South Florida technology school sets goal of $200,000
Boca Code, a local school pioneering software development training for adults looking to transition their careers, launched an investment offering on the Miventure mobile app last week.
By using the Miventure platform, Boca Code can raise capital from friends, investors, and potential customers nationwide with investments as little as $100.
Unlike other crowdfunding platforms like xf and StartEngine, that offer rewards and equity, Miventure offerings are generally structured as term loans. With Miventure, investors receive potential monthly payments until they recoup their principal plus interest.
“Using the Miventure platform is a great way for our friends, partners and customers to mutually benefit from our success by loaning the company the money we need to continue growing rapidly,” says Dr. Todd Albert, Founder of Boca Code. “It’s difficult finding capital for early-stage companies trying to do something new. We’re eager to see the results, not just for us, but for other companies like us at a similar stage.”
Boca Code has already completed courses for over 40 students from both their online and physical locations. The capital raise will primarily be used to expand our marketing efforts and to help hire more instructors to keep pace with student demand for our courses.
In addition, Boca Code provides companies with affordable software development services which allows their students to get real-world hands-on experience. Senior instructors not only teach courses, but they also ensure the quality of contracted projects remains extremely high.
“We’re thrilled our platform can connect innovative companies, like Boca Code, with everyday people who can choose to finance companies they really believe in,” says Jason Crystal, Miventure CEO. “We built this platform to make sure great ideas have a chance to flourish when traditional funding options fail to meet their needs.”
Miventure is the brainchild of two friends from New York City. There, Jason was working as a business consultant helping companies scale their operations. He repeatedly saw businesses taken advantage of when trying to obtain financing, especially in their early stages of growth. Investment crowdfunding emerged as an elegant solution to this pervasive problem.
Co-founder Luiggi Pera, worked in banking compliance for JP Morgan and Morgan Stanley, giving him insight on how to design the platform and surmount the regulatory hurdles relevant to this type of financial marketplace.
The two moved their families to Central Florida in April as they continued building Miventure. A few months ago, Miventure, Inc. succeeded in becoming a member of the Financial Industry Regulatory Authority (FINRA), a government-authorized organization that helps regulate funding portals.
In addition, Miventure is a participant in the Downtown Orlando UCF Innovation District.
To contribute to Boca Code’s campaign, download the Miventure app on both the IOS and Android app stores or by clicking here.