Angel Funding (VAS Portal, d.b.a. Angel Funding), is a regulation crowdfunding portal that helps filmmakers like us in the sale of securities. They primarily work with film production companies that want to raise money to fund their projects.
Angel Studios works with many of the same filmmakers to distribute their film projects once they have been produced. Angel Studios is the platform responsible for distributing shows like The Chosen, Dry Bar Comedy, The Tuttle Twins, and more.
The regulations for crowdfunding investments require that we work with an escrow agent (in our case, North Capital) which is a financial institution. They are subject to the requirements of the Bank Secrecy Act which include AML/KYC checks. The acronyms AML/KYC stand for Anti-Money Laundering and Know Your Customer; these checks are standard anti-fraud and identity checks in the financial industry.
Providing your Social Security Number helps us verify your identity as part of the escrow agent’s required AML/KYC checks, but is also necessary in the event that the Issuer needs to create a tax-related filing on your behalf. Examples of why an Issuer would need to create a tax filing include if the Issuer is an LLC or if the Issuer distributes funds to investors.
We understand that sharing your personal information online can be a cause for concern. We protect your data by transmitting it using industry-standard encryption directly to the escrow agent, and we never store it in our own system.
At Angel Funding, we are committed to providing a secure and transparent platform for investors to support new and innovative projects. We encourage you to reach out to our helpdesk if you have any questions about investing with us.
Unfortunately at this time we're not able to offer the opportunity to invest to international supporters. The reason is that every country has its own, unique securities laws, and we conduct our offerings under the laws of the U.S. We know what is required to allow U.S. citizens to invest and be compliant with those laws, but we do not currently have the resources to identify and comply with the securities laws in other jurisdictions.
If you'd like to support the projects on Angel Funding in other ways, you can follow them on social media to stay up to date with their progress! Each Issuer has links to their social media accounts on their offering page.
You may invest as many times as you would like until you reach your investment limit under the crowdfunding regulations. (However, please know that if you invest multiple times in the same crowdfunding offering, your multiple investments may not help the "number of investors" ticker move.)
As part of regulation crowdfunding, Issuers are required to file semi-annual financial reports with the Securities and Exchange Commission (SEC). These are available for investors to view on the Issuer's SEC filing page. Issuers are also responsible for sending out investor updates with information about investments and the company.
To stay up to date on the Issuer's project, you can also follow them on social media. Check out the specific Issuer's offering page to find more information about where to find them.