Less than two months after Indiegogo teamed up with MicroVentures to launch its equity crowdfunding platform, campaigns on the platform have successfully secured $1 million in funding. There are currently five initiatives on the website.
Indiegogo launched the new equity portal with MicroVentures on November 15th, which was six months after the new equity crowdfunding regulations (Title III) went into effect. It now allows anyone (accredited and non-accredited investors) to invest in startups and growing companies. At the time of the portal’s debut, CEO of Indiegogo, David Mandelbrot, explained:
“Our mission has always been to make it easier for individuals to raise money for projects they are passionate about and this is the latest way we’re helping entrepreneurs access the financing they need while also giving backers the chance to invest in new companies. Since Indiegogo first launched we’ve wanted to offer these sort of investments, and we’re very excited to be officially giving the millions of people who visit our platform every month the chance to get involved with equity crowdfunding opportunities.”
According to NextGen Crowdfunding’s Indiegogo Crowdfunding Watch feature, the first four campaigns on the platform, which were from ArtCraft Entertainment, PlayImpossible, BeatStars, and Republic Restoratives, reached their minimum goals within the first two weeks of their launch and generated over $445,00 in investor commitments during that time. The fifth campaign from Texas Zebo has so far raised 87% of its minimum funding target with 36 days to go. See the current stats below.
How Are Equity Individual Campaigns Doing
How Equity Individual Campaigns Done Since They Launched
How Indiegogo’s Crowdfunding Companies (Title III) Doing Overall
Indiegogo has reportedly helped entrepreneurs capture over $1 billion from over 8 million backers from more than 700,000 rewards-based crowdfunding campaigns.
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