Online Solar Marketplace Raises $1 Million on Return on Change Using Equity Crowdfunding
New York, New York (PRWEB) April 30, 2014 -- Geostellar, a leading online solar rooftop marketplace, announced today it has closed its $1 million round of funding with Return on Change, an online investment platform. Making use of the JOBS Act, Geostellar (http://www.returnonchange.com/Geostellar) successfully raised the million dollar round in three months. Noted as the “KAYAK of solar rooftop installations”, Geostellar helps homeowners secure the best deals on solar rooftop panels by comparing and tailoring a variety of installation and financing plans. The majority of the capital raised will be used to further develop Geostellar’s platform to facilitate interactions between solar sales agents and homeowners, and an API for integration with third-party Web sites and mobile tools.
“Return on Change was particularly helpful in finding the right investors for us. They had all the information in front of them, and pushing the ‘Invest’ button was a simple way to express their interest in participating. It was easy for me to update the site, rather than circulating new documents…Raising capital online since the JOBS Act makes it much easier to spread the word, get potential investors engaged and provide information,” the CEO of Geostellar, David Levine stated.
Geostellar set the terms for their raise on Return on Change. Howard Teich, an investor of Geostellar stated, “The ease of Return on Change's investment program allowed me to invest in one of the most important companies on the planet [Geostellar]. Without Return on Change I would not have been able to show up and take action to participate…”
“We believe Geostellar is a clear example of a business that has profit potential for investors and long term sustainable value. Our team had a great time working alongside Geostellar’s team, collaborating on sharing the opportunity with potential investors to reach the $1 million goal. Additionally, Geostellar’s proactive strategy in attracting investments was paramount to their successful fundraise. We’re excited to form a long term relationship with Geostellar and see how we can continue to be of value to their growth,” Sang H. Lee, CEO of Return on Change shared.
Return on Change’s platform provides startups with the tools to efficiently connect with accredited investors online. Its centralized capital raise management tools allow entrepreneurs to easily disseminate information, handle investor accreditation, and access investors outside of an entrepreneur’s direct network. Partnering with CrowdCheck and WealthForge Holdings, Return on Change will continue to provide useful tools and networks to enable investors and startups to thrive in the equity crowdfunding space.
About Return on Change
Return on Change is an online investment platform efficiently connecting startup companies and investors. Using the Internet to digitize the startup capital raise and investment process, Return on Change is focused on startups with high potential and sustainable value creation. Its secure and transparent platform helps entrepreneurs who are looking to raise capital from front to back. For more information visit http://www.returnonchange.com or visit them on Twitter @RoCSpeaks.
About Geostellar
Geostellar is a leading online solar marketplace, helping homeowners secure the best deal on solar energy by comparing and tailoring a wide variety of installation and financing plans. Through advanced simulations on an intuitive social platform, Geostellar lowers the cost of solar, making it more competitive with conventional electricity. The result is more accessible, affordable and plentiful clean solar power for America. The company is the recipient of numerous awards, including selection as an IHS Energy Innovation Pioneer, the Global Cleantech100, the Global Cleantech Cluster Association’s Best of Solar and the AlwaysOn GoingGreen Global 200. Visit http://www.geostellar.com or on Twitter @Geostellar.
Contact
Grace Kim, Brand Director
http://www.returnonchange.com
Grace.Kim(at)returnonchange(dot)com
(718) 683-8232
Grace Kim, Return on Change, http://www.returnonchange.com, +1 (718) 683-8232, [email protected]
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