StartEngine Crowdfunding, Inc. announced that it has received $0.2001 million in funding
December 02, 2019
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StartEngine Crowdfunding, Inc. announced private placement of 26,880 common shares at a price of $7.5 per share for gross proceeds of $200,100 on December 3, 2019. The company has raised funding through crowd-funding platform truCrowd, Inc. from 139 investors. The minimum investment accepted is $502.50. The company will issue securities pursuant to exemptions provided under Regulation CF. The round is raised at a pre money valuation of $120,000,000. The company intended to issue up to 156,932 common shares.
StartEngine Crowdfunding, Inc. is focused on developing a startup financing model, which helps both accredited and non-accredited investors to invest in private companies on a public platform. The Company operates as a technology platform connecting issuers and investors, as a broker-dealer and as a Regulation Crowdfunding funding portal. Its offerings include Regulation A Offerings, Regulation Crowdfunding Offerings and Rule 506(c) Offerings. Its products and services include StartEngine OWNers Bonus, StartEngine Secure, StartEngine Premium, StartEngine Primary, StartEngine Secondary, StartEngine Assets and StartEngine Private. StartEngine Private provides accredited investors the opportunity to purchase membership interests in funds (SE Funds) which own shares of venture-capital backed, late-stage private companies. StartEngine Secure offers transfer agent services, which include tracking each investorâs account information and the amount of securities purchased and date purchased.