It has been just over eight weeks since “regulation crowdfunding” (aka Title III of the JOBS Act), which allows any American start-up or small business to raise up to $1m from investors on SEC registered crowdfunding platforms, came into play in America and the initial data shows some early success. The first round raised $807,738 with a total of 1,284 investors.
It has been just over eight weeks since “regulation crowdfunding” (aka Title III of the JOBS Act), which allows any American start-up or small business to raise up to $1m from investors on SEC registered crowdfunding platforms, came into play in America and the initial data shows some early success. Seventy-one companies have registered their offerings with the SEC on 14 portals; three campaigns have hit their funding targets and raised $617,000; Beta Bionics, which makes a wearable medical device that autonomously manages blood sugar levels in people with diabetes, has hit the maximum $1m cap from 780 investors.