What is Wefunder?
Wefunder functions as a crowdfunding intermediary, empowering individuals to invest in startups and small businesses with relatively small amounts, typically starting at $100. This model provides retail investors with equity stakes and the opportunity to support emerging companies, effectively democratizing investment opportunities that were once exclusive to venture capitalists and angel investors. The platform supports a wide array of industries, including technology, healthcare, and sustainability, catering to both new investors and founders seeking capital. As a Public Benefit Corporation, Wefunder is committed to fostering a more equitable economic landscape and strengthening local economies through accessible investment channels.
How much funding has Wefunder raised?
Wefunder has raised a total of $310.5M across 6 funding rounds:
Angel/Seed
$530K
Private Equity
$6.8M
Private Equity
$878K
Angel/Seed
$2.2M
Debt
$150K
Private Equity
$300M
Angel/Seed (2012): $530K, investors not publicly disclosed
Private Equity (2015): $6.8M, investors not publicly disclosed
Private Equity (2016): $878K, investors not publicly disclosed
Angel/Seed (2017): $2.2M, investors not publicly disclosed
Debt (2020): $150K backed by PPP
Private Equity (2021): $300M with participation from Under Armour, Inc.
Key Investors in Wefunder
Under Armour, Inc.
Under Armour, Inc. is a global leader in athletic apparel and footwear, likely participating in this funding round for strategic alignment or to explore innovative distribution and investment opportunities within the startup ecosystem.
PPP
Public-Private Partnership
Undisclosed investor
An undisclosed investor participated in an earlier funding round, contributing to Wefunder's foundational capital and growth.
What's next for Wefunder?
The recent major strategic investment in Wefunder signals a phase of accelerated scaling and potential expansion of its service offerings. This capital infusion is likely to bolster its technological infrastructure, enhance its user acquisition strategies, and potentially explore new market segments or regulatory landscapes. The company's commitment to its Public Benefit Corporation status suggests that future growth will be balanced with its mission to fix capitalism and support community-level economic development. Strategic partnerships, possibly including those with established corporations like Under Armour, Inc., could play a pivotal role in Wefunder's next chapter, providing not just capital but also industry expertise and market access.
See full Wefunder company page
