Netcapital
Netcapital Inc. (Nasdaq: NCPL) is a Boston-based fintech operating an SEC-registered funding portal and FINRA-registered broker-dealer, providing digital private capital markets services to emerging growth companies and accredited and non-accredited investors. The company is currently exiting legacy crowdfunding to pivot toward AI-powered capital markets infrastructure built on its proprietary fundraising dataset.
- Company typePublic
- Founded2016
- HeadquartersBoston, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Netcapital does
Netcapital Inc. (Nasdaq: NCPL) is a Boston-based fintech company that has historically operated a digital private capital markets ecosystem, anchored by an SEC-registered funding portal at netcapital.com and the FINRA-registered broker-dealer subsidiary Netcapital Securities Inc. The platform enabled emerging growth companies to raise capital from accredited and non-accredited investors, with secondary trading capabilities delivered through an alternative trading system relationship with Templum Markets. Netcapital Advisors provided professional advisory and digital marketing services across verticals including biotech, technology, and public policy. Revenue was generated through transaction-based fees on capital raises, professional services fees, and consulting engagements.
The company's technology stack has expanded through multiple acquisitions and partnerships to include the NetNudge AI Agent Platform (acquired from Codesharp Corporation in May 2026), AI-driven design and rendering tools (acquired from Iverson Design in January 2026), Rivetz blockchain cybersecurity technology (acquired December 2025), and blockchain-based digital asset infrastructure developed with Horizon Globex GmbH and Silicon Prairie Holdings Inc. to support tokenized securities and real-world assets.
Under newly appointed CEO Todd Violette (April 2026), the company announced an exit from its legacy online capital formation and securities crowdfunding business to pivot toward AI-powered capital markets infrastructure, targeting recurring revenue from data-driven growth insights built on the company's proprietary dataset of historical fundraising campaigns. The pivot follows severe financial deterioration: Q3 FY2026 revenue of $94,000 (down 38.6% YoY), a FY2025 net loss exceeding $28 million, market cap compression from approximately $20M at the 2020 listing to roughly $3M in May 2026, and cash reserves of $715K as of Q3 FY2026. The company also signed a non-binding LOI in June 2026 to acquire Resmac, Inc. mortgage banking assets for $5M in stock, signaling a parallel expansion into residential mortgage services.
Netcapital firmographics
Firmographics- Name
- Netcapital
- Legal name
- Netcapital Inc.
- Website
- https://netcapitalinc.com
- Company type
- Public
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Netcapital Inc. (Nasdaq: NCPL) is a Boston-based fintech operating an SEC-registered funding portal and FINRA-registered broker-dealer, providing digital private capital markets services to emerging growth companies and accredited and non-accredited investors. The company is currently exiting legacy crowdfunding to pivot toward AI-powered capital markets infrastructure built on its proprietary fundraising dataset.
- Ownership category
- akta.pro rank
Netcapital industry classification
Industry- Product category
- Private Capital Markets Platform
- NAICS
- Portfolio Management and Investment Advice (523940), Securities and Commodity Exchanges (52321), Other Investment Pools and Funds (5259)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access) (FSAGAEAL)
- akta.pro secondary industries
- Capital Raising Advisory (Debt/Equity/Private Capital) (BPAHADAG), Prime Brokerage & Institutional Trading Services (FSAPADAF), Private Credit & Loan Tokenization Platforms (FSADAEAD)
Keywords
Where Netcapital is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Netcapital business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Others
Revenue model
- Funding Portal Transaction Fees: Netcapital operates an SEC-registered funding portal enabling private companies to raise capital from accredited and non-accredited investors. The platform generates transaction-based revenue from capital raises conducted on netcapital.com, historically the core revenue stream.
- Netcapital Advisors Consulting Services: Professional investors and digital marketing experts offer strategic advice across verticals including biotech, technology, and public policy. Services range from strategic advice to raising capital for companies at all stages.
- AI-Powered Capital Markets Infrastructure: Post-pivot strategy targeting recurring revenue from AI-powered tools that provide growth insights to client companies, leveraging proprietary dataset from years of private capital fundraising campaigns.
- Tokenization and Digital Asset Services: New revenue stream from blockchain-based digital asset offerings including tokenized securities and real-world assets, with compliant primary issuance and secondary trading capabilities.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Netcapital product offering
Product offeringCore offering
Netcapital operates a digital private capital markets ecosystem built around an SEC-registered online funding portal (netcapital.com) that enables emerging growth private companies to raise capital from accredited and non-accredited investors. The ecosystem is complemented by Netcapital Advisors (strategic advisory services), Netcapital Securities Inc. (a FINRA-registered broker-dealer for regulated capital formation), a beta secondary trading platform for private shares, and an emerging blockchain-based digital asset platform for tokenized securities. The company is strategically pivoting toward AI-powered capital markets infrastructure leveraging its proprietary dataset from years of historical fundraising campaigns.
Product overview
Netcapital is a digital private capital markets ecosystem consisting of multiple integrated products: the Netcapital.com online private investment platform (core product) enables companies to raise capital digitally from accredited and non-accredited investors; Netcapital Advisors provides professional advisory services; the SEC-registered funding portal and FINRA-registered broker-dealer (Netcapital Securities Inc.) enable regulated capital formation; and a Secondary Transfer Platform provides liquidity in privately held shares. Recent strategic pivot toward AI-powered capital markets infrastructure includes acquisitions of the NetNudge AI Agent Platform for enterprise automation and Iverson Design AI tools for visualization, plus development of blockchain-based digital asset capabilities for tokenized securities.
Differentiator
Problem solved
Functional benefit
Products and services
- Netcapital.com Online Private Investment Platform Online private investment platform enabling private companies to raise capital digitally from accredited and non-accredited investors. Provides access to pre-IPO investment opportunities and serves as the SEC-registered funding portal entry point for the Netcapital ecosystem.
- Netcapital Advisors Strategic advisory services team of professional investors and digital marketing experts offering strategic advice and capital formation services across verticals including biotech, technology, and public policy for companies at all stages.
- Netcapital Securities Inc. FINRA-registered broker-dealer subsidiary enabling expanded capital markets services including managed marketing campaigns, investor webinars, and improved analytics tools. Engaged for Regulation A+ offerings and expanded service capabilities.
- Secondary Trading Platform Platform providing potential liquidity in privately held shares through secondary trading capabilities for private securities, enabling investors to trade shares they previously could not easily exit.
- Blockchain Digital Assets Platform Blockchain-based digital asset infrastructure supporting tokenized securities and real-world assets with compliant primary issuance and blockchain-native secondary trading capabilities. PureWave Hydrogen Corp. was the first tokenization client engaged in January 2026.
- NetNudge AI Agent Platform AI-powered automation platform for enterprise workflows and customer engagement, acquired from Codesharp Corporation. Planned for integration into Netcapital's capital markets operations and potential licensing as a stand-alone AI service to other enterprises in private capital markets.
- Iverson Design AI Visualization Suite Proprietary AI-driven design, animation, and real-time rendering technology suite to enhance visualization of tokenized offerings for retail investors and issuers. Acquired from Iverson Design, LLC.
Quantifiable outcome
- MAGFAST raised more than $10 million through multiple offerings on Netcapital platform
- +3 more outcomes
Companies that use Netcapital
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
Netcapital technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability2 records
Feature5 records
Netcapital partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- PureWave Hydrogen Corp.coreFirst issuer of tokenized assets engaged by Netcapital. Netcapital commenced work with PureWave Hydrogen Corp. (TSX.V: PWH) for hydrogen drilling asset tokenization.
- Horizon Globex GmbHcorePartnership to expand platform support for compliant blockchain-based digital assets including tokenized securities and real-world assets with compliant primary issuance capabilities.
- Silicon Prairie Holdings Inc.corePartnership enabling blockchain-native secondary trading of digital securities, complementing the Horizon Globex primary issuance partnership.
- JD Merit Securities, LLCminorReferral agreement with JD Merit Securities, a leading boutique investment bank focused on serving middle-market technology companies.
- Templum Markets LLCcoreAlternative Trading System (ATS) partnership between Netcapital Systems LLC and Templum Markets LLC for secondary trading of private securities.
Scale indicators7 records
Recent moves11 records
Expansion highlights6 records
Netcapital competitors and assessment
Company assessmentDirect peers
- AngelList Venture: AngelList is a leading online platform for startup fundraising, syndicates, and rolling funds. Comparable to Netcapital's core offering of facilitating private capital raises for emerging growth companies, with a larger and more mature investor network.
- Wefunder: Wefunder is an SEC-registered funding portal enabling equity crowdfunding from accredited and non-accredited investors. Competes directly with Netcapital Funding Portal for issuer capital raises and investor engagement under Regulation Crowdfunding.
- SeedInvest: SeedInvest is an SEC-registered funding portal and FINRA-regulated broker-dealer focused on startup equity crowdfunding. Directly overlaps Netcapital's regulated capital formation stack and target issuer base.
- Republic: Republic operates a multi-jurisdiction private investment platform with SEC-registered funding portal, broker-dealer, and tokenization capabilities (Republic Crypto). Directly comparable to Netcapital's funding portal, advisor, and digital asset offerings, with overlapping issuer and investor audiences.
- StartEngine: StartEngine operates an SEC-registered funding portal and broker-dealer supporting Regulation A+, Reg CF, and Reg D offerings. Comparable to Netcapital's regulated funding portal and broker-dealer subsidiaries for raising capital from retail and accredited investors.
- EquityZen: EquityZen operates a secondary marketplace for pre-IPO company shares, comparable to Netcapital's Secondary Transfer Platform developed through the Templum Markets ATS relationship.
Broad incumbents
- Carta: Carta is the dominant cap table management and private market infrastructure platform. While it does not directly operate a funding portal like Netcapital, it is a broad incumbent serving the same private capital markets ecosystem with overlapping customer base of issuers and investors.
- Forge Global: Forge Global is a leading institutional secondary marketplace for private company shares with significantly greater scale and capital than Netcapital's secondary trading platform. Comparable in product offering (private share liquidity) though broader in market reach and sophistication.
Others
- KingsCrowd: KingsCrowd is a Netcapital portfolio company that aggregates and rates companies raising on platforms like Netcapital. While not a direct competitor, it sits within the same private markets ecosystem, trusted by 100,000+ investors for vetting startup investments.
Emerging players
- tZERO: tZERO operates a blockchain-based alternative trading system for digital securities. Comparable to Netcapital's blockchain/tokenization partnerships with Horizon Globex and Silicon Prairie, though more established in the security token space.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Netcapital social profiles
Digital presenceNetcapital compliance and trust
Trust signalCompliance2 records
Netcapital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Netcapital leadership team
Management profileNumber of profiles
Profiles4 records
Netcapital subsidiaries and ownership
Company hierarchySubsidiaries5 records
Netcapital funding detail
Funding detailFunding overview
Funding rounds7 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Netcapital M&A and investment
M&A and investmentM&A3 records
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Netcapital
What does Netcapital do?
Netcapital operates a digital private capital markets ecosystem built around an SEC-registered online funding portal (netcapital.com) that enables emerging growth private companies to raise capital from accredited and non-accredited investors. The ecosystem is complemented by Netcapital Advisors (strategic advisory services), Netcapital Securities Inc. (a FINRA-registered broker-dealer for regulated capital formation), a beta secondary trading platform for private shares, and an emerging blockchain-based digital asset platform for tokenized securities. The company is strategically pivoting toward AI-powered capital markets infrastructure leveraging its proprietary dataset from years of historical fundraising campaigns.
Is Netcapital a public or private company?
Netcapital is a public company. It is classified as public and is currently operating.
When was Netcapital founded?
Netcapital was founded in 2016. It employs 11 to 50 people.
Where is Netcapital based?
Netcapital is headquartered in Boston, United States, in the North America region.
How does Netcapital make money?
Four revenue lines are on record. Funding Portal Transaction Fees are the primary driver. The others are netcapital Advisors Consulting Services, AI-Powered Capital Markets Infrastructure and tokenization and Digital Asset Services.
Who are Netcapital's main competitors?
Direct peers on record are AngelList Venture, Wefunder, SeedInvest, Republic, StartEngine and EquityZen. Broad incumbents are Carta and Forge Global. KingsCrowd is listed as an others. tZERO is listed as an emerging player.
Does Netcapital have an API?
No public API is recorded for Netcapital.
What industry is Netcapital in?
Netcapital's product category is Private Capital Markets Platform. Its primary akta.pro industry code is FSAGAEAL, Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access), with a secondary code of BPAHADAG, Capital Raising Advisory (Debt/Equity/Private Capital). Its NAICS code is 523940 and its SIC code is 6211.