The Invest Local Act is transforming how Florida businesses access capital. This groundbreaking legislation empowers companies to raise funds by offering and selling securities directly through secure funding platforms. It democratizes investment, allowing individuals4regardless of income or wealth4to invest in the private companies, startups, and ventures they believe in.
By moving beyond traditional funding sources like banks, angel investors, and venture capitalists, businesses can now secure capital from their strongest allies: their friends, customers, and local communities. This approach cultivates a more inclusive and accessible path to business growth.
Local businesses raise capital directly from their communities, deepening the connection between companies and their supporters.
Investment opportunities are now open to everyday individuals, extending beyond wealthy or institutional investors.
All offerings comply with Florida Office of Financial Regulation oversight, ensuring robust investor protections.
Issuers must be incorporated or registered to conduct business in Florida to participate. All capital raised from Florida investors must be utilized within the state.
Companies can raise a maximum aggregate amount of $5,000,000 within any 12-month period under this regulation.
Investment limits apply to all investors, based on their annual income and net worth, fostering responsible and sustainable participation.
Key Distinction: Invest Local Act funding cultivates genuine investors seeking financial returns and company growth, while product funding primarily engages customers interested in early product access.
StateCF serves as the intermediary and funding portal, officially registered with the Florida Office of Financial Regulation. We manage offerings under the Invest Local Act, ensuring full compliance and a streamlined fundraising process.
Sprowtt Inc. may act as the qualified third party, payment processor, and escrow agent. It securely handles the collection, safekeeping, and distribution of funds raised from investors in certain transactions, in full compliance with SEC regulations.
StateCF, operating as a DBA of Sprowtt Inc., is an innovative online funding platform. We provide users access to a broad range of asset classes and investment opportunities that were previously difficult to reach.
Our mission is to help Florida business owners and entrepreneurs raise capital faster, with less stress, and more cost-effectively. We achieve this by simplifying legal documentation and streamlining the entire fundraising process.
Leveraging years of expertise in financial technology and regulatory compliance, StateCF is dedicated to fostering a transparent and secure environment for both investors and businesses. Our commitment extends beyond mere facilitation; we empower local economies by connecting promising ventures with their most enthusiastic supporters, ensuring every transaction adheres to the highest standards of integrity and efficiency.
We democratize investment opportunities, making them available to a broader range of investors, irrespective of their wealth or income level.
Our platform simplifies complex legal and financial procedures, making fundraising more efficient for businesses and investing easier for individuals.
We provide educational materials, expert guidance, and continuous support throughout your investment and fundraising journey.
We meticulously evaluate and select issuers for our platform, conducting thorough background checks on executive teams and company leaders as part of our verification process.
We exercise comprehensive due diligence to establish a reasonable belief that issuers comply with Invest Local Act requirements and all applicable federal and state laws.
We provide current educational materials and resources to assist investors with risk assessment and require investor questionnaires to ensure understanding of risks and restrictions.
We offer dedicated communication channels between investors and issuers for interactions, discussions, questions, and comments throughout the offering process.
To adhere to Florida state and federal laws and regulations, StateCF operates within specific restrictions. Understanding these limitations is essential for all platform users.
We do not provide or offer any investment advice or recommendations. All investment decisions must be made independently by investors.
We cannot solicit any purchases, sales, or offers to buy securities. Our role is solely as an intermediary platform.
We do not hold, manage, possess, or handle investor funds or securities. All funds are managed by qualified third parties.
We cannot promise or guarantee any particular investment outcomes. We are not responsible for any losses incurred from investments.
We do not guarantee the accuracy of information provided by issuers. Investors must conduct their own due diligence.
We do not compensate promoters, employees, agents, or other persons for solicitation or based on the sale of securities.
The Invest Local Act empowers individuals to invest in private companies, but this process significantly differs from traditional public stock market investing. Many companies on the platform may be small startups with limited performance history or revenue streams.
There is always a chance you may lose ALL your invested money. Ensure you are in a financial position to bear potential losses without impacting your essential needs.
Before investing, thoroughly understand the company's business model, its products and services, and the market and industry in which it operates.
Understand the type of security being offered, including time implications such as lock-in periods and the process of dividend distribution, if applicable.
Acknowledge all associated risks. All investments are made at your own risk, with no guarantees of return.
Consider consulting with financial advisors to evaluate whether such investments align with your overall investment portfolio and financial goals.
While StateCF team-approved projects are publicly viewable as an intermediary, this does not represent potential investment opportunities. The decision to invest should only be made when YOU feel comfortable with all the considerations we've outlined.
Our comprehensive educational materials cover everything you need to know about the investment process, including types of securities, risk factors, investment limitations, transfer restrictions, and much more.
We encourage you to explore these resources at your own pace. Our goal is to empower you with the knowledge needed to make informed decisions confidently. Take the first step towards discovering Florida's thriving investment landscape today
Learn how to create your account and complete the verification process.
Understand the different investment options available on our platform.
A comprehensive guide to evaluating and managing investment risks.
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