StartEngine, one of the larger investment crowdfunding platforms in the US, continues to push forward with its self-crowdfunding campaign has now raised approximately $825,000 from 699 investors.
StartEngine is seeking from $500,000 to $9 million under Reg A+ at a pre-money valuation of $119 million.
Launched earlier this spring, the offer seeks up to $9,000,000 from the sale of Common Stock. There is an additional $1,000,000 offer on the table for the sale of Preferred Stock for a total of $10,000,000.
Investors in preferred shares must invest $200,000 or more. Common share investors have a minimum of just $502.50.
To date, including previous rounds, over 4,000 members of the StartEngine community have invested in StartEngine. Last year, StartEngine raised approximately $5 million from almost 3,500 investors at a valuation of $65 million.
The Reg A+ Offering Circular provides additional information on the share sale.
StartEngine recently announced it had surpassed 200,000 users on the platform. To date, StartEngine has raised around $90 million for 265 different companies. StartEngine is full stack meaning the platform leverages all three crowdfunding rules: Reg D 560c, Reg A+ and Reg CF. The platform has dabbled in the crypto sector too and would like to move into the security token sector once the regulators clear the path.
What’s in Store for the Future?
StartEngine is pursuing a broker-dealer license as well as an Alternative Trading System (ATS) license. Once StartEngine has both, the platform can set up a secondary marketplace to help provide liquidity for a traditionally illiquid asset.