Platform

New Investment Platform Shekra Supports Startups in Egypt

Investment Platform Shekra

New joint investment concept “Shekra” is drawn from the Arabic phrase “sherik fekra” in Arabic, which means “share an idea.” The platform was launched in Cairo last November by seven founders who come from backgrounds in technology, aviation, investment and banking, who have pooled their resources to support Egyptian startups. The platform works by asking its network of investors to offer small amounts of capital in order to fund a startup or a specific project, thus mitigating investment risk. Unlike other crowdfunding platforms like Yomken in Egypt, or crowdsourced investment platforms like Zoomaal, which ask the public to fund projects, Shekra relies on a closed network…

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Vancouver Startup Weeve Acquired by LX Ventures

Nerf Warriors

What-do-you-get when you cross a surge in crowdsourced investment funding with a software package focused on raising funds for non-profits? A prime investment opportunity, apparently. Today, Vancouver’s LX Ventures announced its acquisition of Vancouver startup Weeve Ventures Inc. for an undisclosed sum. According to LX Ventures’ COO Ray Walia (and Launch Academy Executive Director and Co-Founder), “Weeve’s crowdfunding technology is a natural fit for our FinTech market vertical. Together, we will internally innovate and deliver revolutionary funding solutions across multiple market sectors.” Since its launch in July 2012 as a tool for non-profits to raise funds via socially connected, tech savvy investors, Weeve proved itself as…

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Seedinvest Launches Equity-Based Crowdfunding Platform

seedinvest

Seed Invest, an equity-based, crowd funding platform, has launched its platform that connects accredited investors to high-quality start-ups and small businesses seeking funding. Seediness’s mission is to help both entrepreneurs and investors to leverage the disruptive power of the internet to make it easier for companies to raise capital. The company provides accredited, angel investors access to high-quality, curated opportunities in a myriad of industries across the entire country. SeedInvest was founded by professional investors Ryan Feit and James Han. Both worked with The Startup Exemption, the group responsible for bringing the concept of investment crowdfunding to Washington DC and worked with them to get the…

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Press Release