Legion M Closes Oversubscribed, Record-Setting $1 Million Equity Crowdfunding Round on Wefunder
World’s first fan-owned entertainment studio leads the JOBS Act field with 3,000+ investors and significant demand above and beyond the $1M cap allowed by the SEC
Silicon Valley, CA – August 15, 2016 — Legion M, the world’s first fan-owned entertainment company today announced they have raised one million dollars via their Title III crowdfunding offering on Wefunder. The Company raised the funds in less than three months from a record breaking 3,000+ investors, making it the most popular Reg CF company in the short history of Title III of the JOBS Act. At the time of closing, Legion M was also the number one company in terms of total investment interest and demand, with significantly more demand above and beyond the $1 million dollar funding cap allowed by the SEC, which leaves outstanding appetite for Legion M stock even after the round is closed.