Crowdfund Capital Advisors (CCLEAR) reports that investment crowdfunding deal values rose in October 2024, signaling renewed activity in the sector despite a complex economic backdrop. While one month’s data does not define a trend, October’s results reflect positive momentum for companies leveraging crowdfunding to fuel innovation and growth.

Although deal values increased, the number of new crowdfunding deals saw a slight decline, with 112 deals in October, down from 129 in September and 115 in October 2023. The industry saw $55.3 million in commitments, marking the third-highest month for deal values this year. Equity offerings continued to dominate as investors showed a strong preference for established, post-revenue companies over debt offerings, which captured only 5.7% of total capital raised.

Year-to-date, 49 crowdfunding platforms or broker-dealers have facilitated investment rounds, though platform participation has decreased compared to last year. The food service, healthcare, biotechnology, life sciences, and beverages sectors were among the most active, with key players like StartEngine and Wefunder securing substantial deal flow and capital. A robust crowdfunding market provides crucial support to small and emerging businesses, fueling innovation, job creation, and economic prosperity in an uncertain economic climate.

“With the outcome of the November election, we expect the investment crowdfunding market to see substantial gains,” said Sherwood Neiss, principal at Crowdfund Capital Advisors. “This would be a positive boost for the economy, as every dollar invested in a successful crowdfunding company equates to $5.70 of economic stimulus, according to CCLEAR data.”

This trend illustrates the growing role of crowdfunding in channeling capital to a segment of the private markets where venture activity has slowed, but businesses are ready to drive significant economic impact.

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