Raleigh crowdfunding startup Malartu Funds has drawn its own crowd: 23 investors who lined up to provide $128,000 in fresh capital.
Malartu disclosed the new funding in a securities filing.
In September, WRAL TechWire reported that Malartu was raising three new Index Funds, according to CEO Jon Spinney.
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.
Last year, Malartu helped nine technology startups graduated from the Charlotte-based QC Fintech accelerator raise $185,000 via its online platform.
The latest filing noting the 23 investors was made on Tuesday.