FinTech: StartEngine Helped Everyday People Invest $200M in Startups
StartEngine believes everyone should be able to invest in the ideas that could become the great businesses of tomorrow.
StartEngine, a securities crowdfunding platform, has helped raise $200 million for entrepreneurs and companies on its platform. The amount covered funding across 53 industries to 439 companies. (CROWDFUND INSIDER)
“It’s your turn to be the shark”
At StartEngine, investors have access to dozens of investment opportunities in start-ups and can invest in the businesses of tomorrow for as little as $ 100.
Clearly, the little guy has the opportunity to become a venture capitalist via StartEngine. Investments in start-ups are “alternative investments” that offer the benefits of diversification in a portfolio, as well as non-correlation with traditional investments such as stocks and bonds.
Growth trajectory
StartEngine passed the $ 100 million benchmark on July 28, 2019. That took 1743 days since its founding.
In contrast, it took just 396 days for the company to cross the next $ 100 million in crowdfunding investments.
“The thing that has changed the most in the past year is the daily investment activity on our platform,” StartEngine said on its blog. “More people are investing more frequently than ever before.”
The platform revealed that 123,962 investors had used StartEngine.
The company says on its website that it has plans to launch a secondary marketplace through an alternative trading system (ATS) to trade start-up investments. It would be the first of its kind for Reg A offerings in the United States.
StartEngine is crowdfunding itself
Interestingly, investors looking to invest in StartEngine itself may now do so.
StartEngine is currently amid fundraising where it is offering common shares at $ 11.25 per share in a RegA+ offering and targeting $ 41 million at a valuation of $ 190 million. It has already raised $8.32 million.
It previously raised $8.34 million in March 2020 when it issued shares at $ 7.50 per share.
The company says it’s signed a partnership with Kevin O’Leary, a renowned businessman, who is now its strategic advisor and an investor.
Howard Marks, the co-founder of videogame publisher Activision, is a co-founder and CEO of StartEngine.
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