September 2024 marked an intriguing month for the crowdfunding sector, as markets adapted to shifting macroeconomic conditions while continuing to show signs of resilience. The Federal Reserve’s decision to implement a 50 basis point rate cut—its first in over four years—helped ease financial conditions, and this move was well-received by both traditional markets and the crowdfunding space. Despite geopolitical tensions and slowing growth signals, there are key takeaways you won’t want to miss from September’s crowdfunding landscape.

Deal Flow and Commitments

Crowdfunding deal flow continued to rise, with 126 new deals launched in September across 102 cities. The industry secured $38.2 million in commitments, though this was a step down from August’s higher totals. Automotive and gaming companies stood out, with deals like Olympian Motors and Orange Comet raising significant capital.

Debt vs. Equity Trends

While debt offerings made up 35.7% of all deals, equity remained dominant in terms of capital raised. Debt deals are raising larger sums than before, despite representing a smaller portion of overall capital commitments.

Platform Leaders

Platforms like Honeycomb and StartEngine saw notable growth, with Honeycomb leading the market in new deals. Established platforms such as Wefunder retained their market share, though their commitments have begun to show signs of pressure.

For a deeper dive into September’s market trends—including detailed analysis of valuations, platform performance, and key investor trends—subscribe to our full report and stay ahead in the evolving crowdfunding landscape!