Crowdfunding Trade Groups Prepare to Merge

In another sign of consolidation in the crowdfinance market in the face of underwhelming growth, the market’s two main trade associations are planning to merge later this year. The Crowdfunding Intermediary Regulatory Advocates (CFIRA) and the Crowdfunding Professional Association (CfPA) are in talks to merge into a single trade group

Beantown Craft Brewer Raises $1M in 48 Days in Hybrid Retail-Institutional CF Round

Boston-based craft beermaker Hopsters has become the fourth company (and second brewer) to break the $1M level in equity crowdfunding on WeFunder, the market-leading platform for offerings under the recently-implemented Reg CF. Notably, Hopsters topped up the capital barrel with a large dollop of funds - $550,000 - from accredited investors. The hybrid retail-institutional strategy boosted the confidence of both investor types, resulting in WeFunder's fastest close of a $1M round yet. via BostInno: Hopsters Clears $1M in Equity Crowdfunding for Fort Point Brew Pub