StartEngine is an equity crowdfunding platform that connects startups with investors online. They were involved in pressing the Securities and Exchange Commission to establish rules for new Regulation A funding options under the JOBS Act passed in 2012.
StartEngine had two offerings begin gauging interest on the day newly established rules for equity crowdfunding went into effect, June 19, 2015. Elio Motors became the first offering to complete Regulation A funding through StartEngine in February 2016, raising $17 million in equity from more than six thousand unaccredited investors.
In June 2018, StartEngine closed its Regulation A funding for $5 million. Immediately following the close of the funding round, the company announced its initial coin offering (ICO) seeking to raise $10 million.