Malartu Funds, the Raleigh-based startup creating unique funds that helps other startups track performance data and use it to access capital, is raising three new Index Funds, CEO Jon Spinney tells WRAL Techwire.
One is in North Carolina, the other two are in San Jose, CA, and Boston.
Spinney said Malartu, which is a new twist on the crowdfunding idea, has invested $500,000 so far in 13 North Carolina deals. The new funds closing soon “should double that number,” he added. “We’re halfway subscribed.”
The Malartu model gives investors and startups better data for making decisions. The firm will be spreading its message at additional tech conferences and to accelerators and incubators in coming months.
Malartu was among the presenting firms at the CED Tech Venture conference, which concluded Wednesday.
A profile of Malartu was published by WTW this week.