Why choose Wefunder?
WeвЂ™re the funding portal that is largest. We have raised the essential bucks.
YouвЂ™ll raise more income on Wefunder, faster. We have raised the essential bucks for startups that use Reg CF. WeвЂ™re as big as our top three competitors combined.
WeвЂ™ve funded dozens of startups that raised capital raising.
Prestige issues: the platform places that are best you alongside the very best organizations. WeвЂ™ve funded 4 startups now well well worth over $1 billion and 12 over $100M. Our rivals do not come close.
It is not only cash. Our system of founders can alter your trajectory.
Whenever Wefunder went through Y Combinator, we learned exactly how valuable the community had been. They inspired us. Whenever you raise with us, youвЂ™ll have admission to a huge selection of world-class founders who would like to help.
WeвЂ™re a Public Benefit Corporation.
Doing right by founders is our North Star. Our moonshot: to assist 20,000 founders get off the bottom. By 2029. In most 50 states. Of most backgrounds.
This really is our lifeвЂ™s work. We lobbied Congress generate these legislation.
We began on Day 1. In 2012, we convinced Congress to pass through the JOBS Act, legalizing equity crowdfunding. This is exactly what weвЂ™ve made a decision to do with your life.
We are group of founders that do crazy things. because we worry.
We grok founders because we have been founders. We also do crazy things such as have our entire business use the Amtrak across America, to meet up with founders face-to-face.
Get in on the household
You are part of the family when you raise on Wefunder. The city of founders is just like valuable to your online business due to the fact cash.
Just What founders say
Do not just take our term because of it. Pay attention to the founders we have assisted.
If you discover a significantly better deal, we’ll beat it
You may not pay us a dime until you raise cash. We have confidence in really easy pricing. Simply no concealed charges or silly charges that are extra.
Such a thing in america – from technology startups to donut shops. We fund traveling cars, coffee stores, breweries, rockets, ostrich farms, film studios, films – you name it. The single thing in keeping? Each have community of people who rely on them.
Yes! We team all shareholders on Wefunder into one entity that is legal the cap dining dining table. You are able to select an investor that is lead will sign up behalf for this entity.
Yes! Plenty Of them. We have had over $2.2 billion bucks of investment capital have dedicated to organizations when they raised on Wefunder. We have over a dozen organizations which can be now respected at over $100 million. Merely a few examples:
- Beta Bionics raised over $1M in 2016. In 2019, they raised a $126M Series B.
- Meow Wolf raised over $1M in 2017. In 2019, they raised $150M in capital raising.
- Red Bay Coffee raised in 2016. In 2019, they shut an $8M Series A.
- Checkr, Rappi, Zenefits, and Ginkgo Bioworks are respected at over $1 billion.
We help any safety, such as for example that loan, promissory note, convertible note, SECURE, income share, or favored stock. You are able to upload your very own customized investment contract, or, in the event that you’d instead maybe maybe not employ legal counsel to re-invent the wheel, select from our collection of investment agreements.
We suggest agreeing on terms together with your investor that is lead’ll raise more cash if smaller investors are spending on a single financial terms as an expert.
In 2012, Wefunder assisted Congress pass the WORK Act, a legislation which allows companies to improve money online from anybody, not only the rich. This legislation created brand brand new federal laws and regulations to increase money: Regulation Crowdfunding, Regulation A+, and Regulation D, Rule 506(c).
Wefunder supports most of these regulations that are new therefore we will allow you to raise cash at any stage of one’s company.
Yes! For businesses that raise over $1,070,000 in a Regulation Crowdfunding offering, we host regulation that is concurrent 506(c) offerings for free, where limitless levels of cash could be raised from accredited investors.
For organizations that raise over $1 million with Regulation Crowdfunding, we also host Regulation offerings that are a free, where as much as $50 million each year could be raised from any investor.
LegionM, for example, has raised over $8M from over 20,000 investors on Wefunder, making use of both Regulation Crowdfunding and Regulation A+.
We help produce and register all documents utilizing the SEC (called a “Form C”) to help you do a Regulation Crowdfunding campaign. This is basically the easiest method to lawfully accept funds from any possible investor online.
For later-stage organizations, we are able to additionally support Regulation A+ and Regulation D.
For Regulation Crowdfunding promotions, there are two main possible downsides:
- Disclosure of GAAP financials. What the law states calls for that you reveal your GAAP financials once you fundraise, in some instances evaluated by way of a CPA. If you do not ask them to, we could familiarizes you with CPAs whom typically charge under a couple of thousand.
- Yearly reports. For three years more often than not, your organization is meant to produce a report that is annual. We have written pc software that will help you are doing this in a couple of hours, however it is general public information. In the event that you choose never to do a yearly report, the law pubs you against raising via Regulation Crowdfunding once more unless you do this. Nevertheless, it is possible to still raise with legislation D from accredited investors and endeavor capitalists.
We have solved lots of the other downsides that are potential and that’s why many startups on Wefunder were able to raise investment capital afterward. You should have one appropriate entity on your limit dining table that represents all your investors. Your organization may be protected from expensive “12g” reporting needs in case your security is made properly. We could help draft the disclosure papers for $0.
$0 in advance. We charge 7.5% for the funds raised just in the event that you raise cash. We charge $0 if you can’t raise financing.
Wefunder will not take a portion of the business.
There are not any other hidden charges.
When you can get a much better offer on paper, we’ll beat it.
30 moments. Check it out! friends and family can click a buttons that are few move cash making use of their bank card or even a banking account. Or they are able to wire funds or mail a check. Most of the funds get into an escrow account until your round closes.
After your campaign hits your minimum funding target, together with funds are gathered in a escrow account, you are able to ask us to initiate a “rolling close”. After investors reconfirm their investment, we are going to move all profit escrow to your bank account. Your Wefunder round can stay available to attract extra capital.
Unlike Kickstarter, you aren’t offering an item. Unlike GoFundMe, you’re not requesting a handout. With Wefunder, you might be offering friends and family the capacity to spend (in other words., be owners) in your organization. If you earn money, they will certainly make money.
As your investors are literally owners, they have been on it for the haul that is long as they are a great deal more incentivized to worry about business than just a consumer. You will also have the ability to raise more income when it is not just a contribution.
We are more than simply cash. You can book office hours having an experienced founder from payday loans in Cheshire XX once in a while. We cannot guarantee your top choice. Rather, we will suit your request for workplace hours utilizing the advisor that is best that is available and greatest able to assist.
We shall additionally assist you to unlock the worth from your own army of superfans who would like to assist you to be successful.
There is a great deal of fundraising advice on the market. We all know it may be intimidating to some body brand new as of this. You also get a dedicated team of fundraising experts that will give you the best advice for your particular stage and kind of company when you use Wefunder.