This week, I have been speaking to firms about hosting a Regulation D funding round and it appears that we are going to launch the new round on June 1st. We have decided to use MicroVentures.com for this round.
Once we make the final decision to go forward, the current 4 tiered funding round will end, cancelling the last tiers. We would be opening up the option of investing in Scrap Connection, Inc (Tradefox) to new accredited investors and the valuation cap for SAFEs or convertible notes would be raised considerably.
We are happy to have raised well over $200,000 in this round. If there is any current investor (no more friends and family, sorry) who wants to invest, please get in touch with me in the next few days. Please send me and email to firstname.lastname@example.org.
Minimum investment amount is $5,000 and you must be accredited.
I will announce the totals for this funding round as soon as it is closed and the funds are in.
Thank you all for your support. I think you are going to be very pleased with the developments in 2019.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 335 startups
Wefunder Advisors LLC
for 105 startups
for 3 startups
Curious how well the companies have done? Or how many raised follow-on financing?
Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
Join 556,447 investors who funded 422 startups with over $153 million1
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Wefunder Portal LLC.
Wefunder Inc. runs wefunder.com and is the parent company of Wefunder Advisors LLC and Wefunder Portal LLC. Wefunder Advisors is an exempt reporting adviser that advises SPVs used in Reg D offerings. Wefunder Portal is a funding portal (CRD #283503) that operates sections of wefunder.com where some Regulation Crowdfunding offerings are made.
Wefunder, Inc. operates sections of wefunder.com where some Regulation D and A offerings are made. Wefunder, Inc. is not regulated as either a broker-dealer or funding portal and is not a member of FINRA.
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