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KingsCrowd Capital
KingsCrowd Capital, founded by Chris Lustrino, uses proprietary analytics to invest in startups raising capital online via equity crowdfunding.
KingsCrowd Capital
KingsCrowd Capital is a San Francisco-based quant venture capital fund focused on online private markets. It uses algorithms to collect and analyze data points, then verifies selections with its team to make investment decisions. The fund has made 2 investments, including a Seed VC in Health Care Originals on September 28, 2025.
General information
Firm type
Asset Manager
Year founded
2018
AUM
<$25M (Altss estimate)
Location
Region
North America
Country
United States
City
Boston
Corporate office
Boston, MA, United States
Principals
Chris Lustrino
Founder and CEO
Sector focus
Frequently asked questions
Who makes investment decisions at KingsCrowd Capital?
Founder and CEO Chris Lustrino leads all investment decisions, supported by the data and analytics team at parent company KingsCrowd. The firm does not publicly disclose an investment committee structure, but Lustrino's public commentary in interviews and on the company blog indicates he is the primary decision-maker for capital allocation.
How does KingsCrowd Capital source its deals?
KingsCrowd Capital sources almost all of its deals through Regulation Crowdfunding platforms such as Wefunder, StartEngine, and Republic. The parent company KingsCrowd operates an analytics platform that rates and tracks every Reg CF offering, giving the fund a unique proprietary deal-screening tool. This means the firm sees substantially all online capital raises in its target segment and can benchmark issuers before committing capital.
Is KingsCrowd Capital a venture capital fund or an analytics company?
KingsCrowd Capital is the venture capital fund arm, while KingsCrowd Inc. is the separate data and analytics parent company that rates equity crowdfunding offerings. The fund makes direct venture investments, and the analytics platform serves as both a revenue-generating product for retail subscribers and a proprietary research tool for the fund. They operate as distinct but tightly integrated entities under the same founder.
What investment stages and check sizes does KingsCrowd Capital target?
KingsCrowd Capital targets pre-seed and seed-stage Regulation Crowdfunding rounds with check sizes typically between $10,000 and $100,000 per company. The firm does not lead rounds or negotiate terms; it co-invests alongside a crowd of retail backers on the same Reg CF terms. Stage focus is exclusively early-stage venture equity with no debt or later-stage participation.
Does KingsCrowd Capital make any fund commitments to other venture firms?
No. KingsCrowd Capital exclusively makes direct investments into individual startup equity rounds on crowdfunding platforms. The firm does not invest as an LP in other venture funds, nor does it participate in traditional VC syndicates or special purpose vehicles outside its core Reg CF platform strategy.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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