The Locker's automated, standardized software puts power into
founders' hands, drastically reducing time and cost for both
funders and founders
NEW
YORK, July 15, 2024 /PRNewswire/ --
Today, The Locker – the first and only comprehensive automated
diligence software – launches, outsourcing diligence to founders.
Revolutionizing diligence, The Locker's human-verified, shareable
software offers investors an expansive and dependable diligence
check on private companies.
The Locker is a shareable diligence that transforms 900 data
fields into a concise snapshot on the health of a business.
Founders set up their Locker once, update monthly and give an
access key to funders. Lockers are standardized, with quantitative
analysis and fully automated diligence, to give investors a
consistent analysis with opinions and human-verified diligence.
"The current diligence system is costly, subjective,
inconsistent and biased – and slow manual diligence is a bottleneck
for deal flow, keeping millions of founders from funding," says
Nicole Loftus, Founder of The
Locker. "Now, founders can get a faster YES and more funding, and
investors get quantitative vetting of a business, freeing 95% of
their time and effort."
Loftus disrupted a $20 billion
industry and built a tech company that was #8 on the Inc. 500.
Witnessing the positive impact that growing and well-funded
businesses have on communities and the economy, Loftus decided to
create, acquire and grow the services and solutions founders and
funders need to be successful – paying it forward. To build The
Locker, Loftus sought out the best diligence firm in the U.S.,
acquiring CrowdCheck – the #1 recommended firm for 12 years – in
2023 to launch The Locker as a proprietary fintech product.
CrowdCheck has worked with thousands of private firms, brokers and
crowdfunding platforms, and is the most trusted diligence and
compliance firm nationwide.
The Locker is a form that feeds calculations, resulting in a
complete diligence report, shared with funders who access a
dynamic, simple, interactive, dashboard interface. Lockers are
verified to be in good standing, with no litigation, no bankruptcy,
checked financials, ten balance sheet ratios and 60 flags. The
Locker is a shareable private repository, so a company's data is
protected, and the founder can maintain focus while the investor
reviews a complete package of data, flags and calculations. With
founders driving the diligence process, they can now deliver a
consistent set of data to every investor.
Zachary Hansen, Founder &
President of a private equity fund among the first to use The
Locker, says: "The Hansen Family Office is thrilled to partner with
The Locker, owing to its meticulous founder-driven diligence
process. We recognize The Locker as an innovative solution that
significantly streamlines and expedites our underwriting and
funding procedures. This strategic collaboration not only enhances
our operational efficiency but also provides us with a competitive
edge, enabling us to fund high-quality companies at a remarkably
quicker pace."
Lockers are available to entrepreneurs for just $99.99 per month, and investors can view Lockers
for $150 each per month.
Visit http://yourlocker.co for more information.
ABOUT THE LOCKER
The Locker is the first and only
automated, founder-driven, comprehensive, shareable diligence
software. Founders, raise money faster, save valuable time, be a
hero to funders. Your Locker holds your verified information in one
place so you can go back to doing what you do best, running your
company. Funders, save money and time, get better data, decisions
and returns.
Media Contact: Kristin
Lunt
380306@email4pr.com
516-306-6374
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SOURCE The Locker