Total amount raised
$84M
Latest funding date
2023-08-16
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.
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 through multiple self-crowdfunding rounds and institutional 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: Equity Crowdfunding (Reg A+)
- Amount Raised: USD 4,898,120
- Date: June 2018
- Lead Investors: Not publicly disclosed (crowdfunded from ~3,000+ investors on StartEngine's own platform)
- Valuation at Round: USD 65,000,000
- Motivation Behind the Round: To enhance platform features and grow the user base.
- Round Name: Equity Crowdfunding (Reg CF)
- Amount Raised: USD 242,227
- Date: March 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 120,000,000
- Motivation Behind the Round: To support ongoing operations and growth.
- Round Name: Equity Crowdfunding (Reg CF)
- Amount Raised: USD 208,635
- Date: April 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 120,000,000
- Motivation Behind the Round: To scale the platform and increase market presence.
- Round Name: Equity Crowdfunding (Reg A+)
- Amount Raised: USD 18,934,533
- Date: November 2020
- Lead Investors: Not publicly disclosed (crowd investors on StartEngine platform)
- Valuation at Round: USD 190,000,000
- Motivation Behind the Round: To leverage the power of the crowd for further expansion.
- Round Name: Equity Crowdfunding (Reg CF)
- Amount Raised: USD 348,671
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: USD 190,000,000
- Motivation Behind the Round: To continue growing the platform's investor base.
- Round Name: Equity Crowdfunding (Reg A+)
- Amount Raised: USD 29,364,863
- Date: December 2021
- Lead Investors: Not publicly disclosed (crowd investors on StartEngine platform)
- Valuation at Round: USD 786,000,000
- Motivation Behind the Round: To support the company's growth, expansion, and new product development.
- Round Name: Equity Crowdfunding (Reg A+)
- Amount Raised: USD 24,789,475
- Date: November 2023
- Lead Investors: Not publicly disclosed (approximately 12,000 crowd investors participated)
- Valuation at Round: USD 1,320,000,000
- Motivation Behind the Round: To continue scaling the platform, fund the launch of StartEngine Private, and increase market presence.
Total Amount Raised: at least USD 84,286,524 based on disclosed funding. Current Valuation: Not publicly disclosed.
Key Investors
- KPCS Ventures
- Details: KPCS Ventures is a Gen Alpha-owned private equity and real estate group based in the Greater Los Angeles area. They focus on collaborative opportunities to enhance revenue streams across their portfolio.
- Investment Focus Areas: Private equity, real estate, technology
- Notable Investments: Not publicly disclosed
- Pario Ventures
- Details: Pario Ventures is a seed-to-Series A venture capital firm based in Cowes, Isle of Wight, UK, led by CEO David Murray-Hundley. They invest across all sectors, prioritizing execution-focused founders building capital-efficient, sustainable businesses.
- Investment Focus Areas: All sectors; seed and early-stage startups
- 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 joined StartEngine as a strategic partner in April 2020 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 that participated as lead investor in StartEngine's January 2016 undisclosed funding round. Further 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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