Total amount raised
$21.8 Millions
Latest funding date
January, 2020
Location
StartEngine has successfully raised significant funding through multiple rounds, establishing itself as a prominent player in the equity crowdfunding space. The platform enables individuals to invest in startups and early-stage businesses, offering a unique opportunity to own shares in emerging companies.
Keep reading to explore the intricacies of StartEngine's fundraising journey and the investors backing this innovative platform.
What Is StartEngine?
StartEngine, founded on January 1, 2014, is an equity crowdfunding platform based in Los Angeles, California. The company enables individuals to invest in startups and early-stage businesses, offering a unique opportunity to own shares in emerging companies.
Founded by Howard Marks, Paul Kessler, and Ronald Miller, StartEngine has grown to employ between 101 and 250 people. The platform caters to various sectors, including media, healthcare, software, and cleantech.
StartEngine's mission is to democratize access to capital, allowing everyday investors to support and benefit from the growth of innovative startups. The platform offers equity, debt, revenue shares, or royalties through crowdfunding.
How Much Funding Has StartEngine Raised?
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: June 1, 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial capital to launch the platform and begin operations.
- Funding Round
- Amount Raised: $5.5M
- Date: January 10, 2016
- Lead Investors: SE Agoura Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and increase user acquisition.
- Funding Round
- Amount Raised: $4.9M
- Date: June 15, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and support marketing efforts.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: February 5, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and improve user experience.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: May 9, 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and platform development.
- Funding Round
- Amount Raised: $8.3M
- Date: March 12, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance technological infrastructure.
- Equity Crowdfunding
- Amount Raised: $18.9M
- Date: October 2, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and expand the platform's offerings.
- Equity Crowdfunding
- Amount Raised: $50M
- Date: December 10, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance its trading platform.
- Funding Round
- Amount Raised: Not publicly disclosed
- Date: August 16, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and improving platform features.
- Funding Round
- Amount Raised: $697.2K
- Date: November 30, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational growth and technological advancements.
- Funding Round
- Amount Raised: $600.8K
- Date: December 28, 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and user experience.
- Funding Round
- Amount Raised: $1.9M
- Date: January 2, 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion and technological improvements.
- Funding Round
- Amount Raised: $259.5K
- Date: July 23, 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue growth and enhance platform features.
Total Amount Raised: $91.16M. Current Valuation: Not publicly disclosed.
Key Investors
- SE Agoura Investment
- Details: SE Agoura Investment is a private investment firm known for its strategic investments in early-stage companies. The firm has a history of supporting innovative startups with high growth potential.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: StartEngine, Company B, Company C.
- Kevin O'Leary
- Details: Kevin O'Leary, also known as "Mr. Wonderful," is a prominent investor and television personality. He is known for his role on the TV show "Shark Tank" and his investments in various startups.
- Investment Focus Areas: Financial technology, consumer goods, media.
- Notable Investments: StartEngine, Company X, Company Y.
- Individual Investors
- Details: Thousands of individual investors have contributed to StartEngine's funding rounds. These investors are typically everyday people looking to support and benefit from innovative startups.
- Investment Focus Areas: Various sectors depending on individual preferences.
- Notable Investments: StartEngine, Company A, Company B.
What's Next for StartEngine?
StartEngine stands at the cusp of significant growth opportunities, driven by its recent Reg A+ funding round. With the potential to raise up to $55 million, the platform is poised to expand its services, including StartEngine Secure and StartEngine Assets. The increase in regulatory limits for crowdfunding further amplifies these opportunities, allowing StartEngine to attract more individual investors and broaden its market reach.
Future fundraising efforts are likely to capitalize on these expanded limits, enabling StartEngine to pursue larger rounds and enhance its technological infrastructure. However, the company must navigate challenges such as increasing competition and potential regulatory changes. Maintaining investor interest and sustaining growth in a competitive market will be crucial for StartEngine's continued success.
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