AngelMD is a healthcare investment platform with direct and fund options, offering a network of physicians and other experts.
Our Verdict
AngelMD's broad network and syndicate model make it possible to raise large, $1M+ rounds from industry experts. This stands out when considering that most sites are capped around $1M and rely on retail investors for funding.
Funding Stats
19 companies listed in active portfolio
Funding Stipulations
No minimum target. Timeline for syndicates is 90 days or less
Raising Fees
$5,000 upfront fee
Other Fees
None publicly disclosed
Startups
Equity
AngelList is a multifaceted site, offering job postings, analytics on fundings, and three sets of investing options.
Our Verdict
AngelList offers unparalleled exposure to top angels and VCs, as well as zero fees for entrepreneurs. It is ideally utilized by a company that already has backers and is looking to fill out a round.
Funding Stats
Over $1.5B invested in 5K+ startups that have collectively raised $25B+ in follow-on funding
Funding Stipulations
No minimum or maximum disclosed ($50-500K per deal min/max for individual fund investments on the site). Can close deals as quickly as 72 hours.
Raising Fees
None
Other Fees
None, all fees incurred by investor
Startups
Equity
Bioverge is funding platform for early-stage healthcare startups at the convergence of biology and technology.
Our Verdict
Bioverge's lack of fees for raising is unique, but it is a tertiary option at best for investors in a crowded healthcare field. It lacks the network of AngelMD/ Propel(x) and provides new opportunities infrequently.
Funding Stats
None listed. Prior transactions alongside both Lightspeed and Founders Fund
Funding Stipulations
$80,000 minimum. Funding timeline of 30-90 days
Raising Fees
None
Other Fees
20% Carry
Startups
Equity
Birchal is an Australian equity funding platform for early-stage consumer companies.
Our Verdict
Birchal plays in a niche space but dominates it. Its massive community and reasonable fees make it the top option for AU and NZ consumer startups.
Funding Stats
Over $70M raised and 600K+ active members
Funding Stipulations
$5M maximum, no set timeline. Must have already launched product
Raising Fees
6% of total capital raised
Other Fees
None
Startups
Equity & Secondaries
Broota is a Chilean equity crowdfunding and venture secondaries site, augmented by its entrepreneurship network for startups.
Our Verdict
Broota's localized offering and network of top Chilean entrepreneurs stand out for those raising in the area but make it a nonstarter for Latin American startups raising outside of Chile.
Funding Stats
35+ companies funded, 6.8B CLP raised to date
Funding Stipulations
50M CLP minimum. Funding timeline: 60 days
Raising Fees
5% of funds raised, 1.5M CLP listing fee
Other Fees
Undisclosed equity %
Equity & Debt
CircleUp offers non-accredited access to early stage consumer brands, alongside extensive data driven metrics.
Our Verdict
CircleUp is a strong option for consumer startups with multiple physical locations. Fees are comparable to competitors within the industry and companies gain access to equity and credit offerings from over 400 institutional investors.
Funding Stats
250+ companies, $390M+ raised.
Funding Stipulations
Underwriting and wiring funds for loan takes "a few business days" post-approval
Raising Fees
5% of total raise for equity offerings
Other Fees
14-25% APR on loan for credit
Small Businesses
Equity & Debt
Collin Crowdfund is a Dutch crowdfunding platform for creditworthy SME companies, offering both loans and equity investments.
Our Verdict
Collin Crowdfund has a stellar record as a lender in the EU market and reasonable fees. It is among the top funding options for EU-based small buisnesses
Funding Stats
220M+ EU raised to date, 99.5% success rate
Funding Stipulations
25,000 EU minimum, 2.5M EU maximum. Funding timeline: 30 days
Raising Fees
1.5% of funds raised
Other Fees
0.07% monthly admin fees, 1,200 EU for credit assessment and contract costs
Startups & Small Businesses
Equity
Crowdcube is a UK-based crowdfunding platform for startups and growth-stage businesses.
Our Verdict
Crowdcube is the Republic of the UK, with a focus on businesses in emerging spaces or with high impact. It isn't a first mover but has strong investor and support networks that bode well for the future.
Funding Stats
Over 800 businesses funded. Investors have seen realized returns of 30M+ EU to date
Funding Stipulations
50K EU minimum. Funding Timeline: 30 days
Raising Fees
7% success fee on capital raised
Other Fees
0.75-1.25% completion fee on capital raised
Startups & Small Businesses
Equity & Debt
Crowdo is a P2P lending and equity crowdfunding site for companies in Southeast Asia.
Our Verdict
Crowdo is referenced as a solid option in Southeast Asia, but is lacking in terms of transparency. It also is the only site we've seen that has a maximum conditional on the currency used for funding.
Funding Stats
None provided. Lending for SMEs is a new offering
Funding Stipulations
2 Billion IDR maximum (varies for USD and SGD-denominated loans). Funding Timeline: 10-45 days
Raising Fees
Undisclosed processing and admin fees as a % of funds raised
Other Fees
Undisclosed onboarding fees
Startups
Equity
CrowdPlus.asia is Southeast Asia's first equity crowdfunding site, offering access to Malaysian startups.
Our Verdict
Crowdplus's local focus and incumbent status may make it a fit for local Malaysian companies, but, for companies with business elsewhere, its fees and investor base fail to differentiate it from other sites like Eureeca and Globevestor.
Funding Stats
None provided
Funding Stipulations
3,000,000 RM maximum in any 12 month period. Funding timeline: 30 days
Raising Fees
7% of capital raised
Other Fees
None
Startups
Equity
EqSeed is a Brazil-based platform for startups, serving as the leading Latin American player in equity crowdfunding.
Our Verdict
EqSeed has a known brand in Latin American and a strong network of funders. Its low selection rate may be prohibitive.
Funding Stats
Over 30 companies funded for 30M+ Brazilian Real
Funding Stipulations
Max/Min vary. Funding timeline: 10-60 days
Raising Fees
Undisclosed percentage of funds raised if successful
Other Fees
None
Startups
Equity
Eureeca is a global equity crowdfunding platform, with offerings in the Middle East, EU, and throughout Southeast Asia.
Our Verdict
Eureeca has a strong global brand and is a top option for non-Israeli companies in the Middle East. It has a solid set of investors and, despite its weak user interface, is a mature site with a history of overfunded projects.
Funding Stats
36 countries, 27K+ active investors, 67% of proposals overfunded
Funding Stipulations
$250,000 minimum. Funding timeline: 90 days
Raising Fees
7.25% of funds raised
Other Fees
None
Startups & Small Businesses
Equity
FrontFundr is Canada's leading equity crowdfunding site, offering investments in startups, SMEs, and private market funds.
Our Verdict
FrontFundr is the top option for Canadian businesses, but its offering is tempered by the accessibility of US-based platforms with larger investor bases and lower fees.
Funding Stats
None disclosed.
Funding Stipulations
$25,000 minimum. Funding timeline: 30-90 days
Raising Fees
8% of capital raised, $4,000 diligence and listing fee
Other Fees
None
Startups
Equity
Globevestor is a cross-border investment platform, helping investors access high-impact startups in emerging markets.
Our Verdict
Globevestor is a step down from OurCrowd on a global scale, but is a marquee name in India as well as Singapore. It is one of the only sites with no fees for founders and has uniquely additives connections to Silicon Valley.
Funding Stats
$190M raised across 45+ companies
Funding Stipulations
No minimum. Fund formation and execution takes 2-4 weeks.
Raising Fees
No Fees
Other Fees
No Fees
Startups & Small Businesses
Debt
Konfio provides Mexican SMEs and startups business loans, offering liquidity of up to 6M pesos within 24 hours.
Our Verdict
Konfio has an incredibly fast turnaround on loans, but this speed is offset by commesurately high fees on interest payments.
Funding Stats
None provided
Funding Stipulations
$20,000 min, $800,000 max. Funding timeline: terms from 24 hours to 36 months
Raising Fees
Not Applicable
Other Fees
27% interest for startups , 24% for SMEs, variable for larger businesses
Startups & Small Businesses
Equity & Debt
Lita is a French crowdfunding platform for sustainable businesses, broadening access to impact investing.
Our Verdict
Lita's singular focus on impact across all types of investments (real estate, start-ups, SMBs) and brand equity make it a great option for sustainable businesses in the EU.
Funding Stats
Over 12K individual investments, 34M+ EU raised.
Funding Stipulations
Minimum and maximum not disclosed. Funding timeline: 1-4 months
Raising Fees
4-7% of total raise
Other Fees
1.5-3K EU fee for both pre-deal diligence and management fees
SMBs
Equity, Debt, & Rev. Sharing
Localstake is an investment platform offering a variety of methods for non-accredited investors to invest in SMBs.
Our Verdict
Localstake's variety of funding options may be preferable to the typical SMB loan structure, but it is still a developing brand. The site also does not disclose what percentage of attempted raises are successful.
Funding Stats
None provided
Funding Stipulations
$5M maximum
Raising Fees
Varies by type of funding. May charge a percentage of funds raised, a flat fee, or a monthly subscription
Other Fees
Varies by funding type
Small Businesses
Revenue Sharing Notes
MainVest is an equity crowdfunding site for local, brick-and-mortar businesses looking for startup or growth capital.
Our Verdict
The promise of Mainvest's revenue sharing model is hindered by the fact that many new offerings fall short of funding targets.
Funding Stats
None listed
Funding Stipulations
$50,000 minimum. Funding timeline: 30-90 days
Raising Fees
6% of total capital raised
Other Fees
Variable share of revenues depending on note terms
Startups & Small Businesses
Equity
Mamacrowd is an Italian crowdfunding site with investment opportunities in startups, small businesses, and real estate.
Our Verdict
While it has raising figures similar to other top options, Mamacrowd's network of 70K+ investors offers higher engagement and contributes to its high funding success rate.
Funding Stats
71K investors, 101 companies, 39M EU raised to date
Funding Stipulations
Minimum not disclosed. Funding timeline: 60 days
Raising Fees
Undisclosed % of total capital raised
Other Fees
None
Equity & Secondaries
MicroVentures is a three-pronged venture platform, offering equity crowdfunding, accredited investments, and secondaries.
Our Verdict
Microventures' supplemental secondary and accredited offerings augment its brand, providing a full suite of related services on one site – think of it as a poor man's AngelList with non-accredited offerings. It also has one of the lowest fee structures available, with carry that is dependent on the success of a company, giving it skin in the game.
Funding Stats
Over 110K investors, 400+ companies, and $220M+ raised
Funding Stipulations
$25,000 minimum and $107,000 maximum. Funding timeline: 8 weeks
Raising Fees
5% fee of total capital raised
Other Fees
10% Carry
Startups
Equity
Netcapital enables non-accredited investors to invest in startups through SAFEs without any fees.
Our Verdict
Netcapital lacks the brand recognition of others, but still offers startups an easy way to get noticed by everyday investors who double as customers.The initial engagement fee for startups is taxing and unique to the site.
Funding Stats
None provided
Funding Stipulations
Minimum target varies by offering. Funding timeline: 60-90 days
Raising Fees
Undisclosed initial engagement fee as well as a 4.9% success fee on total capital raised
Other Fees
None
Small Businesses
Debt
Nextseed is an SMB crowdfunding site, providing local businesses like restaurants and breweries with low-cost debt financing.
Our Verdict
Nextseed has an attractive fee model for small retail and restaurant businesses raising capital through loans, though the platform currently displays a limited amount of companies offered through its platform.
Funding Stats
Raised more than $14,000,000 for businesses and returned more than $5,000,000 to investors.
Funding Stipulations
Minimum and maximum vary by offering. Funding timeline: 71 days
Raising Fees
Charges borrower 10% of total capital raised.
Other Fees
NextSeed will deduct a 1% service fee of each payment to cover transaction and administrative costs.
Small Businesses
Debt
October is a Paris-based online marketplace for business loans, enabling investors to quickly lend money directly to SMEs.
Our Verdict
October is a high-caliber platform for those looking to borrow in Europe, with an extensive track record, tens of thousands of lenders, and competitive interest rates.
Funding Stats
420M+ EU raised to date, 21K+ lenders
Funding Stipulations
30,000 EU minimum. Funding timeline varies.
Raising Fees
3% of funds borrowed
Other Fees
0.04% monthly admin fee, rates as low as 2.5% per annum
Startups
Equity
OurCrowd partners with leading VCs to invest in startups around the world through funds and direct investments.
Our Verdict
OurCrowd is a global leader in the VC ecosystem, connected to top investors and hosting major events. It is one of the best options for non-US companies.
Funding Stats
22 funds, 200 portfolio companies, and $1.4B in committed capital
Funding Stipulations
Funding rounds are typically between $2-20M, with no set minimum. Funding timeline: 45-60 days
Raising Fees
4% of funds raised
Other Fees
2% management fee, 20% carry with step-up to 25%
Small Businesses
Debt
Pezesha is Africa's leading SME lending platform, connecting investors with underserved small businesses.
Our Verdict
Pezesha is the most fully developed option currently available for African SMEs.
Funding Stats
None provided
Funding Stipulations
1M KES maximum. Funding timeline: flexible repayment options covering 1-12 month periods
Raising Fees
Not applicable
Other Fees
8-10% interest on loan, small service charge fee ($0.5-1.5)
Startups & Small Businesses
Equity
Play Business is a Mexican crowdfunding platform, providing investors with a share of businesses' sales.
Our Verdict
Play Business has an exceptional model, investing sizable capital itself in offerings. It also is one of only a few sites offering a robust revenue sharing option. Together, these features bode well for the site's future.
Funding Stats
120+ companies funded, 361M+ pesos raised to date
Funding Stipulations
$3M peso maximum, but target amount is dependent on company's cash flows. Funding timeline: 2 months
Raising Fees
5% of total capital raised
Other Fees
Site often invests in up to 20% of offering itself
Startups
Equity
Propel(x) is an equity crowdfunding site for cutting-edge science and technology startups.
Our Verdict
Propel(x) expert offering supplements its focus on "deep tech" companies quite well, and it is competitive on fees so long as you are raising in excess of $200K.
Funding Stats
45+ companies and $9M+ raised through angel investments
Funding Stipulations
No minimum target, but extra fees if less than $200K. Must be categorized as a “deep tech” startup
Raising Fees
5% of total funds raised with step-up to 8% if raise is less than $200K
Other Fees
None publicly disclised
Startups
Equity
Republic is a non-accredited equity crowdfunding site, serving as a leading spot for companies in emerging industries.
Our Verdict
Republic's value lies in its user base and marketing capabilities, offering great exposure for startups. Its small individual bite sizes and limited number of angel investors make it less hospitable for enterprise companies in need of big checks or corporate intros.
Funding Stats
$200M+ raised to date and over 350,000 members
Funding Stipulations
$25K or $50K minimum. Funding timeline: 60-90 days
Raising Fees
6% of total capital raised
Other Fees
2% SAFE
Startups
Equity
SeedInvest is the largest equity crowdfunding site in the U.S. by volume, historically accepting under 1% of prospects.
Our Verdict
SeedInvest's high fees are offset by an exceptionally short fundraising timeline and relationships with investors willing to consider large bite sizes.
Funding Stats
200+ raises, $200M+ funded to date
Funding Stipulations
Minimum may vary. Funding timeline: 30-45 days
Raising Fees
7.5% of total raised
Other Fees
5% equity
Startups
Equity & Secondaries
Seedrs is a venture investment platform based in the UK, offering direct investments alongside access to funds and secondaries.
Our Verdict
Seedrs is a leading brand in the UK, with over a thousand companies funded to date. Its secondaries platform providing valuable liquidity for investors and company employees.
Funding Stats
1,076 funded deals, 897M EU raised to date. ~300 secondaries to date
Funding Stipulations
Minimum of 30,000 EU with step-ups to 50K, 250K, and 1M EU based on maturity. Funding timeline: 14-60 days
Raising Fees
6% of funds raised, 2,500 EU completion fee
Other Fees
0.5-1% payment processing fee
Startups & Small Businesses
Equity & Debt
Snowball Effect is an investment platform for New Zealand companies, with opportunities in equity, debt, and private market funds.
Our Verdict
Snowball Effect charges a high fee and operates in a crowded AU/NZ crowdfunding marketplace. That said, its ability to find throughout companies' lifecycle differentiates the site from other fundraising sites in the area.
Funding Stats
60 offers, $70M raised to date. 23K active investors
Funding Stipulations
No minimum target. Funding timeline varies by company.
Raising Fees
7.5% of total raised, $5,000 listing fee
Other Fees
Variable rates for lending
Startups & Small Businesses
Equity
StartEngine is a pioneer in the equity crowdfunding space, offering easy access to high-growth startups and small businesses.
Our Verdict
StartEngine is a top brand in the U.S. and has a strong community of backers. Along with brand equity, the site is competitive on timing, fees, and minimum funding target.
Funding Stats
300+ raises, $135M+ funded to date
Funding Stipulations
$10,000 minimum. Funding timeline: 60-90 days
Raising Fees
7% of total capital raised
Other Fees
2% equity
Small Businesses
Debt
StreetShares is a veteran-run small business loans marketplace, offering competitive rates and quick approval.
Our Verdict
StreetShares is a great option for veteran-run small businesses, offering a full suite of borrowing options while also helping connect owners with government lending and loan forgiveness plans.
Funding Stats
$100M in loans originated. Many lines of credit are also collateral-free
Funding Stipulations
$200,000 maximum, conditional on having been in business for a year. Funding timeline: 3-36 month terms
Raising Fees
One-time origination fee of either 3.95% or 4.95%
Other Fees
Loan payment terms vary by business
Small Businesses
Debt
The SMBX is a bond market for small businesses, providing a private market equivalent to corporate debt.
Our Verdict
Small, local businesses can benefit from loans through SMBX as well as through its targeted marketing, used to cultivate communities. Low fees present a potentially desirable option despite the lack of historical data (founded fall 2019).
Funding Stats
None provided. Advertises 6.5% historical return for investors
Uprise Africa is the leading equity crowdfunding site for early-stage businesses across Africa.
Our Verdict
Uprise is the lone legitimate option for equity crowdfunding across all of Africa. Look to see if your country has a dedicated platform, as a local site such as FundKiss (Mauritius) may be just as good or better.
Funding Stats
Around 10K active members, average individual investment ~$750
Funding Stipulations
500K minimum, 50M South Africa Rand maximum. Funding timeline: listed for 1-3 months, payout of 2-4 weeks
Raising Fees
6% of total capital raised
Other Fees
Variable onboarding fee, 2% management fee on amount raised
Startups
Equity
Wefunder is an investment crowdfunding platform allowing non-accredited investors to invest in startups for a minimum of $100.
Our Verdict
Wefunder has a solid brand and is competitive on fees, as it only charges a percentage of capital raised. Moving forward, however, it has done little to differentiate itself from competitors such as Microventures and StartEngine.
Funding Stats
$137.5M for 387 startups
Funding Stipulations
Minimum varies by company. Funding timeline: up to 6 months
Raising Fees
7.5% of total funds raised
Other Fees
None
Small Businesses
Debt
Worthy offers SMB loans, secured with assets that have appraised liquidation values in excess of the loan amount.
Our Verdict
Worthy's use of inventory financing is great for investors looking for a safe 5% return, but it is risky for most SMBs. The site's asset-based lending may be a fit, though, for businesses that are highly seasonal.
Funding Stats
Over $50M in bond sale proceeds to date
Funding Stipulations
Minimum and maximum not disclosed. Funding timeline: 36-month loan term
Raising Fees
None
Other Fees
Interest rate varies by business. Inventory or receivables required as collateral.
Startups
Equity
iAngels is an Israeli venture platform with direct, fund investments, and co-investments with angel investors.
Our Verdict
iAngels' no-fee option for entrepreneurs set it apart in the Israeli market. Its angel network and co-investment offerings make it the number two option after OurCrowd.
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