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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This company cannot pay to remove reviews or change its score.
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
AF
ALEC F.
I won't be using WeFunder again.
The site is a bit confusing, it's hard to find terms of investment, the company I invested in went under before the funding round closed taking $600k of investment with it on and now my K1 tax documents are late.
Response from Wefunder, Inc.Apr 8, 2024
Hi Alec,
Apologies for my late reply. I was out due to a family death. Please reach out to us at [email protected], and we will be more than happy to help.
Mark "Merc" Mercer
Head of Investor Success
Wefunder
TM
Tommaso M.
Customer Support line
While I had an overall positive experience with Wefunder, I had a very non optimum dealing from customer support just recently. This was later address and I was happy with their final answer from customer support.
Recently one of the company they featured and fundraised for (Here.co), ceased operation and is shutting down.
I inquired on the Wefunder customer support line. While I fully understand that it is part of the agreement that I might lose up to the whole value of the investment, their first answer was quite short and uncaring, they pcorrected this in their second answer.
I would have thought that since they had raised a consistent amount of money for Here.co on their fundraising rounds, that they might be able to give SOME help and assistance to investors like me, to at least give some directions on precise contact point in Here.co who would be dealing with this matter.
Again I understand the terms of the investment and the risks but I believe that Wefunder customer support could have been more helpful in this situation. They did explain and were more helpful in their second answer.
Response from Wefunder, Inc.Feb 11, 2024
Hi Tommaso,
Thanks for reaching out. I have reviewed your review. I'm sorry that your overall positive experience on our platform resulted in a one-star review. I do agree that the team's response could have been better here, and I will coach the team in how we respond to our customers - as we do care. I am answering you via email to address your concerns, but hope you will re-consider your one-star rating in the future if we are able to earn back your trust.
Mark "Merc" Mercer
Head of Investor Success
Wefunder
RO
Ron
We under doesn’t advocate for you as an investor. Beware!!
Wefunder the is not a company I would invest in and is not an advocate for the investor. Caribou was a great example. They did not communicate with investors. Wefunder would not intervene at anytime. The investors were kept in the dark. They sold to a major corporation Mattel without the investors knowledge. Changed stock around without the investors approval. and my $1000investment got me $53.00. It was a joke.
Response from Wefunder, Inc.Dec 9, 2023
Hi Ron,
I apologize for your dissatisfaction with Wefunder's assistance in your investment in Caribou. It is important to note that Wefunder shared all available information that we had access to. However, the details of the deal made during the acquisition are subject to a non-disclosure agreement (NDA). Therefore, Wefunder does not have access to that specific information.
If you need anything, I'm here to listen or be of assistance the best I can be. You can contact me at [email protected].
Mark "Merc" Mercer
Head of Investor Success
Wefunder
AY
Amir Y.
I can not say this is a scam but I…
I can not say this is a scam but I strongly suggest you stay away from investing companies raising on this platform, this is the last place they go to because:
they do not do any meaningful due diligence. I have invested in many companies on this platform and 99% of my investments are either already out of business or in a very bad shape , I mean a 99% bad track record.
As an example a couple of the companies that tried raising money in my area and every venture or angel fund rejected them because their business model just did not make any sense end up raising lots of money on this platform and they ALL are out of business.
Response from Wefunder, Inc.Dec 24, 2023
Hi Amir,
I apologize for your dissatisfaction with Wefunder. Please note that Wefunder does not have access to the internal operations of any business and is not part of its board or leadership team. Instead, we conduct basic background checks on founders and review all Community Round materials to ensure they comply with all legal requirements and Wefunder policies. All company information, including filed documents such as the Form C, is available to investors for each fundraising round.
Also, 4 out of 5 of the startups that you invested in have failed leaving you at 80% having failed. The statistical rate of failures is 90% (https://explodingtopics.com/blog/startup-failure-stats). However, out of all the companies that have successfully raised on our platform as of this post, only 11.6% have failed thus far.
Investing in the private market carries higher risks than investing in the public market. Therefore, investors should exercise extra caution and conduct thorough due diligence before making any investment decisions. One way to do this is to review all the available materials provided by the company, including the Form C. It is ultimately up to investors to evaluate the quality of each investment opportunity and make informed decisions based on their own research.
If you need anything, I'm here to listen or be of assistance the best I can be. You can contact me at [email protected].
Mark "Merc" Mercer
Head of Investor Success
Wefunder
TS
TSM
Biggest regret as a founder
Biggest regret as a founder. I wasted thousands of dollars and dozens of hours trying to set up and maintain our campaign, navigating surprise fees and changing requirements, with no help from an incompetent and unresponsive WeFunder team. The management of investor money left myself and the investors confused and nervous. I have dozens of emails on record to show the utter lack of support and the mismanagement of our campaign by the WeFunder team. They were so bad that they even had to drop the percentage of total funds raised that they would keep from 7.5% to 5%, but in the end, after many headaches and what could have led to legal action on my part, I decided to cut my losses and shut down our campaign. My hope is that other founders are aware of the incompetence and costs associated with WeFunder and can avoid them.
Response from Wefunder, Inc.Dec 1, 2023
Hi Trish,
I'm sorry to hear about your negative experience with Wefunder. We take your feedback seriously and apologize for any frustration or inconvenience you encountered during your campaign. We understand that setting up and maintaining a crowdfunding campaign can be challenging, and we strive to provide the best support possible to our founders.
Since your experience, we have significantly improved our processes and taken steps to address the issues you mentioned. We have enhanced our support team to ensure better responsiveness and have implemented clearer communication channels.
We appreciate your feedback and will continue to make improvements based on the experiences of our founders. We hope that you consider giving Wefunder another chance and benefit from the enhancements we have made in the future.
If you have any further concerns or questions, please don't hesitate to contact me at [email protected].
Mark "Merc" Mercer
Head of Investor Success
Wefunder
LS
Leo S.
Flaws
Tried making investment several times but kept getting error message in final step despite exact personal information as well as credit card info. Tried emailing support but email would not send due to invalid email address.
Response from Wefunder, Inc.Nov 16, 2023
Hi Leo,
Thanks for reaching out. I'm sorry to hear that you are having trouble. Please reach out to [email protected] and we would be happy to help you.
Mark "Merc" Mercer
Head of Investor Success
Wefunder
AD
Andrea Dalle M.
Absolutely no service at all once they…
Absolutely no service at all once they get your money.
They set up a company to funnel the money to the invested company. This means you are not in the Cap table, and you are nothing for the company you are investing in. If you invest in a safe or Convertible note, once they convert, they don't even communicate or let you know basic things about your investment, like the valuation it was converted to and the amount of shares you supposedly own. Customer support keeps repeating that they "encourage" the companies to give updates, but besides not having updates you will not know anything about what you own.
On top of that, if you read the fine print, there is a supposed lead investor that will take a big chunk of the earnings if they ever materialize, doing absolutely NOTHING.
Positive reviews are mostly from companies they got investment, some of which are scams and they run with it
UPDATE:
The SVP should give us an update of what's going on with our investment, what has been converted, what not, at what valuation. This is just basic. The SVP ows I have no Idea what on my behalf (and literally since some companies have converted a safe and everything I can see in my portfolio is the safe, one has even had a merger and I have no Idea what valuation and how many shares of the new company SVP owns in my behalf)!
When I made the investment was stated that the lead investor would take 10% of the profit in case of an exit, can't find it anymore but I'm sure whas there. I have no idea of what wefunder or him is doing to protect my investment.
Response from Wefunder, Inc.Sep 7, 2023
Hi Andrea,
Thank you for reaching out. I'm sorry you are unhappy with your experience with Wefunder. There are a few things I wanted to address after reviewing your case.
Your investment is structured as an SPV (special purpose vehicle), a standard investment vehicle in the financial world. It is designed to simplify and streamline the representation of multiple investors in a single entity on the company's cap table. This can be helpful for record-keeping purposes and for the company to attract future investment from institutional investors.
Since you are investing in the SPV, which will then invest in the company, you will not receive a stock certificate for your shares. However, you can access the agreement you signed with the SPV on your Portfolio page, which is located at https://www.wefunder.com/portfolio. On this page, you can view all the details of your investment, including the terms of the agreement and the amount invested.
You are correct; we do encourage companies to update their investors. It's important to note that Wefunder is a platform that allows early-stage private companies to gain funds from their community. We provide the technology that makes this possible and offer everyday investors the opportunity to be early investors in companies they are excited about. Ultimately, we cannot control what a company decides to do after its Community Round is closed.
Your claim of the lead investor getting a big chunk of the earnings is inaccurate. They receive the same deal that any other investor receives by investing in that company. This incentivizes the lead investor to make decisions that benefit all investors - including themselves.
Lastly, your claim about positive reviews on the site is also inaccurate, as we have many happy investors. Out of the 338 reviews we currently have on this site, this represents less than half of a percent of the investments Wefunder has had on our platform. We are very proud of our work and are always happy to help.
You can always reach me at [email protected].
Mark "Merc" Mercer
Head of Investor Success
Wefunder
