StartEngine, one of the more prominent crowdfunding platforms in the US, launched a self-crowdfunding campaign in mid October. Today, the securities offer has raised over $1.19 million from 789 investors easily topping the minimum $500,000 hurdle.
StartEngine is a full stack crowdfunding platform that empowers smaller companies to raise capital under the three various crowdfunding exemptions; Reg D (506c), Reg CF and Reg A+. For this specific self-crowdfunding offer, StartEngine is using Reg A+, an exemption that enables the company to raise up to $50 million from both accredited and non-accredited investors.
As we previously reported, any funding will largely be directed towards boosting platform awareness for StartEngine. This along with tech improvements. StartEngine recently launched a secondary trading platform to help provide liquidity for securities that are largely illiquid. StartEngine has also announced it will move into the hot Initial Coin Offering space by providing compliant tokenized securities for companies looking to issue digital coins and investors keen on participating in the new market. Along this line, StartEngine has announced an ICOSummit taking place later this month in Santa Monica (if you are interested).
You can read more about the offer here on StartEngine and by reading their Offering Circular.
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