Investors: you pay the company. Not StateCF. Offerings are limited to Florida residents.
About
StateCF: Unleashing Florida's Investment Potential
The Invest Local Act is transforming how Florida businesses access capital. Companies can raise funds by offering and selling securities to Florida residents through a registered intermediary, and individuals, regardless of income or wealth, can invest in the private companies they believe in.
Community-Powered Growth
Local businesses raise capital directly from their communities, deepening the connection between companies and their supporters.
Inclusive Access
Investment opportunities are open to everyday Florida residents, not only wealthy or institutional investors, within the statute's limits.
Secure & Regulated
All offerings are conducted under Chapter 517 with Florida Office of Financial Regulation oversight and investor protections.
Understanding Invest Local Act Requirements
Florida Company Eligibility
The issuer itself must meet Florida's intrastate requirements, including Florida formation, a principal place of business in Florida and primarily Florida operations and revenue. Registering to do business in Florida, filing a notice or using proceeds here does not make an out-of-state company eligible. StateCF explains the pathway; it cannot promise eligibility, which is a question for the issuer's counsel.
Funding Limits
Up to $500,000 under the Invest Local Exemption (§ 517.0612) and up to $5,000,000 under the Florida Limited Offering Exemption (§ 517.0611) in a 12-month period.
Investor Guidelines
Florida residents only. Non-accredited investors are limited to $10,000 per 12-month period under § 517.0612; accredited Florida residents are not subject to that cap.
Investment vs. Product Funding: A Clear Distinction
Traditional Product Funding
- Backers support projects for innovative products.
- They primarily receive discounted products in return.
- There is no ownership stake in the company.
Invest Local Act Funding
- Investors purchase securities and gain partial ownership.
- They expect a financial return, which is never guaranteed.
- The focus is on empowering companies to grow.
About StateCF: Your Partner in Florida Investment
StateCF, operating as a DBA of Sprowtt Inc., is a Florida OFR-registered intermediary. Our mission is to help Florida business owners raise capital faster, with less stress and more cost-effectively, by simplifying the documentation and the fundraising workflow, and to give Florida investors a transparent place to review those offerings.
Our founder helped shape the JOBS Act's capital-formation rules alongside Congress and the SEC and operated an SEC-registered, FINRA-member Regulation CF portal. He saw the federal path become too expensive for many companies, and built StateCF for the affordable state alternative: intrastate crowdfunding, with a lighter regulatory burden and a Florida-only audience.
Rigorous Evaluation & Selection
We review every issuer application and conduct bad-actor screening of officers, directors and 20% holders under § 517.0616.
Due Diligence & Compliance
We exercise due diligence to establish a reasonable belief that issuers comply with Chapter 517 and applicable federal and state law.
Education & Guidance
Investor education is required before subscribing, with current materials on risks and restrictions.
Facilitated Communication
Discussion boards and live conferences between investors and issuers throughout the offering.
What StateCF Cannot Do: Our Operational Boundaries
No Investment Advice
We do not provide investment advice or recommendations. Every investment decision is yours.
No Solicitation
We do not solicit purchases, sales or offers to buy securities. We are an intermediary platform.
No Fund Handling
We do not hold, manage, possess or handle investor funds or securities. Funds go to the Florida depository named by the issuer.
No Guarantees
We cannot promise any investment outcome and are not responsible for losses.
No Accuracy Guarantee
We do not guarantee the accuracy of issuer-supplied information. Do your own due diligence.
No Promoter Compensation
We do not compensate promoters, employees or agents for solicitation or based on the sale of securities.
Essential Considerations Before Investing
Investing in private companies differs from public-market investing. Many companies on the platform are small or early-stage with limited history or revenue. There is always a chance you may lose all of the money you invest.
Financial Preparedness
Only invest money you can afford to lose without affecting your essential needs.
Business Understanding
Understand the business model, its products and the market it operates in.
Security Type Knowledge
Understand the share class, lock-in periods and how, if ever, dividends are paid.
Risk Acknowledgment
All investments are made at your own risk, with no guarantee of return.
Professional Consultation
Consider consulting your own advisers before investing.
Florida Residency
Offerings are limited to Florida residents; a non-resident purchaser defeats the exemption.
Our Mission
StateCF.com champions financial empowerment by dismantling traditional barriers to capital. We democratize access through transparent, affordable solutions and give every Florida entrepreneur, from aspiring startups to established small businesses, a fair chance during the critical formation stage. Our mission is to make capital formation affordable: we found federal crowdfunding too expensive for many companies, so we built the state path. We do not charge investors, and issuer fees are reasonable and disclosed.
Founders
Launch intrastate offerings with a clear compliance path and no prohibitive upfront fees.
Investors
Review Florida opportunities in one place, with education and disclosures first.
Communities
Local businesses funded by local investors keep capital and jobs in Florida.
Brand Ambassadors: Driving Local Impact
Our Brand Ambassadors extend our reach beyond the web: they champion the mission in their communities, organize meetings that bring founders, investors and supporters together, and explain how the Invest Local model works. Ambassadors are not a sales force and do not recommend securities. Apply to be an Ambassador.
Strategic Alliances and Compliance
Capital Forge League, a 501(c)(3) education league, hosts the Florida Formation Weekend and Capital Formation Learning Day; ventures that graduate from its programs may choose to raise on StateCF. StateCF is affiliated through ownership with Sprowtt CF, a FINRA-member funding portal; this site is not regulated by FINRA. All programs comply with Chapter 517 and OFR rules.