Reg CF, the smallest securities exemption that supports investment crowdfunding, experienced a solid rebound in the month of June following a dismal first quarter and slow month of May.
As was reported last month, Q1 2026 generated 485 closed offerings in Q1 202 d5, just 258 offerings closed in Q1 2026 – almost half as many. Total capital commitments declined by 28% year-over-year to $87.8 million, down from $122 million in Q1 2025.
According to Kingscrowd, June numbers are better as Reg CF funding bounced back after a tepid May.
Reportedly, $27.9 million was raised using Reg CF in June 2026 a month-over-month change of 142.6% from May 2026 at $11.5 million and a year-over-year change of 10.3% from June 2025 $25.3 million.
The average funding per issuer in June stood at $82.1k, a 107.6% change increase from the prior month.
The top platforms in June were Equifund, Wefunder, Netcapital and Dealmaker which in aggregate accounted for about 76% of all funding activity. Dealmaker is not a marketplace model but enables issuers to raise money on their own domain or platform using their technology and compliance services.
The valuation of issuers averaged $38.8 million in June an increase of 1.9% over May and a 1.1% increase over year prior.
Most platforms enable the full stack of security exemptions which allow for online capital formation. Under Reg A an issuer may raise up to $75 million. Under Reg D 506c an issuer may raise an unlimited amount of funds but investors must be Accredited. An issuer using Reg CF may raise up to $5 million. There is an industry push to raise funding caps on both Reg CF and Reg. Legislation is pending to improve the definition of an Accredited Investor so a greater population of individuals may participate in this marketplace.