As New SEC Crowdfunding Regulations Go Live, DC’s Goodworld is Raising $500K

Back in November, the U.S. Securities and Exchange Commission announced new changes to regulations for investment crowdfunding that would make it easier for more people to back companies they believe in.

Companies could now raise up to $5 million in a year period from non-accredited investors, up from $1.07 million. This was meant to expand on a kind of democratization of startup funding that started with adoption of the federal JOBS Act in 2016. It allowed individuals who may not meet the SEC’s income and wealth requirements for traditional investing to participate, and in turn opened a new avenue for early-stage companies to seek investment.

This measure and more amendments to the regulations went live on Monday, March 15. And this week, D.C.-based fintech platform Goodworld is launching its own crowdfunding investment campaign through the platform WeFunder, which operates thanks to those JOBS Act regulations.

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