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Anyone can be an investor.
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The Daily Brief

Tuesday, August 02, 2016

Now anyone can be an investor:  In a first for the new regulation issued by the SEC under Title III of the JOBS Act, a private company has raised the maximum allowed $1 million per year from both accredited and unaccredited investors. Beta Bionics, a wearable device that manages the blood sugar of diabetic patients, used the crowdfunding platform Wefunder to raise the funds from both traditional accredited investors and non-accredited regular people, who can now, if they have the stomach for it, invest in startups.

TODAY'S FEATURED STORY

Med-Tech Startup Florence Healthcare Closes $1.7M Seed Round

BY: STAFF WRITER - AUGUST 2, 2016

CREDIT: FLORENCEHC.COM

Florence Healthcare, a workflow automation software for clinical trial sites, announced today that it has raised $1.7 million in seed funding. Participating in the round were leading venture firms Bee Partners, Bessemer Venture Partners, and Dartmouth’s Green D Angel Fund. Will Crawford, VP of engineering at Fitbit, is also an investor. Read more →

TODAY'S TOP STORY

Med-Tech Startup Beta Bionics First to Raise $1M “CrowdFunding” Round

BY: STAFF WRITER - AUGUST 2, 2016

CREDIT: WEFUNDER.COM

Beta Bionics, a wearable device that automatically manages the blood sugar of diabetic patients, became the first startup to raise $1 million under SEC's new crowdfunding rule. The company raised the money using Wefunder, a crowdfunding platform that connects investors with startups. Read more →

ALSO IN THE NEWS

VR Company Matterport Introduces Google Cardboard Integration

BY: RAN XU - AUGUST 2, 2016

CREDIT: FLICKR

Immersive media technology company Matterport announced today that it has launched a new app for Google Cardboard that allows users to view Matterport-rendered spaces using Google’s VR device. Read more →
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