Is it harder to raise funding if you operate a “sin” company?
For years, entrepreneurs in the legal gambling, tobacco, firearms, alcohol and, particularly, sex industries have had the additional hurdle of convincing investors that their products should not be off the investing list. Medical and recreational cannabis businesses have the same issue these days.
Now, crowdfunding platform AdultXFunding (no endorsement implied) is aiming to help those in the “sex tech” industry.
Although other crowdfunding portals will host these products, many will not promote them. This UK portal has both rewards and equity crowdfunding options.