StartEngine finishes acquisition of the fourth-largest equity crowdfunding platform, SeedInvest
Today, StartEngine, a leading equity crowdfunding platform, announced the completion of its acquisition of SeedInvest, another prominent player in the equity crowdfunding industry. This merger creates one of the largest equity crowdfunding networks in the world, with a combined base of 1.7 million prospective investors and over $1.1 billion in capital raised.
StartEngine was founded in 2014 with the goal of democratizing access to capital for both entrepreneurs and investors. The acquisition of SeedInvest, a New York-based equity crowdfunding platform, allows StartEngine to expand its reach and provide more extensive services to startups and small businesses in need of funding.
SeedInvest, founded in 2012, has established itself as a leading platform for startups to raise capital, while offering investors a chance to invest in promising early-stage companies. The company has successfully funded over 250 startups, with several of its portfolio companies achieving successful exits through acquisitions or public offerings.
The combined entity will leverage the strengths of both platforms to create a more robust and diverse offering for entrepreneurs and investors alike. StartEngine and SeedInvest will operate as the same platforms under the StartEngine name, offering users access to a wider range of investment opportunities and services under one platform. The SeedInvest platform will ultimately wind down.
This acquisition marks a significant step forward in the crowdfunding industry, setting the stage for future growth and innovation in startup investing.