Equity Crowdfunding Platform Return on Change Has Million-Dollar Baby

Monday, May 5, 2014

It may happen in careful, tiptoeing steps, but a local equity crowdfunding platform is maturing.

On Wednesday, New York-based Return on Change revealed that a cleantech startup, Geostellar, used its website to close a $1 million round. It is the first company using Return on Change to break seven figures in one campaign, giving some credence, Return on Change CEO and founder Sang Lee says, to equity crowdfunding as a way for sophisticated startups and investors to do deals.

Source: Xconomy (link opens in a new window)

Categories
Entrepreneurship, Technology
Tags
crowdfunding, crowdsourcing, impact investing