Australian Facebook alternative LITT just broke another crowdfunding record

CLIENT: LITT

OUTLET: THE AUSTRALIAN | STARTUP DAILY | TICKER NEWS | BUSINESS NEWS

A new Australian equity crowdfunding record was set yesterday with LITT raising $500,000 in just 40 minutes. The company, which is offering $1.5m worth of shares, became the second fastest to raise $1m, hitting that number in 11 hours.

LITT co-founder Brent Thompson says he's recommending any investors who were considering participating in the offer do so before it's too late.

“Everyone in the office was cheering every time we hit refresh on our laptop – our team has worked so hard over the past few years and to have investors now share in our vision can only be described as pure joy!” Mr Thompson said.