KINGSCROWD MARKET INTELLIGENCE

Valuation gains shrunk with each return to market

Reg CF and Reg A+ follow-on raises with positive valuations reported at both raises; 1,114 follow-on raises.

VALUATION EVOLUTION
The typical valuation gain fell from 47% between raises one and two to about 6% after the fourth raise.
Valuation gains shrunk with each return to marketMedian follow-on valuation multiple by a company's raise sequence.
Source: Kingscrowd data, raises closed by Aug. 12, 2026. Both valuations must be positive.
Method: Bar length = median valuation ratio; hover details include quartiles and the simple share whose valuation increased.
Source data (4 rows)