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Why Some Startups Switch Platforms Between Fundraises
We analyzed 1,200+ follow-on crowdfunding rounds to see how often startups stick with or switch platforms.
CHART OF THE WEEK 📈
By Léa Bouhelier-Gautreau | Read
Where Do Founders Go for Round 2?
In our latest Chart of the Week, we analyzed more than 1,200 follow-on crowdfunding rounds to uncover how often founders return to the same platform—or switch. While Wefunder and StartEngine see high return rates early on, later-stage companies often shift to platforms like DealMaker and Dalmore to meet larger raise goals. Explore the full interactive charts and discover what platform migration patterns say about startup growth, platform strengths, and investor opportunity.
Have a suggestion for a data story you’d like us to look into? Submit by replying to this email
KINGSCROWD PODCAST
On this week's Kingscrowd Podcast, get a recap of our Atlanta Startup Showcase featuring innovative startups like Doc2Doc Lending and RISE Robotics, plus fresh insights into why startups switch crowdfunding platforms across repeat funding rounds.
UPCOMING EVENTS
WEDNESDAY - Join KingsCrowd CEO Chris Lustrino for a live, interactive session with Energea co-founder Mike Silvestrini and Director of Investor Relations Tyler Hurlburt to demystify how solar power-purchase agreements convert sunlight into reliable cash flow, explain the risk-mitigation tools and geographic diversification behind Energea’s U.S., Brazil, and African portfolios, and answer your questions about adding renewable infrastructure to your investment strategy—reserve your spot for this investor-focused webinar this week on June 25th at 2pm ET.
Kingscrowd Summer Demo Day When: Tuesday, July 15th at 12pm ET Hear live pitches from standout startup founders, ask questions in real time, and gain investment insights from the Kingscrowd team—all in one high-energy, interactive session. |
The Debt Side of Real Estate: How to Generate Predictable Monthly Income When: Thursday, July 24th at 1pm ET |
PITCH REVIEW 💸
By Léa Bouhelier-Gautreau \ Deal Report
Brief: Numurus is an AI and automation software platform. The company’s NEPI operating system helps businesses accelerate development and reduce costs for AI-powered products. With $4 million in lifetime revenue and partnerships with NVIDIA, Qualcomm, Vecow, and Sidus, Numurus is positioning itself as a key player in the automation space. Proceeds from the raise will support hiring, R&D, marketing, and product expansion.
Léa’s Take: Just like cars need roads, smart machines need brains. And Numurus wants to be the one wiring them up. Based in Seattle, this scrappy startup is building NEPI, an open-source software platform that helps companies quickly add AI and automation to their edge devices. Think ocean drones, robotic forklifts, factory cameras. It’s a behind-the-scenes role, but it’s starting to pay off: Numurus has already earned $4 million in lifetime revenue and built partnerships with giants like NVIDIA, Qualcomm, and DARPA. That’s no small feat for a team of eight.
What makes NEPI click? Speed and simplicity. Building a smart robot from scratch is usually a tangle of drivers, hardware quirks, and months of custom code. NEPI skips the mess. Developers plug in sensors, load their AI models, and get moving, sometimes in weeks, not years. That kind of time savings helped one client launch a new sonar system in just five months. Another client swapped out multiple hires by leaning on Numurus instead. It’s a toolkit with teeth.
But there’s a problem, and it’s a big one: revenue. After pulling in $414,000 in 2023, Numurus reported just $33,000 in 2024 so far. That’s not a dip, it’s a cliff. Maybe a key contract ended. Maybe the company paused selling to focus on product updates. Maybe they’re shifting toward longer-term licenses. Whatever the reason, the question looms: is this a short-term wobble, or a sign of a deeper stall? For a startup trying to scale, momentum matters—and right now, Numurus has some explaining to do."
STAFF PICKS 🌶️
By Teddy Lyons
Groomit is an at-home pet-grooming service. Not the most exciting business…until I saw $10M in ARR and $24M in cumulative revenue operating in just 17 states with 85 grooming vans. Seems like an amazing business, but can they scale enough to provide venture returns?
By Léa Bouhelier-Gautreau
A 401 (k) grows your capital without you even thinking about it. What if it could help the planet without you lifting a finger? Sphere is making climate investments fit into 401 (k) rules to invest in solutions that can improve everyone's lives, all while backing projects that should bring the returns we all need.
By Teddy Lyons
Viit Health has developed a device to read blood glucose, blood pressure, and oxygen saturation in 30 seconds using spectroscopy. No more finger pricks or arm straps - sounds great, but how close is the company to commercialization?
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