CoFoundersLab, the online matchmaking network that scientifically builds startup teams, is merging with investor crowdfunding portal RockThePost to create a one-stop shop for investors called OneVest.
The platform will connect early stage startups with accredited investors, and it will have a diversified network of over 35,000 startup founders and over 15,000 investors.
“Whenever we asked our community over the last few years what else they needed help with, the most common response was access to capital. We recognized that in order to truly accelerate innovation we must help democratize access to capital and bring it within reach of talented founders everywhere, not only in startup hubs like San Francisco & NYC,” said Shahab Kaviani, CEO of CoFoundersLab and CMO of OneVest, in a blog post announcing the merger.
OneVest captures companies at the formation stage, capturing the best deal flow before the transactional stage, and reduces investment risks arising from founder issues, since members are scientifically matched to create startup teams. As the investor pool grows, Onevest will make it easier to connect with qualified startups.
The upcoming implementation of Title III of the JOBS Act means over 250 million American investors will have access to equity crowdfunding platforms, as opposed to the 8 million using them today.
“Equity crowdfunding is the most exciting and perhaps most significant development in recent history taking place in the capital markets,” said Alejandro Cremades, Founder of RockThePost and CEO of Onevest, in an interview to Forbes. “However, for equity crowdfunding to really take off and approximate its full potential, it needs to be truly accessible to everyone, and more built around the reality of startup investing compared to initially circulated regulatory standards.”
Onevest’s combined value was not disclosed. Investors from RockThePost and CoFoundersLab will join Onevest as shareholders. The company will have offices in New York, Washington, D.C., and San Francisco.