FirstBase, a NYC-based company dedicated to enable startup founders from abroad to incorporate in the USA, raised $150K in funding.
Earnest Capital made the investment via a Shared Earnings Agreement, which is a new investment model designed for founders who want to run a profitable business.
The company intends to use capital to grow the team and introduce a number of new features.
Founded by Mark Milastsivy, FirstBase is building a platform where startups from around the globe can incorporate a US entity, open a US bank account, and get their legal paperwork done. Additionally, customers also get access to exclusive benefits from companies such as Brex, Bench, and many others.
“It can be challenging for technology companies in certain countries to become successful on a global scale. Establishing a US company gives access to the best startup ecosystem in the world. I went through this myself as a founder, and I wanted to make it easier for other people,” Milastsivy says.
The company has already served customers from eighty countries.