Our LPPFusion 2023 fundraising campaigns through Wefunder and our Regulation D offerings wound up with a big boost in December. Thanks to $130,000 in Wefunder investments and $137,000 in direct Reg. D investments in the first half of December, including a $100,000 investment from a long-time investor, we wound up with a total of $478,000 from Wefunder’s crowdfunding platform and $229,000 from Reg D. accredited investors. Deducting Wefunder’s 6% fee, this gave us a net investment for the year of $678,000. Many thanks to all who have invested!
This year’s campaign was a big step up from 2022, with our Wefunder raise increasing by 50%, a lot more than the crowdfunding industry’s overall increase of 14%. The total also exceeds our minimum goal of $600,000 to maintain our operations.
However, it fell far short of our ultimate goal of $2 million in a single year. That’s what we need to have money in the bank and enough ongoing funding to increase our full-time staff to five, hiring another vital researcher for the lab and another full-time person for all LPPFusion’s other work, including fundraising. That would double our rate of progress towards our goal of net energy, and then to commercialize fusion in this decade.
In the coming year, we’ll be working on new ideas to make the leap to $2 million in a year. We welcome your help and suggestions.
