Raising capital for a Minnesota business through crowdfunding with small investments from a large number of investors
In Minnesota, beginning June 20, 2016, eligible businesses can use a crowdfunding exemption from securities registration to raise investment funds by selling securities to Minnesota residents. The exemption is known as the “MNvest Securities Registration Exemption”—or, simply, “MNvest.”
MNvest is not administered by the Minnesota Department of Commerce or any other state agency. MNvest is only a shorthand reference to a 2015 amendment to the Minnesota Securities Act (Minnesota Statutes, section 80A.461).
- Small Business Guide from the U.S. Securities and Exchange Commission
- Business Guidebooks and other resources from the Small Business Assistance Office, Minnesota Department of Employment and Economic Development.
Want to know more about MNvest?
Important Notice Regarding Changes to the MNvest Law
During the 2017 legislative session, the statute that regulates MNvest was changed. The changes are effective as of: April 20, 2017.
Read the specific changes to the MN Statute §80A.461