Reg CF Dipped in August but Crowdfunding Total “Still Strong”

StartEngine published their monthly report on Reg CF volume and according to their numbers, $7.4 million was raised during August. This comes after a new high in July when it topped $10.7 million.

Since the securities exemption went into effect in May 2016, Reg CF has raised over $135.3 million, according to StartEngine.

In August, businesses raised over $7.4M via Regulation Crowdfunding. After a record month in July, August showed a slight dip, but the momentum is still strong. In total, companies have raised over $135.3M via Regulation Crowdfunding since its inception in May 2016. The Index grew 5.7% this month.

The top ten Reg CF campaigns in August were dominated by Wefunder – a platform that had a banner month.

The group includes:

  • Meow Wolf – $1.322 million – Wefunder
  • Inside.com – $1.095 million – SeedInvest
  • Neurohacker Collective – $1,069,454 – Wefunder
  • Altcoin Exchange – $926,068 – Wefunder
  • Gin & Luck – $906,606 – SeedInvest
  • Keezel – $700,335 – StartEngine
  • Travis Midtown – $700,000 – NextSeed
  • Naia – $642,305 – Wefunder
  • Block Momma Tea & Cafe – $582,750 – Wefunder
  • Cleveland Whiskey – $580,380 – Wefunder

Observers may note that the top two campaigns went beyond the CF limit of $1.07 million. Typically, issuers will allow accredited investors to participate under Reg D (506c) or the money will have to be returned.

As for business category, Food and Beverage topped the list – same as July – with Media & Entertainment coming in second.  A relatively new phenomena is for blockchain based companies to use Reg CF to raise money and 5% of the issuers were in this sector.

StartEngine notes that 58 companies filed a Form C with the Securities and Exchange Commission during the month with StartEngine (18) in the lead followed by Wefunder (15) and SeedInvest (5).

In August, 58 companies filed their Regulation Crowdfunding offering with the SEC. StartEngine had the most filings with 18, Wefunder followed with 15, and SeedInvest in third with 5 filings.

Once again, the state of California leads with the most issuers.

StartEngine says that “momentum is still strong” most likely due in part to the good amount of filings with the SEC.


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