The Miventure App (“Miventure”) is a mobile app for crowdfunding where you can invest in early-stage startups for $25 or more.
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.
Early-stage startups that are offering equity-based securities called Crowd SAFEs. Be aware that investing in private businesses may be risky and you may lose your entire investment. Please see the Educational Materials for additional discussions on risks.
Miventure will host offerings from early-stage startups that primarily focus in high-growth technology, preferably generating revenue or within 6 months of generating revenue.
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 Crowd SAFEs. A Crowd SAFE provides rights to the investor for future equity in your company without determining a specific price per share at the time of investing. At the next finance round of your startup (not this crowdfunding campaign), your investors SAFEs will convert to shares based on the Valuation Cap or the Discount Rate given in the Crowd SAFE. The investments on Miventure are high risk. Only invest if you can afford to lose your entire investment.
When people invest in your Miventure campaign, they are buying an equity-based security in your company called a Crowd SAFE. A Crowd SAFE provides rights to the investor for future equity in your company without determining a specific price per share at the time of investing. At the next finance round of your startup (not this crowdfunding campaign), your investors SAFEs will convert to shares based on the Valuation Cap or the Discount Rate given in the Crowd SAFE.
A Valuation Cap is used to determine the share price for each Crowd SAFE iinvestor at the next finance round. If the pre-money valuation of your company is $6MM and your Valuation Cap on the Crowd SAFE is $3MM, your Crowd SAFE investors get to convert at a $3MM valuation.
The Discount Rate is used to determine the share price for each Crowd SAFE investor only if the pre-money valuation at the next finance round is below the Valuation Cap. The Crowd SAFE investors then get to convert at the pre-money valuation discount rate (typically 80%). For example, if on the Crowd SAFE, the Valuation Cap is $3MM and the Discount Rate is 20%, but the pre-money valuation at the next finance round is $1MM, then the Valuation Cap doesn’t apply. The Crowd Safe investors get to convert at a $800,000 pre-money valuation.
The formula provided does NOT show performance in any specific investment but instead uses a general example to illustrate how Crowd SAFEs work and the ownership (%) you would have in the startup at the time of the next, potential financing event.
The formula used assumes a next financing event will take place with a valuation that equals the valuation cap. See the formula below:
Ownership % = Investment Amount / (Valuation Cap x (Valuation Cap - Discount%))
The formula does not indicate ownership at the time of an exit event and does not factor in dilution from future rounds raised. Only invest an amount you can afford to lose as it is possible for the startup to not find future financing rounds.
They are not. Unlike other platforms where returns are reward or donation based, on our platform you are actually investing in securities.
Miventure was designed so anyone can invest as long as you’re 18 or older and have a U.S. tax ID
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 $25 or more on all investment opportunities found on Miventure.
No, it’s free for investors to join. Investors may have to pay a nominal fee should they choose to use a credit card, otherwise, it is free to invest by connecting your bank account.
To invest in a business on Miventure, you will need to first provide some personal information 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.
You can pay by connecting your bank account or by credit/debit card. Please note, credit/debit card transactions do carry a convenience fee of 3.25%, but bank transactions do not.
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.
Transactions may sometimes be canceled either by your bank or payment processor in transit. Funds are returned to the source they originated from, generally your bank account. Please note, in the event funds are returned to you and your investment was not successfully submitted, you can try to invest again or contact support@miventure.com for more information.
You can track the status of your investments in the portfolio page and use the tool tips to learn about the definition of each status. You’ll also receive emails and notifications and emails throughout the process to keep you informed. Please note, your investment in the campaign is not final until the campaign has ended after exceeding its minimum goal and you’ve received a copy of your signed investor agreement afterward.
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.
Yes. 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.
That depends on whether the startup you invest in has an exit or a liquidation event in which shareholders will be compensated. Some startups can become the next Uber, many others may fail. Your return in a startup is not guaranteed. Only invest an amount you can afford to lose.
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.
No.
Not likely. There isn’t an active market for crowdfunding securities, especially for early stage companies. Additionally, the business you invested in might restrict your ability to transfer your investment in their terms.
You can track the status of the campaign you invest in. You cannot track the performance of your investment as Miventure does not know or track the finance rounds that change the value of your investments.
Go to www.miventure.com and hit the "Raise" tab and complete the contact form to 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 and may charge any additional fees your request for marketing efforts.
The most you can raise using Regulation CF is $5,000,000. 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 Crowd SAFEs to your potential investors. However, as the issuer of the securities, you have control over the terms for your specific offering such as the Valuation Cap and Discount Rate, among other term details.
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 120 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 120 days is up from going live. It can take up to 30 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 unless additional marketing efforts were requested by the issuer.
Once the campaign ends, you will be responsible for keeping your cap table managed and to update your investors on any future finance rounds. There are also other notice and disclosures requirements under Regulation CF.
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 conversion event or dissolution.
