KINGSCROWD MARKET INTELLIGENCE

Doubling revenue came with the largest valuation gains

Reg CF and Reg A+ follow-on raises with positive valuations and a later fiscal year reported; 868 follow-on raises.

VALUATION & REVENUE
The typical valuation rose 68% when revenue at least doubled, versus 23% when revenue declined.
Doubling revenue came with the largest valuation gainsMedian follow-on valuation multiple across categories of annual revenue change.
Source: Kingscrowd data, raises closed by Aug. 12, 2026. Revenue is compared only when the fiscal year advanced.
Method: Revenue categories use annual figures reported at consecutive raises; bars show median valuation ratios, not averages.
Source data (6 rows)