SeedInvest Announces That Knightscope Surpassed $10M Raised, Becoming The Most Successful Crowdfunding Campaign To Date
22 Aug, 2017, 09:48 ET
NEW YORK, Aug. 22, 2017 /PRNewswire/ -- SeedInvest, a leading equity crowdfunding platform, announced today that Knightscope surpassed $10,000,000 raised in the company's Regulation A+ "mini-IPO", making it the most successful equity crowdfunding campaign in SeedInvest's history. Knightscope still has almost two months left in their online fundraise, ending on October 10th, 2017.
SeedInvest has now helped over 200 companies raise around $80 million since inception and has already surpassed $25 million of investment volume so far in 2017. Initially SeedInvest worked with just accredited investors on more traditional fundraises but recently opened-up its platform more broadly once the final pieces of the JOBS Act kicked-in. Last year SeedInvest began to enable more established startups to raise larger growth rounds online through Regulation A+ and Knightscope is now the first to surpass $10 million raised.
"Through the Reg A+ 'mini-IPO' process we have been able to fundraise, connect with potential clients, recruit and build the brand - all at the same time. And now, we have 3,000+ backers all across the country rooting for us, opening doors and generally being extremely supportive as we rollout out our autonomous security robots nationwide," said William Santana Li, chairman and chief executive officer, Knightscope, Inc.
Knightscope joins other well-known startups such as Virtuix and DSTLD which have tapped Regulation A+ to raise capital online. SeedInvest expects more companies to follow suit and leverage Regulation A+ to raise Series A and B rounds given the clear potential illustrated by startups such as Knightscope. SeedInvest also points out that companies are beginning to recognize that raising capital through equity crowdfunding provides advantages over raising capital more traditionally.
"In addition to utilizing online fundraising to raise capital more efficiently, companies are realizing a number of additional gains from equity crowdfunding," said Ryan Feit, CEO and Co-Founder of SeedInvest. "Our data suggests that by building an army of loyal investors, companies will benefit from those same investors spending 50% more and referring twice as many customers."
SeedInvest is a leading equity crowdfunding platform that provides individual investors with access to pre-vetted startup investment opportunities. SeedInvest has funded over 200 startups and boasts a rapidly growing network of over 180,000 investors. SeedInvest has had over 15,000 startups apply to raise capital since inception and has only accepted 1% of those companies to feature on the platform. For more information about SeedInvest, visit www.seedinvest.com.
About Knightscope, Inc.
Knightscope, Inc. is an advanced security technology company that utilizes Software + Hardware + Humans to provide its clients with new groundbreaking anomaly detection capabilities. In an increasingly volatile world, we are developing one of the most important technologies to come out of Silicon Valley that will empower the public and private sectors to proactively build stronger, safer communities, ultimately saving money and lives. Crime has a $1 trillion negative economic impact on the U.S. every single year and our long-term mission is to cut it in half. Learn more at www.knightscope.com
An offering statement regarding this offering has been filed with the SEC. The SEC has qualified that offering statement, which only means that Knightscope may make sales of the securities described by that offering statement. It does not mean that the SEC has approved, passed upon the merits or passed upon the accuracy or completeness of the information in the offering statement. You may obtain a copy of the offering circular that is part of that offering statement here: www.seedinvest.com/knightscope/series.m.
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