StartEngine Reports Biggest Week Ever for Money Raised

StartEngine, one of the largest investment crowdfunding platforms in the US, says it had its largest week ever for raising money on its platform.

According to an email, StartEngine raised $10.6 million topping its previous high water mark by $600,000. The previous high took place in April.

StartEngine attributes the activity to its own self-crowdfunding round as it hopes to raise up to $46 million with the proceeds to the company totaling $36.7 million with the balance going towards fees and certain selling shareholders. The securities offer currently stands at around $6.9 million. StartEngine also helped Boxabl raise a good amount of money with the issuer closing the round last Friday.

StartEngine helps firms raise funding under Reg A+ and Reg CF – but has also leveraged Reg D in the past. StartEngine focuses on early-stage ventures but has expanded into collectibles including art, wine, and more. StartEngine recently announced a partnership with Indiegogo, a rewards or pre-commerce provider to be a preferred path to help companies raise funding via a securities offering.

 

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