StartEngine Crowdfunding, Inc. announced that it expects to receive $1.17699 million in funding
January 21, 2019
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StartEngine Crowdfunding, Inc. announced a private placement on best-efforts basis of minimum of 1,333 class A common shares and maximum of 156,932 class A common shares at a price of $7.50 per share for minimum gross proceeds of $10,000 and maximum gross proceeds of $1,176,990 on January 22, 2019. The minimum amount accepted from any investor is $502.5. The company will accept over-subscriptions at its discretion. The round is raised at a pre-money valuation of $119,000,000. The company expects to close the transaction on March 23, 2019. The company will receive funding through crowd-funding platform truCrowd, Inc. The company will pay intermediary fees equal to 5% of the gross proceeds to the crowd-funding platform. The company will pay expenses of 64,700 in the transaction and receive net proceeds of $1,005,300.
StartEngine Crowdfunding Inc. is focused on developing a startup financing model, which helps both accredited and non-accredited investors to invest in private companies on a public platform. The Company operates as a technology platform connecting issuers and investors, as a broker-dealer and as a Regulation Crowdfunding funding portal. Its offerings include Regulation A Offerings, Regulation Crowdfunding Offerings and Rule 506(c) Offerings. Its products and services include StartEngine OWNers Bonus, StartEngine Secure, StartEngine Premium, StartEngine Primary, StartEngine Secondary, StartEngine Assets and StartEngine Private. StartEngine Private provides accredited investors the opportunity to purchase membership interests in funds (SE Funds) which own shares of venture-capital backed, late-stage private companies. StartEngine Secure offers transfer agent services, which include tracking each investorâs account information and the amount of securities purchased and date purchased.
STARTENGINE CROWDFUNDING, INC. 
