Funding Report - Week Ending 10/8/2017 - KingsCrowd

Funding Report – Week Ending 10/8/2017

$1 Million Dollars Flow into Reg CF Offerings This Week (Week ending 10/8/2017)

Highlights:

  • New Investors this week: 1,695
  • Average Investment Size: $573
  • Total Net Investment: $1,063,185

 

Wefunder and Start Engine accounted for over 60% of the commitments this week with raises of $339K and $310K respectively.

On the Company front, Mission Brewery (on Wefunder) led the way  raising over $110,000 this week. From the offering:

Since we started brewing commercially 10 years ago, Mission Brewery has established itself as one of the top craft beer brands in California. We made splashes in a competitive industry by winning highly-competitive brewing awards immediately after launch, and our brewery, housed in a historic former Wonder Bread bakery, is one of the more uniquely beautiful spaces in San Diego.

In crowdfunding news this week, Netcapital announced a strategic partnership with Techstars which is likely to dramatically increase the number of offerings on their platform.

About our process:

Every week we review each company raising capital under Reg CF on the eight platforms which are currently covered by Crowditz. For a platform to be included, they need to have at least five active offerings.  Today, the platforms include:  Microventures, Netcapital, NextSeed, Republic, SeedInvest, StartEngine, TruCrowd, and Wefunder. We record the total commitment and number of investors for each company. Although not all platforms present the number of investors, we extrapolate to estimate the investors.

As the Reg CF investment is a non-binding commitment before the closing, some companies may see a reduction in committed capital from the previous week. The reduction is subtracted from new capital commitments in calculating total new investments for the week.

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