Back to Blog
StartEngine is an equity crowdfunding platform where startups can raise money from retail investors. This is really important as retail investors were not allowed to invest in startups for a long time. Thankfully, retail investors can invest in startups now, and companies like StartEngine are making it easier for them to do so. I believe that this is a great thing, and while I do not own any shares of the company myself at time of writing, I will mention that StartEngine is currently raising money on their own platform at a $1.32 billion valuation.
StartEngine is buying their competitor SeedInvest from parent company Circle. As part of the terms of the deal, Circle will own a minority stake in StartEngine. I think that this was a genius decision for StartEngine. SeedInvest has around 700,000 investors currently using their platform that StartEngine has the chance to add to their 1 million users. SeedInvest also has had $470 million dollars raised on its platform so far while StartEngine has had $650 million raised.
StartEngine will now be able to put startups in front of more people than they were able to before, and I believe that this will give those investors the opportunity to invest into more companies. StartEngine and SeedInvest together have seen 37 exists with the startups on their platforms.
StartEngine is ran by CEO Howard Marks who one may know as the founder of Activision. Shark Tank's Kevin O'Leary is also a strategic investor for StartEngine and a big focus on their marketing.
The crowdfunding space is growing very quickly and by buying SeedInvest, StartEngine is in an even better position to grow in the market.
Join our email list so that you never miss an article!
Also, download the investing app SoFi through our link and get $25 for free when you invest $10.
Download here - https://www.sofi.com/invite/invest?gcp=3cf3452a-7a65-41c8-b2d4-dc3752d20d92&isAliasGcp=false