Ratings and analytics company KingsCrowd has raised $1m in a funding round on the Netcapital funding portal.
KingsCrowd is a data-driven online private market ratings and analytics platform which helps investors make quick, informed decisions in the private markets.
San Francisco-based KingsCrowd is looking to build a database of private companies rated across various metrics, including market size, founder experience, business model, product or service differentiators and terms of the deal. These pieces of information are augmented by financial and operating data needed to be filed by the SEC.
The FinTech hopes to serve both individual investors and investment professionals, such as registered investment advisors, family offices and wealth advisors.
KingsCrowd CEO Chris Lustrino said, “These newly emerging online private markets are now transacting $4 billion to $6 billion yearly and growing rapidly.
“With the opportunity to invest like a venture capitalist, individuals and institutions are looking to pour dollars into earlier stage companies since so much growth now occurs before companies ever go public.”
Netcapital is a private securities platform which brings investors together with entrepreneurs.
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