AmBIZ Angels Seeks $7.5M Seed Round of Financing to Launch its Startup Loan Club

Santa Monica, United States – July 6, 2017 /PressCable/ —

SANTA MONICA, CA (July 06, 2017) – California-based fintech and social finance company, American Business Angels, Inc. AmBIZ Angels is seeking to secure institutional investors to complement their angel syndicate as they launch the second component of their $7.5M seed round of financing.

Their use of proceeds is to launch the Startup Bridge Loan Club (SBLC) as an online marketplace lending platform that will provide $25K – $250K equity bridge loans to a diverse cross-section of startup founders from the top venture accelerators in New York, Boston, Silicon Valley and Silicon Beach.

AmBIZ Angels CEO and Co-founder, Joe Rogers said, “We are so excited to have created a startup capital markets eco-system that finally allows AmBIZ Angels to safely issue equity bridge loans to a broad cross-section of America’s early-stage ventures and their founding teams.”

Currently, lenders do not provide bridge loans to early stage ventures or startups. What’s more is that CB Insights reports that thousands of companies that have received seed round financing since 2013 will remain ‘orphaned’ and fail to receive follow-on financing.

If the $7.5M target is achieved, SBLC will become the first subscriber-funded online marketplace that will offer targeted equity bridge loans to the best-of-the-best startups exiting the leading venture accelerators. Rogers explained that once funded SBLC will immediately democratize access to capital for the best accelerated startup founders.

The initial seed round A sought $2.5M of preferred seed equity funding and is being extended beyond June 30, 2017. Seed Round B is being launched now and is scheduled to remain open until September 30, 2017. This round is seeking $5M in convertible notes from corporate VCs and hedge funds and is open to 3-6 institutional investors for a 3-year term with 2% interest. These investing institutions will also get an exclusive data service with analytics on the top start-ups from leading accelerators with future equity rights to invest directly in all SBLC ventures via a very confidential and secure process.

For further details, please visit: https://www.ambizangels.com or call (310-729-6596). ###

Media Contact: Candy Nicole

Telephone: (323) 239-7527

Email: info@ambizangels.com; productivecandy@gmail.com

Startup Bridge Loan Club “SBLC”: This lead product/solution of AmBIZ Angels is a marketplace lending, investing and banking platform that seeks to create an active, dynamic bridge loan market for startups that adds new liquidity, extends the funding runway of early-stage ventures, and significantly increases the value of all startup equity portfolios by connecting the world’s leading venture accelerators with institutional investors who subscribe to the SBLC seeking access to more startup deal-flow.

American Business Angels, Inc. or AmBIZ Angels is a social finance venture that brings together corporate VC’s, hedge funds and other institutional investors who want to use their balance sheets to help create a more efficient startup capital market ecosystem. Ambiz Angels does this by (1) co-creating tech-enabled financial solutions that provide more venture liquidity and help get institutional funding to more startups at earlier stages, and (2) by planting accelerators and innovation centers in historically overlooked communities to help integrate them into broader, more developed startup ecosystems.

Contact Info:
Name: Candy Nicole
Email: productivecandy@gmail.com
Organization: AmBiz Angels
Address: 1541 Ocean Avenue, Suite 200, Santa Monica, California 90401, United States
Phone: +1-323-239-7527

For more information, please visit https://ambiz.biz

Source: PressCable

Release ID: 215030

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