Issuers in a crowdfunding transaction can raise capital from non-accredited investors. As of 05/26/2016, anyone; including non accredited investors, can invest via crowdfunding platforms

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Unit 1 Unit 2 Unit 3 Unit 4

For Crowdfunding transactions, all of the following are requirements for eligible US Companies to be exempt from SEC registration EXCEPT

The aggregate amount the issuer sells to all investors in a 12-month period does not exceed $1 million

Issuers are in compliance with required SEC disclosure filings

The transaction is conducted through either a registered broker-dealer or a registered funding portal

Issuers solely raise capital from accredited investors during the first 12 month period