CircleUp, which focuses on crowd investing consumer products companies, raised $14M from investors like Canaan Partners, Google Ventures, and Union Square Ventures.
As per the New York Times:
Ryan Caldbeck, chief executive and co-founder of CircleUp, claimed that the company, which raised $7.5 million last year, did not need the additional money. But he said he embraced the opportunity to work with Dan Ciporin, a partner at Canaan Partners, who is joining CircleUp’s board.
AngelList, which is the largest social network of angel investors and entrepreneurs looking for funding, raised $24 million to build out its equity crowdfunding platform.
Fortune has learned that AngelList recently raised around $24 million at a valuation in the $150 million range. Atlas Venture and Google Ventures helped lead the round, which included participation by more than 100 other institutions and individuals. Among the more notable names are Kleiner Perkins Caufield & Byers, Draper Fisher Jurvetson, Marc Andreessen, Max Levchin and Ev Williams (all of whom have profiles on the site).
As per Crunchbase, the UK-based equity crowdfunding platform raised $4.33M in total over time -- a big chunk of which the site raised for itself on its own site.
So, why then turn to the crowd to fund its international expansion, not least considering the startup is already VC-backed. In early 2012 it raised a £1 million seed round from DFJ Esprit, Digital Prophets (backed by Luke Johnson and managed by the investors behind 1seed) and a number of unnamed angel investors.
“We’re raising on our own platform because we think it’s a good commercial and marketing decision,” says Lynn, adding that it would look “strange” for Seedrs to promote democratised investing but then “run off, raise our money from institutions and cut out our customers”.
A graduate of the famous Y Combinator incubator program, FundersClub went on to raise over $6M in what turned out to be the largest seed round of any Y Combinator graduate in its history.
As per TechCrunch:
If you need more proof that FundersClub wants to radically change startup funding by letting non-VCs invest, it just closed a $6 million seed round, the largest ever from a Y Combinator company. There are still questions about its legality, but investors include A-listers YC, First Round, Chris Dixon, and Aaron Levie. Their support shows Silicon Valley is ready to disrupt itself by inviting the crowd to the cap table.
RockthePost raised $1.2M in a seed round February 2012.
The equity crowdfunding that wants to pair opportunities with investors who are passionate about something raised $1.15 million in a seed round in 2012.
As per CrunchBase, Fundrise raised an A round of investment of $31 million early in 2014. Later on in the year, the company disclosed it had raised an additional $7 million.
The Top 7 Biggest Equity Crowdfunding Sites
How Much Money Have the Top Crowdfunding Platforms Raised?
The top 10 equity crowdfunding sites (What is equity crowdfunding?) have raised over $100M to fund their own operations. The race is on and these platforms need to raise growth capital in order for them to get big.
So, here are the top 7 biggest equity crowdfunding sites in terms of how much money they've raised for their own investments. To compile this list, I've used only publicly available information like that available at Crunchbase.
I've also compiled a list of some of the top crowdfunding sites here.