Localstake operates online, locally focused marketplaces that connect businesses looking for capital to local investors and community partners. Localstake’s tools for investors and businesses makes the capital raising process more efficient, engaging, and social.
Localstake was founded around the following five core principles:
Localstake facilitates investment in growing small businesses. It looks to work with businesses that meet the following criteria:
While Localstake’s platform can support multiple security types, for businesses that use its Pro fundraising plan it uses revenue-share securities.
There are no fees for investors to sign up. Investors pay a transaction fee when investing, currently in the amount of $25. If the offering they invest in is unsuccessful, this transaction fee is returned to the bank account they invested from, along with their entire investment amount. Transactions fees may be waived or discounted for promotional purposes.
There is no initial cost to sign up and apply for funding on Localstake. Localstake offers tiered plans to issuers who are accepted and choose to raise funding on the platform.
In total, LocalStake indicates fees will typically range between 5%-10% of the amount of funding raised.
Localstake also offers a Simple plan for businesses that do not fit its Pro or Boost raise plans. It allows them to manage their own raises and costs $99/month.
Prior to founding Localstake, Ryan worked in investment banking at Periculum Capital Company, LLC. At Periculum, Ryan worked with management teams of small to middle market companies to assist them in raising growth capital and selling their business. Ryan received his Bachelors of Science in Business Administration and Psychology from Washington and Lee University. He holds the Series 7, 24, 79, and 63 securities licenses.
Prior to founding Localstake, Kevin worked in institutional investment management and due diligence at the Indiana Public Retirement System. He began his career at J.P. Morgan providing investment and wealth advisory solutions to individuals and families, many of whom were business owners or former business owners. Kevin received his Bachelors of Science in Finance from Butler University. He holds the Series 7, 24, 79, and 66 securities licenses and is a CFA charterholder.
Prior to founding Localstake, Brandon was an investment analyst at J.P. Morgan in Private Banking. While there, he was responsible for investment analysis and risk monitoring for high net worth families, foundations, and business owners. Brandon attended Indiana University where he graduated from the Kelley School of Business, majoring in Finance and Entrepreneurship. He holds the Series 7, 24, 79, and 63 securities licenses and is a candidate for the Chartered Financial Analyst (CFA) designation, having passed all required exams.
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