Vicinity
- Company typePrivate
- Founded2024
- HeadquartersGreenville, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
Vicinity firmographics
Firmographics- Name
- Vicinity
- Legal name
- Vicinity, LLC
- Website
- https://vicinityventures.co
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Vicinity industry classification
Industry- Product category
- Crowdfunding Investment Platform
- NAICS
- Investment Banking and Securities Intermediation (523150), Miscellaneous Intermediation (52391)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Venture Capital Fundraising Placement (FSAEALAC)
- akta.pro secondary industry
- Creator Fundraising & Crowdfunding Platforms (Recurring/Project-Based) (MPACAFAJ)
Keywords
Where Vicinity is headquartered
LocationHeadquarters
- HQ city
- Greenville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Vicinity business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Others
Revenue model
- Issuer Commission (Platform Fees): Vicinity charges issuers a standard 6% commission upon successful fundraise plus 2% of the raised capital in the form of securities (same terms offered to investors). Additional services include a $3,000 fee for Testing the Waters page build and strategy. The compensation is typically a combination of cash and securities.
- Investor Service Fee: Vicinity charges 1% of amounts paid back to investors from the issuer. No upfront fees for investors.
- Venture Club Membership: $49/month subscription providing 5% bonus shares on all investments, early access to deals, advanced market analysis, and priority support.
- VentureSouth Membership: $275/month subscription for accredited investors providing 10% bonus shares for public offerings, access to private early-stage offerings, exclusive investor and pitch events, professional investment administration, and comprehensive education resources.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | One time/ perpetual license | Issuer Fundraise Fee - 6% cash + 2% securities of raised capital |
| Subscription | Monthly | Venture Club - $49/month with 5% bonus shares |
| Subscription | Monthly | VentureSouth - $275/month with 10% bonus shares |
| Transaction based/ take rate | Pay-as-you-go | Investor Returns Fee - 1% of amounts paid back from issuer |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
Vicinity product offering
Product offeringCore offering
Vicinity operates a Regulation Crowdfunding (Reg CF) funding portal that enables early-stage companies, real estate projects, and local businesses to raise up to $5 million per year from individual investors through offerings of equity, convertible notes, SAFE notes, revenue share, and term loans. The platform supports both non-accredited retail investors and accredited angel investors with curated, community-sourced deal flow, and supplements its portal with the VentureSouth angel network and paid Venture Club / VentureSouth membership tiers offering bonus shares and early deal access.
Product overview
Vicinity operates a unified crowdfunding investment platform comprising the core Vicinity Platform for Regulation Crowdfunding offerings, supplemented by the Venture Club premium membership tier and the VentureSouth angel investment network acquired in 2024. The platform enables companies to raise up to $5 million annually through equity, convertible notes, revenue share, and term loan structures, while offering investors curated deal flow, community networking, and membership benefits including bonus shares.
Differentiator
Problem solved
Functional benefit
Brands
- Venture Club: Premium membership plan offering 5% bonus shares on investments, priority access to deals, and advanced market analysis for $49/month.
- VentureSouth
Products and services
- Vicinity Platform (Reg CF Funding Portal) SEC- and FINRA-registered Regulation Crowdfunding funding portal where private companies list offerings and individual investors (accredited and non-accredited) browse and invest. Supports offerings of equity, convertible notes, SAFE notes, revenue share, and term loans of up to $5 million per year per issuer, with built-in accreditation verification, investment limit calculations, Form C filing support, and escrow handling through North Capital.
- Venture Club Membership Recurring investor subscription product available to all investors at $49 per month, providing 5% bonus shares on RegCF investments, early access to new offerings, advanced market analysis, and priority support. Designed as an entry-level paid tier between the free offering access and the accredited-only VentureSouth tier.
- VentureSouth Membership Accredited-investor subscription product offered at $275 per month, providing 10% bonus shares on public offerings, access to private early-stage Southeast offerings, exclusive investor and pitch events, professional investment administration, and comprehensive angel-investing education. Backed by VentureSouth's track record of investing nearly $100M across 120+ companies since 2008.
- Testing the Waters Campaign Pre-offering marketing service for issuers enabling them to gauge investor interest before committing to a full Regulation Crowdfunding campaign. Sold separately to issuers for a $3,000 fee covering strategy, page build, and use during the testing phase.
Quantifiable outcome
- $100M+ invested through the platform
- +4 more outcomes
Companies that use Vicinity
Customer profileNamed customers4 records
Segments5 records
Ideal customer profiles3 records
Vicinity technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Vicinity partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- EnSilica plccoreVicinity announced a partnership with EnSilica plc for a £10 million project focused on developing next-generation satellite user terminals for satellite-based mobile connectivity. The collaboration aims to accelerate advancements in next-gen satellite terminal technology. No further details on timelines, technical specifications, or strategic implications were provided.
- North CapitalcoreNorth Capital serves as the escrow agent for Vicinity's crowdfunding platform. Investor funds are held in escrow by North Capital until fundraising targets are met, at which point funds are transferred to the issuer, or refunded if the offering fails.
- VentureSouthcoreVentureSouth operates angel investor groups and funds that support early-stage technology companies in the Southeast. The organizations merged in 2024 to form Vicinity Ventures, combining Reg CF crowdfunding with angel investing capabilities. VentureSouth has invested nearly $100M in 120+ companies since 2008.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Vicinity competitors and assessment
Company assessmentDirect peers
- Wefunder: Largest US Regulation Crowdfunding portal offering equity, debt, and SAFE investments across all 50 states. Directly competes with Vicinity for the same issuer and retail investor base, but at materially greater scale and national reach.
- SeedInvest: Equity crowdfunding platform focused on vetted startup and early-stage deals, operating as a registered broker-dealer. Comparable to Vicinity in selective deal curation but with a national investor base.
- Republic: Multi-jurisdiction online investment platform spanning Reg CF, Reg A+, and Reg D alongside private funds. Competes directly with Vicinity in equity and SAFE crowdfunding for startups, with broader product breadth and crypto exposure.
- Honeycomb Credit: Reg CF portal specializing in small-business and brick-and-mortar raises via revenue share and debt offerings. Closely comparable to Vicinity's local-business and 'brick & mortar' segment focus.
- StartEngine: SEC-registered funding portal and broker-dealer enabling startups and small businesses to raise capital from retail investors. Overlaps directly with Vicinity's Reg CF offering model and competes for issuer mindshare.
- MainVest: Regulation Crowdfunding portal focused on local brick-and-mortar businesses and food/beverage concepts using revenue-share notes. Direct overlap with Vicinity's community and SMB issuer mandate.
Broad incumbents
- AngelList: Broader platform for venture fund formation, syndicates, and rolling funds. Overlaps with Vicinity's accredited-investor and angel-investing offering through VentureSouth, but with substantially wider product scope.
- Fundrise: Large online real estate investment platform with Reg A+ and REIT offerings for retail investors. Comparable to Vicinity's real estate offering category but operating at much greater scale and with a national footprint.
- YieldStreet: Alternative investment platform offering fractional access to private credit, real estate, and other asset classes. Comparable to Vicinity in democratizing alternative investments but at significantly larger scale and with institutional product breadth.
Regional players
- Localstake: Crowdfunding portal connecting local investors with community businesses, with geographic emphasis in the Midwest. Comparable in mission and 'invest local' positioning, but operating in a different US region from Vicinity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Vicinity social profiles
Digital presenceVicinity compliance and trust
Trust signalCompliance3 records
Vicinity financial estimates
Financial estimateRevenue estimate
Valuation estimate
Vicinity leadership team
Management profileNumber of profiles
Profiles2 records
Vicinity funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Vicinity M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Vicinity
What does Vicinity do?
Vicinity operates a Regulation Crowdfunding (Reg CF) funding portal that enables early-stage companies, real estate projects, and local businesses to raise up to $5 million per year from individual investors through offerings of equity, convertible notes, SAFE notes, revenue share, and term loans. The platform supports both non-accredited retail investors and accredited angel investors with curated, community-sourced deal flow, and supplements its portal with the VentureSouth angel network and paid Venture Club / VentureSouth membership tiers offering bonus shares and early deal access.
Is Vicinity a public or private company?
Vicinity is a private company. It is classified as venture growth investor backed and is currently operating.
When was Vicinity founded?
Vicinity was founded in 2024. It employs 1 to 10 people.
Where is Vicinity based?
Vicinity is headquartered in Greenville, United States, in the North America region.
How does Vicinity make money?
Four revenue lines are on record. Issuer Commission (Platform Fees) is the primary driver. The others are investor Service Fee, venture Club Membership and ventureSouth Membership.
Who are Vicinity's main competitors?
Direct peers on record are Wefunder, SeedInvest, Republic, Honeycomb Credit, StartEngine and MainVest. Broad incumbents are AngelList, Fundrise and YieldStreet. Localstake is listed as a regional player.
Does Vicinity have an API?
No public API is recorded for Vicinity.
What industry is Vicinity in?
Vicinity's product category is Crowdfunding Investment Platform. Its primary akta.pro industry code is FSAEALAC, Venture Capital Fundraising Placement, with a secondary code of MPACAFAJ, Creator Fundraising & Crowdfunding Platforms (Recurring/Project-Based). Its NAICS code is 523150 and its SIC code is 6211.