Wefunder is a crowdfunding service which connects startups with investors online.
Wefunder uses a provision in the 2012 JOBS Act which allows unaccredited investors to provide equity for entrepreneurial undertakings.
Wefunder was founded in 2011 by Nick Tommarello, Mike Norman, and Greg Belote. The company is headquartered in San Francisco, California.
Wefunder is predicated upon the idea that anyone, regardless of wealth, should be able to invest in a company. As of now, only accredited investors are legally able to fund startups, and these investors must put up at least $1,000 to have an equity share.
WeFunder has facilitated $110 million in investments in startups through its platform. And these startups received $2.2 billion in follow-on investments.