# MainVest

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mainvest

- Industry: Financial Services
- Headquarters: Salem, US
- Website: www.mainvest.com
- Total disclosed funding: $3M
- Latest round: Seed (Jun 25, 2019)
- Investors on record: 3

## About

MainVest, Inc. operates a platform that empowers local entrepreneurs to raise community capital, connecting them with investors seeking to support small businesses across the United States.Founded in 2018 and headquartered in Salem, US, MainVest, Inc. facilitates community capital raises for local entrepreneurs. The company was co-founded by Benjamin Blieden, Felix Le Dem, and Nick Mathews, who serves as CEO. MainVest raised USD 3 mn in Seed funding on June 25, 2019, co-led by Lerer Hippeau Ventures and Rucker Park, with participation from Uber Technologies, Inc. The company has completed a total of 1 deal to date.MainVest provides a platform focused on facilitating community capital raises for local entrepreneurs across the United States. This service connects investors with small business owners seeking funding, allowing these businesses to raise capital directly from their communities. MainVest serves over 30,000 investors and more than 400 small businesses, primarily in urban and suburban markets, addressing challenges faced by small businesses, especially during economic disruptions.MainVest's revenue model is built on community capital deployment, with nearly USD 40 mn raised by its investors for various entrepreneurial ventures. The platform generates revenue by taking a fee from the capital raised, rather than operating on a subscription basis, facilitating direct-to-consumer engagement and updates for investors supporting local businesses.MainVest plans to leverage its recent Seed funding of USD 3 mn raised in June 2019 to enhance its platform and expand its offerings to new markets. The company is strategizing to introduce new features that improve user engagement and streamline the investment process. The focus will be on increasing its footprint in underserved urban areas and small towns across the United States, although specific markets have yet to be disclosed.

## Funding rounds

- Seed, Jun 25, 2019, $3M — Uber Technologies Inc., Lerer Hippeau Ventures, Room40 Ventures

## Investors

- Uber Technologies Inc. — Seed
- Lerer Hippeau Ventures — Seed
- Room40 Ventures (https://capitalatlas.ai/funds/room40-ventures) — Seed