Fintech Netcapital announced it has raised a new round of financing from Techstars Ventures.
Netcapital seeks to makes startup fundraising easier by guiding founders through the process, handling most of the paperwork and coaching them to become better fundraisers. The platform brings together a startup’s customers, vendors, employees, friends, family, local community, followers and fans to close funding. As part of preparing an offering, Netcapital will help startups gather their financials, business plan, risks, team information, video, investor pitch materials, cap table, and other key information about their business. The company charges a 4.9% success fee on the total amount collected for a fundraising offering.
The company revealed that Netcapital and Techstars will begin with a few select Techstars portfolio companies and accelerator programs, with the ultimate goal of expanding to include the entire group.