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Crowdfunder, WestPark Capital Announce Strategic Alliance

Date: Apr 25, 2013 @ 07:11 AM
Filed Under: Industry News

Crowdfunder, Inc. and WestPark Capital, Inc. are announcing a strategic alliance to help mobilize capital for small and medium businesses. Crowdfunder is an online business social network with approximately 19,000 users and a crowdfunding platform for fundraising.

Through joint efforts, the companies will build on Crowdfunder's platform to further develop business fundraising opportunities, including those arising from Title II and III of the JOBS Act of 2012. The strategic alliance will allow companies that have traditionally been unable to benefit from the services of investment banks, due to the high costs associated with strictly offline financial advisory services and underwriting, to access needed capital. Underlying the effort, a combination of emerging online processes and traditional regulatory body-mandated compliance will be utilized by Crowdfunder and WestPark to make investor protection a top priority.

The companies also envision expanding on their individual international efforts. WestPark has a long history of doing transactions with companies outside the US, and Crowdfunder already has a presence in Mexico.

As capital begins to shift from Wall Street to Main Street, Crowdfunder and WestPark aim to create a new early stage funding market for small and medium businesses, with goals of encouraging entrepreneurship, job-creation, and broader access to wealth-creation. Over 2,500 companies have already signed up on the Crowdfunder business social network, and some have already used its business contribution crowdfunding platform to raise funding.

Crowdfunder, Inc. is a social network and business crowdfunding platform for entrepreneurs and investors to connect, crowdfund and grow. The company puts growth and fundraising tools in the hands of business owners and investors at all stages in the life cycle of a business. Based in Los Angeles, Crowdfunder is engaged in government and SEC & FINRA regulatory activity at the highest levels.

WestPark Capital, Inc. is a full-service investment bank focused on emerging growth sectors such as healthcare, software, technology, biotechnology, financial services, manufacturing, consumer products, media and telecom industries, among other categories.  WestPark provides a comprehensive range of corporate finance services, including initial public offerings, follow-on offerings, private placements, SIPOs, and corporate finance advisory services.

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