Name: Three-year failure rates peaked for the 2018 cohort
Creator: Kingscrowd

Kingscrowd market intelligence

Three-year failure rates peaked for the 2018 cohort

Observed failures within 36 months of each company’s first tracked Reg CF or Reg A+ campaign

FIRST-ROUND COHORTS

The 2018 cohort reached a 10.9% three-year failure rate, compared with 3.7% for the 2022 cohort.

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Period or category	Failure rate within 36 months
2016	3.2%
2017	5.8%
2018	10.9%
2019	6.8%
2020	7.6%
2021	6.7%
2022	3.7%

Metric class: COHORT. Source: Kingscrowd Company Activity Feed and H1 2026 Reg CF/Reg A+ raise snapshots. Data through 2026-08-03. Each cohort receives the same 36-month observation window. The 2016 cohort is small, campaign-roster coverage improves after 2017, and outcome backfill can raise historical rates.