Overview

Raised this Round: 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

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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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.

Valuation History

Price per Share History

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

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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