StartEngine Has Now Raised Over $4 Million in their Self-Crowdfunding Campaign

StartEngine, one of the largest investment crowdfunding platforms in the US, has now topped $4 million in their self-crowdfunding campaign.

The online capital formation platform announced their Reg A+ securities offering went live last October. Using a pre-money valuation of $65 million, StartEngine is seeking $5 million in growth capital – and they are nearly there. Over 3000 individual investors have signed up to back the nascent Fintech company.

StartEngine is a full stack crowdfunding platform allowing issuers to raise money under Reg D, Reg A+ and Reg CF. They were also the first crowdfunding platform to push into the initial coin offering space and the first to list an ICO issuer using the Reg CF exemption. According to the Offering Circular, StartEngine is also developing a secondary trading platform called “CrowdTrade.”

StartEngine CEO Howard Marks revealed earlier this year that StartEngine is in the process of becoming an Alternative Trading Systems (ATS). To launch an ATS, StartEngine must first become a FINRA regulated Broker Dealer. StartEngine expects to provide liquidity for Reg A+ and Reg CF securities. They also want to provide liquidity for digital assets.

StartEngine is offering 1,000,000 shares of Common Stock and up to an additional 100,000 shares possibly issued as “bonus shares”. The price per share is $5 with a minimum investment of $500. The average investment stands at $1338 per investor. Basically, if you participate in this offering you expect StartEngine to be worth more than $70 million at some point in the future.

 

 

 


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