Kiwi tech firm hits $250K crowdfunding target

“It’s a rare opportunity to get involved at this early stage, and one that Kiwis have obviously seen the benefits of."

Kiwi social marketplace app SellShed have hit their funding target of $250,000 in just four weeks via equity crowdfunding platform PledgeMe.

Investment opportunities in SellShed, a free mobile app which matches buyers and sellers in their local communities for online trading, went live on Monday 9 March.

SellShed CEO Peter Howell says the team is thrilled to have attracted a large number of investors who wanted to be involved in the start-up company’s expansion.

“It’s a rare opportunity to get involved at this early stage, and one that Kiwis have obviously seen the benefits of,” Howell says.

"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, which is based on a geo-advertising business model, has seen more than 13,000 users sign up since it launched last October.

Opportunities to invest close on 9 April, 2015.

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