LONDON — Adult crowdfunding platform AdultXFunding.com has announced its second round of equity funding.
Juicy Jay, founder and CEO of JuicyAds invested in the second phase of funding for AXF.
Launched in January, AXF now features an array of adult campaigns from all across the globe.
Projects online include a female contraception product from Luwi; the Little Bird, which is the first smart vibrator that connects to erotic books via an app; and Adult Industry Talk, an online platform created to promote adult companies.
AXF plans to also add equity crowdfunding options to its crowdfunding platform in early 2018 and is currently inviting investment from interested parties.
Funding from this will be allocated to adding the equity function on the site, in addition to increasing marketing and advertising activities.
“With the growth in the crowdfunding sector and the variety of international adult campaigns emerging on a regular basis, it is obvious the industry needs a specific crowdfunding platform and I wanted to be part it as it grows from strength to strength,” Jay said.
Jason Maskell, founder of AXF, said: “We are delighted to welcome Jay as an investor. It’s great to have Jay understand our vision for AXF and how we want to open up funding for new and existing companies in the adult sector.”
For further information on investing in the AXF platform, contact Maskell at jm@incrowdcap.com.
