The LPPFusion 2022 Wefunder campaign closed on December 9th, with a total raised of $316,520 from 386 investors. We thank all who invested! Unfortunately, the campaign did not meet our full goals for it. The campaign only raised half as much as we did last year, from fewer than half as many investors. To a large extent, this reflected the 45% fall in US total crowdfunding investments for all companies from last year, a product of the global economy’s impact on small investors.
Together with the $81,000 grant from Focus Fusion Society, the reduced Wefunder round left us well short of our goal of $100,000 a month in the past six months. To catch up with this goal, and surpass it, we are planning to restart very soon crowdfunding on the StartEngine platform, reaching a new audience of over a million investors. We have also received interest from a number of potential larger investors. We will be trying out some new ideas to better publicize our work. The good news that we’re sharing in this report should help reassure wary investors of our progress!
Accredited investors can still invest in our Reg. D round at the same $200/share price, with a $5,000 minimum.
