Crowdnetic Closes $1.6 Million in Seed Funding
Strengthens its Advisory Board with Key Additions
New York, NY (PRUnderground) February 25th, 2014
Crowdnetic, leading provider of market data solutions in the global crowdfinance industry, announced the closing of a $1.6 million seed round to finance the expansion of its real-time, global data and technology infrastructure, serving as the backbone for the crowdfunded securities and peer-lending industries. Participants include Seraph, a consortium of international angel investors, and veteran private investors from top tier financial services firms.
“We’re thrilled to have such a strong pedigree of investors who not only believe in our technology, but who also support our vision in democratizing the investing landscape by providing transparency to nascent asset classes such as peer-to-peer and peer-to-business lending, PIPRs (“Private Issuers Publicly Raising” via the 506(c) exemption) and ICOs (“Intrastate Crowfinanced Offerings”),” said Luan Cox, Crowdnetic’s CEO.
Since launching its real-time private company content offering in October with flagship partner Dow Jones’ MarketWatch, Crowdnetic has emerged as a formidable contender in the financial data space. Additionally, the company’s game-changing tools and data solutions on CrowdWatch.co provide the investing public, as well as financial professionals, with key analysis and statistics on the 2,000+ issuers currently offering securities under the recently enacted 506(c) exemption.
Crowdnetic is also pleased to welcome Emily Susskind and Gregory Smith to its advisory board.
Ms. Susskind is a technology expert focused on implementation and strategy across the financial services industries and has held senior positions at Prudential Financial, Sony Corporation, Dow Jones (Telerate) and Salomon Brothers.
Mr. Smith is the Chairman and CEO of WIFI Metropolis and was the founder and CEO of Cicada Corporation (acquired by Chi-X Global) and Indepth Data (acquired by Dow Jones).
Ms. Cox continued, "We are thrilled to have such high-caliber professionals as Emily and Greg join our advisory board. Their breadth of experience with renowned financial institutions coupled with their technology expertise will be invaluable to Crowdnetic as we continue to grow our business and help our industry."
Crowdnetic is a leading provider of technology and market data solutions to the crowdfunded securities and peer lending industry. We operate the industry’s premier centralized hub for real-time market data aggregated from platforms across the globe. Founded in 2011 by experienced financial technology and data industry experts, Crowdnetic is committed to creating a productive and sustainable marketplace for the global crowdfinance industry. Bringing over 15 years of experience in building complex, data intensive customized solutions, the leadership team has been instrumental in revolutionizing the industry through developing market data and analytics solutions. Crowdnetic owns and operates NowStreetWire.com as well as CrowdWatch.co and is a co-producer of LendIt, the largest and most recognized conference in the P2P and online lending industry.