AlphaCrowd raises $800,000 from Chinese investor, pending visa approval

Thu, 03 Nov 2016

By Paul McBeth Nov. 4 (BusinessDesk) - Crowdfunding platform AlphaCrowd has raised $800,000 from a Chinese investor, which it plans to spend on taking on more staff, although more than half of that is subject to its newest shareholder being granted a work visa. The Auckland-based company got a $380,000 cash injection from Beijing-based Fang Liu and is expecting a further $420,000, which is contingent on Liu being granted a work visa from Immigration New Zealand, AlphaCrowd's financial statements show. The capital injections in July and S...

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