Platform Status
Focus
7%
StartEngine Primary, LLC
5%
Investing Portal Details
Leading equity crowdfunding platform in the US. They seek to help entrepreneurs achieve their dreams by democratizing access to capital. Founded in 2014 by CEO Howard Marks and Ron Miller Chairman (prev CEO).
Performance
Total funding stats stated on their website of Nov 2023
As stated on their website as of July 2024
- $1.2B raised for companies
- 1.8M StartEngine users
- 1000+ Successful Campaigns
- #2 in 2023 and 2024 for number of Reg CF offerings more from the Live data we provide >
- We detail feedback and tips from entrepreneurs raising on the platform
Features for Founders
- Monthly Demo Days
Features for Investors
- Investor Dashboard: to easily track investments.
- Dedicated support team
- Monthly Demo Days: opportunity for users and anyone else to hear pitches from and ask questions directly of companies raising.
Valuation and Self Financing
In 2022 to 2023 they raised $24,791,700 from 12,065 investors, at a stated valuation of $1.32B
Previous Reg A+ and Reg CF offerings totaled $59,000,000 prior to that latest round. This includes offerings conducted on other platforms and on different terms from the current offering.
In June 2018, StartEngine closed its first Reg A+ round, raising nearly $5 Million from 3,425 investors for itself.
Regulatory and Legal Entities
StartEngine Marketplace (“SE Marketplace”) is a website operated by StartEngine Primary, LLC (“SE Primary”), a broker-dealer that is registered with the SEC and a member of FINRA and SIPC. StartEngine Bulletin Board ("SE BB") is a platform that advertises interest in shares of private companies that previously executed Reg CF or Reg A offerings. SE BB enables shareholders to communicate interest in potential sales of shares in private companies and investors to discover, review, and potentially invest in private companies.
Legal Action and Fines
StartEngine was fined $350,000 by FINRA for issuer communications that were false or misleading and posted inaccurate counts of investors.
External Reviews
Peter Zaitsev has written about the challenges faced when companies raising shut down and the lack of communication after the initial round of money is raised. He references BOXX as one example.
The Team at Yieldtalk has them listed at 4/5 stars
Minimum required checks by regulators like background checks.
