# StartEngine (2026)

Closed: Feb. 2026

## About this raise

StartEngine, with a valuation of $2 billion, is raising funds on StartEngine through Reg A+ crowdfunding. It is a crowdfunding platform that allows people to invest in startups and early-stage companies. At the same time, the entrepreneurs also get the opportunity to raise funds from the public through StartEngine Crowdfunding. StartEngine has tripled its revenue year-over-year and generated $70 million in revenue in the first half of 2025. The platform has a community of over 2.1 million and has $1.5 billion invested on it. Howard Marks and Ronald Miller founded StartEngine in 2014. The current crowdfunding campaign has a maximum target of $46 million. The campaign proceeds will be used for marketing, operations, product development, and cash reserves.

## Investment Overview

**Invested this round:**
$11,639,491

### Deal Terms

#### Total Commitments
- **Platform**: StartEngine  
- **Start Date**: 09/18/2025  
- **Close Date**: 02/18/2026  
- **Min. Goal**: $501 
- **Max Goal**: $46,000,000
- **Min. Investment**: $501
- **Security Type**: Equity - Common
- **Company Stage**: Growth Stage
- **SEC Filing Type**: RegA+
- **Price Per Share**: $1.60
- **Pre-Money Valuation**: $2,000,000,000

### Company & Team

#### Company
- **Year Founded**: 2014  
- **Industry**: Financial & Insurance Products & Services  
- **Tech Sector**: Fintech  
- **Distribution Model**: B2B/B2C  
- **Margin**: High  
- **Capital Intensity**: Low  
- **Location**: West Hollywood, California  
- **Business Type**: High Growth  
- **Company Website**: [Visit Website](https://www.startengine.com/)

#### Team
- **Employees**: 82  
- **Prior Founder Exits?** Yes  
- **Founder Name**: Howard Marks  
- **Title**: CEO  
- **Founder Name**: Ron Miller  
- **Title**: Partner

## Financials

### Key Financial Metrics

| Metric                               | Value            |
|--------------------------------------|------------------|
| Revenue                              | $48.6M (as of Jun '25)       |
| Monthly Burn                         | $1.4M           |
| Cash on Hand                         | $26.3M (as of Jun '25) |

### Balance Sheet

| Item                                 | Amount          |
|--------------------------------------|------------------|
| Cash and Cash Equivalents            | $10,842,297    |
| Investment Securities                 | $10,327,834    |
| Total Investments                     | $18,930,253    |
| Accounts and Notes Receivable         | $2,848,880     |
| Property, Plant and Equipment (PP&E) | $126,698        |
| Total Assets                         | $52,489,743    |

| Item                                  | Amount          |
|---------------------------------------|-----------------|
| Accounts Payable & Accrued Liabilities| $542,903       |
| Long Term Debt                        | $0              |
| Total Liabilities                     | $10,148,999    |
| Total Stockholders' Equity            | $42,340,744    |
| Total Liabilities and Equity          | $52,489,743    |

### Statement of Comprehensive Income Information

| Item                                 | Value          |
|--------------------------------------|----------------|
| Total Revenues                       | $48,625,508    |
| Costs & Expenses Applicable to Revenues| $27,564,695   |
| Depreciation and Amortization        | $3,443,875     |
| Net Income                           | $-16,536,658   |
| Earnings Per Share - Basic           | $0.00          |
| Earnings Per Share - Diluted         | $0.00          |

## Ratings

### Analyst Report Synopsis

StartEngine Crowdfunding, Inc. is a Los Angeles-based fintech company founded in 2014 by Howard Marks and Ron Miller. Since its 2015 launch following the JOBS Act, StartEngine’s mission has been to democratize capital formation for startups and small businesses. It operates a multi-vertical investment platform, allowing companies to raise funds from the public through Regulation Crowdfunding (Reg CF) and Regulation A+ offerings.

StartEngine serves entrepreneurs seeking funding and retail investors interested in early-stage private investments. It offers comprehensive services including campaign pages, payment processing, regulatory filings, and post-offering management tools. Currently, StartEngine is raising up to $46 million on its own platform through a Reg A+ offering, implying a valuation of approximately $2 billion.

### Market Overview

The equity crowdfunding landscape has expanded rapidly due to the JOBS Act, enabling new capital channels resulting in billions raised for startups. As of 2023, companies raised around $420 million via Reg CF. StartEngine has become a leader in this space, supporting various fundraising models and fostering awareness among retail investors.

## Risk Factors

Investing in StartEngine carries risks tied to regulation and its business model. The company operates in a highly regulated environment, faces intense competition, and is vulnerable to market acceptance issues and operational risks including compliance and liquidity challenges.

## Conclusion

StartEngine presents an opportunity for retail investors to engage in a previously inaccessible asset class. As it continues to innovate in private market investment, its performance will rely on execution, market dynamics, and regulatory trends.