About this raise

KingsCrowd, with a valuation of $10 million, is raising funds on Wefunder. The business is building the premier data company to power the alt-investing revolution. KingsCrowd provides alternative investing insights and analytics and has tracked more than 8,000 raises with over 300 data points on every raise. The platform also tracks exits and failures and founders, and functions as a one-stop solution for investors, operators, and industry insiders. KingsCrowd generated $735,000 in revenue in 2023 (cash basis, non-audited), a 60% year-over-year growth, and makes 50% of its revenue by B2B sales. Christopher Lustrino founded KingsCrowd in December 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for marketing and sales, R&D to expand across new asset classes and product features, and working capital.

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Investment Overview

Invested this round: $323,041

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
03/05/2024
Close Date
04/29/2024
Min. Goal
$50,000
Max Goal
$750,000
Min. Investment

$250

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Price Per Share

$0.16

Pre-Money Valuation

$10,000,000

Company & Team

Company

Year Founded
2017
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
Low
Location
Boston, Massachusetts
Business Type
High Growth
Company Website
Visit Website

Team

Employees
10
Prior Founder Exits?
Yes
Founder Name
Christopher Lustrino
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue +60% YoY
$735,000
 Monthly Burn
$37,400
 Runway
10.1 months

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$576,460

$497,392

COGS

$1,016,618

$287,722

Tax

$0

$0

 

 

Net Income

$-5,056,781

$-4,285,000

Summary Balance Sheet

FY 2022 FY 2021

Cash

$581,960

$136,525

Accounts Receivable

$25,000

$230,991

Total Assets

$4,013,950

$1,342,538

Short-Term Debt

$871,937

$1,110,880

Long-Term Debt

$6,389

$285,155

Total Liabilities

$878,326

$1,396,035

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Other Information

Disclosure

Investors come to Kingscrowd for quality data and fair, impartial analysis of startups. We take the trust investors have placed in us seriously. That’s why we’re not rating Kingscrowd’s raise on Wefunder or initiating an analyst report. Kingscrowd doesn’t — and won’t — play favorites. And we will do everything we can to maintain the trust you’ve placed in us.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$7,200,958
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/29/2024 Wefunder $10,000,000 $323,041 Equity - Common Funded RegCF / RegD 506(c)
05/18/2023 Dalmore Group $45,000,000 $86,200 Equity - Common Not Funded RegA+
08/06/2022 Republic $45,000,000 $4,315,724 Equity - Common Funded RegA+
09/30/2021 Netcapital $45,000,000 $1,099,744 Convertible Note Funded RegD 506(b)
03/13/2020 Netcapital $4,635,000 $998,467 Equity - Common Funded RegCF / RegD 506(c)
01/18/2019 StartEngine $4,244,382 $46,777 Equity - Common Funded RegCF
10/15/2018 Netcapital $2,103,140 $14,451 Equity - Common Funded RegCF
08/10/2018 Netcapital $1,926,999 $106,999 Equity - Common Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

Add to portfolio
Kingscrowd on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $0.16

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