St. Louis area business leaders gathered this week with the St. Louis County Executive Steve Stenger and representatives of the St. Louis Economic Development Partnership to announce the launch of Nvsted (pronounced “N-vested”), a St. Louis-centric crowdfunding marketplace.
The crowdfunding marketplace received federal Financial Industry Regulatory Authority (FINRA) approval and is now open for St. Louis-based businesses. The platform is expected to bolster economic activity in the St. Louis areas by connecting startups and with like-minded investors drawn from across the US.
“The St. Louis business ecosystem continues to be exceptional for startups and business expansion,” said Jamey Edgerton, CEO of Nvsted in the released press statement. “Nvsted is innovation that will strengthen St. Louis region’s business environment – it’s innovative, unique and supports our business community.”
Nvsted’s launch brings some unique achievements, being the first in the nation organized by an economic development agency and also the only regulation crowdfunding marketplace specific to the St. Louis region. The small investor now has the opportunity to be included in business opportunities previously limited to high net worth individuals. They can invest through the platform for as little at $100.
St. Louis County Executive Steve Stenger commenting on the benefits of the Nvsted marketplace, stating, “The timing is certainly right for introduction of this innovative tech tool for funding startups. Nvsted will contribute to the economic momentum underway in St. Louis County since 2015, a boom marked by more than $5 billion in corporate expansions and capital improvements, the creation of 5,700 jobs and the retention of over 30,000 more.”
The first listing in the marketplace is startup Well Being Brewing Company that is seeking $125,000 to $200,000 to brew non-alcoholic beer.
