Last time we provided an update on the Reg CF crowdfunding sector and approved funding portals there were 17 in operation. Today that number has increased to 21 FINRA approved platforms with several notable updates.
Reg CF was created under Title III of the JOBS Act. This new exemption allows smaller companies the ability to raise up to $1 million via the internet. Issuers may solicit either accredited or non-accredited investors with limits on the amount any individual may commit to a Reg CF offer. While the exemption is clearly not perfect, the traction to date has been pretty good.
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Republic does not verify information provided by companies on this Portal and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Portal can be found by searching the EDGAR database.