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Revision as of 21:02, 22 March 2017
| Industry | Crowdfunding |
|---|---|
| Founded | 2013 |
Area served | United States |
Key people | Ken Staut (Co-Founder CEO) |
| Services | Entrepreneurship, Investment, Small Business |
| Website | www.growthfountain.com |
GrowthFountain
GrowthFountain is an online investment marketplace that connects US small businesses and startups with both accredited and non-accredited investors.[1] The GrowthFountain marketplace operates under the JOBS act, specifically under exemptions given in Title III. Companies raising capital on GrowthFountain are legally permitted to advertise their campaigns publicly. An investor is not required to be accredited, and investments start at $100.
History
Based in New York City, GrowthFountain was founded in 2013 by Ken Staut and Leon Stiel, former hedge fund and technology managers.[2] In January 2017 GrowthFountain launched its first marketplace.
The JOBS act
In the final rules of the JOBS act, Congress cites GrowthFountain 11 times.
Partner Network
In March of 2017, GrowthFountain launched partner sites with Digital Federal Credit Union, Jeanne D’Arc Credit Union and Rivermark Community Credit Union.[3] Through these platforms, credit union members can support and invest in their local businesses, and local businesses can tap into customers and community for investment. The credit union marketplaces support each other and increase exposure across the GrowthFountain network, with the intention of increasing the success of a fundraise.[4]
External Links
- ^ Kamps, Haje Jan. "New equity crowdfunding platform GrowthFountain launched today". TechCrunch. Retrieved 2017-03-22.
- ^ "Why I sold my hedge fund to take on the banks - eFinancialCareers". eFinancialCareers. 2017-02-07. Retrieved 2017-03-22.
- ^ "With new partnerships, CUs embracing role as the original crowdfunders" (PDF).
{{cite web}}: Cite has empty unknown parameter:|dead-url=(help) - ^ "Callahan & Associates Announces Strategic Partnership with GrowthFountain Opening Crowdfunding Opportunities for Millions of Credit Union Members". Crowdfund Insider. 2014-11-04. Retrieved 2017-03-22.