Equity Crowdfunding in Review: April 2019
The following data covers Regulation Crowdfunding raises between May 16, 2016, and April 30, 2019. Data is sourced from all publicly disclosed Form C filings with the SEC, as well as public websites.
In April, companies raised $11.4M, slightly down from March’s record for the largest month of Reg CF funding ever with $11.8M raised. Regulation Crowdfunding continues a strong push this spring, and the Index grew 6% in April.
In total, companies have raised $198.9M via Regulation Crowdfunding, just shy of $200M.
California raised the most capital last month, with $3.7M raised. Utah followed with $1M, and Pennsylvania with $937K.
The Food & Beverage industry maintained its place at the top in April, raising just over $3M. Education followed, raising $989K, largely led by the successful raise of Generation Genius, a self-described “Netflix for the classroom,” that recently raised $1.07M on StartEngine.
Counties Using Regulation Crowdfunding
San Diego County raised the most capital in April, with $1.5M raised. Los Angeles County raised $1.2M and Weber County (outside Salt Lake City, Utah) raised $934K.
April’s 5 Largest Raises
StartEngine and Wefunder each had 2 of the top 5 raises in April. It’s exciting to note that all 5 raises came within $302 or less of the $1.07M maximum raise amount under Regulation Crowdfunding.
StartEngine In April
Generation Genius had a big month, raising $767K, the most capital raised by any Reg CF offering on StartEngine in April. Geopulse Explorations, otherwise known as CannCo, raised $139K, and Jet Token raised $138K.
Did You Know?
On average, companies had a 45% higher revenue in the past fiscal year if they were a corporation as opposed to an LLC.
Raising in Los Angeles
campaigns in progress, down 4 from the previous month
new offerings filed with the SEC, up 2 from the previous month
raised in April