CrowdBouncer raised $437,500 in funding for crowdfunding software

CrowdBouncerDavid Robinson | February 10, 2014 | Buffalo News – CrowdBouncer Inc., a Buffalo start-up that provides software to help crowdfunding websites deal with new federal regulations, has raised $437,500 in funding from Rand Capital Corp. and a state-backed investment fund.

CrowdBouncer was the brainchild of chief executive Robert Carbone, who founded the company two years ago after examining the regulatory issues that private equity fundraising would face under the federal JOBS Act. Keith Blakely, the chief executive of the InVentures Group, provided start-up capital and serves on CrowdBouncer’s board of directors.

Carbone said CrowdBouncer’s software can help investors and companies manage the increased regulatory and compliance standards under the changing federal rules. The company’s services also target the fast-growing crowdfunding market.

“There is a tectonic shift in how capital is being raised,” he said.

The company’s fundraising included a $270,000 investment from Rand, a Buffalo-based venture capital firm, said Daniel Penberthy, the venture capital firm’s executive vice president. The remaining $167,000 in funding came from the SCP Buffalo Incubator Innovate NY Fund, which is one of seven investment funds across the state that participate in the $45 million Innovate NY fund that aims to promote innovation and entrepreneurship.

CrowdBouncer is part of the Z80 Labs business incubator in downtown Buffalo.

email: drobinson@buffnews.com

read more: http://www.buffalonews.com/business/crowdbouncer-a-buffalo-based-start-up-gets-funding-20140210

HEADLINE NEWS

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news [...]

NPRAfter Outcry, Crowdfunding Site Patreon Backs Off Plan To Raise ...NPRThe popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans. Last week, the site announced it woul [...]

TechCrunchHow hate speech crowdfunding outfit Hatreon crept back online ...TechCrunchIf you want to make a living creating white supremacist content, you're probably not going to do it via sites like Kickstarter and Patreon, which prohibit hate speech. Fortunately there's Ha [...]

EntrepreneurWhy Some Small Business Owners Are Turning to Crowdfunding to Save Their CompanyEntrepreneurMany owners of beloved local businesses, especially in pricier cities, have been forced to swallow their pride and appeal to their customers in times of crisis -- a process streamli [...]

CoinDeskKickstarter ICO? Don't Count On It Says Crowdfunding Leader ...CoinDeskThe company most widely associated with crowdfunding, Brooklyn-based Kickstarter, has no plans to get into the initial coin offering (ICO) business. Coming in response to the news yesterday that compet [...]

ForbesCrowdfunding Do's And Dont's From iFundWomen's Karen CahnForbesDuring our conversation, she was transparent in sharing that her first software company, VProud, failed because she “did everything backwards” and spent too much time trying to perfect the product. “Pe [...]

CryptoCoinsNewsCrowdfunding Giant Indiegogo Looks to Make ICOs MainstreamCryptoCoinsNewsCrowdfunding platform Indiegogo has a plan to help initial coin offerings (ICOs) break into the mainstream, even as the U.S. Securities and Exchange Commission (SEC) is ramping up its oversight of [...]

WRAL Tech WireBack story: How, why investor Mark Easley brought crowdfunding platform Localstake to NCWRAL Tech WireRESEARCH TRIANGLE PARK – Earlier this week, WRAL TechWire broke the news that Triangle investor and crowdfunding advocate Mark Easley was bringing Localstake, a crowdfun [...]

Crowdfunding via Customers: Is This The New Startup Capital?Customer ThinkWith more and more companies in a variety of sectors developing new crowdfunding campaigns, it makes sense to ask whether crowdfunding is likely to replace startup capital in the near future. Crowdfunding is qui [...]

TechCrunchFormer Gawker employees are crowdfunding an effort to buy Gawker.comTechCrunchWhile Univision acquired most of Gawker Media's sites last year (and renamed them as the Gizmodo Media Group), the deal didn't include Gawker itself. In fact, BuzzFeed reported last month [...]

CFB Finance

Marketwired

  • Crowdfunding
  • Crowdfund
  • Peer to Peer Lending
  • FinTech
  • Reg A+
  • Reg CF
  • Crowdfunding USA

Press Release

Live Crowdfunding .tv

What's Next Step in Regulation A+ JOBS ACTS Title IIII :L Interview : Steve Cinelli with Brian Korn Securities and Crowdfunding/Peer-to-Peer Lending Lawyer, Watch more video library | Conference | Interview | Campaign Showcase | Research | Education |