CNBC & Crowdnetic partner to launch indices
CNBC and Crowdnetic have partnered in a move that is expected to allow for faster, more accurate updates on equity, debt and real-estate crowdfunding campaigns.
The CNBC Crowdfinance Tech Index, launched on Thursday, provides a daily average index of the largest capital commitments raised by private US tech companies. The 25 companies represented on the index are operating companies raising money, not equity funds.
The index’s user base, made up largely of business executives and private investors, will be able to track industry trends on early stage capital investments before they reach the venture capital market.
The index will also provide broader education, awareness and context to the investing public in advance of the implementation of Title III.