Unfortunately it looks like we didn't hit the minimum required amount for our raise. As a result the campaign will automatically be closed by Wefunder and all money returned to investors automatically.
Although this is of course disappointing, as I'm sure you can see from our recent press releases things are actually going quite well and we have many more exciting announcements coming soon. We have big plans with lots of international expansion as well as new applications. Wefunder has encouraged us to come back and try again when the company is further along and ready for a larger round, so hopefully there will be more opportunities for those of you who would still like to invest.
Thank you for all your trust in me and our company in your willingness to invest. I'd like to honor this trust by sending you some XtractMor swag, so just reach out to me if your interested. Please follow our progress on Twitter, Instagram and Facebook @Xtractmor and let me know if you have any questions or concerns.
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 251 startups
Wefunder Advisors LLC
for 98 startups
for 2 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 479,099 investors who funded 337 startups with over $119 million1
wefunder.com/updates/91207-minimum-not-met-but-the-party-continues is managed by
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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