A community funding round is when a company lets their customers, users, family, and friends invest alongside VCs and angel investors to own a part of the company.
How Does It Work?
A decade ago, no one could have ever conceptualized community funding. But now with the advent of social media, entrepreneurs networks are larger than ever. They can reach people interested in investing in their business via LinkedIn, Twitter and more.
Community funding rounds enable founders to raise much-needed capital from both their professional and private networks, and in a much shorter time span than the traditional dance done with VCs. The campaign can easily and quickly be shared digitally whether it be via a post, email or text message. What’s more, crowdfunding allows everyday, individual investors to invest on the same terms as professional VC’s or angel investors.
These rounds were made legal by the SEC (Regulation Crowdfunding), and recently, many community fundraising platforms have been launched to accelerate this form of crowdfunding. According to SEC rules, founders can raise up to $5 million per year worldwide from both accredited or unaccredited investors.
Join our community funding round
This year, we decided to raise a community funding round. It’s been amazing to see all the support from the community for TransitNet and to give everyone a chance to get involved in building the future of crypto.
We chose to work with Wefunder because they make investing simple, transparent and easy. On our campaign page, you can find everything in one place. You can ask us questions there, hear more from our lead investor, review our deck and financials, ask questions and join us for exclusive investor-only events. Follow our campaign page for updates. Investing takes less than 10 minutes.
Learn more about investing and consider becoming part of TransitNet’s investor community.