[jordanthoms]

It does exist, where laws allow for it - in NZ we have Snowball effect which does this [1].

As others have said though, when there's so much early stage capital around and you could instead raise from a few angels or a early-stage VC (who will have a larger stake and may be more able to help with later rounds) equity crowdfunding isn't that attractive for most founders.

There are good businesses which for some reason can't access that funding which might show up on a platform like this, but don't see it being all that common.

1 - https://www.snowballeffect.co.nz/