StartEngine Boasts 463% Revenue Growth Over Past Three Years — Appears Again On Inc. 5000 List Of Fastest-Growing Businesses

StartEngine made Inc. magazine's Inc. 5000 list, which includes the fastest-growing businesses in the U.S.

StartEngine reached the rankings in both 2022 and 2023, ranking in the top 25% overall and the top 100 for financial services. According to Inc.'s metrics, StartEngine's revenue growth over the past three years was 463%.

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A Shark Steps In

Founded in 2014 by Activision Co-Founder Howard Marks and Ron Miller, who founded and sold five companies, StartEngine is the largest U.S.-based equity crowdfunding platform. 

Noted "Shark Tank" investor Kevin O'Leary is a strategic adviser for StartEngine who joined the company in 2020 as both an adviser and spokesperson. O'Leary's involvement boosted StartEngine's profile and put it on a trajectory for more raises and more investors. The company's stock price also rose after O'Leary signed on with the platform. The $1,000 he invested in the platform at the time he joined was worth more than $10,000 as of May. 

Planting The Seed Of Acquisition

One of StartEngine's biggest moves in 2023 was the May finalization of the platform's acquisition of SeedInvest, which made the company the biggest U.S.-based equity crowdfunding platform. The combination expanded the potential investor pool to more than 1.7 million people and more than $1.1 billion in capital raised. The year added to StartEngine's milestones, including when a company raised more than $1 million on the platform in the fall of 2015, when an investor purchased the 1 millionth share of the StartEngine OWN raise in January 2018 and when it noted the $100 millionth invested on the platform in October 2019. 

StartEngine Milestones In 2022

• Four companies raised more than $10 million in a single funding round, including Knightscope Inc., Monogram Orthopedics Inc., Boxabl and StartEngine.
• The StartEngine team grew by 50% to support the platform's growth.
• More than 184,000 users signed up for StartEngine, and in October the company passed the 1 million user mark. 
• The platform helped startups raise more than $189 million in 2022, putting it above any competitive crowdfunding platform.
• StartEngine's Scout program increased by 14,000 people. The platform pays scouts upwards of $10,000 if they refer a startup founder to the platform and it's deemed eligible for and undertake a funding round.
• It entered a partnership with Indiegogo Inc., a rewards-based crowdfunding platform that provided opportunities for Indiegogo's hundreds of thousands of founders and millions of backers to release additional rounds on StartEngine. 

In May, StartEngine flexed its muscles in the equity crowdfunding space by capturing more than half of the total equity crowdfunding capital raised that month. According to data released by industry publication KingsCrowd, the funds raised under Regulation Crowdfunding (Reg. CF) reached $23.7 million for May, and StartEngine raised $12.6 million of that total. 

StartEngine saw record growth last year with new product and service launches and an expansion of its team. With the acquisition of SeedInvest in 2023 and many successful raises, including those for startups like Mode Mobile, Wallabing, ZenniHome and dozens of others, the company continues to reach significant milestones in 2023 and beyond. 

Image Sourced from Inc 5000