Crowdfunder Gets $400K For Crowdfunding Site

Los Angeles-based Crowdfunder, an online crowd funding site headed by Chance Barnett, has raised $400,000 in seed funding, according to reports today. The firm offers up an online web site where companies get solicit funding for their startups, providing a pitch, supporting documents, and other information on their firms, and people can follow companies they might be interested in funding. According to TechCrunch, the firm is currently limiting users to accredited investors, until the JOBS act takes place. Crowdfunder competes against newly launched Fundable, a similar crowd-funding site launched this week by repeat entrepeneur Wil Schroter, and is similar to sites such as FundaGeek, the crowdfunding site for technical projects, not to mention, the crowdfunding site and software provider run by Alon Goren. More information »