SMBX, a San Francisco, Calif. -based marketplace connecting small businesses with investors through small business bonds available via its app and website, raised $2.5m in seed funding.
The round was led by Better Ventures with participation from Impact America Fund (IAF), Unpopular Ventures and others.
The company intends to use the funds to expand operations and its business reach.
Founded in 2016 by Benjamin James Lozano, CEO, Bhavish Balhotra, CTO, Jackie Chan, COO, SMBX is a small business capital marketplace for issuing and buying small business bonds. With it, small businesses can issue bonds directly to their customers and community. Those who invest in the small businesses listed on the SMBX can earn a 4-9% return, and the businesses, in turn, can obtain the capital they need to grow.