Startups That Raised Huge Sums Of Money Through Crowdfunding From Retail Investors
Becoming an investor is a bumpy ride full of twists, turns, – and possibly – high gains. Investing is not restricted to high-profile individuals; if you have savings and you want to make a profit, you can jump right into the investing bandwagon too. There are several options available if you want to invest. One of which is crowdfunding. It is a way through which funds are collected for a project or venture from a large group of people.
Retail Investors And Crowdfunding
A person seeking to profit from his investment is known as a retail investor. However, retail investors are undermined as they contribute less than other industry giants. Since 2020, the equity of retail investors has experienced an elevation from 10% – 15% to 25%. Retail investors now bring in stocks worth $76 million. This development is good news for retail investors as well as startups. Retail investors support startups through their contributions. Following are a few startups that successfully raised over $150 million through crowdfunding via retail investors.
Boxable is a fast-growing construction startup. Its mission is to create affordable homes by using minimalist materials. Their home-in-a-box project reduces the time and cost of constructing a house, making ownership affordable. Boxable’s mass factory production is feasible for both commercial and residential buildings. The company has also started shipping houses to other U.S. parts. Its star project can be folded and then unfolded on the site. It takes less than a day to be assembled, similar to lego. The startup started earning big bucks when SpaceX and Tesla’s founder bought a Casita. Boxable managed to raise $70 million from retail investors.
The demand for jets has hiked up by 20%, giving companies such as Jet Token an incentive to make the booking process much better. Jet Token uses blockchain technology to make bookings and flights hassle-free for passengers. Through Jet Token, passengers can easily book aircraft through a mobile app. The startup managed to raise $4.7 million from retail investors and bagged a partnership with HondaJet Elite. It also hopes to achieve its benchmark by 2025 with the help of its supportive retail investors.
TradeAlgo is another setup that tempted retail investors to pump in their money. It creates products and offers users information, tools, and data. TradeAlgo’s motive is to make investment and trading more accessible for users. Over 500 retail investors helped the startup raise $1 million.
Most rental services are below average, which makes clients end up with a liability instead of an investment. Rentberry is a global tech rental platform that offers decentralized home rental systems. This will allow them to save more on rental deposits. The startup raised $13 million by getting the trust of big names like Zing Capital, Beechwood Ventures, and Google.
Without retail investors, startups would not have been able to raise so many funds. However, a business shouldn’t rely only on crowdfunding as it may be difficult to collect enough funds through it.
More in Crowd Funding
How Americans Can Overcome Credit Card Debt
Are you drowning in credit card debt? Well, you are not alone. With the average American household owing more than $8,000...April 19, 2023
Why Being a Celebrity Means Big Business
In today’s media-driven world, celebrities are more than just famous people. They are also big businesses. From endorsements and sponsorships to...April 6, 2023
The Astronomical Increase In Cost Of Living
The cost of living has steadily increased, with many people feeling the impact on their wallets. From the rising cost of...March 30, 2023
The Pros & Cons Of Smart Money Investment
Smart money investment is a term used to describe investments made by experienced and successful venture capitalists, angel investors, or other...March 23, 2023
How Entrepreneurs Can Send Their Kids To College Debt-Free?
As student debt continues to soar, entrepreneurs and their families face a unique challenge when it comes to sending their kids...March 15, 2023
Mariah Carey And Money: How Much Does The “All I Want For Christmas” Star Make?
The hit single “All I Want For Christmas” was released by Mariah Carey in 1994 and has since become a holiday...March 8, 2023
How Entrepreneurs Can Use Crowdfunding For The Better Good Of Their Businesses In 2023 & Beyond?
Crowdfunding has become an increasingly popular and effective way to raise money for causes, projects, and businesses. By allowing people to...March 1, 2023
Wall Street: Some Essential Steps To Invest In The Stock Market
Buying stocks is by far the most effective of doubling your wealth. If you are looking to come out of the...February 20, 2023
Central Banks are Losing Squillions: A Growing Concern
In recent years, central banks worldwide have been losing massive amounts of money, which has become a growing concern for many...February 14, 2023