LAS VEGAS, April 9, 2012 /PRNewswire/ -- Arctic Island today announced that it has closed on an initial $200,000 angel investment to fund the development and launch of its' new crowdfunding platform.
"We are thrilled that President Obama signed the JOBS Act, along with the crowdfunding provisions, into law yesterday," said Scott Purcell, Arctic Island's founder and President, "Congress has really stepped up and, in a bipartisan way, done something extraordinary for American entrepreneurs and business owners."
The company will use the money to hire staff and press forward with the design, coding and launch of the service. ArcticIsland.com is expected to launch in June of 2012, and will be an easy to use yet extremely powerful web-based fundraising application for investors and business owners.
The Arctic Island crowdfunding platform will enable investors and job creators to come together using a wide variety of deal types. The service will also engage investors, entrepreneurs, media, service providers and other interested parties in a unique social network.
SOURCE Arctic Island, LLC