Boca Raton, Fla. (December 21, 2020) – 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 Kickstarter 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.
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For more information, contact:
Miventure Inc: Jason Crystal, Co-founder and CEO, 201-575-1219, jason@miventure.com
Boca Code: Todd Albert, CEO, 561-573-7773, todd@bocacode.com
UCF Business Incubation Program: Rob Panepinto, director, Innovation Districts Strategy and Partnerships for the University of Central Florida, 407-467-5689, rob.panepinto@ucf.edu or Alan Byrd, Alan Byrd & Associates, 407-415-8470, Alan@ByrdConnections.com
About Miventure Inc.:
Miventure, Inc. is registered with the US Securities and Exchange Commission (“SEC”) as a funding portal (“Portal”) and is a member of the Financial Industry Regulatory Authority (FINRA). Miventure, Inc. offers investments to everyone over 18 years of age under Title III Regulation Crowdfunding. For more information or to begin using the Miventure mobile app, visit www.miventure.com.
About Boca Code:
Boca Code School, LLC, is a registered Florida Limited Liability Company. Boca Code offers introductory and advanced short courses as well as a full-time immersive Software Engineering Career Course. For more information, visit www.bocacode.com
About the UCF Business Incubation Program:
The University of Central Florida Business Incubation Program is a community resource that provides early-stage companies with the tools, training and infrastructure to become financially stable, high growth/impact enterprises. Since 1999, this award-winning program has provided vital business development resources resulting in over 300 local startup companies reaching their potential faster and graduating into the community where they continue to grow and positively impact the local economy.
With seven facilities throughout the region, the UCF Business Incubation Program is an economic development partnership between the University of Central Florida, the Corridor, Orange, Osceola, Seminole and Volusia Counties, and the cities of Kissimmee, Orlando and Winter Springs. For the 2017/2018 fiscal years, the activities of these participating firms have helped to sustain more than 6,725 local jobs and have had a cumulative impact of over $725 million on regional GDP and over $1.3 billion on regional sales. During the same period, the program has returned more than $12.00 in state and local taxes for every $1.00 invested in the program. In addition, for every $1.00 of public investment the firms also produced $118 of additional regional GDP and $226 of regional sales. For more information, visit www.incubator.ucf.edu.
