StartEngine has published their tally of Reg CF crowdfunding campaigns for the month of September. According to their numbers published on their StartEngine Index, September showed a solid increase in total raised on active CF funding portals. StartEngine reports that $8.7 million was raised under… Read More
truCrowd, an online investment platform that offers crowdfunding using the Illinois state securities exemption, is currently promoting new offerings. The two companies are AirChicago and Art of Fun, both Chicago area businesses. According to earlier reports, AirChicago previously raised funding on truCrowd so this appears… Read More
StartEngine posts a weekly blog update regarding the state of Reg CF (or Regulation Crowdfunding). This is the smallest of the three crowdfunding exemptions and allows companies to raise up to $1.07 million. While the industry is still maturing, and expectations are for Congress to… Read More
Illinois has its first intrastate crowdfunding success. The new securities rule was enacted in 2016 the first offering apparently did not go well but this week we have heard that AirChicago Holdings has successfully raised money on truCrowd. According to truCrowd, AirChicago Holdings took 5… Read More
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
“Them that’s got shall get / Them that’s not shall lose / So the Bible said”… and is it still news? Raising significant amounts of capital has never been easy for anyone. For some, it has been a higher hurdle than for others. The… Read More
Fundanna is the first investment crowdfunding portal targeting the Cannabis industry to be approved by FINRA and the SEC to issue securities under Reg CF. Fundanna is the newest brand from Chicago-based truCrowd. Fundanna is looking to leverage the emerging retail Cannabis market that is expected… Read More
Last time we provided an update on the Reg CF crowdfunding sector and approved funding portals there were 17 in operation. Today that number has increased to 21 FINRA approved platforms with several notable updates. Reg CF was created under Title III of the JOBS… Read More
Title III of the JOBS Act created a new securities exemption that allowed equity crowdfunding for non-accredited investors. This new exemption, also called Reg CF, may be viewed as another step in the capital ladder to complement Title II of the JOBS Act (accredited crowdfunding)… Read More
Equity crowdfunding platform TruCrowd announced on Wednesday it has appointed former 1871 senior vice president, George Vukotich, Ph. D., as its new chief operating officer (COO). Vukotich is notably co-founder of TruCrowd and was recently appointed by State of Illinois Governor Bruce Rauner to the Board of Trustees… Read More
On Tuesday, equity crowdfunding platform TruCrowd announced that it has received approval from the FINRA to become a funding portal for Title III offerings. Under the Title III rules, which went into effect on Monday, the general public may now invest in capital raising by start-up… Read More
On Monday, equity crowdfunding platform, truCrowd, announced that three companies are now ready to accept Texas non-accredited and accredited investors. Taking advantage of the relatively new Texas crowdfunding exemption, the state’s non-accredited investors can now invest up to $5,000 in any equity offerings and become… Read More
truCrowd Texas, officially announced its application has been approved by the Texas State Securities Board. They are now legally registered as a Texas equity crowdfunding portal (TCP) and open for business. truCrowd enables local startups and businesses from any industry to raise up to $1 million per… Read More
Electronic payment solution MyECheck has contracted with Chicago based truCrowd for its e-check payment service. truCrowd describes itself as the “first funding portal for non-accredited investors”. truCrowd is focusing on Title III of the JOBS Act which is the portion of the bill that legalizes… Read More
truCrowd and Zacks CF Research have partnered up to bring independent valuation reports to companies seeking to raise money from non-accredited investors. “We’re pleased to announce this partnership. We look forward to working with truCrowd to bring additional transparency to the companies [that] choose truCrowd… Read More
Crowdfunding portal truCrowd, has partnered with Electronic Verification Systems (EVS) to help improve their overall identity verification process for their investors and issuers. IdentiFraud Consumer will help ensure users are who they claim to be through identity verification and KBA. truCrowd will also use the EVS… Read More
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