SeedInvest is an equity crowd funding platform company that launched last month. The company has already hit their first success story which is called StearClear. StearClear is an app-based designated driver service that has raised $140,000 in just 5 days of being on SeedInvest.
StearClear structured their capital raise in the form of a convertible note. The company was originally looking to raise $100,000 in 60 days, but they have quickly surpassed their goals. Investments ranged from as little as $1,000 to $25,000. The company plans on using the funds for continued software enhancements and to expand their services.
?We were at a crossroads? our company was taking off and we had to balance running our company with finding new accredited investors for our bridge round,? stated StearClear CEO and co-founder Craig Sher. ?SeedInvest quickly found us the new investors we needed to put us over our goal, allowing us to get back to building our business. This will be a game changer for start-ups.?
StearClear is a technology company that is dedicated to provide “last mile” services to consumers and businesses using smartphone apps and GPS technology. The app gives customers one-touch access to local driver teams that pick them up and get them home safely. StearClear franchise opportunities are currently available in North America, EMEA, South Africa, and Australia.