In our Chart of the Week, we highlight the top equity crowdfunding issuers with the highest revenue growth from 2022 to 2023. From organic bread makers to AI-powered personal security services, these startups have seen massive growth.
Investing in startups is risky. But is investing in more mature companies with higher revenues less risky? We look at the data to date to see if more mature companies (by revenue) tend to de-risk an investment. We also dive into failure rate statistics by funding platform.
Will Royall, CEO of PromoTix, is helping event creators save on fees and increase ticket sales with innovative marketing tools. Discover how PromoTix is disrupting the event ticketing industry with lower fees and a platform designed for modern event marketing.
Discover how Victor Nikonets, founder and CEO of b0arding.com, is transforming hotel reviews and bookings with a video-based platform designed to meet the needs of Gen Z travelers. Learn about his vision, growth strategy, and what the future holds for this innovative travel tech startup.
Meet Luke Phelps, the founder behind Vroom Solar. Discover how Vroom is making solar power more accessible with its plug-and-play solutions perfect for remote jobs, mobile setups, and small homes.
In this company update, we look at Blackbird Foods new crowdfunding round on StartEngine at a $15M valuation, reflecting on the company's increase in revenues and expansion into additional grocery chains.
In this company update, we look at Hydro Wind Energy announcing a new crowdfunding round on Republic at a $150M valuation, reflecting its difficult financial position and delays in product development.
In this company update, we look at Overplay’s new crowdfunding round on Wefunder at a $50M valuation, reflecting on the company's Shark Tank appearance and increased valuation.
The analytics company Bandwagon announced on August 19, 2024, that it is winding down. Harold Hughes, Founder and CEO of Bandwagon, informed the investors through an email that the company ceased operations on August 15, 2024, and is in the process of winding down legally.
Harold Hughes stated that Bandwagon tried getting acquired, merged, or funded; however, the current circumstances did not allow that to happen. Therefore, the company has made the unfortunate decision of shutting down. It seems that there will be no returns for the investors; however, the company will post another investor update in September 2024 to share more details on how to file the investment as a loss and other information.
Aug, 2024
Hidrent Acquired By Belfor
Merger/Acquisition
The app that connects firefighters to people has been acquired by Belfor. Belfor acquired Hidrent in an asset purchase agreement on July 31, 2024. The company’s website still remains active.
With respect to returns on investment, Hidrent’s investors are expected to receive about 0.76 times return on the 2022 valuation. The returns may increase due to agreement-related holdbacks; however, it is still expected to remain less than 1.0 relative to the 2022 raise.
Jul, 2024
Planet Digital Partners Ceased Operations
Shut Down Business
The investment platform for investing in the gaming industry seems to have closed down. Planet Digital Partners’ website and social media accounts are no longer operational, and the company’s founder, Michael Stiegelmeyer, does not mention Planet Digital Partners under his experience on LinkedIn. No information is publicly available about the exact date of closure or investors’ outcomes.