Miventure is a mobile app for crowdfunding where you can find opportunities to invest in all types of businesses and can receive monthly income from your investments.
How do I get monthly income from my investments?
Investments are structured as a loan that the business must pay back to you plus interest. There are risks of loss as well as other risks associated with debt products, including interest rate risk and default risk, thus receiving a full return on investment on a monthly basis is not guaranteed. Please see the Educational Materials for additional discussions on risks.
What is crowdfunding?
Crowdfunding is a relatively new method of raising business capital using the internet that allows anyone 18 years or older to invest in a company offering.
What is an Issuer, Offering, and Target Offering Amount mean?
Yes. All of the opportunities on Miventure are offered under (1)“Regulation Crowdfunding” or “Regulation CF” which allows anyone 18 years or older to invest but with investment limits on how much you may invest under Regulation CF; and (2) Rule 506(c) of Regulation D or “Regulation D” which is limited only to “accredited” investors. Miventure may choose to add more offering types in the future.
You are an Accredited Investor if you satisfy one of the below:
Do you conduct a Regulation CF offering and Regulation D offering for each business?
Yes, we provide “side-by-side” offerings on every campaign you find on Miventure. Our Regulation CF offerings are conducted by Miventure Inc., while our Reg D offerings are conducted by Miventure Solutions, LLC. A Regulation CF offering may only be conducted by a “funding portal” that is registered with the SEC and member of FINRA.
In a Regulation CF offering, anyone 18 years or older can invest but the amount that each investor can invest is limited based on your income and net worth. However, in a Regulation D offering accredited investors can invest any amount based on the terms of the offering. Thus, a business or “Issuer” may elect to conduct a Regulation CF offering “side-by-side” with a Regulation D.
Does the government review these investments?
No. No Federal or State agency reviews these investments.
THE INVESTMENT PROCESS
What kind of investment opportunities will I find?
Businesses on Miventure are looking for a loan from investors where the business can pay back the initial investment plus interest on a monthly basis. These are debt offerings of the respective company and have the associated risks or debt, such as risk of default, interest rate risks and other risks that are further defined in the Educational Materials.
What kind of businesses can I invest in?
Miventure will host offerings from all types of businesses ranging from brick and mortars to tech startups. Miventure is business agnostic; meaning that the industry that the company operates in is not a consideration for being listed on our platform.
Within the Miventure app, each investment opportunity will have a campaign profile screen that contains details about the business, its financials, management team, business plan, and terms of the offering. You may also access the offering documents and any relevant financial information within the campaign screen.
We are not investment advisors and are not allowed to provide investment advice or investment recommendations. If you’re not sure which offering might be right for you, we highly suggest you consult with your own independent financial and investment advisors.
What type of securities will investors find on Miventure?
Miventure will display investment opportunities that offer term notes or a loan that the Issuer intends to pay back over time plus interest. Miventure may choose to host opportunities that offer equity or other forms of debt securities in the future. The investments on Miventure are high risk. Only invest if you can afford your entire investment.
They are not. Unlike other platforms where returns are rewards based, on our platform you are actually investing in securities. A business can choose to offer several different types of securities on Miventure.
Miventure was designed so anyone can invest as long as you’re 18 or older and have a U.S. bank account.
Is there an investment minimum?
Yes, you can invest as little as $100 or more on all business opportunities found on Miventure.
No, it’s free for investors to join and there are no fees when you make an investment.
To invest in a business on Miventure, you will need to first provide some personal information, connect your bank account, and agree to disclosures.
Miventure is required by law to limit how much you can invest in a Regulation CF offering. When you create your account, we’ll ask for your annual income and net worth, which tells us how much you can invest. You can see your investment limit on the portfolio screen within Miventure. For more information, see our Educational Materials.
Directly from your bank account that you connect to the Miventure App when you first sign up. Any monthly income from your investments will go back to your connected bank account too.
Your invested funds will be sent to an escrow account that is managed by an escrow agent. Your money will remain in the escrow account until the campaign succeeds or fails. If the campaign succeeds, then the total invested funds from all investors including your invested funds will be sent to the Issuer or business. If the campaign fails, then your invested funds will be refunded back to you into your connected bank account.
Yes. We have implemented reasonable security measures to help protect the information in our care, including but not limited to, using Secure Sockets Layer encryption, the standard for secure Internet network connections, to protect information exchanged over the Internet between the App and our servers.
However, no data transmission over the Internet or method of storage is 100% secure. As a result, while we strive to protect your information, we cannot and do not guarantee or warrant the security of information collected or otherwise obtained by us in connection with our App or Website.
No. All the investment opportunities found on Miventure are high risk. Only invest if you can afford to lose your entire investment. Please refer to the Educational Materials for information on general risks or refer to the offering documents for more information on risks related to the business.
You can find the risk associated with investing in the Educational Materials. Plus, each investment opportunity will also provide industry-specific risks in the offering documentation.
With debt-based investments like on Miventure, you will most likely report your income as interest. You should consult the terms of the securities in question with your tax advisors for more information.
If the business does not go into default and pays off the loan plus interest in full, you have the potential to make your full target return as mentioned in the terms. Different investment opportunities have different target returns so it will depend on the investment opportunity you select as to what target return you will make.
Yes. You can cancel at any time until 48 hours before the offering deadline found in the offering terms. You can cancel by sending a request to cancel your investment via secure messaging on the Miventure App or via email.
Yes. The business has the right to accept or reject investments in its sole discretion anytime before the fundraising campaign ends.
Not likely. There isn’t an active market for crowdfunding securities, plus the business you invested in might restrict your ability to transfer your investment in their terms.
Yes, as long as Miventure maintains a relationship with the respective issuer. On your portfolio screen you will see each of your investments, its status and the amount the business has paid back so far.
What happens if a business defaults?
You will receive a notification if any of your investments go into default. Miventure makes a good faith effort on your behalf to inform the issuer that their payment is delinquent and to make a payment. Please remember that the investments on Miventure are high risk and that you can lose your whole investment. Miventure is not responsible for any losses in investment.
Download the Miventure App or go to www.miventure.com and submit an application to raise capital.
No, there are no fees to submit an application and to build out your campaign. Miventure will only take a fee if you successfully raise the funds on Miventure.
The most you can raise using Regulation CF is $1,070,000, while there is no limit to the amount you can raise using Regulation D. There is no rule to how low a minimum raise can be, but you can set the minimum target at your discretion.
Not at all. Miventure is simply here to raise your funds. What you do with your funds is your business. However, as a business raising funds, you will have to share how you intend to use those funds to grow your business on Miventure. This is a detail many investors are interested in before investing in your business.
Yes. To issue securities on Miventure, you must offer a term loan to your potential investors. However, as the issuer of the securities, you have control over the terms for your specific offering such as the interest rate and maturity date, among other term details.
No. You don’t need to offer collateral or a personal guarantee, however, by guaranteeing or collateralizing your offering you may have the opportunity to give lower interest rates to your investors. At the end of the day, the choice is yours of how you would like to set up the terms to your offering.
Miventure will look at the business’s management team for experience, the business plan, previous financials, among other characteristics that are proprietary in nature.
No. It means you will have your offering listed on Miventure. You must still raise enough money to meet your minimum target requirement for the campaign to be a success and for you to be funded. If the campaign does not succeed, then the funds will be returned to the investors.
You will need to provide transparency into your business such as your business plan, management team, and financials, just to name a few. The goal is to provide the investors as much information about your business as possible so they can make an informed decision for investing. You will need to refer to the offering documents for additional information on requested disclosures.
It can take 3-4 weeks. First, we will need to see if your business meets the criteria to be listed on Miventure (up to 5 days). Then we work with you to set the terms of your offering and fill out and file the proper regulatory disclosures (up to 10 days). Lastly, we build your campaign with the information in your Form C and we LAUNCH THE CAMPAIGN!
Once the campaign is live, how long before I get funded?
If the minimum target is met before 90 days of going live, then you can opt to successfully close the campaign and collect the funds. Otherwise, the campaign will run until the maximum target is met or the 90 days is up from going live.
Miventure will receive 7% of the funds raised to cover operational expenses. If the business’s campaign does not succeed, then the business will not pay a fee.
Do I have any obligations after a campaign ends?
Once the campaign ends, you will be responsible for paying the investors back. You can pay your investor back via the Miventure app by simply connecting a business bank account. There are also other notice and disclosures requirements under Regulation CF.
How do I pay back the investors?
You can pay them back using the Miventure app or you can opt to use your own third-party paying agent.