Junction (investment platform)
| Company type | Private |
|---|---|
| Industry | Financial services, Crowdfunding |
| Founded | 2012 |
| Founder | Adam Kaufman, Brian Goldsmith |
| Fate | Acquired by Seedrs in October 2014 |
| Headquarters | San Francisco , United States |
| Products | Online investment platform for film financing |
Junction was an online investment platform headquartered in San Francisco that allowed accredited investors to acquire limited partnership stakes in funds dedicated to financing major motion pictures. Unlike donation-centric crowdfunding, Junction provided a means for investors to gain indirect participation in fully funded film ventures. Through contracts with the film's financial backers, investors obtained status as limited partners with corresponding economic interests.
The platform operated pursuant to the 2012 United States Jumpstart Our Business Startups Act, which introduced new opportunities for raising investment capital.
History
Established in 2012 by Adam Kaufman, formerly of Goldman Sachs, and Brian Goldsmith, a previous CBS News producer, Junction's founding team also included a former engineer from Google, an ex-technology specialist from Goldman Sachs, and a past attorney at Cravath. The advisory board comprised notable industry leaders such as Steve Wynn, Jason Blum, and Logan Green.
By March 2014, Junction had partnered with financiers including Worldview Entertainment, Silver Reel, Endgame Entertainment, PalmStar Media, and QED International.
In October 2014, the European equity crowdfunding company Seedrs acquired Junction, representing its entry into the American market.