Reg CF Crowdfunding Activity Jumps in September

StartEngine has published their tally of Reg CF crowdfunding campaigns for the month of September. According to their numbers published on their StartEngine Index, September showed a solid increase in total raised on active CF funding portals.

StartEngine reports that $8.7 million was raised under the Reg CF securities exemption. This was almost a $1 million increase over the month of August.

In total, Reg CF issuers have now raised $143.5 million since the exemption became actionable in May of 2016.

As for the top campaigns during September the following issuers and platforms performed the best:

  • Gin & Luck – SeedInvest $1.07 million
  • Inside.com – SeedInvest $1.062 million
  • Altcoin Exchange – Wefunder $853K
  • Keezel – StartEngine $768K
  • Travis Midtown – NextSeed $700K

Food and Beverage was the top category for funding followed by tech and then manufacturing.

Regarding capital raised by the top Reg CF funding portals, Wefunder led ($3.1 million), followed by StartEngine ($2 million) and then NetCapital ($1.1).

By percentage, the following portals raised the most money in September:

It is encouraging to see some new names in the top funding list. NetCapital out of Delaware is listing both Reg CF and Reg D 506c offerings. truCrowd, out of Chicago, also lists intrastate offerings under Illinois crowdfunding rules.

In September, CI reported there are currently 44 FINRA approved Reg CF funding portals.

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