Celebrating Over $200M Raised on StartEngine
Companies on StartEngine have now raised over $200M! To put this milestone into context, we wanted to talk about how much has changed since we raised our first $100M, a milestone we passed on July 28th, 2019.
Here are a few of the things that have happened In the 396 days since July 28th:
- We were named the 10th fastest growing private company in California in 2020, according to the Inc. 5000 Series List
- We signed a partnership with renowned businessman Kevin O’Leary, who is now our Strategic Advisor and a StartEngine investor
- We hired 16 new employees, bringing our total to 36 employees.
- We closed an $8.3M funding round for StartEngine itself, and we launched a new raise, which is already at $7.6M and counting.
But the thing that has changed the most in the past year is the daily investment activity on our platform. More people are investing more frequently than ever before. Let’s put that activity into perspective.
Amount Raised Over Time on StartEngine
It took 1,743 days to raise our first $100M. Our second $100M took only 396 days.
Another way to think about it is this. Between 2015 and July 28th, 2019, the companies on StartEngine raised funds at an average of $55.60 per minute. Between July 28th and now, they’ve raised an average of $175.36 per minute, and our platform has raised over $85M so far in 2020 alone.
The reason we’ve been able to grow so quickly is due to the investors on StartEngine.
Today, over 123,000 people have made an investment on StartEngine, and we are so grateful to each and every one of you for helping us reach this milestone.
As we welcome so many new investors, we also want to take a moment and give special thanks to our 15,000+ StartEngine Owners—our StartEngine shareholders—who are our most active users and have invested a combined $63.5M of that $200M into the companies on StartEngine.
So far, we have funded 439 campaigns from companies in 53 different industries, and as we grow, we are excited to bring a greater variety of investment opportunities to our platform and to you, our community.
Thank you for being a part of our story so far, and we are excited to continue our growth, to $300M raised and beyond.
And if you want to support that growth, you can invest in StartEngine itself and become a StartEngine Owner.
To learn more about StartEngine’s offering, please read our offering circular as well as risks related to the offering. This offering is made available via StartEngine Crowdfunding Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.