Total amount raised
$21.8 Million
Latest funding date
1/1/2020
Location
StartEngine has participated in 8 funding rounds, attracting investments from key players like KPCS Ventures and Pario Ventures. The platform allows individuals to invest in startups and collectibles, providing a secure way to create an account, browse opportunities, and make investments.
Keep reading to explore the intricacies of StartEngine's fundraising journey and the investors backing this innovative platform.
What Is StartEngine?
StartEngine is an equity crowdfunding platform based in Los Angeles, California. Operating within the crowdfunding, finance, financial services, FinTech, and funding platform industries, the company enables individuals to invest in and own shares of startups and early-stage businesses.
With a workforce of 101-250 employees, StartEngine has raised funding over multiple rounds and made numerous investments. The platform aims to democratize investment opportunities, allowing both accredited and non-accredited investors to participate in the financial growth of startups and collectibles.
How Much Funding Has StartEngine Raised?
- Round Name: Undisclosed
- Amount Raised: Not publicly disclosed
- Date: June 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and support initial operations.
- Round Name: Undisclosed
- Amount Raised: USD 5,500,000
- Date: January 2016
- Lead Investors: SE Agoura Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach.
- Round Name: Undisclosed
- Amount Raised: USD 4,899,170
- Date: June 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and user experience.
- Round Name: Undisclosed
- Amount Raised: Not publicly disclosed
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and growth.
- Round Name: Undisclosed
- Amount Raised: USD 8,300,000
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and increase market presence.
- Round Name: Equity Crowdfunding
- Amount Raised: USD 18,908,925
- Date: October 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To leverage the power of the crowd for further expansion.
- Round Name: Equity Crowdfunding
- Amount Raised: USD 50,000,000
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and expansion.
- Round Name: Undisclosed
- Amount Raised: Not publicly disclosed
- Date: August 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and enhancing the platform.
Total Amount Raised: USD 87,608,095. Current Valuation: Not publicly disclosed.
Key Investors
- KPCS Ventures
- Details: KPCS Ventures is a venture capital firm known for investing in early-stage startups. They focus on providing strategic support and capital to innovative companies.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Not publicly disclosed
- Pario Ventures
- Details: Pario Ventures is an investment firm that specializes in funding high-growth potential startups. They aim to foster innovation and support entrepreneurial ventures.
- Investment Focus Areas: FinTech, renewable energy, biotechnology
- Notable Investments: Not publicly disclosed
- Kevin O'Leary
- Details: Kevin O'Leary, also known as "Mr. Wonderful," is a prominent investor and television personality. He is affiliated with StartEngine and is known for his investments on the show "Shark Tank."
- Investment Focus Areas: Technology, consumer goods, financial services
- Notable Investments: Not publicly disclosed
- SE Agoura Investment
- Details: SE Agoura Investment is a private investment firm. Specific details about the firm are not publicly disclosed.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for StartEngine?
StartEngine is poised for significant growth, driven by its ongoing self-crowdfunding round and the launch of a new trading platform. The company is offering up to 2,407,408 shares of Common Stock, with a potential to raise up to $55 million. This opportunity is bolstered by the recent increase in fundraising limits under Regulation CF and Regulation A, allowing for larger future rounds.
As StartEngine continues to expand, it faces the challenge of navigating a competitive crowdfunding and fintech landscape. Regulatory changes and compliance requirements could also impact its operations. However, with a 190% growth in the past year and 500,000 users, the company is well-positioned to leverage these opportunities and overcome potential hurdles.
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