The highest performing funding platforms going into 2026

The most common question a company asks before a raise is which platform to use, and it is a reasonable question with a misleading answer. The performance gap between platforms is real and large. It is also mostly not caused by the platforms. When you sort the market by how much the median raise actually collects, what sorts to the top is not the platform with the best technology or the biggest investor base. It is the platform used by companies that arrive with their own audience.

That is the finding, and it is worth more than the ranking.

The numbers

Reg CF offerings that closed between January 2023 and mid 2026, compiled from offering data published by KingsCrowd, 3,525 raises with a reported amount. Platforms with at least 25 raises in the window.

Across the whole market the median Reg CF raise collected $66,200, and only 22% of raises cleared $250,000. That is the context every other number sits in. Most raises are small, and the companies planning six and seven figure rounds are competing for a place in the top fifth of the distribution.

Why the top of the table looks like that

DealMaker Securities and Dalmore Group are not marketplaces. They are broker-dealers whose technology powers raises hosted on the issuer's own site, and they have little in the way of a browsing investor base to send you. A company that chooses one of them has generally already concluded that it will be bringing its own traffic.

So the top two rows of that table are, in effect, a measurement of what happens when a company runs its own campaign. That is the whole argument of this site, and it shows up unprompted in the market data.

Read the rest of the table with the same lens. StartEngine and Wefunder both have genuine investor bases and serve very different companies: Wefunder runs the most raises of anyone and has the widest range of company quality, which pulls its median down while still producing more $250k-plus raises in absolute terms than anyone except StartEngine. Honeycomb, SMBX, and MainVest sit at the bottom of a table they do not really belong in, because they are mostly small business debt and revenue-share products where a $20,000 raise is a success rather than a disappointment.

Which is the caution about the ranking. These are not twelve versions of one product.

Ignore the funded percentage

Platforms advertise success rates and they are close to meaningless.

SMBX shows a 91% funded rate in this data with a median raise of $50,000. Honeycomb funds 44% of its raises at a median of $17,186. A funded rate measures whether a company cleared a minimum goal that it set itself, and minimum goals are routinely set low precisely so the raise can be declared successful and the money released.

A high funded rate can mean the platform serves companies with modest, achievable targets. It can also mean the platform advises everyone to set a $25,000 minimum. Neither tells you what your raise will collect.

What is happening to the market

Median raise sizes have been flat to down since 2023 on most platforms, and the share of raises clearing $250,000 has held steady at 21% to 23% across 2023, 2024, and 2025. The market is not getting easier, and it is not getting harder. It is sorting the same way it always has, into a small group of raises that brought an audience and a long tail that did not.

DealMaker's own median has declined as its volume has grown, from roughly $302,000 in 2023 to $190,000 in 2025, which is what happens to any platform as it scales past its earliest and most prepared issuers. It is a fact about the issuer mix, not about the platform.

The Reg A+ picture

Reg A+ is a much smaller and much larger market at the same time: far fewer offerings, far bigger numbers. The sample in this window is thin enough that the medians should be read as direction rather than measurement, but the direction is unambiguous. Issuer-hosted Reg A+ raises through DealMaker show a median in the eight figures, with the largest in the data reaching the seventy five million dollar Tier 2 ceiling. StartEngine's Reg A+ offerings cluster around the mid seven figures.

Nobody gets to those numbers from platform traffic. A raise of that size is a consumer marketing campaign, which is the point made in what-is-reg-a-plus.

How to actually choose

Ranking aside, the decision comes down to five questions.

Are you bringing the audience or buying it from the platform? Answer honestly, because it determines everything else. If you are bringing it, optimize for the platform that gets out of the way: fees, checkout conversion, data access, and the ability to run the campaign on your own domain with your own tracking. If you are genuinely relying on the platform's investor base, you are in a much more difficult position than the marketing decks suggest, and you should treat the platform's traffic as a supplement rather than a plan.

What does the checkout actually convert at? The drop-off between a started investment and a completed one is where most raises leak, and it is the platform's software doing the leaking. Ask for the number. Being told it is not tracked is itself an answer.

Can you get your own data out? Investor records, attribution, event-level tracking to your analytics. A raise that ends with the platform holding the only copy of your investor data has cost you something that matters at the next round.

What is the fee structure, all in? Platform fee, payment processing, escrow, marketing packages, and carry if there is any. Then look at any bundled ad management with the incentives in mind, for the reasons in funding-platform-ad-services-mistake.

Does it support the structure you are running? Reg A+, a concurrent Reg D, international investors under Reg S. Some platforms handle one of those well and the others not at all. See reg-a-plus-and-reg-d-at-once.

A well-chosen platform will not save a raise that has no audience behind it. A badly chosen one can absolutely damage a raise that does.

About this data

Figures are compiled from Reg CF and Reg A+ offering data published by KingsCrowd, the research firm that tracks the online private markets, covering raises that closed between January 2023 and the first half of 2026. The analysis and any errors in it are ours; KingsCrowd has not reviewed or endorsed it.

Amounts are as reported on the offering pages, medians are across raises rather than dollar-weighted, and platforms with fewer than 25 raises in the window are excluded from the main table. Reg A+ figures rest on a much smaller sample and are directional. This is market data, not a recommendation of any platform, and nothing here is legal or investment advice.

FAQ

Which crowdfunding platform raises the most money per offering?

In Reg CF raises closing between 2023 and mid 2026, the highest medians belong to the broker-dealer platforms that power issuer-hosted raises, DealMaker Securities at about $224,000 and Dalmore Group at about $216,000, followed by StartEngine at about $143,000. Those top figures largely reflect companies that arrive with their own audience rather than anything the platform does.

What is the average Reg CF raise?

The median Reg CF raise in this window collected about $66,200, and only around 22% of raises cleared $250,000. Averages are much higher than medians because a small number of very large raises pull them upward, which is why the median is the more useful number when planning.

Is a platform's success rate a good way to compare platforms?

No. A funded rate measures whether companies cleared minimum goals they set themselves, and low minimums produce high success rates. One platform in this data funds 91% of its raises at a median of $50,000. Compare median amounts raised and the share of raises clearing a level that matters to you.

Does the platform choice determine how much you raise?

Mostly not. The gap between platforms is largely a difference in which companies use them and what audience those companies bring. Platform choice matters for checkout conversion, fees, data access, and which offering structures are supported, all of which can cost you a good raise but will not create one.