Thursday, June 8, 2017
StartEngine Chalks Up 25 Companies Raising Funding Since Start Of 2017
Los Angeles-based StartEngine, the equity crowdfunding service run by serial entrepeneur Howard Marks, has chalked up 25 companies raising money on its platform since the start of 2017, according to the company. According to Marks, StartEngine has had five companies raise $1,000,000 and 21 more raise an average $300,000 since the start of 2017. StartEngine's site lets investors browse investment opportunities for a wide range of companies, with background on the founders of those companies, their products and technology, as well as tools to manage the actual equity crowdfunding efforts. Howard Marks was previously founder and CEO of Acclaim Games (now part of Walt Disney), and was co-founder of Activision; he created StartEngine with co-founder Ron Miller in 2011, initialy as a startup accelerator, and later transitioned the incubator into the online equity crowdfunding area.