Two local startups turn to equity crowdfunding



Two more South Florida companies are diving into equity crowdfunding to raise money to grow their businesses.

LinguaSys, a Boca Raton-based emerging enterprise software company that solves human language challenges for global blue-chip companies by helping computers better “understand” and respond to human text, announced it is conducting an equity investment offering for up to $1.5 million on EarlyShares, an equity crowdfunding platform.

Kleo, a Miami-based e-commerce business that offers online banking solutions for teachers, schools and classrooms, also recently opened a crowdfunding campaign on EarlyShares, joining the peer-to-peer boating startup Boatsetter, the first South Florida company to do so. Kleo is raising a $1 million seed round.

EarlyShares, founded in 2011, is a Miami-based equity funding platform that posts investment offerings and rewards-based crowdfunding campaigns. Due to current SEC regulations, only accredited investors who are registered users of EarlyShares are able to invest in any of these offerings and other equity investment opportunities on the platform.

Follow Nancy Dahlberg on Twitter @ndahlberg

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