StearClear Hits Fundraising Goal In 5 Days On SeedInvest Crowdfunding Platform

Posted Mar 9, 2013

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.