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The Boston Globe


Cambridge firm seeks funds for start-ups online

Securities and Exchange Commission rules that took effect Monday will make it easier for companies like Cambridge’s Wefunder Inc. to provide an online platform for start-ups to raise money.

The SEC revised regulations for the first time to allow private companies to publicly solicit for investment dollars in exchange for equity, a major shift in the way fledgling businesses have traditionally been allowed to seek early-stage funding. It means start-ups can now use crowdfunding websites such as Wefunder to raise money.

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