Crowdfunding Crosses the $2 Billion Mark

The Main Street Journal

Recently, Crowdfund Capital Advisors, which tracks data on the burgeoning investment crowdfunding marketplace, announced that the industry has surpassed the $2 billion mark in collectively raised funds. That’s definitely worth breaking out the champagne for. So are these additional revelations:

• Over 6,400 companies have filed to raise funds, conducting an astonishing 7,400 offerings with an unprecedented 69% success rate.
• Nearly 600 industry types — from software to personal services, media to restaurants, and everything in between — have benefited from crowdfunding.
• Crowdfunded businesses have created over 400,000 jobs and injected $5 billion into local economies.

In our last issue, we started making it easier for YOU to find the right opportunity for your money and community. With this issue, we offer 20 new options. And if that’s not enough, click on the “View Comprehensive List” button below, and you’ll be sent to our website. There, you can see a full roster of all available crowdfunding offerings and view them by category (like food or housing) and region. We will soon add listings from local investment funds as well. Whereas it took five years to hit the $1 billion crowdfunding investment mark and only another two years to hit $2 billion, your participation will get us to $3 billion in the flip of a bitcoin!

Also in this issue is an autumnal feast of other articles: how North Dakota’s public bank, which earned the state $192 million in 2022, has helped empower the state with the fastest-growing GDP per capita in the country; how recent successes in worker ownership plans were celebrated this Labor Day; and about how a new food co-op in Boston is shaking up the local markets and attracting consumers annoyed with corporate grocery store prices. Finally, Francophiles rejoice! Le Monde, the best paper in France, featured the need to shift from sustainability to regeneration (I’m one of two dozen co-signatories).

– Michael H. Shuman, Publisher

NEWS

• Celebrating a Milestone: Investment Crowdfunding Soars Beyond $2 Billion, Crowdfund Capital Advisors (August 25)
• Make More Employees Owners: A Bipartisan Idea to Support Workers and Communities, The Hill (September 4)
• More Banks to Fail? Not in North Dakota, ScheerPost (August 31)
• The Dorchester Food Co-op Is Here to Shake Up Boston’s Food Ecosystem, Next City (August 30)
• Si Tout Le Monde Utilise Le Mot “Régénératif”, Le Risque Eset Qu’il Se Banalise Et Se Vide de Son Sens, Le Monde (August 26)

PARTNER VOICES

• Revenue-Based Financing Is Friendly to Both Social Entrepreneurs and Impact Investors, Superpowers for Good (August 29)
• Challenging Wealth Supremacy to Realize the Dream of Systemic Change, ImpactAlpha (September 6)
• CDFIs Create Vibrant Communities Where Individuals Prosper, ImpactPHL (September 1)
• Employee Ownership for Manufacturers, Project Equity (August 30)
• Yes, You Can Still Invest In Diverse Entrepreneurs: Here’s How, Morgan Simon in Forbes (August 22)

NEW INVESTMENT OPPORTUNITIES

Below is our list of recently posted local investment opportunities across the United States. Please note that our listing of these opportunities is not an endorsement, and remember that all investments are risky, so click on the hyperlinks and read carefully all the details before investing.

Interested in funding and growing local economies? Read more at The Main Street Journal.