Is there a legitimate way to raise more than the $50 mill cap with Regulation A+?
Yes. For businesses that can segment their market by geographic regions, it is possible to make multiple simultaneous offerings for one entity.
This method is particularly appropriate for RollUps, Venture Capital Funds that use 60% or more debt and 40% or less in equity holdings, and for Private Equity funds. Another suitable use os for Real Estate offerings, which can easily be segmented by geography.
For example, let's say a company is planning to buy a series of businesses and add value to them for future sale at a profit - Private Equity is a good example. A company can establish say six regions of the US and raise capital for each region simultaneously using a dedicated Reg A+ for each region. In this example, the maximum per year would be 6x50 = $300 million per year.
It is also possible to use this method to raise capital for a Venture Capital Fund that is primarily Debt based. It can have up to 40% of its assets in the form of equity holdings. By taking the multi-region approach a fund can be raised that could be very large.