Fundable Acquires LaunchRock To Bridge Crowdfuding And User Acquisition


Fundable

Fundable.com is a software as a service equity crowdfunding platform for companies that allows them to raise capital from investors, customers, and friends.

The company has announced that they have acquired LaunchRock to make it easier for entrepreneurs to build businesses by combining business ideas and business crowdfunding.

The acquisition will enable Fundable to offer crowdfunding opportunities to 500,000 startup companies, 10 million users, with 15,000 new company registrations every month.

Founder and CEO of Fundable, Wil Schroter says, “we’ve quietly helped businesses crowdfund over $87 million in commitments and we’re excited to bring crowdfunding to entrepreneurs in the early stages of creating a business.”

Companies on Fundable raises an average of $175,000, which is nearly 12 times the average amount raised on Kickstarter. Fundable is completely dedicated to helping entrepreneurs create and fund their businesses.

Projects that are successfully crowdfunded on Indiegogo or Kickstarter usually go to Fundable when to raise more capital when they are ready to create a business that is scaleable.

Current LaunchRock users will also benefit greatly from the acquisition. CEO Jameson Detweiler explains, “the most consistent request we’re getting from our startup companies is how to take the large followings they have created and turn that demand into a crowdfunding opportunity. The companies already have millions of followers who love their ideas. The next logical step is to turn them on to business crowdfunding, where Fundable is clearly the leader.”


Chris Atkins

Chris Atkins leads product development at PostalBit, is a writer, internet marketer, content coordinator, and startup founder. He has worked alongside serial entrepreneur and investor Jason Calacanis, and social media mogul Brendan Hampton. Chris previously managed social media and produced content for Launch.co, and curated content for Funny.gg (sold to Bitly). He has spent years covering the business, technology, health, and finance sectors among many others.

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