Austin, TX based crowdfunding platform MicroVentures has attained a total of over $1m in funding through the four initiatives currently featured on the website. This benchmark comes only two months after teaming up with Indiegogo to launch the joint equity portal last November.
Indiegogo launched the new equity portal with MicroVentures on November 15th, which was six months after the new equity crowdfunding regulations (Title III) went into effect. It now allows anyone (accredited and non-accredited investors) to invest in startups and growing companies. At the time of the portal’s debut, CEO of Indiegogo, David Mandelbrot, explained: “Our mission has always been to make it easier for individuals to raise money for projects they are passionate about and this is the latest way we’re helping entrepreneurs access the financing they need while also giving backers the chance to invest in new companies. Since Indiegogo first launched we’ve wanted to offer these sort of investments, and we’re very excited to be officially giving the millions of people who visit our platform every month the chance to get involved with equity crowdfunding opportunities.”