History has been made. StartEngine Crowdfunding Inc. has launched the first equity crowdfunding platform enabling private company investments on a public platform under Regulation A+ of the JOBS Act which officially took effect on June 19th. StartEngine and similar equity crowdfunding platforms now can offer promising startups an array of investment alternatives, not previously available to them, according the company’s press release. This includes opening startup and early stage investing to the general public which in the past was limited to only accredited investors.
StartEngine, based in Los Angeles, was founded by Howard Marks, co-founder of Activision – a $14 billion market cap video game publisher, and four time Inc. 500/5000 Award recipient Ron Miller in 2013.
At launch, XREAL,-a mobile game publisher specializing in enhancing eSports mobile and tablet gaming and Elio Motors – a transportation startup creating a sleek two-seater car with up to 84 MPG for only $6,800 will partner with StartEngine to develop their companies and products.
“StartEngine’s alternative investing platform makes it possible for anyone to back the companies they believe in and truly share a stake in their success,” said co-founder Jordan Maron of XREAL, a StartEngine partner and mobile game publisher. “We’re thrilled to be raising funds in a progressive and personal new way that better resonates with my generation.”
“At StartEngine, our goal is to not only become the leading equity crowdfunding platform, but to help entrepreneurs achieve their dreams,” said StartEngine CEO Ron Miller. “We’ve built an industry leading platform to allow companies to take advantage of the greatest advancement for entrepreneurship in a generation. Companies can now advertise the sale of their stock and anyone, not just wealthy people, can invest.”
