By Robert Hoskins, Front Page PR
LX Ventures Inc. signs deal to acquire Weeve Ventures Inc. and all of Weeve’s assets including their crowdfunding platform Weeve.it.

LX Ventures Acquires Weeve.It
Since its launch in July 2012, Weeve has helped dozens of nonprofits by providing a simple and effective platform to increase their fundraising efforts, making it easier to raise funds as compared to traditional fundraising methods. Weeve’s platform currently enables nonprofits to tap into a new crowd of socially-conscious and tech-savvy individuals.
Weeve was featured in the major press including TechVibes, TechCrunch, The Digital Journal and The Huffington Post. Weeve was named as one of the “top 6 coolest companies to watch” by The Metro and described as the startup “set to disrupt nonprofit fundraising” by The Digital Journal.
LX Ventures plans to take Weeve’s sophisticated crowdfunding framework and repurpose it for use in other vertical industries that are ready for disruption.
“Weeve’s crowdfunding technology is a natural fit for our FinTech market vertical. Together, we will internally innovate and deliver revolutionary funding solutions across multiple market sectors,” said Ray Walia, COO of LX Ventures.
Alex Chuang, Co-founder and CEO of Weeve, said, “We couldn’t be more thrilled to join forces with LX Ventures. With LX Ventures accelerating our growth with their business intelligence, we can continue to innovate and take crowdfunding to new heights.”