Philadelphia Business Journal
Symmetry Therapeutics achieved its goal of raising $30,000 — with just $133 to spare — via a crowdfunding campaign to help fund the Philadelphia-based startup’s research into new therapies to treat obesity.
[read more here: http://www.bizjournals.com/philadelphia/news/2015/10/13/obestity-drug-symmetry-therapeutics-30k-indiegogo.html]
United PV Turns to Crowdfunding After Stocks in China Plunge
United Photovoltaics Group Ltd., a Chinese solar-farm operator, said it will use crowdfunding to raise money for its investment after the crash in stock prices in the nation made traditional fundraising more difficult.
The company plans to “distribute solar farms as bank products to thousands of households," Chief Executive Officer Alan Li said in an interview in Beijing. "It’s a concept of crowdfunding and will be completed under the banking system."
United PV, whose shares have lost half their value since peaking in June, is seeking to finish the fund raising effort by the end of this year, Li said. The Hong Kong-based company is in talks with several banks about the logistics needed to make it happen, he said. He declined to name the banks or discuss how much he’s seeking to raise.