Where Are Kingscrowd Users Still Investing?

In this week's Chart of the Week, we revisit one of our most popular data stories, the raises Kingscrowd users have backed most, with one important filter applied. Every company on this list is still private and still operating. That means the IPO graduates (Monogram Orthopedics and Knightscope) and the companies that have since wound down drop off, leaving only the live positions our community is still holding today. StartEngine and Kingscrowd still lead on dollars, but the investor counts tell a more interesting story about where the crowd's enthusiasm really concentrates.

Join Kingscrowd founder & CEO Chris Lustrino and the Kingscrowd investment team for a live Demo Day featuring promising startups currently raising capital online. Hear directly from founders, learn about their businesses, and gain insights from the team that analyzes hundreds of private investment opportunities every year.

What does a successful startup exit actually look like?

Chris Graebe of IPO Deal Hunter joins Inside Startup Investing to discuss BeatBox's $490 million acquisition, recent crowdfunding-backed IPOs, and how he identifies private companies with real liquidity potential. If you're investing in startups, this episode offers a practical look at how exits happen and what investors should be watching for.

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A New Path from Private Capital to the Public Markets
Join Chris Lustrino, Jeanne Campanelli, Mark Elenowitz, and Gregg Jaclin for a founder-focused conversation on Reg CF, Reg A, and how more issuers are rethinking the path from private capital to public markets.

By Léa Bouhelier-Gautreau \ Deal Report

Brief: Oshi is a plant-based seafood company creating premium whole-cut fish alternatives for restaurants, foodservice, grocery, and consumers. Originally founded in Israel as Plantish, the company focuses on solving a difficult alternative protein challenge: making plant-based fillets that flake, sear, and present like real fish. Its salmon and whitefish products use proprietary Modular Layering technology and ingredients like soy protein, mycoprotein, avocado oil, and algae-derived omega-3s. By offering realistic seafood alternatives across multiple channels, Oshi aims to meet demand for sustainable fish options without relying on overfished wild stocks or traditional aquaculture.

Léa’s Quick Take: 

If, like me, you've been in the startup investing space long enough, you've probably witnessed, lived through, or suffered from, the downfall of the plant-based food market. Maybe just seeing the words "plant-based" makes you want to stop reading already. I can't blame you.

So why use the Pitch Review's prime real estate to bring back those memories? Because whether you decide to invest or not, I still want to use this opportunity to highlight innovation. And Oshi has managed to innovate in the plant-based market. With salmon.

Oshi was founded in 2021, at the peak of the plant-based food investment boom. It quickly raised $12.5 million from prominent VCs, including Alumni Ventures. Since then, the company has built proprietary manufacturing technology that allows it to replicate fish fillets and salmon by constructing the product layer by layer.

The company is raising capital now because it is beginning to run low on cash. But the timing may also be right for investors. Oshi is starting to show signs of traction. The company generated $220,000 in revenue in 2025 and has more than 100 restaurants using its product. Restaurants are particularly attractive customers because they are more likely to place repeat orders, buy in larger volumes, and help consumers discover the product. Oshi also claims to have a sizable pipeline of potential retail partners. Expanding distribution could help drive both sales and consumer adoption.

A few unknowns remain. Investors would benefit from seeing sales data from early 2026 to determine whether growth is continuing at a meaningful pace. It would also help to know whether existing venture investors are participating in this round, as that could signal continued institutional confidence in both the company and the category. One thing is certain: Oshi is raising at a relatively modest $18 million valuation, especially considering it has raised roughly $17.5 million since inception, according to Crunchbase.

Those backing Oshi believe the company is bringing an innovative product to a market worth an estimated $4.5 billion and growing at an 18.1% CAGR. A market isn't necessarily dead just because a bubble burst. Sometimes it simply means valuations have returned to reality. And the companies that survive the downturn are often the ones that were managed well enough to make it through.

DEENIN

By Léa Bouhelier-Gautreau

DEENIN is tackling a question that matters for millions of individuals: how to make Muslims' lives easier in non-Muslim countries? Islam requires believers to practice ablutions several times a day, pray even in public places, and maintain cleanliness throughout the day. The company provides innovative products that help Muslims practice their faith seamlessly in environments that aren't designed for their needs.

Legion M

By Teddy Lyons

Legion M turned movie fans into shareholders, and 60,000 of them have backed it with over $25M since 2016. Round 11 is open at a valuation of $99.6M, and an interesting question is whether a fan army that large eventually becomes the cheapest distribution engine in Hollywood.

That's a wrap on this week's issue!

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