Spacefy closes $300,000 seed round using InvestX

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Betakit | | Sep 17, 2015

Spacefy

A few weeks ago, BetaKit reported that Spacefy would be the first Toronto early-stage startup to use Waverley’s platform, which, powered by InvestX, allows companies to fill financing rounds using its database of retail accredited investors. The company was seeking to fill $250,000 of its seed financing round.

Spacefy has announced it was able to reach 100 percent of its funding goal in just five days, and, at the request of InvestX, kept the offer open, offering another $50K in equity. That amount was filled in another 48 hours, with Spacefy closing at an oversubscribed offering of $300,000.

See CEO/Founder of InvestX speak on Sep 29th at VanFUNDING 2015 (downtown Vancouver)

“Raising capital through our online platform to invest in an early stage company like Spacefy is a new and still relatively unproven model in Canada,” said InvestX CEO Marcus New. “The significant interest Spacefy enjoyed was indicative of the major appetite in the market for private investment in disruptive technology which is backed by a strong business model and growth strategy.”

Spacefy service is targeted to creative people, and works by connecting them to spaces to fulfill their projects, productions, and classes.

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The National Crowdfunding Association of Canada (NCFA Canada) is a cross-Canada non-profit actively engaged with both social and investment crowdfunding stakeholders across the country.  NCFA Canada provides education, research, leadership, support and networking opportunities to over 1100+ members and works closely with industry, government, academia, community and eco-system partners and affiliates to create a strong and vibrant crowdfunding industry in Canada.  Learn more About Us or visit www.ncfacanada.org.

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