In 2015, Crowdfunding raised over $34 billion through over 1200 (!) crowdfunding platforms around the world. I haven't been able to track down all of these platforms, but crowdsourcing.org has a pretty good list. I have integrated information from several sources to update the crowdfunding list (see tab above) on this blog. I focused on the USA this time, although there are a few international platforms in there as well. The updated list here includes over 375 crowdfunding related sites.
For background: In October of 2015, the SEC passed Title III of the JOBS Act. (It only took 4 years, but at least it is something.) It is not clear what the ramifications of this will be, but here are a few recent developments to note:
- As of Jan 29th, crowdfunding sites are supposed to register with the SEC and be a member of FINRA.
- As of May 16th, 2016, companies can solicit equity crowd investment from non-accredited investors.
- The amount an unaccredited investor can invest is NOT unlimited. Here is the table of investment limitations provided by the SEC:
- Firms must disclose certain financial information depending on the amount raised. Here is the SEC summary (see sec.gov for full details):