CrowdBouncer, Inc., a Buffalo, NY-based provider of a Platform-as-a-service (PaaS) offering compliance controls and back-end transactional services for equity crowdfunding portals, raised a $437.5k Series A financing.
Backers included Rand Capital Corporation (NASDAQ: RAND), and SCP Buffalo Incubator Innovate NY Fund LP.
The company intends to use the funds to hire a management team and develop its initial technology platform.
Founded in 2012 by CEO Robert Carbone and Keith Blakely, CrowdBouncer provides securities intermediaries with software to implement the Jumpstart Our Business Startups Act (“JOBS Act”) compliance controls and services in support of private equity transactions conducted under new Rule 506(c) of Regulation D and the forthcoming Crowdfunding Exemption.
The solution also provides individual investors with the opportunity to manage their accredited investor verification procedure.
FinSMEs
05/02/2014