Crowdfund Insider | By Amy Wan | June 24, 2016

We’ve hit the one month mark since Title III became effective on May 16, 2016, and are just starting to see the first data points of this new industry. Here are some juicy statistics:

In the first 30 days of the filing’s becoming effective, 40 companies have become issuers using Title III (as of the writing of this article, that number has increased to 43 companies). Out of the gate, 27 companies were lined up and ready to launch their crowdfunding campaign.

As of June 13, 2016, over $2 million has been invested in Title III offerings, or nearly $65,000 per day.

One of the most interesting data points was the distribution of capital across the United States. Traditionally, venture capital funds have come from New York and California; crowdfunding presents the opportunity to disperse more capital to more areas of the country.

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