Reg D

Reg D is part of the SEC’s rules and regulations, and was updated in 2013 as part of Title II in the 2012 JOBS Act.

This one is barely “crowdfunding” as most people think about it, it’s basically just updating the 1933-era restrictions on how private companies could raise money to reflect the realities of the 21st century, especially the Web. The main change is that now private companies can “generally solicit” investors (meaning advertise and have websites and stuff), but they have to make sure that a person who actually invests is an “accredited investor” and meets specific income or net worth criteria. Title II is why you now hear ads on the radio starting with “Attention accredited investors…” This part of the JOBS Act was the first of these three to go into effect (back in 2013), so is the most mature part of the ecosystem. Most of the crowdfunding platforms you’ve heard of so far probably fit under Title II.

• Examples: FundersClub, MicroVentures, EquityMultiple, YieldStreet
• The fine print: As a result of Title II, the SEC updated “Rule 506” of their “Regulation D” to now include two parts, “Rule 506(b)” and “Rule 506(c)”.

Platforms in our database offering Reg D investments

• One Thousand Angels (Members-only access to dealflow (with no fees or carried interest) )
• 1031 Crowdfunding (Online marketplace for 1031 exchanges)
• Acquire Real Estate ([CLOSED] Boston-based commercial real estate funding platform, was acquired in 2017 by now-defunct RealtyShares)
• AcreTrader (Fractional ownership in farmland)
• AgFunder (Invest in AgTech Startups)
• AlphaFlow (Automated portfolio investments across multiple real estate loans and platforms)
• AngelList (Online angel-led investing syndicates, multiple $1B+ exits.)
• ArborCrowd (Primarily multi-family commercial real estate equity investments with 2-5 year hold times)
• Bioverge (Invest in biotech and healthcare startups)
• Bolstr ([ACQUIRED] Small-business loans repaid via revenue sharing )
• Buy the Block (Reg CF real estate platform with a focus on projects to help black communities. They have one prior offering listed (not offered under Reg CF), but have not to date offered any projects yet under Reg CF.)
• Cadre (Reg D Commercial real estate investment marketplace)
• CannaFundr (Invest in syndicates funding Cannabis startups)
• CircleUp (Reg D portal focused on CPG and retail startups)
• CityVest (Reg D real estate platform offering commercial real estate investment funds)
• CNote (Invest in Community Development Financial Institutions (CDFIs))
• Constitution Lending (Short-term debt financing for real estate projects)
• Crowdfunder (Wide variety of startups, from Seed-stage through Series C)
• CrowdStreet (Invest in Commercial Real Estate)
• DiversyFund (Multi-family REIT with low minimums open to non-accredited investors)
• Eastview Capital (Commercial real estate investment crowdfunding platform)
• edly (Invest in income-share agreements for a portion of students' future earning)
• EnergyFunders (Tax-favorable long-term Investments in oil and natural gas wells, with quarterly cash flow.)
• EquityMultiple (Commercial Real Estate portal, with seed funding from Mission Capital )
• EquityNet (Funding network for early- to late-stage businesses)
• EquityRoots (Long-term equity and debt investments in hotels )
• EquityZen (Access to equity in late-stage startups )
• FanVestor (Invest in businesses from your favorite athlete or celebrity)
• FarmFundr (Invest in farmland )
• FarmTogether (Invest in US Farmland)
• Fig (Revenue share in video-game sales)
• First RealFund (Commercial Real Estate platform offering 12-18% returns on multi-family apartment buildings in the NYC metro area, co-invests on all deals )
• FlashFunders (Multitude of investment opportunities for as low as $50 )
• First National Realty Partners (Grocery-anchored commercial real estate)
• Fund That Flip (Short-term debt financing for house rehab projects )
• Fundable (Startup crowdfunding from the startups.co family of companies )
• Fundanna (Niche Reg CF portal offering investments in cannabis startups )
• FundersClub (FundersClub is a pioneering online startup investment platform offering high-profile curated startup investments to accredited investors. )
• Funding Circle (Invest in secured small-business loans. )
• Fundopolis (Title III Funding Portal offering investments in a range of startups and small businesses)
• Harvest Returns (Invest in farmland, ranchland, and timberland in the US and beyond)
• Healthfundr (Invest in health tech and service companies )
• Hedgeable ([CLOSED] As of August 2018, no longer offering investment management or venture funds)
• Hedonova (Low-minimum hedge fund-of-funds investing across multiple alternative asset classes)
• Holdfolio (Fractional investments in apartments and portfolios of single family homes with fixed-interest payments and revenue/profit sharing. )
• HoneyBricks (Tokenized commercial real estate investments)
• Hotel Innvestor (Niche Reg D platform offering debt and equity investments in hotels )
• iFunding (Reg D Commercial real estate investment portal )
• iintoo (Broad mix of real estate investment opportunities with relatively short hold times (18-36 months) )
• InstaLend (10-14% returns on short-term residential real-estate debt investments )
• InvestX (Invest in Late Stage Private Equity)
• iSelect Fund (Invest in emerging growth companies, primarily in the Midwest and in healthcare, agriculture, B2B and energy. )
• Kalshi (Trade on world events with Event Contracts. )
• LendingHome (Invest in residential mortgages )
• LexShares (Invest in the outcome of commercial litigation )
• Localstake (Offers Reg CF, Reg D, and Intrastate crowdfunding investments in small and local businesses )
• MacroCrowd (Commercial and high-end residential real estate )
• MainVest (Debt investments in small, local businesses )
• MicroVentures (Wide breadth of choices for early- and late-stage startup investing, including Reg CF investments open to anyone. )
• Mintus (Invest in Iconic Contemporary Art)
• Money360 (Commercial real estate loans )
• Mortar Group (Invest in multi-family real estate in niche NYC neighborhoods)
• Netcapital (Reg CF platform offering startup investments for as low as $99.)
• New Silver (Securitized mortgage fund managed on a DeFi blockchain)
• NextSeed (Invest in local businesses like bars, restaurants, and spas. Acquired by Republic in 2020.)
• Onfolio (Acquisitions that are focused on buying and growing online businesses)
• Otis (Fractional ownership in sneakers, art, and other collectibles)
• OurCrowd (Invest in high-growth startups )
• Patch of Land (Pre-funded real residential and commercial real estate debt investments, 12-24 month terms, up to 12% return. )
• PeerRealty (Invest in commercial real estate )
• PeerStreet (Residential and commercial real estate debt investments )
• Percent (Invest in the Private Debt Market)
• Propellr (Real estate and other alternative asset investments )
• Propel(x) (Invest in "deep tech" startups, curated and reviewed by industry experts)
• Raise Green (Invest in renewable and regenerative climate practices )
• RealCrowd (Online marketplace for commercial real estate investments )
• RealtyeVest (Debt, equity, and hybrid investments in residential and commercial real estate, primarily affordable housing and assisted living. )
• RealtyMogul (Invest in commercial real estate (including a crowdfunded REIT) )
• RealtyShares ([CLOSED] Debt, equity and preferred-equity across residential and commercial real estate projects. )
• Royalty Exchange (Auction platform for buying and selling royalty rights (primarily related to music). )
• SeedInvest (Wide selection of highly vetted startup investments, plus low-cost auto-invest feature. )
• SeedUps ([CLOSED] Invest in technology startups)
• Selequity (Invest in commercial real estate )
• Senior Living Fund (Commercial real estate investments in senior living facilities )
• SharesPost (Secondary market for private-company shares (mostly tech startups), usually from current and former employees)
• ShareStates (Debt and equity investments in residential and commercial real estate )
• Small Change (Real Estate investments focused on urban, walkable transit-oriented projects )
• StartEngine (Reg CF and Reg A+ investments in a wide range of early-stage startups )
• Steward (Provide capital for the agricultural industry)
• Stonks (Crowdfunding but on an accelerated scale)
• StreetShares (StreetShares is a small-business lender with a focus on serving veteran-run businesses, but is open to anyone to join as a borrower or investor )
• Supervest (Invest in Merchant Cash Advances, Credit Card Acquisitions, Real Estate Hard Money, Debt Settlement, Entertainment, and Consumer Lending)
• SVX.US (Investing platform offering a variety of investment opportunities for accredited investors)
• TrialFunder ([CLOSED] Invest in lawsuit loans and settlement funding)
• Upstart (Ex-Googlers using big data to vet borrowers )
• Venture.co (Broker-dealer with diverse selection of startups and real estate, some open to non-accredited investors )
• WaterWorks (Invest in startups developing sustainable water projects and technologies )
• Wax (Invest in autonomous tech)
• Wealth Migrate (Commercial real estate in the US, UK, and Australia )
• Wefunder (Largest Reg CF investment platform, offers investments in dozens of startups with minimums as low as $100. )
• Wunder (Invest in loans for solar projects )
• YieldStreet (Broad mix of asset-backed debt investments, including some "exotics" )

You can find more information on the various types of offerings over at our blog, or search our database of online crowdfunding, real estate, and alternative investment platforms.

Want to learn more but aren’t sure where to start? You can explore 168 crowdfunding investment platforms in our database and learn more about the nuts and bolts of crowdfunding and alternative investing on our blog. Did you know you can use a self-directed retirement account to invest in many alternative investments? Rocket Dollar makes it easy, and when you sign up using that link you'll be helping to support YieldTalk.