NextSeed, First Crowdfunding Portal to Close a Deal Under New Texas Laws, Comes to Austin

AUSTIN, Texas - June 9, 2015 - PRLog -- – Houston-based NextSeed (https://www.nextseed.com), the first crowdfunding portal to successfully close a public offering under new Texas laws, is opening an Austin, Texas office on July 1, 2015. The office will be located at 600 Congress Avenue in Austin, Texas. By establishing a second office in Austin, NextSeed aims to better serve entrepreneurs and investors interested in crowdfunding.

In May 2015, NextSeed became the first Texas crowdfunding portal to successfully close a crowdfunding offering since Texas enacted its investment crowdfunding rules.  A Houston hair salon successfully raised a $25,000 loan from 17 investors in 8 days on NextSeed.

“Growing businesses are constantly seeking capital, and we know it’s tough for small business owners to get access to the money they need,” says Youngro Lee, co-founder and CEO of NextSeed. “NextSeed empowers entrepreneurs to borrow directly from local investors in order to grow their businesses, while offering investors solid returns on their money.”

Eugene Kim, Vice President of Strategy and General Counsel, will launch the Austin office. “This is a huge step forward for NextSeed and for crowdfunding in Texas,” says Kim. “I’m excited to expand our business to a city like Austin, with such a strong culture of entrepreneurship and a rich fabric of local businesses that people care about.”

About NextSeed

NextSeed (https://www.nextseed.com) is the first debt crowdfunding portal in Texas where anyone can lend directly to a curated selection of local businesses seeking capital, regardless of accredited investor status. Developed by a group of entrepreneurs with backgrounds in tech, law, business and finance, NextSeed allows businesses to raise capital through revenue sharing loans, benefitting both businesses and investors. For more information on NextSeed, visit www.nextseed.com.