What CrowdCheck does

CrowdCheck, a trade name of Kingscrowd Advisory, Inc., is a US-based compliance and due diligence services firm specializing in online capital formation under SEC Regulation A, Regulation Crowdfunding (Reg CF), Regulation D (506(b) and 506(c)), Bad Actor rules, and Registered offerings. Founded in 2012 and headquartered in Alexandria, Virginia, the company was acquired by Kingscrowd in April 2025 and operates as a subsidiary. CrowdCheck serves entrepreneurs and companies seeking to raise investor capital through securities offerings, with particular focus on issuers in energy and infrastructure, real estate, fractional ownership, healthcare and life sciences, digital assets and blockchain, and media and entertainment.

The company's core product is the independent CrowdCheck Diligence Report, accompanied by a CrowdCheck Diligence Badge, which verifies an issuer's business, its people, and its operations and delivers an investor-readable snapshot. A flagship free tool, the Compliance Checker, pulls live data from the SEC's EDGAR database to verify whether Reg CF issuers are current on Form C-AR annual reports and Form C-U progress updates, issuing red/yellow/green verdicts. The firm also publishes proprietary research including memos, articles, the CrowdFundCast podcast, an annual conference, and a Lexicon glossary that collectively serve as the de facto knowledge base for the US investment crowdfunding industry. Legal services are delivered through an affiliated entity, CrowdCheck Law LLP.

CrowdCheck generates revenue primarily through professional services engagements, with pricing not publicly disclosed and contracts structured via Master Services Agreements with issuers and platforms. The company distributes through direct sales to founders and issuers, plus a referral channel network spanning major US crowdfunding and capital-formation intermediaries (Wefunder, StartEngine, DealMaker, Manhattan Street Capital), broker-dealers (North Capital, Entoro, Dalmore, Mundial, Andes Capital), and infrastructure providers (Computershare, Vstock Transfer, VerifyInvestor.com). A community-and-education-led go-to-market motion anchors demand generation through the blog, podcast, conference, and Compliance Checker tool. The leadership team, led by founder and CEO Sara Hanks (former SEC Division of Corporation Finance chief and Congressional Oversight Panel General Counsel), provides deep regulatory credibility that is the firm's primary differentiator.

Name

CrowdCheck

Legal name

Kingscrowd Advisory, Inc.

Website

https://crowdcheck.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

CrowdCheck provides independent compliance and due diligence services for US issuers raising capital under SEC Regulation A, Reg CF, Reg D, and Bad Actor rules. Founded in 2012 and acquired by Kingscrowd in April 2025, the firm serves startup and growth-stage issuers across multiple verticals with verification reports, EDGAR-based compliance tooling, and affiliated legal services.

Ownership category

akta.pro rank

Headquarters

HQ city

Alexandria

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Due Diligence Services: Independent diligence and verification designed to strengthen credibility and protect stakeholders. A CrowdCheck diligence report is a verification of a business, its people, and its operations delivering a tangible snapshot for investors to consider.
2. Regulation A Compliance and Support: Compliance and related support for public venture offerings and ongoing reporting for companies raising up to $75 million annually under Regulation A.
3. Regulation CF Disclosure Readiness and Compliance: Disclosure readiness and compliance support for offerings to the crowd under Regulation Crowdfunding (up to $5 million per year).
4. Regulation D Disclosure and Compliance: Disclosure readiness and compliance support for private offerings under Rule 506(b) and Rule 506(c).
5. Bad Actor Rule Compliance Support: Bad Actor Rule compliance support for companies and intermediaries under Regulation D, Regulation A, and Regulation CF. Includes Bad Actor Reports that constitute the factual inquiry required for the reasonable care exception.
6. Registered Offerings Support: Compliance support for disclosure and ongoing reporting obligations for registered securities offerings.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels9 records

Core offering

CrowdCheck provides independent due diligence and compliance support services for online securities offerings under SEC Regulation A, Regulation Crowdfunding (Reg CF), Regulation D, and Registered offerings. Core deliverables include third-party Diligence Reports with the CrowdCheck Diligence Badge, Bad Actor Rule background checks, and disclosure readiness reviews across vertical focus areas. A free Compliance Checker tool allows anyone to verify Reg CF issuer filing compliance using live SEC EDGAR data.

Product overview

CrowdCheck is a compliance and due diligence services provider for investment crowdfunding and online capital formation. The company offers a suite of services organized around SEC regulatory exemptions (Regulation A, Regulation Crowdfunding, Regulation D) and Bad Actor compliance checks, complemented by independent due diligence reports and the CrowdCheck Diligence Badge. A free Compliance Checker tool enables public verification of Reg CF filing compliance via SEC EDGAR data. Services are delivered across industry focus areas including energy/infrastructure, real estate, healthcare/life sciences, digital assets/blockchain, and media/entertainment. The company also provides educational resources including memos, articles, podcasts, and a lexicon. Legal services are provided through affiliated entity CrowdCheck Law LLP.

Differentiator

Problem solved

Functional benefit

Products and services

• Regulation A Services Compliance and disclosure support for public venture offerings and ongoing reporting for companies raising up to $75 million annually under SEC Regulation A.
• Regulation Crowdfunding (Reg CF) Services Disclosure readiness and compliance support for offerings to the crowd under Regulation Crowdfunding (up to $5 million per year).
• Regulation D Services Disclosure readiness and compliance support for private offerings under Rule 506(b) and Rule 506(c) of Regulation D.
• Bad Actor Reports Bad Actor Rule compliance support for companies and intermediaries under Regulation D, Regulation A, and Regulation CF; checks each covered person against available sources for disqualifying events and constitutes the factual inquiry required for the reasonable care exception.
• Due Diligence Services Independent third-party due diligence and verification of a business, its people, and its operations, delivered through the CrowdCheck Diligence Report and CrowdCheck Diligence Badge.
• Registered Offerings Support Compliance support for disclosure and ongoing reporting obligations for registered securities offerings.
• Compliance Checker Free web-based tool that checks whether companies that have raised capital under SEC Regulation Crowdfunding are current on required Form C-AR (annual reports) and Form C-U (progress updates) filings, delivering a red/yellow/green verdict by pulling live data from SEC EDGAR.

Quantifiable outcome

• Hundreds of companies helped to run compliant Reg CF and Reg A offerings

Named customers5 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

16 partnerships are on record, tiered core and minor.

• North CapitalcoreChannel Partner/ Reseller/ DistributorNorth Capital is a financial technology firm and registered broker-dealer focused on private and other exempt securities, providing agency brokerage, escrow services, secondary trading, and custody powered by its industry-leading API technology. CrowdCheck partners with North Capital to provide integrated services for issuers.
• WefundercoreChannel Partner/ Reseller/ DistributorWefunder has been the largest Regulation Crowdfunding platform every year since the Reg CF rules went into effect in 2016. Thousands of founders have raised capital on Wefunder, including Mercury Bank, Substack, and Replit, who each raised $5 million in a day. CrowdCheck provides diligence and compliance services for Wefunder issuers.
• DealMakercoreTechnology or IntegrationDealMaker is a pioneering force in online capital raising, on a mission to make online capital raising mainstream. DealMaker's digital platform transforms the capital-raising process into simple eCommerce with integrated compliance, transfer agents, broker-dealer services, IR tools, and marketing solutions. With $2 billion in investments powered to date.
• Vstock TransfercoreTechnology or IntegrationVstock Transfer is an SEC-registered stock transfer firm serving private companies, IPOs, and issuers listed on the NYSE American, Nasdaq, and OTC Markets. Owned and managed by attorneys specializing in initial public offerings, private placements, Reg A, proxy solicitations, and stock transfers.
• StartEnginecoreChannel Partner/ Reseller/ DistributorStartEngine is one of the largest equity crowdfunding platforms in the U.S., launched in 2015. Combined with its acquisition of SeedInvest ($470M in historical funding), StartEngine has a joint community of 1.8 million that has collectively committed over $1.2 billion in startups. Shark Tank's Kevin O'Leary joined as a strategic advisor in 2020.
• Manhattan Street CapitalcoreChannel Partner/ Reseller/ DistributorManhattan Street Capital helps companies raise up to $75 million in growth capital per year and go public using Regulation A+. Provides technology integrating easy-to-use payment processing and investment processing services on a custom page dedicated to each offering.
• ComputersharecoreTechnology or IntegrationComputershare is a registered transfer agent providing secure recordkeeping and communication services for thousands of companies and millions of investors. Partners with CrowdCheck to provide cap table management and investor communication services for private markets issuers.
• SmallChangeminorChannel Partner/ Reseller/ DistributorReal estate investment platform where everyone 18+ can invest in real estate and support local community development.
• Andes CapitalminorChannel Partner/ Reseller/ DistributorBoutique brokerage and financial services firm committed to innovative strategies in public and private markets. Specializing in private market complexities and specialized crowdfunding services.
• Mundial Financial GroupminorChannel Partner/ Reseller/ DistributorBroker Dealer registered in all 50 states acting as intermediary for Reg CF, A, and D offerings. Partners with Spark Market Technology as technology provider and operates SparkMarket for private capital market activities.
• MainvestminorChannel Partner/ Reseller/ DistributorSupports local small business ecosystems by allowing the community to invest directly into local small businesses while providing access to capital on friendly terms for entrepreneurs.
• Atlas RdminorChannel Partner/ Reseller/ DistributorGuides founders and executives on the path to raising capital online. Services include management of entire capital raise process for Reg A+, Reg CF, and Reg D including fundraise strategy, marketing strategy, and vendor management.
• VerifyInvestor.comcoreTechnology or IntegrationLeading resource for verification of accredited investors, qualified purchasers, and qualified clients as required by federal laws. Provides simple, reliable, and secure verification and certification services.
• Entoro GroupcoreChannel Partner/ Reseller/ DistributorBoutique investment banking group and top choice for Regulation A+ and Regulation CF crowdfunding broker-dealer services through Entoro Securities, LLC. Offers baseline compliance requirements and full investment banking services with in-house listing solution (OfferBoard) and third-party valuation services.
• Dalmore GroupcoreChannel Partner/ Reseller/ DistributorAward-winning broker-dealer providing cutting-edge technology and expert leadership to support companies and issuers in their capital-raising efforts. Helps issuers achieve capital-raising goals with tailored solutions.
• BioTech Social Inc. (BSI)minorChannel Partner/ Reseller/ DistributorDevelops financing tools expanding access to capital for biotech, med-tech, pharma-tech, diagnostic, digital health, and life science companies. Parent company of BioTech Funding Portal, an SEC-registered funding portal offering investment opportunities in life science companies under Regulation Crowdfunding.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Issuer Direct: Provides regulatory compliance, disclosure, and shareholder communication services for public and pre-IPO companies — closest direct analog to CrowdCheck's compliance-and-disclosure service model, though focused on larger public-company issuers rather than Reg CF/Reg A crowdfunding deals.
• VerifyInvestor.com: Accredited-investor and qualified-purchaser verification service for Reg D and other exempt offerings. Listed as a CrowdCheck core partner and serves the same issuer/intermediary compliance workflow for online capital formation.
• Vstock Transfer: SEC-registered transfer agent for private companies, Reg A issuers, and small-cap public companies. Listed as a CrowdCheck core partner and competes/collaborates on the cap-table and ongoing reporting layer adjacent to CrowdCheck's diligence work.
• North Capital: FINRA-registered broker-dealer and technology platform for private and exempt securities offerings. Listed as a CrowdCheck core channel partner and serves overlapping issuer customers in Reg CF/Reg A/Reg D compliance and execution.
• Manhattan Street Capital: Regulation A+ funding portal and growth-capital advisor helping companies raise up to $75M annually. Direct peer in the Reg A compliance-and-execution stack and a CrowdCheck core channel partner.

Broad incumbents

• Donnelley Financial Solutions (DFIN): Major SEC filing, disclosure, and regulatory communications provider for capital markets transactions. Competes with CrowdCheck in the broader regulatory-disclosure stack but serves large-cap issuers and traditional IPOs rather than crowdfunding.
• Toppan Merrill: Global leader in SEC regulatory disclosure filing and capital-markets document production; listed as a CrowdCheck partner. Comparable as an incumbent in regulatory filing services, with broader scope than CrowdCheck's crowdfunding focus.
• Workiva: Cloud-based platform for regulatory reporting, SOX compliance, and SEC filings — competing in the same compliance-and-disclosure software category as CrowdCheck but at enterprise scale and across a much broader regulatory perimeter.
• DealMaker: Online capital-raising platform with integrated compliance, transfer agent, and broker-dealer services. Listed as a CrowdCheck core partner and competes with CrowdCheck at the platform-compliance layer for issuers it onboards.

Emerging players

• Clerky: Automated legal and compliance workflows for startups raising capital and forming entities — an emerging SaaS player in the same legal-compliance-for-capital-formation niche that could increasingly compete with CrowdCheck's services.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@Kingscrowd
• Facebookfacebook.com/crowdcheck
• LinkedInlinkedin.com/company/2667780
• Xx.com/crowdcheck

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CrowdCheck