StartEngine Claims Top Spot in Reg CF & Reg A+ Raises During Q2 2021

StartEngine, a full-stack investment crowdfunding platform, is claiming the title as the top Reg CF / Reg A+ funding during Q2 in regards to the amount of capital raised for firms using these securities exemptions.

In March of 2021, the Securities and Exchange Commission (SEC) increased the funding cap of Reg CF from $1.07 million to $5 million. The increase has been embraced by the industry and the platforms engaged in online capital formation. The securities exemption is now viewed as more viable for more firms – especially promising young tech firms that may want to raise Seed funding rounds in the millions of dollars – which is typical for popular startups. Simultaneously, the funding cap for Reg A+ offerings was tapped up to $75 million from its previous $50 million cap.

StartEngine, along with other leading crowdfunding platforms, has benefited by this change as issuers have moved to take advantaged of the improved exemptions.

In an email, StartEngine reports setting a new all-time quarterly record for the amount raised in a single quarter, surpassing their previous record of $57 million raised from Q1 this year. StartEngine compares its funding volume of $66 million to two other top platforms, Wefunder at $33.9 million and Republic at $28.6 million. StartEngine states its previous record was $57 million raised during the first quarter of 2021.

Additionally, StartEngine reports that it launched 58 offerings during Q2.

For the Reg CF industry in total, StartEngine says there were 313 new deals launched during Q2 and over $117 million was raised across all funding portals during the quarter. The company predicts that Reg CF is on track for 70% year over year growth.

 

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