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.


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