Raleigh-based Malartu Inc. has raised $30,000 of a $300,000 debt offering on the heels of helping nine technology startups raise $185,000 via its online Malartu Funds crowdfunding platform. The company disclosed the offering in a filing with the U.S. Securities and Exchange Commission.
The money Malartu raised for the startups goes to the graduates of the Charlotte-based QC Fintech accelerator, which focuses on financial services. The companies are Phyrefly, Traderion, Verifreight, Collegester, Cathedral Leasing, Beltowr, FlyInStyle, Vulletin and Dyme and will each receive equal amounts of the $185,000.
Malartu gets 10 percent of any profits investors may make if a company exits via IPO or acquisition, and also charges administrative fees to cover expenses.
The Malartu fund is possible because of a federal JOBS Act provision that lets startups solicit funds from accredited investors online. The part of the Act permitting non-accredited investors to put money in startups online is not active yet.
So far, Malartu has raised debt financing from three investors, according to the regulatory filing.
Here’s the filing: http://www.sec.gov/Archives/edgar/data/1619099/000161909915000001/xslFormDX01/primary_doc.xml
On the web: https://malartufunds.us
https://wraltechwire.com/raliegh-crowdfunding-firm-helps-9-startups-raise-185k/14965709/
