The StartEngine Index: November 2017

Standard Analysis

Index: 766

The Index increased by 10% this month, up 4% from last month. Since inception, the Index has grown steadily month-to-month. To date, companies have raised over $76.6 million.

The net increase this month is +$8 million.

Top Campaigns

The top raise in November is from Waverly Labs on the StartEngine platform. Waverly reached the maximum for Regulation CF in less than 72 hours. Also notable this month is Edisun, founded by Bill Gross who is also the CEO at Idealabs.

 

Industry

This month, technology eclipsed food and beverage companies to take up 37% of the overall capital raised.

 

State of Operation

Since inception, California has led the industry with the most dollars raised in Regulation Crowdfunding ($31.5 million), followed by Texas ($10.5 million) and New York ($6.1 million).

In November, the rates followed a similar course, with 42% of raises coming from California and 32% coming from New York. Only 7.3% of raises came from Texas this month.

 

County of Operation

As you may expect then, the center of the urban hubs are performing well. This month, 26% of the total amount raised in the United States came from Los Angeles County. Kings County (Brooklyn) rounded out at 18.5%,most of which is due to the Waverly Labs raise.

 

Funding Portals

In the month of November, SeedInvest raised the most capital with $2,135,801 with a 36% market share followed very closely by StartEngine with $2,108,193.

In third place for the first time is Wefunder with $842,834. This demonstrates the consolidation of the marketplace with the top three portals controlling 87% of all of the funding.

 

Raising in Los Angeles

LA continues to be the county to watch when it comes to Regulation Crowdfunding. Not only has the most capital been raised for companies in Los Angeles county ($8.3 million), but surrounding areas like Orange County, and San Diego County are high performers as well.

Los Angeles County by the Numbers

30

campaigns in progress — up 6 from last month.

11

new campaigns submitted to the SEC in November.

~$1.5M

raised in November.