OAKLAND, CA--(Marketwired - May 24, 2016) - At The Arcview Group's Investor Forum in Portland, OR May 1st-3rd, 2016, cannabis payments start-up SPARE received the highest pitch rating from Arcview's group of high net worth investor members. This rating earned them the very first $50,000 Winner's Fund investment. The Winner's Fund is being funded by Arcview and some of its investor members, and is managed by Arcview's partner NeWay Capital.
"Arcview relied on the wisdom of its members to decide who to invest in. I think that is a first for the cannabis industry. Hundreds of companies ultimately vied for a chance to be the winner. Since then, Arcview members have invested another $170,000 in SPARE so far," said Arcview CEO Troy Dayton.
"It's an honor to be the first company to receive the Arcview Winner's Fund award. It is great to have forward thinking investment groups like Arcview see the potential in our company. We are grateful for the opportunity and look forward to making great strides over the coming months and proving that Arcview's investor members have a strong eye for picking innovative companies," said SPARE CEO D'ontra Hughes.
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