This week, StartEngine CrowdFunding raised eyebrows across the entire blockchain sector after making the 2020 Inc. 5000 Series. The list shows the top 10 fastest growing companies in California over a two year period. The firm secured the tenth spot after showing a two-year growth of 1,418%. Consequently, this news demonstrates how fast the blockchain crowdfunding sector expanded over the last two years.
Importantly, StartEngine is the largest investment crowdfunding platform in the US. The platform has held a key position in the US market since its founding in 2014. StartEngine developers entered the market with the goal to democratize access to capital. Since that time, the firm raised over $100M for over 275 companies.
2020 Inc. 5000 Series
StartEngine making Top 10 on Inc’s 2020 Inc. 5000 Series is a huge deal. For one, this report is Inc.’s first annual ranking of America’s top businesses in California. Additionally, the firm needed to meet strict criteria to even receive consideration. Just to be eligible, firms must be U.S.-based, privately held, for-profit, and independent. Importantly, the actual ranking is according to the percentage of revenue growth experienced between 2016 to 2018.
A quick look at StartEngine’s growth and you can see why the firm was chosen. A recent report highlighted the developments in detail. The platform saw a 67% increase in funds invested. In 2019 alone, StartEngine saw total investments equaling $43,718,660. These funds come from 55,577 investments made on the platform, which is an increase of 99.5% over 2018.
Of all the statistics listed in the report, one piece of data really sums up the impact of the platform so far. The platform had 19 firms raise more than $1M in 2019. This number is even more impressive when you consider that the platform funded 145 startups that year in total. Companies are involved in AI, blockchain, augmented reality, IoT, gaming, and other verticals.
How StartEngine Works
Much of StartEngine success can be attributed to the firm’s inclusive approach to the market. Literally, anyone can become an angel investor using the platform. You can invest in startups for as little as $100. Consequently, this strategy lowers the entry barriers for new funding to enter the market. As such, it creates more liquidity.
How to Use Start Engine to Fund Your Company
StartEngine features a very easy interface. The platform allows you to create your investment pitch in the form of a web page. Here, investors can become familiar with your firm. Your concept, pitch, and webpage are how you raise capital on the platform. Additionally, businesses gain access to a strong community of like-minded entrepreneurs when they join.
StartEngine utilizes a number of different types of crowdfunding techniques to accomplish its task. In most instances, the firm files Reg CF and Reg A+ funding rounds. In certain scenarios, such as side-by-side offerings, StartEngine will also utilize Reg D funding.
Congrats and Well Deserved StartEngine
It would be hard to think of a team that deserves to make Inc’s 5000 series more than StartEngine. These developers continue to push the envelope in terms of technological and financial developments. You can expect to see this recognition provide StartEngine with even more momentum moving forward.