KINGSCROWD MARKET INTELLIGENCE

A larger pre-revenue raise did not lead to faster go-to-market progress

Reg CF and Reg A+ follow-on raises by companies that were pre-revenue at the previous raise; 147 follow-on raises.

GO TO MARKET
Companies that previously raised less than $250K were more likely to report revenue next time than companies that raised $1M or more.
A larger pre-revenue raise did not lead to faster go-to-market progressShare of previously pre-revenue companies reporting revenue at the follow-on raise, grouped by initial amount raised.
Source: Kingscrowd data, raises closed by Aug. 12, 2026.
Method: Bars show simple shares within each amount group; $0 revenue denotes pre-revenue status.
Source data (3 rows)