Line
What Crowdfunding Offerings Sell: Debt vs. Equity
Share of new Regulation Crowdfunding offerings each quarter selling debt, and selling common or preferred stock, %
Plays the chart through its history. Pauses are where the data set a record or moved most.
Debt · Continuation · the recent trend, flattening · 1 year
Common or preferred stock · Continuation · the recent trend, flattening · 1 year
Dashed: the projection from the latest reading. Shaded: the range about two in three outcomes land in. A projection, not a promise.
The rest are SAFEs, convertible notes and other instruments, which Form C reports as "Other".
Debt crowdfunding is mostly established small businesses borrowing from customers and neighbours; equity is mostly startups. The mix shows which kind of company is using the crowd.
What this chart reads
- Debt Share of U.S. Crowdfunding Offeringsas “Debt”latest 2026-07-01
- Equity Share of U.S. Crowdfunding Offeringsas “Common or preferred stock”latest 2026-07-01
Sources
Debt Share of U.S. Crowdfunding Offerings. Source: U.S. Securities and Exchange Commission, Division of Economic and Risk Analysis, Crowdfunding Offerings Data Sets (sec.gov/data-research/sec-markets-data/crowdfunding-offerings-data-sets): quarterly files extracted from every Form C filed on EDGAR, as filed. Palanor loads each quarter's file when the SEC posts it, a few days after the quarter ends. Public domain: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (SEC website dissemination policy, sec.gov/about/privacy-information).
Equity Share of U.S. Crowdfunding Offerings. Source: U.S. Securities and Exchange Commission, Division of Economic and Risk Analysis, Crowdfunding Offerings Data Sets (sec.gov/data-research/sec-markets-data/crowdfunding-offerings-data-sets): quarterly files extracted from every Form C filed on EDGAR, as filed. Palanor loads each quarter's file when the SEC posts it, a few days after the quarter ends. Public domain: "Information presented on sec.gov is considered public information and may be copied or further distributed by users of the web site without the SEC's permission" (SEC website dissemination policy, sec.gov/about/privacy-information).
Charts are drawn from Palanor's signal library and recomputed from source data on every view. Transformations (changes, indexing, year-on-year rates) are Palanor's.