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ClearingBid

Opens IPO investing to everyone

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Form C
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Security Type
CAFES
Categories
Technology, Financial Services
Min Investment
$100
Location
Stamford, CT
Expected Close Date
April 29, 2024
Target Raise
$200.00K-$5.00M
Security Price
$1
Website
clearingbid.com
Number of Employees
9
Cash
$49,375
Revenue
$0
Short Term Debt
$1,315,972
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-842,851

Key Deal Facts

IPOs are a huge business ($20 billion in fees in 2021) and the process is highly antiquated. Retail investors are almost always excluded from participating in IPOs. Our model fixes that. ClearingBid makes investing in an IPO as easy as investing in a public stock is today. Only approach in the market that can allow all investors to invest in IPOs the 1st day of pricing. $6M capital raised to date from insiders, industry executives and angels. Powered with a proprietary pricing engine designed by world-renowned exchange technology architect. Drives true market pricing, the way we believe all companies will go public in the future.

Management Team / Advisory Board Bios

Matt Venturi CEO & FounderPreviously Managing Director of Investment Banking at Houlihan Lokey, MD at Salomon Smith Barney, Merrill Lynch., Roland Tibell CTOPresident of OMX when it was acquired by NASDAQ; President of OM Exchange Systems; CIO of Stockholm Stock Exchange., Kayle N Watson Head of Operations & Biz DevPreviously Director ETF Institutional Distribution @ Blackrock; Equity Sales & Syndicate Distribution @ Guggenheim; Managing Director Institutional Equity Sales @ Bear Stearns, Tor Soderquist Head of IT & Exchange TechnologyDirector Service Management @ NASDAQ OMX; Service Manager @ OMX Technology., Margaret Ruschmann Head of Content & Social MediaEquity Analyst & Portfolio Manager @ US Trust; Equity Analyst & Assis. Portfolio Mgr. @ J&W Seligman; Equity Analyst @ Salomon Smith Barney., Ed Scanlon Chief Compliance OfficerBusiness Development @ Walleye Trading; Equity Derivatives Trader @ The Vertical Group; Options Broker @ Chapdeliane & Company., Arne Kastner AssociateEquity Capital Markets @ Commerzbank; Volkswagen Financial Services.

Amount Raised : $5,342,781
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Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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