The Miventure App (“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.
The investments you make on Miventure are structured as loans that the business must pay back to you plus interest. Be aware that investing in private businesses may be risky and you may lose your entire investment. Receiving a full return on investment on a monthly basis is not guaranteed. Please see the Educational Materials for additional discussions on risks.
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.
An offering means a fundraising campaign. Each campaign on the Miventure app is an offering of its own. Each offering on Miventure may last up to 90 days to meet its target offering amount.
An issuer on Miventure is the business that is running the fundraising campaign or offering.
These terms mean the same thing, the amount of money the business must raise to have a successful fundraising campaign.
Yes. All of the opportunities on Miventure are offered under “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. Our Regulation CF offerings are conducted by Miventure Inc., a “funding portal” that is registered with the SEC and is a member of FINRA.
No. No Federal or State agency reviews these investments.
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. Be aware that investing in private businesses may be risky and you may lose your entire investment. Receiving a full return on investment on a monthly basis is not guaranteed. Please see the Educational Materials for additional discussions on risks.
Miventure will host offerings from all types of businesses ranging from brick and mortars to tech startups, preferably generating revenue or within 6 months of generating revenue. Miventure may host offerings from businesses in any industry.
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.
Miventure is not an investment advisor and is 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.
Miventure will display investment opportunities that offer term notes or a loan that the Issuer intends to pay back over time plus interest. The investments on Miventure are high risk. Only invest if you can afford to lose 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.
The information provided in the campaigns is supplied by the issuer. Miventure is a funding portal that lists campaigns on the platform. We do perform limited supervisory duties as legally required, but do not endorse or validate the information in the campaigns.
Yes, you can invest as little as $100 or more on all investment 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. Prior to investing in a business, we will ask for you to confirm your yearly income, net worth, and any outside Reg CF investments you have made in the last 12 months. This information will tell 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 bank-level security measures to help protect your information, 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.
Each investment opportunity will provide industry-specific risks in their campaign and offering documents. You can find the general risks associated with investing in our Educational Materials.
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.
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. SImply connect the IRA account when you are being onboarded as an investor on the Miventure App.
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.
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. When you sign up as an investor on the Miventure App, you also authorize a debt collector to represent you in the event of a default. Any fees associated with the collections effort may be deducted from your potential returns.
No. The business may go into default before your full return is due or the business may choose to pay their debt early which would reduce the target return per the terms within the investor agreement for early repayment.
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. There is no rule to how low a minimum raise can be and 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 with your potential investors.
Yes. To raise funds 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.
No. It means you will have your offering listed on Miventure. You must still raise enough funds on Miventure to meet your minimum target requirement for the campaign to be a success. If the campaign does not succeed, then any funds committed by investors will be refunded back 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.
It can take 3 to 4 weeks. First, we will need to see if your business meets the criteria to be listed on Miventure. Then we work with you to set the terms of your offering and fill out and file the proper regulatory disclosures. Lastly, we build your campaign with the information you provided and we LAUNCH THE CAMPAIGN!
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. It can take up to 60 days after your campaign is a success to receive the funds.
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.
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 bank account. There are also other notice and disclosures requirements under Regulation CF.
You can pay them back using the Miventure app or you can opt to use your own repayment service.
Yes, but there is an expedition fee for 50% of the interest on the loan + the principal amount.
Miventure Solutions LLC facilitates repayments back to investors. You simply connect your business bank account to the Miventure App and the repayments are handled monthly for you according to your repayment schedule.
All updates to the investor community that backed you are at your discretion after the campaign has ended. However, we do encourage issuers to give updates on major events, especially in the case of a default.
In the event of a default, we will contact you to catch up your payments. Please note, there are penalties for late payments that will accrue. After 3 months of missed payments, your case will be turned over to a collections partner that the investors have authorized to act on their behalf in order to recoup repayment.
No, we do not require a personal guarantee.
