Hi there,
July showed that strong crowdfunding campaigns are still finding investors. More than two-thirds of Reg CF rounds that closed during the month were successful, highlighting where opportunities are breaking through. See what else stood out in the July data.
CHART OF THE WEEK
By Chris Martin | Read
Regulation Crowdfunding raised about $22.89 million, while Reg A added $43.04 million and kept the broader monthly total from looking quite as thin.
Out of 66 Reg CF rounds that closed in July, in over 400 total rounds available, 43 closed successfully. That’s over a two-thirds success rate for companies planning on closing. Their average final investments were about $231,000, with a median about $95,000. Nine reached at least 90% of their maximum funding target.
PITCH REVIEW 💸
By Léa Bouhelier-Gautreau | Deal Report
Brief: Bito
Léa’s Quick Take: I feel like the AI excitement in the coding world is going down a bit. On one hand, many companies are realizing that AI becomes expensive as usage increases. On the other side, coding quality is limited by context: the AI might not understand how the entire codebase fits together, why certain decisions were made, or the rules and patterns a team follows.
Bito is trying to help. It is building a context layer, meaning a system that continuously understands a company’s codebase, how all the different pieces connect, and the knowledge behind it, then gives AI agents the right context when they need it.
Bito is already showing good results. As of today, it has about $600,000 in ARR from 60 paying customers, with its largest customer paying around $150,000 per year. Adoption isn’t that surprising to me because there is a pretty clear ROI. Bito says it can cut AI token costs by 30% to 50%, so companies can directly save money. And it also saves time. Privado developers reported saving more than two hours per day using Bito. Apica made code reviews 83% faster. Kredivo cut technical design work from two weeks to four hours. These are the types of numbers that make it pretty easy for a company to understand why it would pay for the product.
Here’s what really makes me interested in this deal: co-founder and CEO Amar Goel has done this before. He co-founded PubMatic and took the company public on Nasdaq in 2020. He now has the right playbook and the right network to get Bito in front of large companies. In AI software, where everything is moving incredibly fast, I think having a founder who has already built and scaled a major software company is a strong advantage.
There still are major risks. Bito is going against companies like Cursor, GitHub/Microsoft, Anthropic, OpenAI, Google, and Sourcegraph, and many of them are already working on giving their AI tools better context. What happens if context simply becomes a standard feature inside every major AI coding tool? Bito needs to prove that what it is building is significantly better, especially for huge companies with thousands of engineers and massive codebases. Otherwise, why would a company pay Bito separately if Cursor, GitHub, or another tool can eventually give them something similar?
And then there is the valuation. A $90 million valuation is asking investors to pay a large “AI” premium for a company with only $600,000 in ARR. It’s extremely expensive and will considerably limit investors’ returns. Such a valuation can only be justified in one case: if investors think that this is the price to pay to get an experienced CEO in an industry where everything is moving extremely fast.
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NEWS & NOTES
💰Bonus shares are now available for Kingscrowd investors
Kingscrowd recently announced its expansion into the European private markets with Over Ventures in Milan. As we begin building Kingscrowd Europe, we’re also offering new bonus share incentives through our current StartEngine raise.
Kingscrowd Europe will bring our private market data, research, and ratings infrastructure to a new market and significantly expand the universe of deals we cover. Investors interested in supporting Kingscrowd as we make that expansion can view the offering and full incentive details on StartEngine.
STAFF PICKS 🌶️
By Léa Bouhelier-Gautreau
StartEngine is raising again, and its numbers are better than ever. The crowdfunding giant more than doubled its revenue from 2024 to 2025, reaching $109.6 million, and, even more importantly, it turned a profit. That's great news for the thousands of investors who have backed StartEngine over the years, and it makes the company's steep $2 billion valuation a little easier to justify.
By Teddy Lyons
Green Coffee Company, Colombia's largest coffee producer, is raising at a $365.8M valuation even though revenue actually fell from about $34M in 2024 to $26M in 2025 and losses widened. At roughly 14x declining sales, is this overvalued?
By Teddy Lyons
VidAngel, the family filtering service that scrubs profanity and violence out of Netflix and Prime, is raising on Opera mainly to buy out an investor entitled to 14.5% to 22% of its revenue, a stake that ate roughly $2.1M of its $14M in 2025 sales. This is less of a growth story than a company buying back its own cash flow.
Until next week!
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