Finta’s cutting-edge product suite takes any company, at any stage, and creates seamless connections to investors who are looking for those types of deals.

We recently helped an exciting company in the electric boating space close their seed-plus round.

What is Flamingo Electric

‍Founded by successful entrepreneurs in the marine space, Flamingo Electric is developing pontoon boats that run on electricity instead of gasoline. That involves a complete redesign of the hull and propulsion system to make the boat about 40% more efficient than regular pontoons.

Wisconsin-based Flamingo Electric is building toward sales and fullscale commercial manufacturing in the next few years.‍

Seed+ round‍

Flamingo Electric recently closed a seed-plus round, with contributions from strategic corporate partners and venture capital firms. The round will support the company’s immediate goal of creating a production-ready prototype.‍

Why Flamingo Electric Used Finta‍

Flamingo Electric co-CEO Brian Davis was introduced to Finta when he was looking for a platform to manage the round. The company used Finta to…

●       Track its funnel

●       Find, source and solicit investors

●       Share information through a dealroom instead of via email

●       Close deals with investors

Flamingo Electric is now using Finta as an investor relations platform to communicate with current and potential investors.‍

Takeaways‍

An innovative e-boat startup with the backing of strategic corporate and VC funding raised a seed-plus round through Finta’s automated fundraising platform. The company is now using Finta as an investor relations tool to communicate with current and future stakeholders. Flamingo Electric expects to use Finta when it opens future funding rounds that support its pathway toward commercial manufacturing.