Wefunder was the largest crowdfunding platform in 2022 with nearly 40% of the market share in regulation crowdfunding and they are continuing to grow their community of investors. Here are a few things to keep in mind if you are thinking of raising capital for your company on Wefunder.
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Platform Fees
- %7.5 performance fee of a >$5M raise.
- $375K for Reg A+
- Lead investor has to at least invest $5000 in the company
Industry
- Very diversified into all fields
- New focus on startups and CPG
Requirements
- You will need 2 years of financials in GAAP format and a CPA Review Statement/ Independent Auditor’s Report
- Need a lead investor and reservations
Success & Sizing
- Total, over $5 billion dollars of venture capital has been invested in companies first funded on Wefunder.
- ~39% market share in 2022 in Reg CF raises
Raises
- Here: Currently raising over $4.6M USD – $30M valuation cap
- Investing in shares of vacation rentals
- World Tree: Raised over $3.5M USD – Female Founder
- Eco-Timber That Offsets Your Carbon Footprint
- Bud Love: Live raising over $1.8M USD
- Leading the cannabis mixer revolution
General Notes
- Will start to market on main page once – $50k reserved and lead investor identified
- They drive traffic to the page with their own community and investors
