FAQ

Here are some common questions on Infrashares.

InfraShares

What is InfraShares?

InfraShares is an online investment platform focused on infrastructure, smart-city technology, and renewable-energy projects. We operate as a funding portal registered with the SEC and a member of FINRA, which lets companies raise capital from the public — both accredited and non-accredited investors — through offerings conducted under Regulation Crowdfunding, alongside other exemptions such as Regulation D for accredited investors. Our aim is to connect investors with opportunities in the built environment that deliver lasting economic, social, and environmental value.

How Does it Work?

InfraShares brings investors and capital-seeking companies together on one platform.

  • For investors: browse live offerings, review each company’s offering materials and its Form C, and invest online — starting at the minimum each company sets.
  • For companies: raise capital from a network of investors focused on smart-city technology, infrastructure, and renewable energy, with a streamlined process for investor outreach, legal documentation, and processing investments.

Offerings are conducted under federal exemptions (most commonly Regulation Crowdfunding and Regulation D), and investor funds are held in escrow until an offering’s closing conditions are met.

How does InfraShares protect my information?

Protecting your information is a top priority. We use industry-standard safeguards: data is transmitted over encrypted (SSL) connections, sensitive information is protected with bank-level encryption, and all data is stored on servers in secure facilities. We maintain systematic processes for securing and storing data, and we limit access to your personal and financial information to authorized personnel only. For details on how we collect, use, and protect your personal information, please see our Privacy Policy.

For Investors

Can I Invest on InfraShares?

Yes. Offerings on InfraShares conducted under Regulation Crowdfunding are open to everyone 18 and older — you don’t need to be an accredited investor. To invest, you’ll create a free account, verify your identity, and acknowledge that you understand the risks. Some offerings may instead be conducted under other exemptions (such as Regulation D), which are limited to accredited investors; each offering page states who is eligible.

When will I get my investment back?

The companies and projects listed on InfraShares are privately held, and their securities are not traded on any public exchange. These are long-term, illiquid investments: be prepared to hold them indefinitely and to lose the entire amount. Investors generally only see a return if a liquidity event occurs — for example, the company is acquired or completes a public offering — in which case you’d receive your pro-rata share of any distribution. This can take five to seven years or longer, and in many cases no distribution ever occurs because the business doesn’t succeed. Securities bought under Regulation Crowdfunding also generally cannot be resold for one year after purchase, except in limited situations (such as transfers back to the issuer, to an accredited investor, to a family member, or in a registered offering). InfraShares does not make investment recommendations.

How much can I invest on InfraShares? Is there a minimum? Is there a maximum?

Yes. Because offerings on InfraShares are conducted under Regulation Crowdfunding, federal rules limit how much you can invest across all crowdfunding offerings in any rolling 12-month period, based on your income and net worth:

  • If either your annual income or your net worth is less than $124,000, you can invest up to the greater of $2,500 or 5% of the greater of your annual income or net worth.
  • If both your annual income and your net worth are $124,000 or more, you can invest up to 10% of the greater of the two, not to exceed $124,000 in any 12-month period.
  • Accredited investors are generally not subject to these limits.

The minimum investment is set by each company for its own offering and is shown on that offering’s page. These limits are set by the SEC and adjusted periodically for inflation; the figures above are current as of 2026. InfraShares does not provide investment advice regarding how much to invest within these limits — that decision is yours.

I'm not in the U.S. can I invest on InfraShares?

Whether someone outside the United States can participate in a specific offering depends on that offering’s terms and on the laws of your country of residence. If you reside outside the U.S., please review the individual offering page and consult your own legal and tax advisors before investing — some offerings may not be available to you.

How do I contact the company for diligence and general communication?

To learn more about a company or project, review the offering materials on its campaign page and, where provided, the company’s own website. Under Regulation Crowdfunding, questions and discussion about an offering should take place through the communication channel on the offering page, so the issuer’s responses are visible to all potential investors. Please avoid off-platform solicitations, and remember that InfraShares does not provide investment advice.

Will I receive project updates after I invest?

It depends on the company. Companies that raise under Regulation Crowdfunding are generally required to file an annual report (Form C-AR) with the SEC and post it to their website within 120 days after the end of each fiscal year, until that requirement ends under SEC rules. Beyond that required reporting, ongoing updates are up to each company. When a company posts updates to its offering or company page on InfraShares, you’ll be able to view them there and may be notified directly.

What does InfraShares consider when conducting due diligence on potential investment opportunities?

We only choose opportunities that pass our thorough screening process. As experts in engineering, construction, and real estate; we have the industry expertise to be able to vet investment opportunities in the Built Environment.  Once we determine the Shared Value of a company or project, it must pass our 15 Point Risk Evaluation test to be considered.

Shared Value

Does the investment generate lasting economic, social and environmental benefits by supporting the delivery or operation of public infrastructure?

If yes, then…

Risk Evaluation Test

Compliance Risks

  • Legal – Does the startup/project meet the legal criteria for a regulated crowdfunding offering?
  • Fraud |  Is there any reasonable basis for believing that the issuer or the offering presents the potential for fraud or otherwise raises concerns about investor protection?
  • Management |  A background and securities enforcement regulatory history check on each officer, director, and person holding more than 20 percent of the outstanding equity.
  • Fact Checking – Is the information presented in the pitch true? Can we verify key facts, contracts, and investments.

Financial Risks

  • Liquidity |  Does the offeror certify that they have enough post-closing liquidity (from the offering and any additional sources) to sustain operations for a specified number of months or a period of time which is clearly identified until the next planned funding round or, if a development project, to complete the proposed phase of the project?
  • Financing | How will changes and volatility in the credit and equity markets impact financing efforts and the capital structures of underlying infrastructure investments?
  • Leverage | Infrastructure investments may utilize significant leverage which may increase financial and refinancing risks.
  • Valuation | Investments and partnerships will be assessed to determine if appropriate and reasonable valuation procedures and methodologies are utilized by managers.  Has the issuer provided a reasonable analysis of their valuation when applicable?

Execution Risks

  • Traction – Has there been measurable progress, growth, and social proof? Is the company backed by other notable investors?
  • Team – Does this founder have the skills and vision to succeed? Beyond the founders, does the team have the right people in the appropriate roles—including experienced advisors?
  • Business Model |  Is the business proposal commercially reasonable?  Is there a clear and reasonable explanation of the exit strategy?
  • Technology | Is the investment based on un-proven technology and what is the risk associated with new technologies proposed? Do they have any projects completed or are  these their first projects? Any proof of concept?
  • Market | The infrastructure market is a developing market globally and investment opportunities may be impacted by market supply and demand.
  • Political & Headline Risk | Infrastructure investments may involve political activities and may introduce headline risk to investors.
  • Regulatory | Changes in regulatory mandates may impact investment returns and strategies.

Final Decision

After completing our due diligence, we will decide whether to offer the company the opportunity to conduct an offering on InfraShares.

Once the proper documentation is prepared, the offering will go live on InfraShares, where we will continue to monitor the campaign and help educate and inform investors.

How do we spot a good opportunity?

Team expertise

We have deep knowledge and roots in the infrastructure development industry and the contech startup ecosystem.  Our team’s educational background features some of the world’s best schools, including Stanford, Berkeley, CalPoly and Virginia Tech,  and others.

Trusted referrals

Much of our deal flow comes recommended by our vast network of partners: venture funds, accelerators, incubators, advisors, angel investors and founders networks.

Partners

InfraShares is an investor in each startup on our platform—we stand behind our companies and consider them partners. We support them post-fundraise and help with follow-on rounds if needed.

General considerations

  • Notwithstanding the foregoing, these investments are illiquid, risky and speculative and you may lose your entire investment. Additionally, the foregoing process does NOT guarantee that any company will be successful or that you will receive a positive return on your investment.
  • The foregoing summarizes our standard process. However, each diligence review is tailored to the nature of the company, so the aforementioned process is not the exact process for every issuer.
  • Completing the vetting process does NOT guarantee that the company has no outstanding issues or that problems will not arise in the future.
  • While the foregoing process is designed to identify material issues, there is no guarantee that there will not be errors, omissions, or oversights in the due diligence process or in the work of third-party vendors utilized by InfraShares.
  • Each investor must conduct their own independent review of documentation and perform their own independent due diligence and should ask for any further information required to make an investment decision.

InfraShares’ review determines whether an offering is eligible for our platform. It is not an endorsement or recommendation of any investment, not a guarantee of any outcome, and not a substitute for your own due diligence. All investment decisions, and the risks that come with them, are yours.

Can I cancel my investment after I commit?

Yes. Under Regulation Crowdfunding, you may cancel your investment commitment for any reason up until 48 hours before the offering’s stated deadline. During that window your committed funds are held in escrow and will be returned if you cancel. Within the final 48 hours before the deadline, commitments generally can no longer be cancelled — unless the company makes a material change to the offering. If a material change occurs, you’ll be notified and asked to reconfirm; if you don’t reconfirm within the required period, your commitment is cancelled and your funds returned.

What happens to my money if the offering doesn't reach its target?

While an offering is live, your funds are held by an independent escrow agent — not by InfraShares and not by the company. A company only receives the money if it reaches its minimum target amount and satisfies the offering’s other closing conditions by the deadline. If the minimum isn’t met, or the offering is cancelled, your committed funds are returned to you and the company receives nothing.

What am I actually buying when I invest?

It depends on the offering. Companies on InfraShares may offer equity (such as shares or LLC membership units), convertible instruments (such as SAFEs or convertible notes), debt, or revenue-sharing interests. The offering page and the company’s offering documents — including the Form C it files with the SEC — describe exactly what you’re purchasing, the price, the rights attached, and the key terms. Read these carefully, and consider consulting your own advisors, before you invest.

Are there any fees to invest?

No. InfraShares does not charge investors a fee to invest through the platform; InfraShares is compensated by the companies that raise capital, not by investors. You’re responsible for any taxes that may apply to your investment, and you should review each offering’s documents for any terms specific to that offering.

What are the risks of investing?

Investing in early-stage and private companies is highly speculative and isn’t suitable for everyone. You should only invest money you can afford to lose entirely. Key risks include: total loss of your investment; illiquidity (you may be unable to sell for at least a year, and possibly ever); dilution of your ownership in later financing rounds; limited ongoing information about the company; and the real possibility that the business fails. These are long-term investments with no guaranteed return. Nothing on InfraShares is a recommendation to invest, and InfraShares does not provide investment, legal, or tax advice — please consult your own advisors.

For Offerors

How can I raise capital on InfraShares?

Founding team members start by creating a personal account on InfraShares. Once you’re signed up and logged in, you can apply to raise by contacting us at capital@infrashares.com. If your company is a fit, a member of our team will reach out to begin our due-diligence process. Companies on InfraShares typically raise under Regulation Crowdfunding, Regulation D, or a combination, depending on your goals and eligibility.

How long does it take to raise money?

It varies. After you apply, our due-diligence and onboarding process typically takes a few weeks, depending on how quickly materials and legal documents are finalized. Once your offering is live, its length is set by your campaign timeline; under Regulation Crowdfunding an offering must remain open for at least 21 days, and stays open until it reaches its target and closing conditions, up to the deadline you set. Timelines differ from company to company.

When do companies receive investments?

While an offering is live, investor funds are held by an independent escrow agent. Your company receives the funds after the offering reaches its target amount, satisfies its closing conditions, and the required offering period has run. If the target isn’t met by the deadline, committed funds are returned to investors and no funds are released. Where an offering allows rolling or interim closes, funds may be released at defined milestones as described in your offering terms.

What happens if my round is oversubscribed?

If investor commitments meet or exceed your InfraShares allocation for the round, additional investors may still be able to commit capital. You have discretion over whether to accept oversubscriptions, within the limits of your offering’s maximum and applicable regulatory caps.

Will my profile be viewable prior to receiving approval to publish?

No. While you build your profile and offering, it stays private — visible only to you and the InfraShares team during review. Your offering becomes publicly viewable only after it has been reviewed and approved for publication.

Will my company's information remain confidential?

Information on your public company and offering pages is available to the public — by design, we encourage public and social engagement with your campaign. At the same time, we understand the importance of protecting sensitive information, so for offerings that include a Regulation D component (such as Rule 506(b) or 506(c)), we provide a secure, permission-based system to share sensitive materials with qualified investors on a controlled basis.

How is the valuation of my fundraising round determined?

Valuation and deal terms are set by your company, not by InfraShares. We can share market context, but the final valuation and terms are yours to set and disclose in your offering materials.

What does it cost to be on InfraShares?

InfraShares only succeeds when your raise does — there is no retainer, and our fees are success-based:

  • $0 retainer.
  • A 6% placement fee on funds raised through InfraShares (for example, $30,000 on a $500,000 raise).
  • A 2% equity fee, on the same terms as the round, on funds raised through InfraShares (for example, $10,000 on a $500,000 raise).

InfraShares also advances certain upfront costs related to escrow, operations, due diligence, and legal fees, which are reimbursed at closing.

How can I communicate with investors on InfraShares?

Under Rule 506(c), Regulation A+, and Regulation Crowdfunding, general solicitation is permitted and is an effective way to convert customers and community members into investors. InfraShares provides built-in tools to connect and communicate with potential investors, and our investment team may help facilitate warm introductions to value-add investors. Communications about a Regulation Crowdfunding offering should take place through the channels provided on the platform.

Does my company have to be incorporated in a specific state or with a particular structure?

We work with companies of multiple structures (C-corporations and LLCs for U.S.-incorporated companies), and they can be organized in any state. For offerings under Regulation A, we currently work with companies organized in the U.S. and Canada; for side-by-side offerings (Regulation D + Regulation Crowdfunding), companies must be organized in the U.S. Companies raising under Regulation D only may be organized outside the U.S.

How much can my company raise through Regulation Crowdfunding?

Under Regulation Crowdfunding, a company can raise up to $5 million from investors in any rolling 12-month period. Companies on InfraShares can also combine Regulation Crowdfunding with other exemptions (such as Regulation D) in a side-by-side offering to reach additional accredited investors. We’ll help you structure a raise that fits your goals and the applicable limits.

What are my ongoing obligations after a Regulation Crowdfunding raise?

After a successful Regulation Crowdfunding raise, your company must file an annual report (Form C-AR) with the SEC and post it on your website within 120 days after the end of each fiscal year, until you meet one of the SEC’s conditions for ending the requirement. You’ll also want to keep your investors informed. Our team can help you understand and stay on top of these obligations.

Important Disclosures

Investing in securities offered on InfraShares — including offerings made under Regulation Crowdfunding — involves a high degree of risk, and you should be prepared to lose your entire investment. These securities are not publicly traded, are highly illiquid, and generally cannot be resold for at least 12 months. Past performance does not guarantee future results, and no return is promised or assured.

Invest only funds you can afford to lose. Review all of an offering’s materials — including the issuer’s Form C filed with the SEC — and consult your own financial, legal, and tax advisors before investing.

InfraShares is a funding portal registered with the U.S. Securities and Exchange Commission (SEC) and a member of the Financial Industry Regulatory Authority (FINRA). InfraShares does not provide investment, legal, or tax advice, and nothing on this site is a recommendation to buy or sell any security. Neither the SEC nor any state securities regulator has reviewed, approved, or endorsed any offering, or passed upon the merits or accuracy of any offering materials. Any representation to the contrary is a criminal offense.