StartEngine Crowdfunding

The Future of Investing Is Here

Analytics

Raised to Date: $348,221

Aggregate Commitments $
Platform

TruCrowd

Start Date

05/01/2020

Close Date

04/30/2021

Min. Goal

$10,000

Max. Goal

$370,170

Min. Investment

$506

Security Type

Equity - Common

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$190,000,000

Weekly Commitments $
Status

Active

Reporting Date

10/28/2020

Days Remaining

182

% of Min. Goal

3,482%

% of Max. Goal

94%

Likelihood of Max
Avg. Daily Raise

$1,935

# of Investors

261

Momentum
Location

West Holywood, CA

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

StartEngine Crowdfunding, with a pre-money valuation of $190 million, is raising funds on TruCrowd. It is a crowdfunding platform that allows people to invest in startups and early stage companies. At the same time, the entrepreneurs also get the opportunity to raise funds from the public through StartEngine Crowdfunding. StartEngine Crowdfunding was founded by Howard Marks and Kevin O’Leary in 2015. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $370,170, will be used to launch more companies, hire top talent, and fund the launching of a secondary trading platform for investors. StartEngine Crowdfunding has already helped over 325 companies raise more than $125 million of funding to grow and expand their business. The platform makes money through campaign success fee, campaign management fee, and equity in the companies raising funds.

Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$4,323,791

$4,682,528

COGS

$2,106,293

$2,936,648

Tax

$13,167

$17,070

 

 

Net Income

$-4,012,954

$-4,600,495

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$2,200,337

$567,375

Accounts Receivable

$785,440

$298,933

Total Assets

$3,921,757

$2,897,897

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
12/31/2020 StartEngine $190,000,000 $18,922,690 Equity - Common Active RegA+
04/30/2021 TruCrowd $190,000,000 $348,221 Equity - Common Active RegCF
04/30/2020 TruCrowd $120,000,000 $208,635 Equity - Common Confirmed Closed RegCF
03/12/2019 TruCrowd $120,000,000 $242,227 Equity - Common Confirmed Closed RegCF
06/27/2018 StartEngine $0 $ Common Stock Confirmed Closed RegA+

Ratings

last updated 10/29/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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