SunDown, a regional entrepreneur ecosystem based in Ohio, has created an investment club on Wefunder. In a note to followers SunDown stated they were into the equity crowdfunding game to help invsetors “de-risk” their participation.
“The new equity crowdfunding rules and platforms are going to be a hard thing to feel out over the next couple of months as things get into full swing. SunDown has decided to create an investment club on WeFunder, of the few equity crowdfunding sites that have registered with FINRA and can take accredited, non-accredited, and institutional investors for equity based crowdfunding.”
SunDown states it will provide due diligence on startups before investing or recommending an investment to their members. Everything free with no obligation. The investment club is described as funding early stage startups in any industry that has a focus on the Midwest and will create good and sustainable jobs for the region.
Since the Title III, Reg CF exemption became actionable in the investment crowdfunding sector last month, Wefunder has been the most active listing platform in the space.
Wefunder is one of about a dozen platforms that have received SEC/FINRA approval to operate as a Reg CF funding portal. The first 30 days of Reg CF saw approximately $5.6 million of investment into 40 plus companies.