New York's CrowdWatch aggregates all crowdfunding deals in one place
CrowdWatch wants to make crowdfund investing an easier place to navigate. Instead of going through crowdfunding platforms separately to search for deals, subscribers can now view them in just one place, according to VentureBeat.
For a monthly fee of $129, CrowdWatch will allow users to browse through thousands of crowdfund deals posted on equity and debt-based platforms such as AngelList and Crowdfunder, the report explained.
Unlike Kickstarter and Indiegogo where backers are given rewards, CrowdWatch provides real investment opportunities for individuals. This aggregator takes advantage of the JOBS Act, which allowed companies to raise funding through general solicitation. Those subscribed to CrowdWatch can use the platform to look for deals based on categories such as industry, equity, location, and minimum investment, the report detailed.
CrowdWatch is operated by New York-based crowdfunding data solutions startup Crowdnetic. The latter just announced a $1.6 million seed round from the Seraph Group and other private investors, the report stated.
Crowdnetic Chief Executive Officer (CEO) Luan Cox told VentureBeat: "The reason why this deal is so significant is that it illustrates the strong interest from the investment community in funding the infrastructure to support rising crowdfinance asset classes such as peer-to-peer lending and securities-based crowdfunding."