Pierre Laguerre, founder of Fleeting, a platform designed to connect companies with qualified and reliable CDL drivers, has made history as the first Black man to raise the $1.07 million maximum in all regulation crowdfunding platforms.
According to the Securities and Exchange Commission (SEC), a company is permitted to raise a maximum amount of $1,070,000 through crowdfunding offerings during a period of 12 months and Laguerre’s Fleet managed to do just that.
Republic, an online crowdfunding platform announced the news of Fleet’s historic accomplishment via Twitter.
HISTORY ✊🏾 FIRST Black man to raise the $1.07m max in all Reg CF platforms.
— Republic 🌎 (@joinrepublic) July 1, 2020
Fleeting shares were open to investors via Republic, where it amassed funds from nearly 5,000 investors, some of which took to their Twitter to share their excitement about investing.
Yesterday I made my first angel investment in @PierreLaguerre5's Fleeting. Trucking is the backbone of our economy and I'm really excited about what he's building. I wanted my first check to be in an underrepresented founder. It's time for our industry to change.
— Joe Magee (@KJMagee) June 23, 2020
People always ask me what am I investing in. I’m a conservative investor. Mostly index funds, but every now and then a friend presents me an opportunity that you can’t pass by. Proud of you @PierreLaguerre5
— Wealthy Savant (@savantmoore) June 22, 2020
Currently, Fleeting holds a $10 million valuation cap and is backed by celebrities such as Chamillionaire and E-40, according to Republic.
Click here for more information about Fleeting.