Research

Research & Data

Analysis from CCLEAR, tracked daily since May 16, 2016: the only complete dataset of Regulation Crowdfunding offerings.

CCLEAR publications

Follow the investment crowdfunding market

Weekly

Weekly Tear Sheet

A one-page view of the Regulation Crowdfunding market, covering capital commitments, investor activity, valuations, and platform share.

Get the free weekly tear sheet

Every two weeks

Biweekly Brief

A closer look at sector capital flows, debt versus equity issuance, platform shifts, and fundraising momentum.

Explore CCLEAR Pro

Monthly

Monthly Report

Month-over-month market analysis, sector deep-dives, and broader context for understanding investment crowdfunding activity.

Explore CCLEAR Pro

Market benchmarks

The CCA CrowdFinance Indices

Public equities have the S&P 500. Investment crowdfunding now has its own benchmark. The CCA CrowdFinance Indices are daily, rules-based measures of the Regulation Crowdfunding market, built on CCLEAR data, so researchers, policymakers, and the industry can see how the market is moving, not just where it stands.

View the indices on CCLEAR
  • Capital

    How much money investors are committing.

  • Participation

    How many investors are taking part.

  • Breadth

    How widely activity is spread across issuers.

  • Plus a composite index and sector indices.

Annual report

The 2025 State of Investment Crowdfunding Report

Our yearly review of the Regulation Crowdfunding market: capital raised, issuers, platforms, and outcomes.

Get the report
Cover of the 2025 State of Investment Crowdfunding report

Custom research

Commission research built around your questions

Beyond our published reports, we design and produce custom studies for organizations that need a precise view of investment crowdfunding and early-stage capital — drawn from the only complete dataset of Regulation CF offerings.

Economic development offices

Map the capital flowing into businesses in your city, state, or region, benchmark against peer markets, and identify where gaps and opportunities lie.

Policymakers

Evidence-based research that shows how entrepreneurs access capital under current rules, and what local and regional programs could unlock.

Foundations & ecosystem builders

Measure entrepreneurial activity across a community and track the impact of programs designed to grow it.

Selected work

The Crowdfunding Genome

Our framework for ranking the health and vibrancy of startup ecosystems nationwide, from funding volumes to investor engagement — the basis of our best-state and best-city reports. Explore the Crowdfunding Genome

Selected work

The Arkansas Capital Scan

An annual study of the capital reaching Arkansas startups — angel and venture investment, crowdfunding, and nondilutive federal grants — produced with the University of Arkansas Office of Entrepreneurship and Innovation and supported by the Walton Family Foundation.

Data methodology

How the CCLEAR dataset is built

125 data points are captured on every company raising under Regulation Crowdfunding.

The dataset tracks live deals as they raise, links successive rounds by the same issuer, and follows companies through their annual reports. That gives a continuous record from first filing onward.

CCLEAR data was distributed through Bloomberg's alternative-data group.

Explore the full dataset