Crowdfunding platform StartEngine has found itself some extra backing.
Joining Fig in the new wave of equity crowdfunding services that exchange backers’ money for shares in a company, StartEngine was created three years ago by Activision co-founder Howard Marks and Ron Miller.
Now the firm has announced that it has secured the financial support of SE Agoura Investment LLC, to the tune of $5.5 million.
The money will be put towards expansion, focusing on upscaling StartEngine’s marketing campaigns.
"This investment is further proof of the early success of the StartEngine platform and the potential of equity crowdfunding," said Miller.
"This fundraise will elevate the StartEngine platform, adding new investment opportunities and furthering our mission to help entrepreneurs achieve their dreams."
Marks added: "This investment confirms our belief that equity crowdfunding will play a vital role in the rebirth of the entrepreneurial boom.
"Equity crowdfunding will democratise access to capital, giving companies the ability to reach the funds necessary to continue to grow and be successful in the market."