Website Makes $11M available to Massachusetts Start-ups

FundingMassachusetts.com announced this morning that due to increased interest from investors in Massachusetts; capital available to entrepreneurs is approaching $12M.

“It is astounding the growth that we have seen recently,” said FundingMassachusetts.com CEO Brock Blake. “Angel investors in Massachusetts are really catching the vision of what we are trying to do here at FundingMassachusetts.com.”

FundingMassachusetts.com provides an online link between the sometimes estranged groups of investors and entrepreneurs. Aspiring entrepreneurs and accredited investors can register free of charge on the site. Entrepreneurs then place their business plan and contact information on the site where registered investors may review the plans and contact entrepreneurs.

“I guess you could say we’re kind of like an eHarmony.com for businesses,” Blake said with a smile. “We are helping entrepreneurs and investors meet engage in communication that will lead to a lasting business relationship.”

Funding Massachusetts.com is a member of the FundingUniverse.com family of sites that provide a similar matching service for entrepreneurs and investors in other states throughout the U.S.

FundingMassachusettes.com also provides the DealFlow Suite of services for organized angel groups. The service enables angel groups to draw from plans posted on the FunidngUniverse.com family of sites, discuss them online, and rate them as a group. In addition, angel groups may use the software to evaluate plans that have been submitted to them privately through FundingMassachusetts.com.