View Offering on StartEngine Get Investor Brief

The online
private market
needs better data.

Kingscrowd tracks, rates, and analyzes startup investment opportunities across 100+ online private market platforms so investors can make smarter decisions.

Now, we're raising capital to expand the research, ratings, data, and fund infrastructure behind the online private market.

Get Investor Brief View Offering on StartEngine
Independent. Data-driven. Investor-first.
our take, not a list
Latest Ratings View all
CompanyRating
DDatagrid
4.6
AAltura
4.2
EEnveda
4.0
VValidMind
3.8
the whole market
Platforms Tracked
RRepublic
WWefunder
SEStartEngine
NNetcapital
SISeedInvest
live deal flow
Active Reg CF Companies
1,248Total Active
$285.4MTotal Target
scored by humans
Analyst Rating
4.2
Very Good
fresh every quarter
Investor Brief
May 2025
Quarterly Snapshot
Download PDF
Trusted across the online private market
We partner with leading platforms, funds, and institutions to bring transparency to private market investing.
Why Now

Private markets
are moving online.
The data hasn't
caught up.

Access opened the market. Intelligence makes it investable.

Get Investor Brief
1

Investment access is expanding.

Thousands of private companies are raising online—opening a historic window for investors.

more deals
than ever
2

Comparison is still difficult.

Data is scattered, metrics don't align, and quality signals are hard to find.

fragmented +
opaque
3

Kingscrowd was
built for the gap.

We aggregate, normalize, and analyze private market data—so you can see clearly and invest wisely.

intelligence
advantage
Early Signal

Kingscrowd has
real traction in a
fragmented market.

We're building the data, ratings, research, and investment-intelligence ecosystem for the online private market.

2,000+
Paying Users
they pay = they trust it
16,000
Registered Users
top of the funnel
$750K
Revenue in 2024
real, recurring
100+
Platforms Tracked
the whole market, one lens
300+
Data Points
Per Deal
depth, not noise
7
Acquisitions
Completed
we buy our moat
up and to the right
Total Valuation Trend
$2.68B
▲ 32% YoY
Q1 '22Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25
Total enterprise valuation of companies raising on tracked platforms
real-time deal flow
Hot Raises View all raises
L
Lime
Mobility
$170M
Series D
2h ago
O
OpenStore
Commerce Infrastructure
$120M
Series B
5h ago
V
Vanta
Security & Compliance
$50M
Series C
1d ago
A
Anduril Industries
Defense Technology
$1.5B
Series F
2d ago
D
Databricks
Data & Analytics
$800M
Series J
2d ago
Real-time raises from Kingscrowd's tracked universe

What makes
Kingscrowd hard
to replicate

Our moat isn't just database size—it's how we structure, review, compare, and turn private-market information into usable investor intelligence.

Structured at the source

We normalize company data, terms, and KPIs so every dealmaker can be compared on the same basis.

Analyst-reviewed for signal

Our analysts validate, challenge, and score each opportunity—filtering noise and surfacing what matters.

Comparable by design

A consistent framework across industries and stages enables true apples-to-apples evaluation.

Intelligence you can act on

Scores, notes, and benchmarks translate complex data into clear conviction and better decisions.

See how Kingscrowd rates deals

Our 5-dimension scorecard

The framework we use to evaluate every opportunity.
DimensionDescriptionExample FocusScore (1–5)
Price
undervalued vs comps
How attractive is the valuation relative to stage, growth, and comps.
Valuation vs. growth · Revenue multiple · Discount / premium
4.0
Market
big & still expanding
How large, growing, and accessible is the total addressable market.
TAM size & growth · Market validation · Regulatory tailwinds
4.0
Team
proven operators
Does the team have the expertise, experience, and execution track record.
Founder-market fit · Prior exits / outcomes · Advisor & board quality
5.0
Differentiation
real, defensible moat
How defensible is the company's advantage over alternatives.
IP / patents · Proprietary tech / data · Network effects
4.0
Performance
watch the margins
How strong are the current metrics and operational trajectory.
Revenue growth · Gross margin · Retention / unit econ
3.0
Overall Analyst Rating
Weighted view across all five dimensions.
4.1
Attractive
Revenue
multiple?
TAM
verified?
Execution
history?
Patent
moat?
Gross margin?
Path to profit?

Anyone can store the data.
We connect the dots.

Filings, financials, platform data, and updates are just raw content and reporting. Kingscrowd's intelligence layer sits on top — turning scattered signals into one clear, investable point of view.

this layer is the special sauce
see how it
all connects?
Content & Reporting
Raw, scattered, hard to compare
  • SEC Filings1M+
  • Financials120K+
  • Platform Data100+
  • Company Updates50K+
  • KPIs & Traction300+/deal
  • News & Sentiment40+ sources
Kingscrowd Intelligence
Normalize
Every metric on one basis
Analyst Review
Humans validate the signal
Score
5-dimension rating, 1–5
Benchmark
Compared across the market
Investor Conviction
One clear, comparable verdict
4.2Attractive
Trading below sector comps for its growth and stage — strong team, expanding market.
▲ Strong momentum Fair value $98 Top decile

Our intelligence layer is built for
private market decisions.

Kingscrowd collects, standardizes, and analyzes private-market data across offerings, platforms, filings, updates, financials, and analyst reports—so you can surface signals, compare opportunities, and act with confidence.

"The harder private markets are to
compare, the more valuable
Kingscrowd becomes."
we score it, not just list it
Latest Ratings View all ratings
CompanyRatingFair ValueMomentum
See all 18,742 rated companies
written by analysts, not bots
Latest Analyst Reports View all reports
O
OpenAI: Compounding Moats in AI
Sector Update
May 14, 2025
Analyst Note
D
Databricks: Data + AI Flywheel
Company Update
May 13, 2025
In-Depth
S
Stripe: Durable Growth at Scale
Company Update
May 12, 2025
In-Depth
C
Canva: Expanding the Design Moat
Company Update
May 9, 2025
Analyst Note
R
Rippling: Workflow Platform Power
Company Update
May 8, 2025
Quick Take
live deal flow
Active Reg CF Companies
1,286
Live Reg CF offerings
▲ 23 this week
we track the misses too
Latest Exits & Failures
Exits
Instacart
Acquired by Maplebear · $11.0B · May 13
Pioneer Square Holdings
IPO · $2.8B · May 9
Discord
IPO · $1.5B · May 8
Failures
Convoy
● Shutdown · May 7
Altitude Labs
● Shutdown · May 5
Reonomy
● Shutdown · May 2
the whole market, sized
Total Private Market Valuation
$10.7T
May 2025
▲ 6.2% vs. Apr 2025
Kingscrowd Capital

We invest in our
own ratings.

Our research finds the opportunities. Our capital backs them. Every outcome flows back into the data—a self-reinforcing loop no competitor can copy.

Learn about Kingscrowd Capital
Rate
Every raise scored on our 5-dimension rating.
all on one basis
Research
Analysts diligence the deals worth backing.
humans, not bots
Invest
Kingscrowd Capital invests alongside our members.
skin in the game
Learn
Portfolio results retrain our rating models.
every outcome sharpens the next rating
Chris Lustrino
Co-Founder & CEO
20+ years in private
markets data & investing
Why we built Kingscrowd
“Private markets are too important to navigate with incomplete information. Investors deserve the same data discipline, transparency, and rigor they expect in public markets.”

Recent Kingscrowd Updates

Key milestones, product launches, and insights from the Kingscrowd team.
AcquisitionMay 20, 2024
Kingscrowd Acquires TruCrowd

Expanding our secondary market infrastructure and investor liquidity solutions.

Read more
Product LaunchApr 30, 2024
Introducing Portfolio Analytics 2.0

Deeper insights, benchmarking, and real-time performance tracking for investors.

Learn more
Analyst ReportApr 15, 2024
Q2 2024 Alternative Investments Report

Trends, valuations, and emerging opportunities in private markets.

View report

Frequently Asked Questions

Answers to the most common questions from our investors.
Kingscrowd generates revenue through paid research subscriptions, data licensing to platforms and institutions, and management fees from Kingscrowd Capital. Our model aligns directly with the growth of the online private market.
Those are fundraising platforms where companies raise capital. Kingscrowd is the independent intelligence layer above them—we rate, research, and compare deals across 100+ platforms so investors can evaluate opportunities objectively, no matter where they're raising.
Kingscrowd Capital is our investment arm. It uses our proprietary ratings, research, and analytics to identify and invest in the strongest private-market opportunities—creating a feedback loop that strengthens our models over time.
Full offering terms, disclosures, and risk factors are available on our StartEngine offering page. We encourage every prospective investor to review them in full before investing.

Ready to invest in the next generation of private companies?

Join thousands of investors building their alternative investment portfolios on Kingscrowd.

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