Equity Crowdfunding Tops $10M Since SEC Rules Took Effect
Law360, New York (November 1, 2016, 8:37 PM EDT) -- Retail investor commitments in equity crowdfunding campaigns have surpassed $10 million in the first six months since new rules went into effect, in line with the expectations of capital markets experts, NextGen Crowdfunding said Monday.
The Securities and Exchange Commission’s new Title III rules, also known as Regulation Crowdfunding, took effect in May and allow retail investors to fund startups online with as little as a few hundred dollars in investments or up to $1 million, according to NextGen, a Los Angeles-based investment company that tracks crowdfunding performance.
In its announcement, NextGen listed the five companies that have closed their funding...
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