Smbx Revolutionizes Small Business Financing And Retail Investing With Innovative Small Business Bond Marketplace, Raises $11.5M To Fund Its Growth
Smbx Revolutionizes Small Business Financing And Retail Investing With Innovative Small Business Bond Marketplace, Raises $11.5M To Fund Its Growth
10/20/21, 12:00 PM
Location
san franciscoMoney raised
$11.5 million
SMBX, the financial marketplace helping small businesses raise capital from retail investors in their communities, today announced the close of an $11.5 million seed funding round. The round was led by Dovi Frances’s Group 11, with participation from existing investors Better Ventures, Impact America Fund (IAF), Unpopular Ventures, Berkeley SkyDeck, and former Vanguard executives Paul Heller and Jim Norris.
Company Info
Location
san francisco, california, united states
Additional Info
SMBX is a small business capital marketplace for issuing and buying Small Business Bonds. With it, small businesses can issue Bonds directly to their customers and community. Those who invest in the small businesses listed on the SMBX can earn up to 10% annual interest, and the businesses, in turn, can obtain the capital they need at an interest rate that ranges between 5 and 10%. The Small Business Bond marketplace is a new financial model that keeps community ties strong, supports small businesses, and rewards everyday investors with reliable returns from the companies they love*. LinkedIn | Twitter | Instagram | Facebook | Website