Onevest Raises Nearly $2M for Self-Crowdfunding Its Series A

July 28, 2015

9:00 am

Onevest – the company whose online equity crowdfunding platform connects early-stage startups to accredited investors – has announced this morning that it has raised nearly $2 million towards its Series A round. While seemingly another typical funding announcement, Onevest’s Series A is unique in that it’s managed to raise a surprisingly large amount in a short period of time, and all through a self-crowdfunded campaign.

Last month, Onevest made the surprising announcement that it would be utilizing its own platform to self-crowdfund its Series A. This 506c offering was launched as a way to celebrate the implementation of Title IV of the JOBS Act. Through Invest.Onevest.com, Onevest has managed to raise an amount that would normally take a startup of its size somewhere between four to eight months to accomplish – and, with four days left in their campaign, the company still has time to make it beyond its $2 million goal.

“Today we have put a dent in the universe by changing the game of fundraising online,” said Onevest cofounder and executive chairman Alejandro Cremades in a statement. “We are lucky and honored to be part of an industry that is revolutionizing what has been an old and outdated model that clearly needed a healthy disruption.”

According to Onevest, the company is already putting some of this financing to work. Today, it also announced its hire of Barry Shereck as Onevest’s new CFO. Shereck has had more than 30 years of experience in financial management with early-stage companies, and most recently served as the Director for Vision2Venture Inc. Onevest has also hired Erica Duignan as its Head of Deal Flow. Duignan joins the company from Dreamit Ventures, where she she served as a managing director.

Onevest’s Series A campaign will close in a few days. To participate, visit Invest.Onevest.com. You can read more about Onevest’s self-crowdfunding campaign in our previous coverage.

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Ronald Barba was the previous managing editor of Tech.Co. His primary story interests include industry trends, consumer-facing apps/products, the startup lifestyle, business ethics, diversity in tech, and what-is-this-bullsh*t things.

Aside from writing about startups and entrepreneurship, Ronald is interested in ‘Doctor Who’, Murakami, ‘The Mindy Project’, and fried chicken. He is currently based in New York because he mistakenly studied philosophy in college and is now a “writer”. Tweet @RonaldPBarba.

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