KINGSCROWD MARKET INTELLIGENCE

Raising a bigger follow-on ECF round isn't easy

Reg CF and Reg A+ follow-on raises; 1,180 follow-on raises.

ROUND SIZE
Above roughly $187K in the previous raise, companies typically raised less in their follow-on raise.
Raising a bigger follow-on ECF round isn't easyRelationship between the amount raised in an initial raise and the amount raised in its follow-on raise.
Source: Kingscrowd data, raises closed by Aug. 12, 2026. Amounts are shown on logarithmic axes.
Method: Dots are individual follow-on raises; the solid line summarizes the typical log-scale relationship.
Source data (1,180 rows)