“It’s now a race between the US and UK platforms,” Nick Tommarello, Wefunder’s CEO claims.
US Platforms Are Heading To Europe
Will the global leadership of the private investment industry pass from the old continent?
WeFunder is planning to launch a platform in Europe taking advantage of the new European Union funding rules.
Kickstarter research found that support for crowdfunding campaigns and the success rate of campaigns is consistent with pre-pandemic metrics. However, the number of live projects on Kickstarter is down about 25% from the same time last year. Meanwhile, the largest equity crowdfunding platform, Wefunder, just reported that investor volume was up 35% from February through April and, in early May, reported a record $2 million of investment on a single day.
A generation’s moment
Wefunder launches crowdfunded small business loan and startup accelerator to help founders tackle the Coronavirus crisis.