random swirl
community round

Let your

community

friends

family

customers

users

employees

supporters

advocates


invest

A Community Round is when a startup lets thousands of their customers, users, & fans invest alongside VCs and angel investors.

Immad Akhund from Mercury

$120M Series B

Coatue, CRV, A16z

+ others

Community Round

2,734

investors

$4,914,037

invested

Immad Akhund

CEO of Mercury

Recent Community Rounds

$80m Series B

Coatue

and other top VCs + angels

Wefunder Community Round

2,647 investors

$5,439,225 invested

"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 headshot

Amjad Masad

CEO of Replit

$120M Series B

Coatue, CRV, & Andreessen Horowitz

and other top VCs + angels

Wefunder Community Round

2,453 investors

$4,914,037 invested

"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 headshot

Immad Akhund

CEO of Mercury

$12M Series A

Balaji Srinivasan & Amjad Masad

and other top VCs + angels

Wefunder Community Round

1,125 investors

$2,987,382 invested

"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 headshot

Chrisman Frank

CEO of Synthesis

Upcoming Community Rounds

What the VCs & angels say

Community Rounds can be a supplement not just a replacement

Talia Goldberg

Talia Goldberg

Parter @ Bessemer Ventures

"My favorite co-investor is the community. Startups that align incentives with customers, fans, and stakeholders have an inherent advantage."

Justin Kan

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

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

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

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

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

Alexis Ohanian

Founder @ Seven Seven Six

"This is going to become the new normal for a majority of great startups."

Vivian Cheng

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

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."

How a Community Round works

Community Rounds turn your superfans into investors — reward customers & fans by letting them invest alongside VCs and angels

  1. Invite your customers & fans to invest
  2. Anyone can invest as little as $100
  3. Everyone invests in an SPV; one line on your cap table
  4. You choose a lead investor to vote for the SPV
  5. You receive a single wire

The Board & Exec Team Memo

We’ve written a 2 pager you can send to your legal team & board

Community Round vs RUV

Wefunder logo

Community Round

AngelList RUV
One entity on cap table
Lead investor / Syndicate lead
Who can invest?Anyone canAccredited investors only
# investors allowedUnlimited250
Can you promote your raise?YesNo
Disclosures requiredForm C Minimal

250,000+

customers & fans have invested in community rounds

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