40.7%
fewer new offerings than last September
New Reg CF launches declined 40.7% year over year and 15.8% from August.
Crowdfund Capital Advisors
We wrote the law. We built the record.
CCA created the framework behind Regulation Crowdfunding. Since the market opened on May 16, 2016, we have tracked every offering daily, building the only complete dataset of the market. We advise governments, platforms, and investors on what comes next.
- Framework behind the JOBS Act
- Testified before 5 congressional hearings
- 45 countries advised
- World Bank report authors
From the CCLEAR record · September 2026
This month in Reg CF
$16.9M
capital committed in September
Investor commitments were down 25.5% from August and 44.7% from September 2025.
10,189
investor checks written in September
Checks written rose 16.6% from August but remained 31.3% below September 2025. This measures commitments, not unique investors.
Source: CCLEAR Monthly Investment Crowdfunding Report, September 2026, page 2.
Full monthly report available from CCA →Who we work with
For Governments & Regulators
Policy design and regulatory frameworks from the authors of Title III.
Policy work →For Issuers
Stay compliant after your raise. Form C-AR, Form C-TR, and ongoing reporting.
Compliance hub →For Investors & Platforms
125 data points on every Regulation Crowdfunding offering.
Explore the full dataset ↗Latest insights
From the data and the docket.
Compliance · September 17, 2026
Half of Reg CF Issuers Have Never Filed an Annual Report. The Filing Record Explains Why.
Half of Reg CF issuers have never filed Form C-AR. What the SEC filing record reveals about why annual report compliance breaks down after a raise.
Read →Research · September 2, 2026
Two Advantages That Should Add Up, and Don’t
Founder diversity research usually stops at the funding gap. What Reg CF data shows when two founder advantages should compound but don't.
Read →Policy · January 6, 2026
It’s Time to Raise the Regulation Crowdfunding Cap to $20 Million
Why CCA petitioned the SEC to raise the Regulation Crowdfunding cap to $20 million, and what issuer data shows about the current $5M limit.
Read →Annual report
The 2025 State of Investment Crowdfunding.
Our yearly report on the Reg CF market, drawn from the CCLEAR record.
Newsletter
The Reg CF briefing: monthly data and policy insights.
Advisory