A Regulation A+ (or Tier 1) offering is available to all investors, regardless of accreditation status, and allows a startup to raise up to $20 million over 12 months.

Tier 2 offerings under Reg. A+ are more common because they lack the burdensome requirements for state-by-state qualification. They also feature higher maximum fundraising limits ($50 million rather than $20 million).

Category: Angel Investing/Crowdfunding