InvestX Capital Ltd., developers of a cross border platform that give investors access to retail size allotments of private equity and venture capital backed companies alongside institutional investors, announced today that it has opened up its second round financing on the Waverley – Powered by InvestX platform to raise US$1.5 million.
Marcus New, CEO of InvestX, stated:
“Financial platforms are disrupting the financial services and wealth management industries. Early innovators who have become marketplace leaders like Lending Club, Prosper, Realty Mogul, and Wealthfront have all been funded by institutional investors even though their platforms have democratized access for retail investors.” Mr. New continued “After raising our first round with institutional investors we wanted to be true to the principles and values of our community and give access to the same retail investors who have helped to make us a success.”
Since its launch in March 2014, InvestX has been working diligently to break Wall Street’s lock on the number one returning asset class – private equity and late stage venture capital. PE and VC has historically been an institutional product with multi-million dollar minimum investment amounts, 10 year terms and a callable capital model which has locked retail investors out. InvestX founders building on their success in building stockhouse.com that helped to democratize the public equity markets, launched InvestX to give all investors the ability to own this asset class in their portfolios.
To date, InvestX has given investors the opportunity to access some of the highest-profile, fastest growing global technology companies like Lyft Inc. and Spotify Inc. The second round of financing will be used to continue to grow the community of investors and the number of issuers available.
New said he is truly excited about this financing round:
“Having members and retail investors as co-owners of the InvestX platform and product strategy is a true testament to the great strides we have made to date in advocating for retail investors as we work hard to unlock this number 1 returning asset class for everyone not just Wall Street players.”
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!