Crowdfunding Platform Officially Launches

EnergyFunders LLC, a crowdfunding platform that will allow accredited and non-accredited investors to invest directly in oil and gas projects, officially launched this week.

The company has already funded some projects that are producing oil, but the company had reached a point where officials determined they had gotten the process and the user experience to the point where EnergyFunders felt ready to announce to the broader public that it’s open for business, Philip Racusin, CEO and co-founder of EnergyFunders LLC, told Rigzone.

Next year, the company will begin a multi-phase rollout of social and grouping features for the site that will tap into the current large supply of talent out there, Racusin said. EnergyFunders also is working on building the Title III adjunct site that will allow non-accredited investors to directly invest in oil and gas projects. The recent decision by the U.S. Securities and Exchange Commission to allow non-accredited investors to invest through crowdfunding platforms marks the first time in 90 years that non-accredited investors can directly invest, said Racusin.


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
bstewart | Nov. 17, 2015
Looks like a good way to lose your shirt. Class action lawyers must be drooling.

Ivan | Nov. 13, 2015
With the continued turmoil and volatility in the markets, platforms like this could prove to be very successful with crowdfunding. Investment crowdfunding is certainly on the rise. Business Developer at Thrinacia White Label Crowdfunding

fred katz | Nov. 13, 2015
absurd. a litigators delight. no legitimate company would take their money.


Our Privacy Pledge

Most Popular Articles

Brent Crude Oil : $48.06/BBL 2.51%
Light Crude Oil : $45.77/BBL 2.17%
Natural Gas : $2.97/MMBtu 2.30%
Updated in last 24 hours