The company is best known for its family of revolutionary, wireless charging products that integrate seamlessly through the innovative use of magnets and are guaranteed to work flawlessly with any brand of device from the last decade, and the next. MAGFAST® is a startup specializing in high-end consumer electronics. "But if you are growing something exceptional, call Jason's team at Netcapital. "If you have an ordinary company, you'll want to go with one of Netcapital's competitors - they've got the cookie-cutter approach down-pat", responds Segnit. Our family at Netcapital is thrilled we could help facilitate MAGFAST's next phase of growth through the success of its digital raise." "It was such a pleasure working with Seymour and all of MAGFAST's talented and accomplished team. Selling out the offering in less than twenty-four hours is an impressive achievement," commented Jason Frishman, CEO of Netcapital Funding Portal Inc. "The excitement around MAGFAST's offering and their innovative magnetic chargers was really incredible. The average investment was over $1,100 - almost 50% above the average on Netcapital's platform. While the general public was eligible to invest, it was MAGFAST's thousands of pre-order customers who led the charge during the Thanksgiving event. "It's clear from the overwhelming response to this offering that our pre-order customers – the folks who know us best – are as excited about what's possible for MAGFAST as we are." "You can think of it as a kind of baby IPO," says Seymour Segnit, Founder & CEO of MAGFAST. The JOBS Act allowed the SEC to change the rules and allow a way that startups and other small private companies can make a limited offering of equities to the general public in a way that hasn't been possible since the 1930s. It has also shown a commitment to the environment by planting over a quarter of a million trees through its partnership with Trees for the Future. MAGFAST is a highly innovative company that has created a family of groundbreaking products to revolutionize the world of mobile device charging. Investors looking to profit from a modest pre-IPO securities investment crashed the servers during the formal 4pm EST opening on Thanksgiving Day.
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