Netcapital Funding Portal Users Raise $1.07 Million for KMX Technologies
Maximum offering amount raised
BOSTON, August 30, 2022--(BUSINESS WIRE)--Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the "Company"), a digital private capital markets ecosystem, today announced the successful completion of a capital offering by KMX Technologies, an innovative creator of zero-waste solutions using proprietary technology spanning water, lithium, and critical minerals. KMX Technologies’ offering closed on August 5, 2022, selling 718,120 units at a unit price of $1.49 for a total of $1,069,999 in proceeds.
"We are pleased to announce the latest successful capital raise on our platform – another example of how we help fund innovation for exciting early-stage companies," said Jason Frishman, CEO of Netcapital Funding Portal Inc. "KMX raised the maximum amount for its offering through strong enthusiasm from our community of investors committed to making great companies thrive. We congratulate KMX for their success and look forward to their continuing business growth and development."
KMX Technologies is solving the most critical environmental and energy challenges of the 21st century. Through its proprietary membrane distillation technology, the company is accelerating energy storage with its direct lithium recovery enhancement processes, sustainably sourcing critical minerals necessary for next generation supply chains and infrastructure, and advancing wastewater treatment.
Zachary Sadow, CEO of KMX Technologies, commented, "The Netcapital platform simplified the fundraising process for us and delivered an outstanding outcome that met the maximum amount of our offering. It was a pleasure working with the team at Netcapital and I would recommend them to any early-stage deep technology company seeking growth capital for their business."
Netcapital.com is an SEC-registered funding portal that enables private companies to raise capital online, while investors are able to invest from almost anywhere in the world, at any time, with just a few clicks. Securities offerings on the portal are accessible through individual offering pages, where companies include product or service details, market size, competitive advantages, and financial documents. Companies can accept investment from virtually anyone, including friends, family, customers, and employees.
About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies with disruptive technologies. The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association.
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