Space startup crowdfunding platform Spaced Ventures recently raised $8 million for Elon Musk’s startup within hours after the petition was published.
The “petition to raise” feature is a tool that allows Spaced Ventures to aggregate large pools of investor interest into a specific company, very often large, private companies, which don’t really think they need the public’s money. Spaced Ventures thus collects a large pool of possible investors and then notifies the company, turning the money raised into an investment.
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