# MyCrowd

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/mycrowd

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.mycrowd.com
- Total disclosed funding: $1.4M
- Latest round: Seed (Jan 19, 2016)
- Investors on record: 3

## About

MyCrowd, Inc. operates a platform that connects private companies with investors seeking funding through equity crowdfunding, enabling diverse investment opportunities in emerging businesses.MyCrowd, Inc. was founded in 2013 and is headquartered in San Francisco, US. The company specializes in connecting investors with private companies seeking funding. In September 2017, MyCrowd received a Seed round of funding amounting to USD 1.30 mn from investors including Right Side Capital Management and SeedInvest, marking its total fundraising to USD 1.30 mn. The firm has completed three deals since inception, with the most recent deal occurring on September 1, 2017. The founder, Smith MJ, has a background in entrepreneurial ventures.MyCrowd specializes in providing a platform that connects investors with private companies seeking funding. Their core product offerings focus on equity crowdfunding, allowing businesses to raise capital from a diverse pool of investors while enabling individuals to invest in emerging companies. The platform is designed to address the challenges faced by startups in securing funding from traditional financial institutions, offering them an alternative route to finance their growth. MyCrowd's clientele includes both seasoned and novice investors, as well as startups across various sectors such as technology, health, and consumer goods. The geographical markets served by MyCrowd extend beyond local territories, capturing opportunities in North America, Europe, and parts of Asia, where the demand for innovative funding solutions is growing.MyCrowd generates revenue primarily through transaction fees and service charges associated with the investments made on its platform. When a startup successfully raises funds, MyCrowd typically charges a percentage of the total amount raised, creating a direct correlation between the company’s revenue and the success of its clients in securing investments. The transaction structure is predominantly B2B, as MyCrowd facilitates funding between private companies and individual investors. In terms of pricing plans, the platform may offer tiered options based on the level of service or support required by the companies raising funds, reflecting a bespoke approach to address different client needs. This operational framework allows MyCrowd to sustain its business model while actively contributing to the growth of its clients.The most recent deal involving MyCrowd was completed on September 1, 2017, when Raico, Inc. acquired the company, although financial terms were not disclosed. Looking ahead, MyCrowd is likely to leverage its existing platform to expand into new geographical markets while enhancing its product offerings for investors and startups. Recent funding has positioned the company to innovate its services and potentially introduce new products designed to meet the evolving needs of its clients.

## Funding rounds

- Seed, Jan 19, 2016, $1.3M — Right Side Capital Management, SeedInvest
- Seed, Mar 4, 2014, $0.1M — Kima Ventures

## Investors

- Kima Ventures (https://capitalatlas.ai/funds/kima-ventures) — Seed
- Right Side Capital Management (https://capitalatlas.ai/funds/right-side-capital-management) — Seed
- SeedInvest — Seed