StartEngine, a leading investment crowdfunding platform, says it surpassed all other funding portals during the month of May for Reg CF funding volume.
In March of 2021, the Securities and Exchange Commission increased the funding cap for issuers using the Reg CF securities exemption to $5 million. With the higher cap, platforms have been reporting larger raises and more issuers as the exemption is now more viable for more early-stage ventures.
During the month of May, StartEngine recently shared that utilizing data from Kingscrowd showed their platform hosted the most funding volume. According to an email, the top funding portals during the month are as follows:
- StartEngine – $13.075 million
- Wefunder – $10.739 million
- Republic – $4.839 million
- Netcapital – $2.081 million
- Honeycomb – $870,464
In aggregate during the month Reg CF is expected to top $34 million.
It must be mentioned that a month does not make a year and other metrics are not considered in these top line numbers. Additionally, StartEngine, like most other investment crowdfunding platforms, allow issuers to raise capital under multiple exemptions including Reg CF, Reg A+, and Reg D.
StartEngine does include a secondary market as part of its platform with issuers opting in to have their securities trade following a funding round.