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Wefunder
A stock market for small businesses
- 101-200 employees
- B2B
- Investing
- Crowdfunding
- Kendall Square, Cambridge, MA
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Company mission
To help everyone invest in the people or ideas that they believe in, to vote with their dollars on what or who our society should fund.
71% employee growth in 12 months
Our take
Entrepeneurship in the US is falling for the first time in years, and wealth disparity is on the rise. Wefunder is setting out to tackle this problem by ensuring that deserving businesses have access to better funding.
Wefunder is a crowdfunding investment platform that connects businesses with financing options. Their solutions appeal to small businesses with cashflow gaps in particular. Business crowdfunding is a growing market, and Wefunder faces competition from companies such as AngelList and Localstake. The company has managed to differentiate itself, however, by also launching a startup accelerator.
Wefunder's mission-driven approach and its proven agility during recent years will serve the company well in the years to come, but it will need to maintain this adaptability if it is to maintain its current growth trajectory.
Kirsty
Company Specialist at Welcome to the Jungle
Company values
- Helping more founders increases all of our wealth: Young, hungry, and scrappy companies do more, faster
- The people are wiser than banks or venture capitalists: The "wisdom of the crowd" makes better decisions than gatekeepers. Capitalism works better when more of us invest our own money, voting with our dollars on the future we'll create together
- Everyone has the right to invest in what they believe in: Laws that limit investments to the wealthy are paternalistic, widen the wealth gap, and perpetuate structural racism. We are all worthy of deciding the people or causes we want to invest in
- Investing in dreams - win or lose - benefits us all: Changing the world is hard; most startups die. But by funding more founders who strive valiantly to take their shot, we enrich our society and boost our talent, even if they fail.
Funding (last 2 of 5 rounds)
Aug 2022
$0.1m
GRANT
Dec 2019
$5.1m
EARLY VC
Total funding: $9.2m
This company has top investors
Leadership
Nicholas Tommarello
(CEO)Previously founded Urban Interactive and Startup Workaway.
Michael Norman
(President)Previously founded web and mobile platform, SoChange.