comprehensive source for up-to-date news, legislative updates, blogs, forums, and everything you need to know about crowdfunding in the US. Our experienced legal and financial staff prepare proprietary content and draw on relevant news feeds to keep you abreast of the issues as they emerge.


Contact

Follow us on: Contact's Facebook Contact's Twitter Contact's LinkedIn