While Wefunder has listed more securities crowdfunding offers, StartEngine has raised more money during the first nine months of 2022, according to data compiled by KingsCrowd.
While it was not immediately apparent if the numbers included Reg D offerings, both platforms are active in the Reg CF and Reg A+ exemptions.
StartEngine raised $165 million through Q3, trailed closely by Dalmore Group – a relatively new entrant into the online capital formation sector of Fintech. While StartEngine operates both a funding portal and a broker-dealer, Dalmore is a broker-dealer that allows issuers to raise money on their own domain. Wefunder came in 3rd at $140 million.
As for Wedunder, this funding portal listed 313 deals, while StartEngine booked 251.
StartEngine recently acquired SeedInvest eliminating a competitor while gaining its list of investors and history of issuers. This may propel StartEngine even further above its competitors.
In an email, StartEngine described the purchase of SeedInvest as “going on the offense.”
“StartEngine has agreed to acquire SeedInvest, the #5 platform per KingsCrowd’s report. As Crowdfund Insider put it, the move constitutes a “seismic shift of consolidation” that could further our dominance in the
industry (no biggie).”