Fundable Review

FUNDABLE REVIEW

Fundable is an Equity / Reward Funding Network with more than 370.000 startups and 23.000 investors

◙ FUNDABLE REVIEW SUMMARY

Equity CrowdFunding / Reward CrowdFunding for Startups

Fundable does not support personal purposes

All-or-Nothing Campaigns for Rewards Raises

Accredited Investors only for Equity Raises

 Subscription-based pricing

No Success Fees


 

◙ SUPPORTED PROJECTS

Fundable support a wide range of startups in multiple industries such is technology, health & beauty, fitness, food & beverage and many more. Fundable can handle campaigns for up to 10 million USD.

Fundable.com applies "All- or-Nothing" policy, meaning that projects must meet or move above their funding goals in order to collect any funds.

No Donations or Charitable Solicitations, charities and non-profit organizations without a valid 501(c)(3) tax exempt status.

  • REWARD / EQUITY CROWDFUNDING MODEL

  • ALL-OR-NOTHING CAMPAIGNS FOR REWARD RAISES

Useful Crowdfunding Statistics by Fundable

Crowdfunding Statistics

(1) The average successful crowdfunding campaign is around $7,000

(2) The average crowdfunding campaign lasts around 9 weeks

(3) Campaigns gaining 30% of their goal within the 1st week are more likely to succeed at the end

(4) There is a strong correlation between the number of external internet links to the web-page of a Purpose and the success of its Fundraise

(5) Social Media is a key factor towards crowdfunding success

Crowdfunding Demographics

(6) Ages between 24-35 years are much more likely to participate in crowdfunding campaigns. Those over 45 years old are significantly less likely to support campaigns

(7) Men are much more likely to take a risk on an unknown startup than women

(8) Those making over $100K yearly are the most likely to invest in startups


 

◙ EQUITY FUNDRAISE

Equity raises via Fundable are typically more than $50,000. Commitments are made from accredited investors.

Investor's Minimums

As concerns Equity fundraises, the minimum commitment for investors is $1,000 via offline process (Bank Wire transfers and Bank checks).


 

◙ REWARDS FUNDRAISE

Rewards raises via Fundable are effective typically for raises below $50,000. A startup will rely on commitments from current customers, personal support from their social network, or a very strong affinity from Backers who want to see the company succeed.

All-or-Nothing Campaigns

Minimums

As concerns Rewards fundraises, the minimum commitment for contributors is $1 via credit card


 

◙ SUPPORTED COUNTRIES

  • Fundable is open to backers all over the world.


 

◙ WHO IS FUNDABLE

Fundable was found in 2012 by Wil Schroter and Eric Corl and it is based in the United States (Powell, Ohio 43065). Fundable has the support and financial backing of Virtucon Ventures.


 

◙ FUNDABLE COST OF SERVICES

Fundable charges subscription fees as follows:

  • Fundable Subscriptions

Fundable charges monthly Subscriptions. Payments are made via credit cards. Renewals will be billed in monthly increments until canceled.

$179 / month to create and manage your fundraise. Pricing is not pro-rated.

  • Consulting Services

Fundable Consulting Services are billed either on a one-time basis either deferred over multiple payments.

  • Processing Fees (Rewards Projects Only)

For Rewards-based projects funding is collected via credit cards. The merchant processing is handled at a charge of 3.5% + 30¢ per transaction.


 

◙ WITHDRAW FUNDS FROM FUNDABLE

Fundable.com applies "All- or-Nothing" policy, meaning that projects must meet or move above their funding goals in order to collect any funds.

  • Withdraw funds raised for Reward-Based Projects

At the end of each Reward-Based fundraise, all collected funds are automatically transferred to the Initiator’s bank account.

  • Withdraw funds raised for Equity-Based Projects

For Equity crowdfunding after the end of each fundraise, all investor’s commitments are collected and processed offline via Bank Wire or Bank Checks.


 

◙ PROJECT TIME LIMITS

  • The average Fundable campaign lasts about 2-3 months.


 

◙ OTHER FEATURES BY FUNDABLE

  • CrowdFunding Education

  • Step-by-Step Profile Creation Wizard

  • Share your Project with the world via Social Media

  • Investors make commitments directly

  • Any detailed information about the startup is available only to Investors who you grant access to


 

CONTACT FUNDABLE

Fundable LLC -1322 Manning Pkwy, Powell, Ohio 43065 USA

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Fundable Web-Site: www.FUNDABLE.com

 

Fundable Review

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