Overview

Raised to Date:
$219,044 - RegCF
$1,400,294 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/04/2024

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

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/25/2024

Days Remaining

3

% of Min. Goal

438%

% of Max. Goal

29%

Likelihood of Max
unlikely
Avg. Daily Raise

$4,212

# of Investors

175

Momentum
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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

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.

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

Financials as of: 03/04/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
KingsCrowd 04/28/2024 Wefunder $10,000,000 $1,400,294 Equity - Common Active RegCF / RegD 506(c)
KingsCrowd 05/17/2023 Dalmore Group $45,000,000 $86,200 Equity - Common Not Funded RegA+
KingsCrowd 08/05/2022 Republic $45,000,000 $4,315,724 Equity - Common Funded RegA+
KingsCrowd 09/29/2021 Netcapital $45,000,000 $1,099,744 Convertible Note Funded RegD 506(b)
KingsCrowd 03/12/2020 Netcapital $4,635,000 $998,467 Equity - Common Funded RegCF / RegD 506(c)
KingsCrowd 01/17/2019 StartEngine $4,244,382 $46,777 Equity - Common Funded RegCF
KingsCrowd 10/14/2018 Netcapital $2,103,140 $14,451 Equity - Common Funded RegCF
KingsCrowd 08/09/2018 Netcapital $1,926,999 $106,999 Equity - Common Funded RegCF
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Price per Share History

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

Valuation History

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.

Employee History

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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.

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KingsCrowd on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Common
Valuation: $10,000,000
Price per Share: $0.16

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