Equity crowdfunding has been up and running for a year in Texas, but the number of closed deals has been pretty slim.
Since February 2015, just $1.2 million has been raised for 24 deals, about 20 percent of what was sought, according the Texas State Securities Board. The projects range from a hair salon to a snore center expansion, drilling in the Permian Basin to building a senior living facility in Cedar Hill.
Crowdfunding investing in the state is open to any Texas resident age 18 or older. Overseen by the Texas State Securities Board, intrastate crowdfunding allows Texas-based...
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