Overview

Raised to Date: Raised: $29,364,863

Total Commitments ($USD)

Platform

StartEngine

Start Date

08/31/2021

Close Date

Not Provided

Min. Goal
$500
Max. Goal
$55,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Series A

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$13.50

Pre-Money Valuation

$786,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

12/30/2021

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$264,548

# of Investors

15,983

Momentum
Funded
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Year Founded

2014

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

West Holywood, California

Business Type

Growth

StartEngine, with a valuation of $786 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a crowdfunding platform that allows people to invest in startups and early-stage companies. At the same time, the entrepreneurs also get the opportunity to raise funds from the public through StartEngine Crowdfunding. StartEngine reported a 190% year-over-year growth in revenues in 2020 and has helped companies raise over $400 million on its platform. Howard Marks and Kevin O’Leary founded StartEngine in 2015. The current crowdfunding campaign has no minimum target and a maximum target of $55,000,000. The campaign proceeds will be used for marketing and operating expenses.

Balance Sheet

Cash and Cash Equivalents

$7,718,383

Investment Securities

$485,958

Total Investments

$0

Accounts and Notes Receivable

$1,431,598

Loans

$0

Property, Plant and Equipment (PP&E)

$10,239

Property and Equipment

$0

Total Assets

$10,064,973

Accounts Payable & Accrued Liabilities

$968,395

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$0

Total Liabilities

$1,184,030

Total Stockholders' Equity

$8,880,943

Total Liabilities and Equity

$10,064,973

Statement of Comprehensive Income Information

Total Revenues

$5,422,592

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$1,519,307

Total Interest Expenses

$0

Depreciation and Amortization

$1,708

Net Income

$-368,246

Earnings Per Share - Basic

$-0.04

Earnings Per Share - Diluted

$-0.04

Auditor: dbbmckennon
Financials as of: 08/31/2021
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
StartEngine 11/16/2023 StartEngine $1,320,000,000 $24,789,475 Equity - Common Funded RegA+
StartEngine 12/20/2021 StartEngine $786,000,000 $29,364,863 Equity - Common Funded RegA+
StartEngine 04/29/2021 StartEngine - $8,162,603 Equity - Common Funded Test the Waters
StartEngine 01/25/2021 truCrowd $190,000,000 $348,671 Equity - Common Funded RegCF
StartEngine 11/24/2020 StartEngine $190,000,000 $18,934,533 Equity - Common Funded RegA+
StartEngine 04/29/2020 truCrowd $120,000,000 $208,635 Equity - Common Funded RegCF
StartEngine 03/11/2019 truCrowd $120,000,000 $242,227 Equity - Common Funded RegCF
StartEngine 06/26/2018 StartEngine $65,000,000 $4,898,120 Equity - Common Funded RegA+
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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StartEngine on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $786,000,000
Price per Share: $13.50

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