StartEngine’s 2024 Year In Review

January 17, 2025 • 6 Min Read

StartEngine’s 2024 Year In Review

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By The StartEngine Team

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Learn about the numbers and trends behind StartEngine’s milestone year.

 

Our New Year’s resolution for 2025? Do more of what worked in 2024.

StartEngine raised $143 million, including for ourselves, across 244 private and crowdfunding launches, both up year over year.

We also launched a number of new features for founders:

  • New campaign launch process helping companies launch in as little as 2 weeks (as opposed to 2+ months previously)
  • More flexible marketing for companies by utilizing our broker dealer
  • Launch of white label fundraising solution, paving the way for companies to raise on both our platform and their self-branded page
  • A custody solution for cap table management, allowing 1-line cap tables for CF & A+ issuers

See below to learn about some of the biggest fundraises on StartEngine over the past year, and the rising industry trends investors are most excited about.

 

 

StartEngine Private1

In Q3 2023, we launched StartEngine Private to offer accredited investors exposure to well-known, venture-backed companies.

We hit the ground running in 2024 with $27 million raised across 36 Series.

These offerings provided exposure to household names like Epic Games, Fanatics, and Liquid Death — as well as leading companies in the AI space like ChatGPT competitor Perplexity.

Series Databricks was our biggest private offering of the year. Investors committed $2.4 million for exposure to this AI and data analytics heavyweight, which raised the largest VC round of 2024 (and one of the biggest in history).2 This VC round was raised outside of StartEngine.

There is no guarantee this growth will continue or the company will be profitable.

We also launched our first funds on StartEngine Private, including our A.I. Chip Fund. Investors committed over $2 million to the fund for exposure to six private companies developing cutting-edge GPU, LPU, and marketing technologies — all with just a single investment.

Multiple individual AI offerings also passed the $2 million mark, including Series Groq (an AI chip developer); Series Sambanova (an enterprise AI solution); and Series Cerebras (an AI supercomputer).

There is no guarantee this growth will continue or the company will be profitable.

 

Equity Crowdfunding

Equity crowdfunding remains a core tenant of StartEngine’s platform. We’re connecting 1.8 million users with the chance to back exciting startups early — without the million dollar commitments.3

In 2024, our community continued to take advantage of those opportunities.

Companies on StartEngine raised over $121 million dollars, including more than $86 million from Reg CF and $35 million from Reg A+ offerings. According to data from Kingscrowd, that total topped combined Reg CF and Reg A+ funds raised on competitor platforms Wefunder (Reg CF: $100 million; Reg A+: $0) and Republic (Reg CF: $24 million; Reg A+: $0) in 2024.

Kingscrowd data reflects commitments, actual investments may vary. Past performance is not indicative of future results, and investments carry risks, including loss of principal.

With 52,786 commitments from investors across 236 launches, we saw some key industry trends emerge:

IoT

Devices are becoming more connected than ever, driving demand for IoT (Internet of Things) solutions that meet the needs of our evolving technology. The global IoT market was valued at $714 billion in 2024 and could reach $4 trillion by 2032.4

There is no guarantee this growth will continue and future results are subject to variable factors.

Atombeam is developing AI software technologies that are force multipliers for machine data communications, enabling up to 2-4x more data to be sent over existing networks with the potential for added security. The company’s latest fundraise attracted more than 5,000 investors in 2024, who had committed over $15 million — including $750K in 24 hours alone.

Other Notable Raises

  • LUMEOVA is developing ultra-fast wireless connectivity utilizing patented optical technology.

Food & Beverage

Finding new and better ways to eat will never go out of style. That’s why the global food and beverage market is projected to surpass $7.4 trillion by 2027.5 StartEngine continues to host offerings for several startups aiming to make what we eat and drink more convenient, more nutritious, or just more fun — and sometimes all of the above.

There is no guarantee this growth will continue and future results are subject to variable factors.

Smart Cups raised over $3.5 million across two offerings for its patented delivery system. The company creates sustainable consumer packaged products by eliminating liquid through the use of novel microencapsulation printing.

Other Notable Raises

  • Blackout Coffee is an online specialty roasting company known for fresh, premium coffee.
  • Blender Bombs is a superfood ball that transforms smoothies into a delicious meal.
  • Immigrant Food is combining delicious gastronomy with innovative social advocacy.

Alcohol

What’s a good meal without a nice drink (alcoholic or not)? The global alcohol market remains a large slice of the food and beverage space, with an estimated market size of $2 trillion by 2031.6 Meanwhile, demand for alcohol alternatives is projected to grow significantly over the next decade, from $325.8 million in 2023 to $706.7 Million by 2033.7

There is no guarantee this growth will continue and future results are subject to variable factors.

Kuleana Spirits raised $2.1 million on StartEngine in 2024 for its award-winning and sustainable rums using fresh cane juice and regenerative farming.

Other Notable Raises

  • Copperworks is a craft distillery with a tasting room on the Seattle waterfront.
  • Holidaily Brewing is redefining the beer experience for those with gluten sensitivities.
  • Mother Road is brewing distinguished beers and building community in Arizona.
  • Mutiny Island is a premium vodka crafted from breadfruit, a sustainable, island-grown superfood.

BioTech

Improving human health and longevity will always be a major challenge that entrepreneurs aim to solve with disruptive startups. Already a $1+ trillion industry, the biotech space is projected to reach $5.6 trillion within the next decade.8

There is no guarantee this growth will continue and future results are subject to variable factors.

Turn Therapeutics raised $4.6 million on StartEngine in 2024 to further develop solutions for moderate to severe eczema and onychomycosis. Led by CEO Bradley Burnam, the company has bootstrapped its way to an up to $70+ million license deal, three FDA clearances, and 200,000+ patient uses.

Other Notable Raises

  • Cytonics is aiming to develop one of the first disease-modifying treatments for Osteoarthritis.
  • Deverra is a clinical-stage company committed to providing universal donor treatments.
  • Epi One is a diagnostic testing platform aiming to detect cancer early enough to cure.

Modular Housing

The home of tomorrow might not be a house at all. The rise of modular homes is born out of the demand from homeowners for flexible and customizable options with a streamlined production process — driving a market that’s projected to reach $139 billion by 2029.9

There is no guarantee this growth will continue and future results are subject to variable factors.

BOXABL raised $5.9 million on StartEngine in 2024 to help fund its building system that’s compatible with scalable factory mass production. The company’s mission is to significantly lower the cost of homeownership for everyone.

Other Notable Raises

  • Cmax System is an Industrial-Scale Housing Solution with multi-purpose uses.

 

 

Looking Ahead to 2025

We’re thrilled that our growing community of 1.8 million users has continued to show strong support for our investment offerings and StartEngine’s platform and mission.2

Our goal is to continue our momentum into 2025 and beyond to support fledgling startups and established private companies alike. We hope you consider joining us.

 

 

DISCLAIMERS & FOOTNOTES

Investing in securities offered through our platform involves significant risks, including the potential loss of your entire investment. These investments are highly speculative, illiquid, and may not be suitable for all investors. There is no guarantee that any investment will achieve its objectives, generate returns, or appreciate in value.

References to historical data, past performance, or prominent companies are provided for informational purposes only and should not be construed as indicative of future results. The success of prior offerings or the performance of similar companies is not a predictor of success for any investment opportunity available on this platform. Investors are strongly encouraged to conduct their own due diligence and consult with their legal, tax, and financial advisors before making any investment decisions.

1. The underlying companies held by StartEngine Private Funds LLC, and StartEngine Private LLC (together, “StartEngine Private”) are not participating or involved in the offering. The availability of company information does not indicate that the company has endorsed, supports or otherwise participates with StartEngine Private or any of its affiliates. StartEngine Crowdfunding LLC purchases shares from current and former employees, early investors, and advisors of the companies and sells the shares to StartEngine Private for each offering. When you make an investment in a company on StartEngine Private, you are purchasing an interest in a series of StartEngine Private Funds LLC or StartEngine Private LLC, each a Delaware limited liability company (together the “Series LLCs”), which were created to hold shares of privately held companies. An investor will not directly own or hold shares of the private company but instead will own member interests in a series of the Series LLCs, which either directly or indirectly, will hold shares in the company. There may not be a one-to-one economic parity on the value of the Series LLCs interests and the underlying shares.

2. Source: Marlize van Romburgh, “Databricks Raises $10B In 2024’s Largest Venture Funding Deal,” Crunchbase News, December 17, 2024

3. User count is determined as the number of unique email addresses in StartEngine’s database as of 08-27-2024. One individual may have more than one email address.

4. Source: Fortune Business Insights, “Internet of Things (IoT) Market Size, Share & Industry Analysis, 2024-2032,” Updated December 30, 2024

5. Source: IndustryARC, “Food & Beverages Market - Forecast(2025 - 2031),” Accessed January 14, 2025

6. Source: Allied Market Research, “Alcoholic Beverages Market Research, 2031,” February 2023

7. Source: Allied Market Research, “Non-alcoholic Spirits Market Research, 2033,” August 2024

8. Source: BioSpace, “Biotechnology Market Size to Reach USD 5.68 Trillion by 2033,” April 3, 2024

9. Source: Bruno Jacobsen, “Are Modular Homes the Future?,” Futures Platform, Mar 10, 2024

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IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.

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1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.

Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice concerning any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy, or completeness of any information. Neither StartEngine nor any of its officers, directors, agents, and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site.

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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 the SIPC.

StartEngine Secondary (“SE Secondary”) is our investor trading platform. SE Secondary is an SEC-registered Alternative Trading System (“ATS”) operated by SE Primary that matches orders for buyers and sellers of securities. It allows investors to trade shares purchased through Regulation A+, Regulation Crowdfunding, or Regulation D for companies who have engaged StartEngine Secure LLC as their transfer agent. The term “Rapid,” when used in relation to transactions on SE Marketplace, specifically refers to transactions that are facilitated on SE Secondary, This is because, unlike with trades on the StartEngine Bulletin Board (“SE BB”), trades on SE Secondary are executed the moment that they are matched.

StartEngine Bulletin Board (“SE BB”) is a bulletin board platform on which users can indicate to each other their interest to buy or sell shares of private companies that previously executed Reg CF or Reg A offerings not necessarily through SE Primary. As a bulletin board platform, SE BB provides a venue for investors to access information about such private company offerings and connect with potential sellers. All investment opportunities on SE BB are based on indicated interest from sellers and will need to be confirmed. Even if parties express mutual interest to enter into a trade on SE BB, a trade will not immediately result because execution is subject to additional contingencies, including among others, effecting of the transfer of the shares from the potential seller to the potential buyer by the issuer and/or transfer agent. SE BB is distinct and separate from SE Secondary. SE Secondary facilitates the trading of securities by matching orders between buyers and sellers and facilitating executions of trades on the platform. By contrast, under SE BB, SE Primary assists with the facilitation of a potential resulting trade off platform including, by among other things, approaching the issuer and other necessary parties in relation to the potential transaction. The term “Extended”, when used in relation to transactions on SE Marketplace denotes that these transactions are conducted via SE BB, and that these transactions may involve longer processing times compared to SE Secondary for the above-stated reasons.

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