Fundable
Introducing Fundable, the ultimate crowdfunding platform designed to bring innovative ideas to life. Whether you're an entrepreneur seeking capital to launch your startup or a creative mind looking to fund your next big project, Fundable connects you with a vast network of backers eager to support groundbreaking ventures. Join us on Fundable and transform your vision into reality with the power of collective contributions.
Product Info
Category
Crowdfunding
Founded
2012
Founders
Wil Schroter, Eric Corl
Headquarters
Columbus, Ohio, United States
Purpose
Fundraising platform for startups
Operating System
Web-based
PROS
- Helps startups easily raise capital through a streamlined process
- Offers a large network of potential investors
- Provides a platform for both equity and rewards-based crowdfunding
- Includes tools and resources to assist with campaign management and promotion
CONS
- High fees: Fundable has significant fees both for campaign setup and success, which can reduce the overall funds raised.
- All or nothing model: Fundable requires campaigns to reach their funding goals to receive any money, which can be risky.
- Limited audience: The platform's audience is smaller compared to giants like Kickstarter or Indiegogo.
- No public browsing: Potential backers can't browse and discover campaigns, limiting organic reach.
Q&A
Fundable is a crowdfunding platform designed to help startups and small businesses raise capital. Entrepreneurs can create a profile for their business, share details about their project, and pitch to potential investors. The platform allows companies to raise funds through either rewards-based or equity-based crowdfunding.
Yes, Fundable charges a flat monthly fee of $179 to create a fundraising profile on their platform. Additionally, for equity campaigns, there are no success fees, but for rewards-based campaigns, there is a 3.5% fee on funds raised.
For equity campaigns, only accredited investors can invest. These are individuals or entities that meet certain income or net worth thresholds as defined by regulatory authorities. For rewards-based campaigns, anyone can contribute and receive the offered rewards.
