StartEngine Crowdfunding, Inc. announced that it expects to receive $10.12 million in funding
November 12, 2018
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StartEngine Crowdfunding, Inc. announced a private placement of 1,150,000 series Token preferred shares at a price of $8.80 per share for total gross proceeds of $10,120,000 on November 12, 2018. The preferred shares will be convertible in common shares at a fixed price of $8.80 per share. The preferred shares will be entitled to receive dividends which shall be non-cumulative. The company will issue securities pursuant to exemption provided under Regulation D. The minimum investment accepted from any outside investor is $10,000. The round will be raised at a post money valuation of $71,720,000.
StartEngine Crowdfunding, Inc. is focused on developing a startup financing model, which helps both accredited and non-accredited investors to invest in private companies on a public platform. The Company operates as a technology platform connecting issuers and investors, as a broker-dealer and as a Regulation Crowdfunding funding portal. Its offerings include Regulation A Offerings, Regulation Crowdfunding Offerings and Rule 506(c) Offerings. Its products and services include StartEngine OWNers Bonus, StartEngine Secure, StartEngine Premium, StartEngine Primary, StartEngine Secondary, StartEngine Assets and StartEngine Private. StartEngine Private provides accredited investors the opportunity to purchase membership interests in funds (SE Funds) which own shares of venture-capital backed, late-stage private companies. StartEngine Secure offers transfer agent services, which include tracking each investorâs account information and the amount of securities purchased and date purchased.
STARTENGINE CROWDFUNDING, INC. 