WICHITA, KS (January 18, 2022) – Knowledge as a Service, Inc. (“KaaS”) today announced the end of its crowdfunding campaign is Sunday, February 6, 2022, at 11 p.m. PST. This date marks the completion of a six-month capital raise from the public-at-large using the Regulation Crowdfunding (Reg CF) exemption that is growing in popularity across the country as a viable way for companies to find investors.
KaaS chose Wefunder as the broker for their offering. Wefunder is one of the leading brokers for equity crowdfunding, with 37% of the market share and nearly one million investor users in their network. They boast higher returns than the top quarter of venture capital firms.
Equity crowdfunding, and crowdfunding, in general, changed the game for both investors and startups – and it’s just getting started. According to Crowdfund Capital Advisors via Crowdfund Insider, capital commitments through Reg CF totaled $239.4MM, up 77.6% from 2019. Statista reported transaction values exceeded $500MM in 2021.
KaaS reached its minimum funding goal in late 2021 and will continue to raise until the February 6 closing date. See more on Wefunder, including details on the offering, number of investors and their comments, as well as total amount raised: www.wefunder.com/kaas.
“What really gave us validation in many of the decisions we made as a company in 2021 were the Wichita investors coming into our equity crowdfunding campaign,” Barkley said. “So far, we have attracted 39 investors from the Wichita Metro Area, and a total of 42 in Kansas.”
Wichita investors include Paul Gray of Paul Gray Homes; Francis Baalmann, attorney at Foulston Siefkin LLP and real estate investor; and Bonavia Industries, to name a few.
“It’s been a great thrill and honor to run the first equity crowdfunding campaign in my hometown.” said Barkley. “After being back in Wichita after 22 years on the coasts, and seeing what’s possible here, it’s clear that business and community leaders – and the people – want to support home grown startups. Embracing equity crowdfunding is necessary to ensure our footing in the innovation space. There are endless unicorns to come.”
Read the full story in the Wichita Business Journal.
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About Knowledge as a Service, Inc.
Founded in 2019, Knowledge as a Service, Inc.’s mission is to support companies and organizations making a shift away from traditional ineffective corporate learning models toward behavior changing habit formation. Its product Ringorang® uses microlearning and gamification to improve human performance through habit formation that changes attitudes and drives value. By aligning business outcomes with employee development and incremental improvement, Ringorang empowers people by providing the tools they need to command their own performance – both at work and out in the world. Ringorang has worked with customers such as NV Energy, Penn Medicine, Verizon Wireless, and has collaborated extensively with the U.S. Department of Energy. Learn more at https://www.ringorang.com/.
