Is equity crowdfunding the next channel capital source?

Friday, February 7, 2014

Kirill Bensonoff, founder of, is investigating a nontraditional source of capital as his IT services company gears up for expansion: crowdfunding.

Bensonoff plans to meet with, a crowdfunding site that lets young companies raise funds via its online platform. He suggested that his company’s crowdfunding campaign could kick off in the next couple of weeks., based in Boston, offers managed IT services, cloud hosting services, consulting and support.

“We are an IT services company looking to do some acquisitions and basically looking at crowdfunding … as a way to raise capital to do that, rather than going the traditional route,” Bensonoff explained.

Source: Search ITChannel (link opens in a new window)

crowdfunding, financial innovation, SME finance