Boulder’s Kickfurther wins $500,000 in startup competition

BOULDER — Kickfurther, an inventory crowdfunding platform, won $500,000 in the fifth annual 43North competition in Buffalo, N.Y.

43North is a $5 million startup competition for entrepreneurs and startups around the world. SparkChange, of Syracuse, won the $1 million grand prize. All eight finalists receive cash prizes, a year of free incubator space in Buffalo and guidance from mentors.

“The 43North competition has made Buffalo a top destination for some of the best and brightest entrepreneurs across the globe,” New York Gov. Andrew Cuomo said in a prepared statement. “I am proud to welcome all of these innovative 2018 43North winners and look forward to seeing their projects in action, further energizing the economy of Western New York.”

Kickfurther markets itself as the next-step for entrepreneurs after they have participated in a Kickstarter or other crowdfunding campaign. The company helps startups tap into accredited and unaccredited investors to finance inventory and then payback a predetermined return once the inventory is sold.

The other finalists were LegWorks, of Buffalo; Forsake, of Boston; HiOperator, out of San Francisco; Immersed Games, of Gainesville, Fla.; MagnusMode, out of Waterloo, Ontario, and NaturAll Club of Philadelphia. The six other finalists also received $500,000 prizes.