Wefunder is the largest stock market for retail investors to invest in 'private' startups. We created this industry in 2012. Then we lobbied 9 years for regulatory reform. We petitioned Congress & shaped law. Invited to watch Obama sign the JOBS Act.We’re a Public Benefit Corporation with a goal to fund 20,000 more founders by 2029. In all 50 states. From all backgrounds. From coffee shops to supersonic planes. Backed by the people who believe in them. We help anyone invest in what they believe in – to vote with their dollars on what our society should fund. Together, we help more scrappy, hungry risk-takers take their shot to move our world in a better direction.Our vision is to be the pre-NASDAQ stock market. We want to make it normal for every high-growth startup to raise from their customers and fans in a "Community Round." Startups will be able to raise up to $150M in a primary offering from the public... but legally, they remain private companies. Secondary trades happen once every 9-18 months in a "long term stock market" that lines up with traditional VC raises. Companies get the upside of fans investing and liquidity, but without public company restrictions or quarterly earnings pressure.
Wefunder, Inc. (wefunder.com) has 377 customer reviews on Five Star Index, with an average rating of 3.3 out of 5.
Also known as
Wefunder, wefunder.com
Website
wefunder.com
Category
Investments & Wealth
Location
San Francisco, California
Listed on Five Star Index
2026
About these reviews
Replies
The company replied to 90% of reviews.
Latest
Most recent review: October 2026.
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Reviews are shown as their authors wrote them. The company can reply, but cannot edit them.
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I invested $2000 and heard nothing about any physical address or any reliable phone contact. I wish "Wefunder" respond to this email where at least I would have someone to communicate with!! If I do not hear from Wefunder, I will contact the FBI for "WeFunder" Interstate and Wire Fraud.
Will file IC3.gov
Here is the last Review July 2024 Copy & Paste:
There is no update for many companies after raising fund!! Many companies do not communicate with investor after raising fund which some completely stopped work or disappeared . This is not high-risk, but a deception that some companies can be on the platforme With some listed information to shade the investor then no protection for the investor after all. and I don’t know where my money has gone !.
Unfortunately, (a high-risk )approach is still being used to defend the platform and be stripped of any responsibility!!
Date of experience: July 21, 2024
DE
DEEPES
Pathetic customer support.
Pathetic customer support.
WA
wael
Unfortunately, the problem continues to reoccur
There is no update for many companies after raising fund!!
Many companies do not communicate with investor after raising fund which some completely stopped work or disappeared . This is not high-risk, but a deception that some companies can be on the platforme With some listed information to shade the investor then no protection for the investor after all. and I don’t know where my money has gone !.
Unfortunately, (a high-risk )approach is still being used to defend the platform and be stripped of any responsibility!!
Response from Wefunder, Inc.Jul 22, 2024
Hi Wael,
As you know, I responded to your email ask you for feedback, which we haven't yet received. We look forward to your thoughts.
Thank you for reaching out and expressing your concerns. I understand your desire for due diligence and oversight when investing in companies on our platform.
At Wefunder, transparency is not just a value; it's the foundation of our platform. We make every effort to provide comprehensive information about the companies that raise on our platform. While we conduct basic background checks on founders and review all Community Round materials for compliance, it's important to understand that we do not have access to any business's internal operations, nor are we part of its board or leadership team. This commitment to transparency is designed to inspire confidence and trust in your investment decisions.
When it comes to SEC Form C's, we ensure that all company information, including filed documents such as Form C's, are readily accessible to investors for each fundraising round. This transparency allows you to thoroughly review the information and make well-informed decisions.
As an investor, you hold the power to make informed decisions. We understand the risks involved in this type of investing, and we strongly encourage you to conduct your own due diligence before making any investment decisions. While we provide a platform for investment opportunities, your responsibility is to assess the viability and potential of the companies you choose to invest in. This empowerment is key to your investment journey.
We appreciate your feedback and will consider it as we continue to improve our platform and provide more investor education resources, including our Investor School.
CI
Coc I.
Fraud Education loan
I gave my documents to them for an Education Loan and they told me we will call you soon but I was waiting for took theirs call but they didn't call me And when I told them for Give me permission to delete My parents and my documents they didn't seen.
My humble request to you guys it's a scam, Plz don't give them your documents, And they Terminated my Father's "CIBIL SCORE" plz guys stay away. If you can see my Review sir so plz Talk to your Member and then Delete me and my parents Documents
Your Member Phone number:- +91 89775 23525 Talk to them and Delete me and my Parent's Documents
SJ
Shumyla J.
Donated once; spammed forever
I donated to a campaign on Wefunder ONE TIME, several years ago. Since then I've been relentlessly barraged with a million emails from anybody and everybody looking for money. I removed my information from their site but to no avail. They have a list they give out to everyone that includes names and email addresses, completely disregarding user preferences, not to mention against email spamming laws. Don't invest on their platform if you don't want to receive spam mail forever.
Response from Wefunder, Inc.Jun 10, 2024
Hi Shumyla,
Thanks for reaching out. We apologize for your negative experience, as we strive to provide the best service to our investors. Please be assured that we do not disclose any personal information, including email addresses, to third parties.
When situations like this have happened in the past, we usually can identify a specific “marketing partner” that harvested the investor emails. The founder hires this marketing company to help run their raise. As part of their overall services, the partner says they have a warm list of active investors in the space. The founder emails them.
I’m not positive that this sequence of events happened in your case, but I suspect so.
I don’t think the solution to this problem is punishing the company, which is following the agency's advice and likely does not realize the extent that they are spamming.
Instead, we need to blackball the marketing agencies who abuse the system and make it harder for them to harvest investor emails.
The ultimate solution is to build better tools to match investors and founders on Wefunder, with more granular control for investors to opt-out. In other words, outcompete spam by such a large margin that only an idiot would consider doing it. We’re currently working on some features that may help with this.
Mark "Merc" Mercer
Head of Experience
Wefunder
CC
Chris Courtney M.
Wefunder or WeF***edEm?
Please excuse my tone, but I have had it up to here with Wefunder dodging accountability for covering up the theft and misuse of my Facebook photo by Tribel (an offering on their platform) to make it look like I am part of their staff. I used to work for Tribel's parent company and left on bad terms while it was still Liker, because I was mistreated. Flash forward to January and I see my face on a graphic that depicts the Tribel "team"-- along with some other former co-workers who are in a similar boat. I warned Wefunder about fraud for weeks before it was quietly taken down without alerting the investors. I was on Wefunder since 2017. And they deleted my account when I started to comment (again, with a *tone* but not inappropriately) about my experience. That is literally what their question portal is for... TRANSPARENCY. Final straw is that they just had LinkedIn wrongfully delete a comment addressing this, too. I am going to go out on a limb and say they want to keep their intermediary fee badly enough to throw their investors under the bus. This isn't even the only issue that LEGALLY needs to be disclosed and they know this. They have known this since JANUARY. Jonny and Suzanna are so wrong for letting Mark play the bad cop while they were in on this the whole time. If you need receipts, I have around 140 pages of them. And you better believe the proper authorities do, too.
I'd like to note that this below reply from Mark is now the 5th time the exact same verbiage has been used to respond to this complaint. Furthermore, yet again, he hasn't explained why they refused to take down my image until weeks later. Nor why they haven't told their investors/customer base that they have been lied to. If this is to avoid an admission of guilt, I don't actually see it panning out. Because you see-- when I linked to the SEC filings for the company in question to show there was a discrepancy in the fundraising totals initially reported through the site and Tribel's founder by about 50%, that is when they clearly freaked out and deleted my account to wipe all of the questions and evidence I posted. Let the record also show that even though they allegedly have no plans to raise more money with the company in question (Tribel), they graciously allowed 1,450 brand new comments to boost the page's credibility.
As well, they are currently operating without a license in San Francisco. This came from the Treasury. I'm not sure how this isn't supposed to be clear fraud but you don't have to take my word for it. Because a verified investor with 115 projects in his portfolio just asked them about a fraction of this and they still haven't been able to explain themselves.
Response from Wefunder, Inc.May 16, 2024
Hi Chris,
Thank you for contacting us. As you can see, the raise you mentioned was completed and concluded in November 2023 and is no longer active. Currently, we do not have any plans to host another raise with this company in the future. It is worth noting that your initial communication expressing concern was received on January 17, 2024, which was well after the raise had already been finalized.
Mark "Merc" Mercer
Head of Investor Sucess
Wefunder
JM
Judith M.
Went in with good intentions but got burned
I "invested" in two companies and never got anything in return. I went into it with good intentions, thinking I was helping smaller companies expand. It felt more personal than Wall Street. But I never got anything in return. Twice burned, I will never use Wefunder again.
Response from Wefunder, Inc.Apr 9, 2024
Hi Judith,
Thanks for reaching out. I'm sorry that you feel that way about Wefunder. Returns on Wefunder investments tend to be longer-term (the average on a return, if you receive one, is around seven years), particularly with a convertible note or SAFE as you wait until the company goes public or is acquired. It may be quite some time until you see a return.
Investing in startups comes with a high level of risk. We encourage investors only to invest what they can afford to lose. Don't invest so much that it would impact your lifestyle or retirement plans. Every investment listed on Wefunder is riskier than a public company listed on the stock market, and it is entirely possible that you could lose every dollar you invest on Wefunder.
At Wefunder, transparency is not just a value; it's the foundation of our platform. We make every effort to provide comprehensive information about the companies that raise on our platform. While we conduct basic background checks on founders and review all Community Round materials for compliance, it's important to understand that we do not have access to any business's internal operations, nor are we part of its board or leadership team. This commitment to transparency is designed to inspire confidence and trust in your investment decisions.
When it comes to SEC Form C's, we ensure that all company information, including filed documents such as Form C's, are readily accessible to investors for each fundraising round. This transparency allows you to thoroughly review the information and make well-informed decisions.
As an investor, you hold the power to make informed decisions. We understand the risks involved in this type of investing, and we strongly encourage you to conduct your own due diligence before making any investment decisions. While we provide a platform for investment opportunities, your responsibility is to assess the viability and potential of the companies you choose to invest in. This empowerment is key to your investment journey.
Mark "Merc" Mercer
Head of Investor Success
Wefunder
ZK
zachary K.
kick my company off for no reasons
I put my company on it , this week send me email saying . Can be on their site yet new company that just came out. Now its a problem to try and raise money for your own company.
Response from Wefunder, Inc.Apr 8, 2024
Hi Zachary,
Thanks for reaching out. I'm actually seeing that they responded to you already saying you were good to raise on the platform. If you need more help, you can reach out to [email protected].
Mark "Merc" Mercer
Head of Investor Success
Wefunder
