After You Raise
- How do I close my campaign?
- What if my campaign fails?
- Can I extend my funding deadline?
- Will investors contact me directly?
- What updates will investors expect?
- Do I need to file an annual report?
- Is it free to use Wefunder after my fundraise?
After your funding target has been met and at least 21 days have passed, you may initiate the close of your campaign at any time.
Investors are given a five-day warning prior to closing with one last chance to edit or cancel their investment; after that, their funds are locked in and you'll work closely with our closing team to receive your disbursement.
You can read more about closing specifics here.
Unfortunately, if your campaign fails, you won't be able to run a new campaign on Wefunder unless you can demonstrate that you've reached a significant milestone. This could be customer growth, the addition of new distribution channels, the addition of new products, or more.
Yes. We offer a one-time extension with a campaign cap at 6 months.
No. We don't hand out your email addresses or phone numbers; all communications with investors are handled on your company feed.
Unlike public companies, updates are not required by law, but it's nice to let your investors know about your growth, sales, new partnerships, hires, and the other things going on at the company.
Not all of these updates need to be long or serious – even just posting a few photos or paragraphs detailing the new cool thing your company is doing will show investors that you're using their money to help move your company along. The better they feel, the more likely they are to help when they can.
If you complete a successful Regulation Crowdfunding offering, the law requires that you file an annual report in a year to update the SEC and your investors. We made this easy for you to do.
The annual report is due no later than 120 days after the end of your fiscal year. When the time comes, we’ll send you a reminder email, and link to a tool that will help you submit the report fast and easy.
If you neglect to file an annual report, you won’t be able to raise future Regulation Crowdfunding rounds until you file the annual report. However, you may still raise funds from accredited investors only using Regulation D.
Different companies have different reporting requirements:
If your company was dissolved, if you’ve liquidated all your shares, or if you’ve repurchased all issued shares, you do not need to file an annual report.
If you have fewer than 300 shareholders, you only need to file one annual report. (As all Wefunder investors count as one shareholder, this likely means you only need to file one annual report, unless you have a lot of outside shareholders).
If you have more than 300 shareholders but less than $10 million in assets, you need to file three annual reports before you are exempt.
Yes. It's free to continue to use our platform to communicate with your investors.