Netcapital Funding Portal Facilitates $3.3 Million Capital Raise by EarthGrid PBC
- EarthGrid raised approximately $3.3 million on Netcapital's funding portal platform.
- EarthGrid aims to create a network of underground transmission lines using plasma boring technology.
- The company's goal is to revolutionize grid infrastructure in the US and enhance safety and reliability.
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“Like many of the entrepreneurial companies that we support, we believe EarthGrid PBC is a true innovator, whose technology has been designed to fundamentally change the way tunnels and trenches are built and facilitate the transition to clean power,” said Martin Kay, Netcapital Inc. CEO. “We congratulate their team on all of their accomplishments to date and prospects for an exciting future ahead.”
Troy Helming, CEO of EarthGrid PBC, commented, “We chose the Netcapital funding portal platform for our capital raise to democratize the ownership of our infrastructure and utilities. Through the Netcapital funding portal platform, we are pleased to welcome over 1,000 new participants in our planned long-term growth and value creation.”
EarthGrid PBC has developed proprietary, groundbreaking plasma tunnel-boring technology that can revolutionize the grid infrastructure in the
About Netcapital Inc.
Netcapital Inc. is a fintech company with a scalable technology platform that allows private companies to raise capital online and provides private equity investment opportunities to investors. The Company's consulting group, Netcapital Advisors, provides marketing and strategic advice and takes equity positions in select companies. The Company’s funding portal, Netcapital Funding Portal, Inc. is registered with the
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Source: Netcapital Inc.
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