November 2025 Highest Committed Rounds
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Investment crowdfunding in November 2025 wrapped with a more muted showing. Regulation Crowdfunding (Reg CF) campaigns brought in approximately $21.3 million across all major platforms, contributed by about 11,600 investors. When adding approximately $8.4 million raised by active Reg A+ campaigns, the month’s total capital inflow still reached just under $30 million. That marks a noticeable decline from the $34+ million raised in both September and October, as well as last November’s total of $30.8 million. Investor participation held steady, but the average investment dropped significantly. November’s average check came in at roughly $1,800 per investor. This highlights a more conservative environment for both everyday and larger-ticket investors. With capital flowing in smaller increments, November painted a picture of a market that is cautious but still actively participating.

Familiar Faces and Concentrated Gains

A familiar cast of platforms led the Reg CF charts this month. DealMaker Securities claimed the top spot with $6.3 million raised in November, continuing its track record of high-dollar, high-structure campaigns. StartEngine followed with approximately $5.3 million and Wefunder trailed close behind at $4.5 million. Republic remained active with over $3.1 million. Collectively, these four platforms accounted for the lion’s share of Reg CF capital this month. DealMaker, StartEngine, and Wefunder alone represented more than 75% of all funds raised.

Among other platforms, Honeycomb stood out by crossing the $1 million threshold yet again. A longer tail of capital was distributed across portals like SMBX, Vicinity, Climatize, Small Change, Commonwealth, and PicMii. Investor participation remains somewhat skewed toward platforms that report these figures consistently. StartEngine and Wefunder continue to lead in investor counts, while other platforms either report partial data or omit it altogether.

Outcomes by round status added additional color. Among all tracked Reg CF and Reg A+ campaigns, 453 were still active at month end. Another 73 closed after successfully reaching their funding targets, while 7 ended without such luck. 

Big Totals and Fast Climbs

November 2025: Investment CrowdFunding

At the top of the charts, MightyFly on Republic raised $2.76 million in November, making it the largest Reg CF campaign for the month. TerraCycle on DealMaker followed closely with $2.15 million. Jetoptera on Wefunder brought in approximately $838,000. Over on StartEngine, a trio of notable campaigns, Greenfield Robotics, GACW, and Modern Mill, all posted six-figure raises. Greenfield Robotics led the platform with about $663,000, while GACW added $653,000.

While these larger totals drew attention, smaller campaigns advancing quickly toward or beyond their caps told another story. X1 Labs on Wefunder raised nearly $200,000 against a $124,000 cap, finishing the month at more than 160% of its initial goal. Viit Health and Reem’s California, also on Wefunder, closed November above their maximum targets. In this case, Viit Health, took that as a sign to amend their filing with a nearly 5x maximum target. SMBX hosted its own capped-out campaign, Tanzie’s Cafe, at 114% of its goal. Also notable, Honeycomb’s Daddy’s Dough Cookies and Zorch Pizza did so well that they’ve already come back for seconds, both opening back-to-back rounds in November. 

Early Surges and Late Climbers

Looking at the full-month funding timeline, a number of campaigns came out strong in the first week of November. EnergyX raised $2.1 million in the first seven days of the month on DealMaker. HouseHack on Texture Capital brought in roughly $834,000 during that same window, and Death & Co added close to $500,000 on DealMaker. Several campaigns on StartEngine also booked early-month gains, including the platform’s own raise, as well as Fanbase and Future Cardia.

Late in the month, we saw a reshuffling of the leaderboard. HouseHack returned with another $608,000 raised. StartEngine added $330,000 to its self-raise in the final days. DealMaker saw continued momentum from RYSE, and M2i Global.

Fewer Fireworks, Continued Lift in Reg A+

The Reg A+ landscape in November featured 22 active campaigns raising a cumulative $8.4 million. This is down from $20.7 million in October and $27.3 million in September. But the activity remained structured, and investors continued to support campaigns with strong brands and long-term stories.

Miso Robotics led the field again with $18.4 million raised cumulatively on DealMaker, though its November inflow was a fraction of that total. Other campaigns on Texture Capital, DealMaker, and Andes Capital added to the total, with most in the early or middle stages of their fundraising arcs. While the lack of blockbuster closes pulled down monthly totals, the presence of steady mid-sized raises reinforced that the Reg A+ pipeline remains robust even in lower-volume months.

Momentum Persists Amid Smaller Checks

November’s funding results show an ecosystem still in motion. While the average investment shrank, participation remained strong and the number of active campaigns was steady. High-dollar rounds like MightyFly, TerraCycle, and EnergyX anchored the charts, but smaller rounds consistently hitting their goals reveal an investor base that remains highly engaged.

Reg CF and Reg A+ continue to operate in tandem, offering complementary pathways for startups across sectors and stages. The range of capital—from $100K campaigns on SMBX to multimillion-dollar raises on DealMaker—shows that founders still have access to meaningful funding when they can connect with their audiences.

In a season often associated with uncertainty, the market delivered one more important signal: investor trust in the equity crowdfunding model hasn’t wavered. November may not have broken records, but it confirmed that capital is still flowing. And that, heading into the close of 2025, is a headline worth watching.