Tax Month: April Startup Investing Numbers

Analyzing April's shifts in capital commitments and spotlight the month's top-performing platforms and industries.


Today’s Chart of the Week offers a detailed snapshot of online investing activities for April 2024, focusing on the flurry of deal closings influenced by the approaching 4/29 SEC annual report filing deadline. The data highlights a significant uptick in closed deals as investors and companies rushed to meet regulatory requirements, providing a unique insight into how deadline pressures can accelerate financial activities in the investment landscape.

Spring into Innovation with KingsCrowd’s Demo Day Spring 2024!

Join us on Thursday, May 16th at 12pm ET for an exhilarating showcase of highly-rated startups. See live pitches from the pioneering founders of TriAgenics, Pirouette Medical, and Overplay. You’ll learn about their innovations, from healthcare advancements to interactive gaming technologies.

Event Highlights:

  • 8-Minute Pitches: Each company presents their unique solutions and visions.

  • Interactive Q&A: Engage with founders post-pitch for deeper insights.

  • KingsCrowd Roundtable: Listen to Chris Lustrino and the analyst team as they dissect pitches and investment opportunities while holding a live vote to crown the best presentation.

Don’t miss out on this exclusive KingsCrowd event! Mark your calendar and be part of the journey to discover and invest in the next big thing.


Brief: Nuudii System offers an alternative to traditional bras that honor women's natural shapes and provide comfort, flexibility, and freedom. This product addresses the common discomforts associated with traditional bras and champions women's empowerment by encouraging them to embrace their natural shapes. It’s raising $618K with a Valuation Cap of $11M and a minimum investment of $100.

Key People: Annette Azan, the founder and CEO of Nuudii System, brings 23 years of relevant industry experience to the apparel and fashion industry.

Interested in Nuudii System? Access the deal report HERE 🔓📈


Here's what we like: The company's impressive growth trajectory, with a 92% annual revenue increase and lifetime sales reaching $6 million, demonstrates strong market demand for its patented boobwear. This demand is further evidenced by Nuudii System's expansive global footprint, boasting over 100,000 customers across 40 countries. Such widespread acceptance and a high gross margin of 78% underscore the brand's successful penetration and operational efficiency in the global market.

Nuudii System's patented design sets it apart, offering a significant competitive advantage. The company's ability to maintain a robust growth rate in such an environment is a testament to the uniqueness and appeal of its product offering. Also, the partnership with XRC Ventures highlights investor confidence in Nuudii System's business model and growth potential.

With a relatively modest pre-money valuation of $11 million, considering its growth metrics and market potential, Nuudii System presents an attractive investment opportunity. As outlined in its fundraising goals, the company's strategic focus on marketing, inventory expansion, product development, and team enhancement indicates a clear path forward for scaling operations and capitalizing on its early successes.

Here's what we don't: Nuudii System operates in the highly competitive apparel and fashion industry, particularly within the US bra segment. Despite its innovative approach to “boobwear” and commendable growth in revenues and customer base, several factors contribute to a bearish outlook for the company.

Nuudii System faces direct competition from established brands like Shapermint, Honeylove, Natori, Harper Wilde, and Underoutfit, which have substantial market share and brand recognition. This competitive landscape may make it challenging for Nuudii System to continue its high growth trajectory as it attempts to penetrate the market further and attract new customers.

Another factor to consider is the low barriers to entry in the apparel and fashion industry. While Nuudii System has patented its design, the overall low entry barriers mean new competitors can easily emerge, potentially offering similar products at lower prices or additional features, further intensifying competition.

Would you invest in Nuudii System?

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Hydro Wind Energy, Inc., is redefining the global energy landscape with its groundbreaking OceanHydro Omni technology. This technology integrates offshore wind power with subsea oceanic pressure to produce sustainable, cost-effective energy solutions. You can read our Hydro Wind Energy Company update HERE.

  • Pre-Money Valuation: $150 million

  • Minimum Investment: $100

Mela Artisans skillfully blends traditional craftsmanship with modern retail demands, establishing itself as a distinctive presence in the US home decor market. By collaborating with over 3,500 artisans in India, the company preserves cultural heritage and empowers craftsmen with fair wages and global market access.

  • Valuation Cap: 10 million

  • Minimum Investment: $500

Rootless’s whole food supplement is specially formulated for women experiencing midlife, perimenopause, and beyond. Made from natural ingredients like seaweed, dates, almonds, and sunflower and sesame seeds, Rootless Daily Bite provides a rich source of iodine, bioavailable electrolytes, prebiotic fiber, and essential micronutrients and minerals. This composition is designed to support hormonal balance and overall health, catering to the specific needs of women navigating these significant life stages.

  • Pre-Money Valuation: $13 million

  • Minimum Investment: $1,500