Achievement Marks Historic Moment In U.S. Crowdfunding And Small Business Financing Industries
Press Release – HOUSTON, TX – Austin -based hostel, The Native, raised $396,500 in just eight weeks from 227 investors. The team raised the funds on NextSeed (www.nextseed.co), a new investment platform that allows the community to invest directly in local businesses.
This type of fundraising was previously reserved for accredited (wealthy and high earning) investors only. Under new, revolutionary investment regulations (Title III of the JOBS Act), everyone can now begin investing in small businesses through registered platforms. Small business investing has now crossed a historic threshold, as The Native’s raise on NextSeed marks the first offering to successfully fund under the new rules.
“The community responded in a tremendous way. The Native raised over 144% of their goal, and we’re thrilled to be part of their journey,” said NextSeed CEO Youngro Lee. “This is a huge moment. The ability fo…