- WeFunder, a San Francisco-based company that helps individuals invest in startups via crowdfunding, announced it raised $5.1 million in funding
WeFunder, a San Francisco-based company that helps individuals invest in startups through a crowdfunding platform, announced it raised $5.1 million according to Crunchbase. Including this round, WeFunder has raised a total of $15 million in equity funding so far.
With WeFunder, it enables anyone to participate in the funding of an idea rather than just accredited investors. And the company also claims it invests in a more diverse group of startups as well as the underrepresented founders that create them. So far, it has investments in 40 out of the 50 states.
How is WeFunder different from Kickstarter? WeFunder pushes for the funding of startups whereas Kickstarter gives creative professionals a platform to fund projects.
WeFunder was launched in 2012 by Michael Norman, Nicholas Tommarello, and Greg Belote. And since then, WeFunder has facilitated $110 million in investments in startups through its platform. And these startups received $2.2 billion in follow-on investments.
