A Community Round is when a startup lets thousands of their customers, users, & fans invest alongside VCs and angel investors.
Start Raising$120M Series B
Coatue, CRV, A16z
+ others
Community Round
2,734
investors
$4,914,037
invested
Immad Akhund
CEO of Mercury
$80m Series B
Coatue
and other top VCs + angels
"Users are waking up to the fact that they should be part of the upside. It's clear to me that the future of the internet lies in community ownership. And any startup that wants to align their incentives with that of their users should consider a community round!"
Amjad Masad
CEO of Replit
$120M Series B
Coatue, CRV, & Andreessen Horowitz
and other top VCs + angels
"It's aligned with our mission and brand to give customers ownership and be part of our success. Most of our growth is word of mouth. We felt that ownership would supercharge that."
Immad Akhund
CEO of Mercury
$12M Series A
Balaji Srinivasan & Amjad Masad
and other top VCs + angels
"A top priority for us is to find investors who’re committed to our mission, share our values, and have a long-term vision for Synthesis. There’s no better way to setup that cap table than inviting our teachers, parents, and community to participate."
Chrisman Frank
CEO of Synthesis
Community Rounds can be a supplement not just a replacement
Talia Goldberg
Partner @ Bessemer Ventures
"My favorite co-investor is the community. Startups that align incentives with customers, fans, and stakeholders have an inherent advantage."
Justin Kan
General Partner @ Goat Capital
"Treat your community like investors. Every community-driven startup should share ownership with their most valuable members."
Andrew Chen
General Partner @ Andreessen Horowitz
"If users love a product so much that they invest in it, I consider it a positive signal. I support founders who offer ownership to their community."
Gautam Gupta
General Partner @ TCV
"Turning users into owners is the ultimate way to create alignment. We look forward to investing alongside users in the next generation of world-changing brands."
Gale Wilkinson
Managing Partner @ Vitalize Venture Capital
"The next generation of founders will raise community rounds to access a broader & more diverse set of investors who can add value alongside traditional VCs."
Natty Zola
Partner @ NattyZ
"Startups that invite their communities to invest have a bigger support network and more people can win together. Its not only a competitive advantage, it's also more fun!"
Alexis Ohanian
Founder @ Seven Seven Six
"This is going to become the new normal for a majority of great startups."
Vivian Cheng
Principle @ CRV
"Community and customer love is paramount in a world of increasing customer acquisition costs. Wefunder aligns the interest of all stakeholders—every company should be doing this."
Max Altman
Managing Partner @ Apollo Projects
"The best startups make a product that users love so much they want to own part of the company themselves. This style of fundraising is going to become the norm for lots of amazing companies."
Community Rounds turn your superfans into investors — reward customers & fans by letting them invest alongside VCs and angels
The Board & Exec Team Memo
We’ve written a 2 pager you can send to your legal team & board
Community Round | AngelList RUV | |
---|---|---|
One entity on cap table | ||
Lead investor / Syndicate lead | ||
Who can invest? | Anyone can | Accredited investors only |
# investors allowed | Unlimited | 250 |
Can you promote your raise? | Yes | No |
Disclosures required | Form C | Minimal |
250,000+
customers & fans have invested in community rounds