Angelsoft.net updates search engine
Angelsoft.net updated its search engine to allow entrepreneurs to identify venture and angel investors that could fund their startups.
The enhancements allow entrepreneurs to sift through investors based on criteria such as the amount of money they invest, the terms of the investment, the industry in which they invest and the stage of investment in which they usually commit funds. That information could improve the chances of an entrepreneur’s attracting
venture capital or an angel investment, said Jason Schwartz, community manager at Angelsoft LLC of New York.
Also, entrepreneurs can evaluate the 450 investors on the site, based on their average response times, the number of applications they receive each month, the amount of their investments and other factors.
Since December, five technology specialists and four product team members have worked on the enhancement at a cost of $250,000, Mr. Schwartz said.
Since the third quarter, 188 companies procured funding by using the website, which claims more than 2,500 applications were filed each month. Over the past 12 months, 19, 603 deals have been submitted to Angelsoft.net, and 409 deals have received funding, Mr. Schwartz said.
Venture capitalists and angel investors pay a $5,000 minimum fee to use the system, though the site is free to not-for-profit angel investors and to entrepreneurs.
GlobalBroker unveils real estate matchmaker
GlobalBroker.com has launched a web-based marketplace for owners or buyers to sell or to lease commercial real estate.
Users can post and view for-sale-by-owner submissions and for-lease-by-owner offerings, and financial firms will find the list of bank-repossessed properties of particular interest, said R. Brian Watson, one of the founding partners of the site.
“In addition, we provide a forum for current and prospective property owners to connect directly with lenders, equity sources and property insurance companies, which reduce costs and time [frames] for owners by streamlining the process.”
Participants can receive marketing support, financial modeling as well as buyer and tenant databases from the Denver-based online firm.
It was developed over the past year, with as many as seven technology experts working to develop the site, which is free to users and does not require registration. GlobalBroker generates revenue when it sells a marketing plan, makes a referral to an insurance company or a lender, or when it sells advertising for the site.
