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.”