# Wefunder

Wefunder is an other based in San Francisco, United States.

## Overview

- **Organization type:** other
- **Headquarters:** San Francisco, United States
- **Region:** North America
- **Address:** San Francisco, CA, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** wefunder.com

## Regulatory record

- **CRD number:** 167803
- **SEC file number:** 802-78113
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/167803

## About

Wefunder is an exempt reporting adviser in San Francisco, CA. It operates under the SEC's rules.

## Sectors

- FinTech
- Venture Capital

## Offices

- Pleasant Hill, CA, United States
- London, United Kingdom

## People

- Nick Tommarello — CEO & Co-Founder
- Mike Norman — Co-Founder & COO
- Gregory Genovese — Co-Founder & CTO

## Questions

### Who runs investment decisions at Wefunder?

Nick Tommarello, as CEO and Co-Founder, leads strategic direction. The firm does not disclose a dedicated CIO; investment decisions on which startups list on the platform are made by the Wefunder team based on diligence criteria, though the firm does not actively allocate capital to companies itself.

### Does Wefunder invest its own capital in startups?

Yes, through Wefunder Advisors, the firm makes direct investments in companies listed on its platform. The firm also deploys capital from its own balance sheet, though the size of that allocation is not publicly disclosed.

### How does Wefunder generate revenue?

Wefunder earns carried interest on gains from investments made through its platform and charges a small annual management fee to participating funds. The firm does not disclose detailed fee breakdowns.

### What regulatory framework does Wefunder operate under?

Wefunder operates as a Regulation Crowdfunding intermediary under the JOBS Act and FINRA. This allows non-accredited investors to participate in private startup investing, subject to annual investment limits.

### Can accredited investors use Wefunder differently?

Yes, accredited investors can access a broader range of offerings, including those under Regulation D, which has higher investment limits. Non-accredited investors are limited to Reg CF offerings with caps per a 12-month period.

### How does Wefunder source its deal flow?

Startups apply to list on the platform, and Wefunder selects companies based on its diligence process. The firm does not publicly disclose specific sourcing metrics but has stated it vets companies for viability and alignment with platform criteria.

### What is Wefunder's relationship with Y Combinator?

Wefunder was founded by Y Combinator alumni and was itself a Y Combinator company in the 2012 batch. Many startups from the Y Combinator network have subsequently listed on the Wefunder platform.

## Related profiles

- [MarketCounsel Consulting](https://altss.com/profile/marketcounsel)

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Last updated: 2026-08-14T12:30:00.000Z

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