• This chart shows on which platforms investors backed startups that started raising funding in 2022 and 2023 through Reg CF and Reg A.
  • StartEngine and Wefunder are the two biggest Reg CF platforms, while Dalmore Group is the largest broker dealer for Reg A raises.
  • Dealmaker Securities hosted a small number of growth stage raises, but investors invested on average around 10x on each Dealmaker deal than on Wefunder or StartEngine.
  • Investors also backed startups through 30 other platforms representing 5% of all the funds invested in equity Reg CF and Reg A deals online.

  • The debt platform market is more distributed than the equity platform market.
  • Large equity crowdfunding platforms like Wefunder, Republic and Dalmore group also attract large shares of the debt investments.
  • Investors also backed startups through 12 other platforms representing 2.7% of all the funds invested in debt Reg CF and Reg A deals online.