You mean established medium to large sized (joint)-stock companies? No, of course not, they can get funding, if they even need it, in many different other ways that suits them much better.

Regardless of the "professional appearances" of a website/web-application that isn't the respective company's website (which frankly doesn't really matter that much) I hope you understand where KICKico is for, right? For startups and small businesses (in the blockchain related sphere) that have an idea (and a well thought out plan!) to which they want to dedicate their time and labor into succesfully executing AND where raising funds any other way would often be nearly impossible or take years to accomplish.

Now have a look at the succesfully finished campaigns page: https://www.kickico.com/campaigns/finished  .  I count about 10 projects more or less so far that are, what you call, "multi million" (i assume $) ICOs when you convert the ETH raised back to $.
Will there be failed fundraisers? Absolutely, there are already a couple and there will be more in this bear market, and i think KICKico should be more transparent in listing those too after the time window has closed, but this is a separate issue.

My conclusion thus is that your statement doesn't hold water, unless you're able to clarify it in a more detailed way.