On Tuesday, Indiegogo celebrated its first year of equity crowdfunding by revealing details about what has happened on its equity portal over the past twelve months. As previously reported, Indiegogo launched the platform with MicroVentures, which allows anyone to invest in startups and growing companies. Its debut came just six months after the equity crowdfunding regulations (Title III) went into effect.
While sharing details about Indiegogo’s equity crowdfunding successes so far, the funding portal’s team stated:
“When we launched Indiegogo back in 2008, we wanted to give everyday people the opportunity to invest in the companies that inspired them. But at the time, the law didn’t allow it. As an alternative, we pioneered what is now known as Perks-based Crowdfunding, which allowed enthusiasts of all kinds to financially support the projects that inspired them in exchange for rewards.
“Still, we never let go of the Equity Crowdfunding dream, and thanks to new legislation that was implemented last year we were finally able to make it happen. In 2016 we teamed up with the FINRA registered broker dealer Microventures and launched First Democracy VC, an SEC-registered funding portal. Now, the crowd could finally invest in exciting companies poised for growth. Not only are investors part of bringing new products and ideas to life, they are part of the journey in an even bigger way.”
Indiegogo also reported that a total of 30 companies have come to the platform to fundraise, with 100% of them reaching their minimum funding goals. The platform has seen over 11,000 separate investments and a total of $7.53M raised.
See Indiegogo’s latest infographic on its first year of equity crowdfunding below.