Companies raise funding to grow their businesses, but their success in using cash to fuel growth varies. As an equity crowdfunding investor, you might wonder: “How are the companies I invested in using my money?” To give you more insights, we compiled the top five companies actively raising a second, third, or fourth Reg CF or Reg A+ round. These companies demonstrated significant revenue growth between 2022 and 2023, thanks to their previous ECF raises.
  • Neighborhood Sun had the most impressive growth, generating nearly $3 million more in 2022 than in 2023. The company closed its third round in September 2022, raising $920k, which fueled its growth.
  • Pacha achieved the fastest year-over-year growth, with revenue increasing by 491% from $352k to $2 million—a remarkable feat for a bread business! It successfully raised $721k in June 2023.
  • Nuudii System also saw impressive growth, reaching $2.6 million in sales of its “boobwear” products in 2023. Nuudii raised over $300k in its last round and invested in marketing, which led to the company going viral on TikTok.
  • Contractor + is currently raising its last round and managed to more than double its revenue in 2023. The company raised over $100k last year without the help of any marketing agency.
  • Eli Electric Vehicles doubled its revenue, driven by the $1 million it raised last year in its third ECF round. With a car price of $11,900, the company grew its sales from 100+ cars sold in 2022 to 220+ in 2023.