Deal upsized to $1.7 million from Montage Ventures, Kapor Capital, DRW Trading Group among others.
CHICAGO, Jan. 29, 2015 /PRNewswire/ — Bolstr, a marketplace where emerging consumer, retail and manufacturing businesses can access growth capital from accredited investors, has raised $1.65 million in series seed funding, an amount that was recently upsized from the original $1.5 million target. Backers include Montage Ventures, Kapor Capital, DRW Trading Group, Merrick Ventures, and Wilson, Sonsini, Goodrich & Rosati.
Led by former investment bankers, Charlie Tribbett and Larry Baker, Bolstr aims to help emerging small businesses access capital from a pool of accredited investors utilizing an innovative revenue share structure. Through the platform, business owners are able to quickly raise capital to fuel growth while maintaining 100% equity ownership. Each monthly payment back to investors is sized by a set percentage of gross sales, providing investors with liquidity early and often. …