KingsCrowd, a prominent data and service provider for the securities crowdfunding sector, has filed a Form C with the Securities and Exchange Commission, indicating its intent to raise money on StartEngine.
According to the Offering Memorandum, KingsCrowd is seeking a minimum amount of $10,000 and a max funding of $2.5 million. Investors will be receiving common equity in the company. Shares are being sold at a pre-money valuation of $13.9 million. Early investors may benefit form certain share bonus rewards.
KingsCrowd has pursued multiple funding rounds in the past, including under Reg A, Reg D and Reg CF. A Reg A funding round raised $4.29 million. In January, KingsCrowd raised $204,000 in relation to the acquisition of Crowd Lustro.
According to the document, KingsCrowd generated $716,965 in revenue during 2023. The company notes it continues to lose money which is typical of an early stage firm. Full year financials for 2024 are not available.
As of January 1, 2025, KingsCrowd reported $300,000 in cash on hand and a line of credit of just under $100,000.
KingsCrowd states that if it raises the maximum amount it should have sufficient funds to operate for three to four years.
The use of funds includes marketing and sales, new hires, and research and development. KingsCrowd is also planning the launch of an investment fund.
KingsCrowd main business is tracking data and analysis of issuers utilizing the Reg CF and Reg A securities exemptions. It also provides services for portfolio management.
The securities offering is not yet live on StartEngine and is subject to change.
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