The StartEngine Index: November 2017
The following data covers Regulation Crowdfunding raises between May 16, 2016, and November 30, 2017. Data is sourced from all publicly disclosed Form C filings with the SEC, as well as public websites.
The Index increased by 10% this month, up 4% from last month. Since inception, the Index has grown steadily month-to-month. To date, companies have raised over $76.6 million.
The net increase this month is +$8 million.
The top raise in November is from Waverly Labs on the StartEngine platform. Waverly reached the maximum for Regulation CF in less than 72 hours. Also notable this month is Edisun, founded by Bill Gross who is also the CEO at Idealabs.
This month, technology eclipsed food and beverage companies to take up 37% of the overall capital raised.
State of Operation
Since inception, California has led the industry with the most dollars raised in Regulation Crowdfunding ($31.5 million), followed by Texas ($10.5 million) and New York ($6.1 million).
In November, the rates followed a similar course, with 42% of raises coming from California and 32% coming from New York. Only 7.3% of raises came from Texas this month.
County of Operation
As you may expect then, the center of the urban hubs are performing well. This month, 26% of the total amount raised in the United States came from Los Angeles County. Kings County (Brooklyn) rounded out at 18.5%,most of which is due to the Waverly Labs raise.
In the month of November, SeedInvest raised the most capital with $2,135,801 with a 36% market share followed very closely by StartEngine with $2,108,193.
In third place for the first time is Wefunder with $842,834. This demonstrates the consolidation of the marketplace with the top three portals controlling 87% of all of the funding.
Raising in Los Angeles
LA continues to be the county to watch when it comes to Regulation Crowdfunding. Not only has the most capital been raised for companies in Los Angeles county ($8.3 million), but surrounding areas like Orange County, and San Diego County are high performers as well.
Los Angeles County by the Numbers
campaigns in progress — up 6 from last month.
new campaigns submitted to the SEC in November.
raised in November.
The StartEngine ICO 2.0 Summit
Entrepreneurs, lawyers, and investors alike gathered in Santa Monica this month for StartEngine’s ICO 2.0 Summit. The event, which sold out to more than 500 attendees, helped to define Los Angeles as a leader in alternative funding industries.
At the event, 15 companies pitched their ICOs and Pre-ICOs. StartEngine leads the industry with 6 ICO or pre-ICO campaigns live right now.