As of June 14th, 2024, Mainvest has ceased operations and is no longer facilitating community capital raises, repayments, or investor/business communications.
When we launched Mainvest, we started a 5+ year mission to drive local economic growth and community wealth building through working with local entrepreneurs and the communities they serve to connect Main Streets across America. The journey was incredibly challenging - with our first couple of years spent navigating the implications of the pandemic, rolling into one of the most challenging environments for small businesses, navigating supply chain challenges, staffing challenges, rising interest rates and accelerated inflation. Despite these challenges, our team and the small business community remained resilient, impassioned, and fervently dedicated to building and supporting that mission.
Over the last 5 years, we saw community-dedicated investors deploy nearly $40mm of capital into brick and mortar entrepreneurs across the U.S., with the returns to their communities significantly outperforming traditional underwriting models. We’ve operated as a small team, pushing towards profitability ourselves in an incredibly challenging capital environment, and, unfortunately, the implosion of our back end service provider proved to be the final wall that we were unable to break through, forcing the decision to wind the business down.
To the 30,000+ investors and 400+ businesses we worked with, we thank you for the impact you provided to communities across the country.
Important: Regarding user finds frozen/held up in the Synapse bankruptcy, Mainvest leadership remains in direct contact with FINRA, Lineage Bank, and AMG and will be available to provide any future assistance to the Trustee in the return of funds to end users. Support@Mainvest.com will still be live and monitored at a limited capacity as we work with the end banks that hold our user funds to assist in the return of funds to all end users.