Social marketplace app, SellShed, has hit its equity crowdfunding goal.
The campaign kicked off on PledgeMe on March 9 and has seen over $381,000 pledged with two days left to run.
SellShed CEO, Peter Howell, says the team is thrilled to have attracted a crowd of investors who want to be involved in the start up’s expansion.
“It’s a rare opportunity to get involved at this early stage, and one that Kiwis have obviously seen the benefits of,” said Howell.
“We are now on track to start expanding the company and demonstrating the innovative ways this technology can be used.”
Investors include a San Francisco Tech company that assists Kiwi start ups to break into the US market, and local Tauranga business owners. Since listing the opportunity on PledgeMe, the Mount Maunganui-based company has also been chosen to pilot a database application of SellShed with one of the country’s leading retail chains.
SellShed is based on a geo-advertising business model and has amassed 13,000 users sign up since it launched last October.