First close of $438,000 for crowdfunding compliance API developer CrowdBouncer

crowdbouncerA first close of $438,000 was initiated by CrowdBouncer on January 20th. 73% of the $600,000 non-brokered equity offering was placed with two investors. The offering will remain open for a year during which the company may raise an additional $163,000. No previous offering was initiated by the company under a registration exemption. The equity offering’s expected net proceeds will amount to $549,000 which excludes $51,000 to be paid toward officers’ salaries. CrowdBouncer is backed by InVentures Group and Seed Capital Partners.

The company develops and markets a Platform-as-a-Service (PaaS) JOBS Act compliance solution for equity crowdfunding portals. While accredited investors verification is the obvious service to offer, the other services clearly position the company to provide structure to the market place by offering identifiers for equity securities via its CrowdSIP as well as a central database for section 302(a) limitations with its Title III Database.

CrowdBouncer, formed in 2012 and registered in 2014, is headquartered in Buffalo NY. It is led by Robert “Bob” Carbone (CEO). CrowdBouncer reported revenues on or below $1, million. The board of directors includes Keith Blakely.

Offering recap:
Status: First close
Company: CrowdBouncer
Industry: Other
Amount offered: $600,000
Amount placed: $438,000
First Sale: 01/20/14


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