SXSW, new AI features, groundbreaking legislation, and more!

We're back and feeling energized after SXSW! This year we co-hosted a happy hour with EnergyX, a pioneering lithium company that has raised over $28M (and counting) through our technology. We enjoyed connecting with many entrepreneurs, investors, and decision-makers. EnergyX has been massively successful on our platform thanks to its innovative technology and, of course, DealMaker Reach. We can't wait to share more details on their campaign once it's completed!

One of the best things about hosting these pop-up events is that it gives us the opportunity to speak with founders and CEOs who don't yet know about the power of raising capital online. Given the VC market's current state, it's a massive relief to many founders to learn that there is an alternative pathway to raise the capital they need.

Product Updates

?AI Doc Verification = Even Faster KYC/AML

Here's something you may not know about DealMaker: our KYC/AML process leads the industry in terms of speed, efficiency, and approval rate. On average, over 90% of investments are approved—and we've made several improvements in the past few months that have boosted that rate to as high as 99% for some offerings. One of those improvements is our new AI doc verification feature. If one of your investors needs to upload a document verifying their identity, our AI will automatically scan their uploaded file and let you know if it's valid. Not only does it save time spent handling KYC/AML—but it also boosts your overall investor approval rate!

Industry News

US House Passes the Expanding Access to Capital Act

Earlier this month, the US House of Representatives passed the Expanding Access to Capital Act (HR 2799). While the Bill still needs Senate approval, Friday’s vote was a major step toward the Act becoming law. If passed, the expansions proposed in the Act will help alleviate many challenges faced by entrepreneurs and startups, boosting innovation, job creation, and economic growth. ?

Data Shows Crowdfunded Startups Are More Resilient

According to new data from Crowdfund Capital Advisors, companies that raise via Reg CF have a far greater 5-year survival rate than those that don't. The Bureau of Labor and Statistics reports that 50% of companies fail within their first five years—yet <18% of companies funded via Reg CF have gone under. Read the whole story here.

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