Arbit Raises $825K Through Equity Crowdfunding

Baltimore startup Arbit is looking to expand its team after an equity crowdfunding campaign this fall.

The social polling startup attracted more than $825,000 through a platform run by Indiegogo and Microventures that launched this year, CEO Alex Bullington said Tuesday. He added that it was the largest round so far for the First Democracy VC portal.

However, the company won’t keep it all. While the total committed was above $825,000, Bullington said the company decided to cap the round at $700,000. That’s why the total currently appears at $700,000 on the portal.

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