Fundable Acquires LaunchRock, a Powell, Ohio-based business crowdfunding platform, acquired, a tool used by early stage startup companies and entrepreneurs preparing to launch their businesses.

The amount of the transaction, made of cash and stock, was not disclosed.

The deal includes the purchase of all of LaunchRock assets, as well as the addition of 42 prominent venture capital and angel investors including 500 Startups, Trinity Ventures, Venture51, and Quotidian Ventures.
LaunchRock’s current employees will join the Fundable team.

With the acquisition, Fundable will offer crowdfunding opportunities to 10 million users, including 500,000 startup companies, with 15,000 new company registrations each month.



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