Tagged: regulation cf

Storm Sondors Files Two Reg A+ Offers: One for Electric Cars, One for Electric Bikes

Storm Sondors, the founder of the Sondors eBike company that has ridden to success on rewards based funding platforms, has filed to Form 1-As with the SEC.  Each filing represents a different crowdfunding offer. The first offer, which was initially messaged during Sondor’s Electric Car… Read More

Is Momentum Increasing for Crowdfunding Under Reg CF?

Recently the total amount of Reg CF (or Regulation Crowdfunding) issuers successfully funded topped $40 million. According to the data dashboard on NextGen Crowdfunding, total amount of investor commitments has now topped $46 million. The rule created by the JOBS Act that allows companies to… Read More

Crowdfunding Portal for Cannabis Fundanna Files to Raise $2 Million

Fundanna, part of TrueCrowd, has filed a Reg D (506c) with the SEC indicating its intent to raise up to $2 million in a SAFE with revenue participation.  Investors may participate starting at $2500. This is the initial filing with the first sale yet to… Read More

Celebrity Fashion Designer YeKim Lists Investment Offer on Republic

YeKim, a company that started as per-request service exclusively for celebrity clients, then moved on to ready to wear, is now available to the public. And not just the clothing. YeKim has listed a Reg CF crowdfunding offer on Republic for a Crowd Safe investment…. Read More

How to Blow Your Regulation Crowdfunding Offering: Advertising and Promoters

Regulation Crowdfunding (Reg CF), which allows for true equity crowdfunding by small businesses and start-ups, has been in effect for over a year now. The amount of capital raised since Reg CF was launched last year has been steadily increasing as well as the number… Read More

NextSeed Now Has Offices in Los Angeles & San Francisco as it Expands its Crowdfunding Service

Earlier this week while reviewing the status of NextSeed’s crowdfunding offers I noticed the company is expanding its physical presence beyond Texas. After confirming with the platform, NextSeed now has an office in both San Francisco and Los Angeles. Their HQ is based in Houston… Read More

NextSeed Crowdfunding: Out of 21 Successful Reg CF Offers, 13 are Food Related

NextSeed, a Reg CF crowdfunding platform based in Houston, Texas, has successfully funded every issuer it has listed on its platform. As far as we know, there are only two other Reg CF platforms that can claim the 100% funded accomplishment today. NextSeed is a… Read More

Investment Crowdfunding: Is a SAFE Safer than the SEC Thinks?

Not too long ago the SEC came out with an Investor Bulletin, emanating from the Office of Investor Education and Advocacy, regarding the utilization of SAFEs as an investment vehicle on crowdfunding platforms. The SEC stated; “Some issuers have been offering a new type of… Read More

Napa Valley Distillery Raises Growth Funding on Indiegogo / Microventures

Napa Valley Distillery (NVD), a family owned and operated distillery based in Napa (of course), is currently raising growth capital on Indiegogo’s investment crowdfunding vertical. The company is capitalizing on recent trends in the distillery business demonstrating growing demand. From 2010 to 2015, the number of craft… Read More

There are Now 29 FINRA Regulated Reg CF Crowdfunding Portals

The number of FINRA approved and regulated crowdfunding portals has been inching higher. Today, there are 29 different Reg CF crowdfunding platforms each targeting the new securities exemption created under the JOBS Act 0f 2012. At the beginning of 2017, that number stood at 22… Read More

House Approves Financial CHOICE Act, the Dodd-Frank Replacement

Dodd-Frank has proven to be a horrible act of legislation. A reactionary swipe directed towards the financial services industry following the calamity known as the Great Recession, many portions of the law have not yet been fully enacted. The new regulations are simply too convoluted… Read More

International Investors: Can US Crowdfunding Platforms Accept Foreign Money?

Some crowdfunding platforms are accepting money from international investors. First, to clarify, is is allowable under US regulations but there are caveats to the rules. In the US, there are three different securities exemptions where you can publicly promote your offerings online: Reg D (506c),… Read More

Minimizing Potential Litigation & Regulatory Risks for Crowdfunding Platforms

Crowdfunding regulations were enacted with the goal of providing small businesses access to capital without imposing arduous registration and disclosure burdens.[i]  In that regard, the regulations have shown significant promise. Commentators have rightfully highlighted the substantial benefits to both issuers and investors based on their… Read More

HelloMD’s Crowdfunding Offer on SeedInvest Receives $200,000 Boost from “Selections Fund”

HelloMD has received a significant boost from SeedInvest’s “Selections Fund”. HelloMD announced that is has received $200,000 from the Fund in addition to the already $900,000 committed to the crowdfunding offer on SeedInvest. HelloMD is a digital healthcare platform in the fast growing market of… Read More

Sondors Electric Car Lists Reg D Offer to Raise $20 Million on StartEngine

Sondors Electric Car Company has listed another crowdfunding campaign on StartEngine – this time targeting accredited investors under Reg D 506c (Title II of the JOBS Act). Previously, Sondors raised $1 million under Reg CF rules. Under Reg CF, issuing firms have the ability to… Read More

NextSeed: A Community-Driven Small Business Fundraising Platform Utilizing Crowdfunding Laws

NextSeed CEO Youngro Lee shares what is working & what is not under Reg CF. NextSeed was the very first, crowdfunding portal to receive FINRA approval. But the investment crowdfunding platform was honing its skills and processes under the Texas intrastate crowdfunding exemption before Reg… Read More

FlashFunders Sold to UK-based Boustead & Co.

Full stack crowdfunding platform FlashFunders has been sold to Boustead & Co. While no official announcement has been made, social media profiles are being updated to reflect the transaction. Co-founded by Vincent Bradley and Brian Park, FlashFunders was one of the first Regulation Crowdfunding portals… Read More

Guzik Welcome’s Congressman McHenry’s Letter to SEC But Believes More Needs to Be Done

Sam Guzik, a securities attorney and Crowdfund Insider Senior Contributor, has shared his perspective on Congressman Patrick McHenry’s letter to SEC Chair Jay Clayton. Guzik welcomes, McHenry’s requests but believes more needs to be done; “I applaud the unrelenting and tireless efforts of Congressman McHenry… Read More

Congressman Patrick McHenry Asks SEC Chair Jay Clayton to Act & Fix Crowdfunding Rules

Once again, crowdfunding’s white knight rides into action. Congressman Patrick McHenry sent a letter to the newly sworn in Chairman of the U.S. Securities and Exchange Commission Jay Clayton outlining certain provisions of the regulations relating to Title III of the JOBS Act that need… Read More

Is Your Crowdfunding Portal Ready For Your First FINRA Exam?

With the one year anniversary of Crowdfunding under Regulation Crowdfunding occurring on May 16th, business executives and compliance officers at registered Crowdfunding Portals (CFPs) should be actively preparing for their first regulatory examination by the Financial Industry Regulatory Authority (FINRA).   FINRA’s 2017 exam cycle… Read More