NetCapital Portfolio Company Update

NetCapital was pre-revenue when Vestigo Ventures Fund 1, L.P. invested in the company’s convertible note. Soon after, NetCapital successfully completed the beta release of their equity crowd funding portal and in January 2017 they achieved the commercial launch of their platform. 

NetCapital was pre-revenue when Vestigo Ventures Fund 1, L.P. invested in the company’s convertible note. Soon after, NetCapital successfully completed the beta release of their equity crowd funding portal and in January 2017 they achieved the commercial launch of their platform. During their first quarter of commercial operation (Q1 2017) they successfully completed multiple campaigns, including Court Innovations that maxed out their fundraising at $500K. The strong momentum continued right through Q2 2017, as NetCapital transacted new investments that represented a 63% increase of Q1 2017.

In May, NetCapital was named the official Equity Crowdfunding Portal of TechCrunch Disrupt. In June, they hired Jim Borderwick to top-grade the company’s business development and operations efforts. Jim previously served as Chief Legal Officer at MFS and Columbia Funds, and he was the Chief Compliance Officer at Bank of America. 

Jason Frishman, CEO of Netcapital, was also recently on Mad Money with Jim Cramer. 

Mike Nugent
Managing Director