SANTA MONICA, Calif., July 18, 2016 /PRNewswire/ -- Digital marketing agency CrowdfundX today announced that its CEO Darren Marble has been elected to the Board of Directors of the Crowdfunding Professional Association (CfPA) effective July 1 the 2016-2017 term. The CfPA, a 501 (c)(6) nonprofit trade group established shortly after the signing of the Jumpstart Our Business Startup Act ("JOBS Act") on April 5, 2012, was instrumental in the passing of the Securities and Exchange Commission (SEC) Regulation A+ ("Reg A+") and Regulation CF rulings, allowing small businesses to raise up to $50 Million and $1 Million respectively from accredited and non-accredited investors alike. Marble joins the CfPA nearly one month after the last of these rulings was finally put into practice.
"I'm honored to join the CfPA as a Board Member," said Marble. "My vision is for the Crowdfinance industry to provide emerging companies with the capital they need faster, cheaper and more efficiently than ever before. I am eager to offer my time and energy to help CfPA achieve its stated mission."
Marble founded CrowdfundX in 2015 to help entrepreneurs discover smart new ways to raise visibility and, ultimately, grow their businesses via newly available fundraising options. CrowdfundX is firmly established as a full-service digital media and marketing agency specializing in branding, advertising, graphic design, video production, public relations, advocate marketing, social marketing, influencer marketing, digital marketing and digital advertising. The agency has conducted and advised multiple successful rewards- and equity-based Crowdfunding campaigns, including the Elio Motors Reg A+ campaign, which recently closed raising nearly $17 million from 6,000+ investors and listed on the OTC Markets. (Elio Motors website)
Investment Crowdfunding via the JOBS Act is growing exponentially, with a large majority of participating entrepreneurs flocking to platforms such as SeedInvest, StartEngine and WeFunder. With experience leading multiple equity Crowdfunding campaigns since the Reg A+ rules went into effect in June 2015, CrowdfundX has worked with issuers and platforms directly to bring their unique take on storytelling to these campaigns to drive widespread awareness.
"Our 13-member board is stacked with passionate, diligent and brilliant professionals from all walks, and Darren represents an ideal addition to the board as we move the organization into more public-facing operations," said Scott McIntyre, CfPA president and chairman. Dedicated to equitably representing all participants in the Crowdfunding industry and supporting the SEC and Financial Industry Regulatory Authority (FINRA) during the rulemaking period, the CfPA provides the rapidly expanding Crowdfunding industry with education, professional networking opportunities and the necessary tools needed to cultivate a balanced and healthy ecosystem, accelerate capital formation, and ensure investor protection. The CfPA has developed a growing knowledge base as it moves into gathering industry best practices after more than four years of experience with public, internet-based venture support and more than two years of accredited investor financing under the JOBS Act.
CrowdfundX is a pioneering Crowdfunding agency serving corporations and entrepreneurs across a wide mix of industries. The company helps clients to effectively architect and execute strategic equity and rewards-based Crowdfunding campaigns that build brand equity and drive growth. CrowdfundX regularly oversees comprehensive campaigns for multinational corporations, VCs and entrepreneurs alike, including XTI Aircraft, Elio Motors, Inventure Holdings, XY Findables, K2 Communications, TAXA Biotechnologies, Med-X, Inc., XREAL and SURKUS. For more information regarding CrowdfundX, visit www.crowdfundx.io.
About the CfPA
Established shortly after the signing of the Jumpstart Our Business Startup Act ("JOBS Act") on April 5, 2012, the Crowdfunding Professional Association (CfPA) is the leadership and advocacy organization bringing together all those who support and benefit from the nascent Crowdfinance industry. Working alongside legislative and regulatory bodies, established financial services firms, rising FinTech businesses and academic leaders, the CfPA helps cultivate and balance a healthy ecosystem that aims to accelerate capital formation for startups and emerging growth enterprises while ensuring investor protection. CfPA members include entrepreneurs, financial professionals, FinTech leaders and legal experts possessing diverse backgrounds and business models. Since 2013, the CfPA's Annual Summit has been helping drive the industry forward with leading-edge unbiased programming and unparalleled networking. Please visit http://www.cfpa.org for additional information.