Industry Analysis - May 10, 2023

Online Startup Investing in April 2023

  • April was a slow month for online startup investing. Just $48.3 million was committed across equity and debt deals, down from $82 million in March.
  • Like it did in March, Wefunder dominated the dollars invested for April, with $20.2 million from equity Regulation Crowdfunding (Reg CF) offerings. 
  • Business Services, Software, and Applications was the most popular industry for the month, bringing in $8.2 million from Reg CF equity offerings.
  • 243 equity deals closed in April — 238 Reg CF deals and five Regulation A deals.
  • There were 103 new deals that went live in April, down from 146 in March.

About: Olivia Strobl

Olivia comes to KingsCrowd with a background in venture capital and technology. She spent time at Glasswing Ventures, an AI-focused venture fund in Boston, before joining the KingsCrowd team. There she helped develop machine learning algorithms for the opportunity qualification of preseed and seed-stage startup companies. Prior to her time at Glasswing, Olivia worked in a lab studying the neural correlates of attention. She holds a degree in Neuroscience from Wellesley College.

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