Dalmore Group, one of the fastest growing platforms providing online capital formation in the US, is reporting over $250 million raised in the past five months.
The quarter billion dollar plus amount actually totaled $263,954,784, according to a blog post.
October was the strongest month, topping $70 million.
To break things down by month:
- July – $43.3 million
- August – $50.3 million
- September $52.5 million
- October – $70.2 million
- November $47.3 million
Dalmore Group founder and Chairman Etan Butler stated:
“This isn’t just a number. It’s a testament to the power of collective effort and trust in crowdfunding. Each investment, big or small, has contributed to this remarkable achievement. Thanks to your belief in the potential of crowdfunding, we’ve turned visions into reality and ideas into raised capital. This milestone isn’t just ours; it’s yours too. To our dedicated and visionary entrepreneurs: Your confidence and commitment has made this possible. We’re not just celebrating historic numbers; we’re celebrating the growth of a community that believes in the power of innovation and collaboration.”
Dalmore is a FINRA-regulated broker-dealer that specializes in raising money online. Dalmore’s forte is Reg A+, a securities exemption where firms may raise up to $75 million. Dalmore also enables companies to raise money using Reg D and Reg CF.
The company is very tech-focused and aims to simplify the capital-raising process in a securities crowdfunding offer. Dalmore has also attracted a growing number of repeat or serial issuers who return multiple times to raise money online.
According to Dalmore’s website, since it entered the sector, the company has helped over 1000 companies raise over $1 billion.