Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowders to click on the link provided for more details. If interested, be sure and follow how each startup’s respective raise is progressing, and the concepts they are bringing to the marketplace.
Please note, these are not recommendations but are meant only to inform our readers of new investment opportunities.
Be sure and check back with KingsCrowd in the future. We will continue providing updates on each raise as it progresses, particularly if we feel they meet our criteria of being worthwhile as potential investments.
At Ease Rentals, with a $5 million valuation cap, is raising funds on NextSeed. The company has created a platform to ease the pain of moving every 2-3 years for military families. The platform is a one-stop-shop for short-term rentals approved for reimbursement for federal and military employees. At Ease Rentals was founded by Anthony Gantt, Gregory Rollins, and Mateo Bradford, all with military experience. The current crowdfunding campaign of the company has a minimum target of $120,000 and a maximum target of $500,000. The funds will be used for sales, marketing and advertising, and website application upgrades. At Ease Rentals focuses on military and federal employees, and bookings through the platform are guaranteed reimbursement.
Acopia Harvest, a produce market in Central Falls, RI, is raising funds on MainVest. The company is dedicated to promoting eco-friendly technologies to provide efficient solutions to social, economic, and environmental problems. The technology is used to produce and sell high-quality high-nutrition products, including leafy greens, herbs, teas, and edible flowers. Acopia Harvest was founded by Ameth Alzate and Monica Ryl in 2013. The proceeds of the current round of crowdfunding, with a minimum raise of $250,000 and a maximum raise of $500,000, will be used to develop a hydroponic facility for growing premium products without the use of pesticides and chemicals. Acopia Harvest is led by scientists and engineers and plans to educate the society to become self-sufficient through the use of hydroponic technologies.
Payroll4Free, with a pre-money valuation of $10.7 million, is raising crowdfunding on Wefunder. The company provides payroll service, specifically to small businesses. It helps in reducing the fees and charges associated with payroll services and makes them more affordable. The services of Payroll4Free are free and rich with features. Payroll4Free was founded by Michael Rosenberg and has raised over $2 million since its inception. The current funding round has a minimum goal of $50,005 and a maximum goal of $499,999. The proceeds will be used to begin aggressive marketing, hire a marketing professional, establish revenue-generating partnerships, and enhance payroll functionality. Payroll4Free has thousands of happy clients across the country and is growing fast with a rapid acquisition rate.
Steady Habit Brewing Company, a craft brewery in Connecticut, is raising funds on Wefunder. The brewery manufactures and distributes hand-crafted beer and also has a taproom to accommodate over 200 guests. Steady Habit Brewing Company was founded in 2014 as a 2.5 barrel brewing system. However, the current owners Jim Venditti, Amy Venditti, and Scott Cross are ready to move to a 15 barrel brewhouse, increasing their production by over 500%. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $350,000, will be used to pay off investor and equipment loans, reimburse expenses for new brewery locations, and manage brewery and taproom inventory. Steady Habit Brewing Company is already an established brand with steady growth. The new location will only help put it in a better place.
VasoGnosis, with a $4 million valuation cap, is raising funds on SeedInvest. The company has developed an AI-powered platform to facilitate diagnostic and surgical planning for neurovascular diseases. The software will assist neurosurgeons and neuroradiologists in making better decisions. The algorithms on the VasoGnosis platform use medical images to extract vasculature information that helps in detecting abnormalities. VasoGnosis was founded by Ali Bakhshinejad, Pedram Ghamisi, and Alexa Miller and has raised $175,000 in previous rounds of financing. The current funding round has a minimum raise of $500,000 and a maximum raise of $600,000. The funds will be used for research and development and regulation filling. VasoGnosis has submitted a provisional patent for its AI platform and has been accepted into the NVIDIA Inception program.
Connection Publishing, with a pre-money valuation of $2.4 million, is raising funds on Mr. Crowd. It is a magazine company that works with cities to replace their traditional newsletters with full-featured news magazines. The magazines carry the official news of the city, in addition to engaging stories from the local community. Connection Publishing was founded by Melissa Spelts and Ryan Spelts in 2016. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $107,000. The proceeds will be used to expand to new cities and communities. Connection Publishing has been profitable in the past two fiscal years, with revenue growth of 57% in 2018. The company is creating connections in the communities, in addition to providing the news and important information.
SapientX, with a pre-money valuation of $7 million, is raising funds on Wefunder. The artificial intelligence software developed by the company provides voice and intelligence to products. The voice technology of SapientX can interact with users naturally and is applicable to vehicles, robots, telework, and consumer goods. SapientX was founded by David Colleen, Maclen Marvit, and Bruce Wilcox and has raised over $800,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,001 and a maximum goal of $535,000, will be used for sales, marketing, customer integration engineering, and patents completion. SapientX has the highest conversational understanding accuracy of up to 99%, compared to its competitors. The software is fast and efficient and can speak 40 languages and dialects.
Saucy Brew Works, with a pre-money valuation of $82.4 million, is raising funds on StartEngine. The production brewery and brewpub focuses on high-quality products, including imaginative beer and food. The beers and brewpubs of Saucy Brew Works provide consistent quality and experience and have won several awards. Saucy Brew Works was founded by Eric Anderson and Brent Zimmerman in June 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to expand and open three new pubs and a production facility. Saucy Brew Works is led by a passionate and experienced team and is one of the best breweries in Northeast Ohio.
Fancy.com, with a $12 million valuation cap, is raising crowdfunding on Wefunder. It is a social marketplace to shop for exclusive and unique lifestyle products from an extensive list of brands and artisans. The Fancy platform connects creators, curators, and consumers, and provides intelligent recommendations and relevant social commerce. Fancy.com was founded by Greg Spillane and Nora Murphy and has raised about $8 million since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used for new customer acquisition, building the brand, expanding the seller base, and improving consumer economics. Fancy.com has 900,000 monthly active users, 2.7 million active app installations, and has established partner relationships with more than 800 brands.
Streamlytics, with a pre-money valuation of $20 million, is raising funds on StartEngine. The company has B2B and B2C products that help users access their own data, understand its value and monetize it. Streamlytics applications provide transparency, smarter data-backed decisions, and ethical data transactions. Streamlytics was founded by Angela Benton, a former IAC executive. The current round of crowdfunding has a minimum target of $9,999 and a maximum target of $249,997.50. The funds will be used for growth and expansion. Streamlytics is working to transfer the value of data back to individuals and is making money by making data access easier. Streamlytics processed more than 5 million data points in the first week after the launch of its B2C product, Clture, in April 2019.
Strengths, with a pre-money valuation of $16 million, is raising funds on StartEngine. The AI-powered Coaching and SmartAudio platforms of Soar, presented by Strengths, connect people with the right individuals and information to develop through life. The Strengths platforms assist people in improving their wellbeing, discovering innate talents, finding their purpose in life, strengthening the relationships, and increasing their motivation. Strengths was founded by Paul Allen and Clint Carlos in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.75 and a maximum raise of $267,889.50, will be used to develop new tools and platforms. Strengths reported sales bookings of $930,000 in 2019 from its pilot customers and expects to generate $3.5 million in sales in 2020.
Kiddie Kredit, with a $3 million valuation cap, is raising crowdfunding on MicroVentures. The company has launched an app to teach financial literacy to children in a fun and engaging way. The app will allow kids and their parents to use everyday chores as avenues to learn about credit and finance. It assigns Kredit scores to kids based on factors like timeliness of chore completion and the number of chores completed. Kiddie Kredit was founded by Evan Leaphart in 2018. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $250,000. The proceeds will be used for research and development, future wages, marketing, and general working capital. Kiddie Kredit is working with the philanthropic arm of Equifax, Equifax Foundation, to raise financial awareness. The app aims to make youth more financially literate and responsible.
Da LaPosta, an upcoming pizzeria in Boston, MA, is raising funds on MainVest. The pizza bar will be a 100-seater, with 12 seats at the main bar and six seats at the kitchen. Da LaPosta will focus on warm and friendly customer service with a rustic and casual atmosphere. Da LaPosta is owned by Mario LaPosta, a world-class Pizzaiolo making pizzas for over 20 years. The current round of crowdfunding of the company has a minimum goal of $50,000 and a maximum goal of $107,000. The funds will be used to complete the buildout of the pizzeria. Da LaPosta will be an authentic pizzeria with Italian roots and New England flare.
Como Audio, with a pre-money valuation of $10.9 million, is raising funds on StartEngine. It is an electronics company that manufactures innovative and high-quality music systems. The music systems of Como Audio provide studio-quality sound and can be played without tethering to a phone or other device. Como Audio was founded by Tom DeVesto and has raised over $500,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $478,400, will be used to bring the manufacturing back to the US. Como Audio has five products: the Solo, Musica, Amico, Turntable, and Duetto, that have received excellent reviews. The company is operating well, with a gross profit margin of 48%.
GroGuru, with an $8.5 million valuation cap, is raising funds on Wefunder. The company is helping farmers by using sustainable ways to increase crop yield and reduce the consumption of water and other resources. GroGuru implements strategic irrigation management and uses soil sensors to measure soil salinity, temperature, and moisture. GroGuru was founded by Patrick Henry and has raised over $4.7 million since its founding. The current crowdfunding campaign has a minimum raise of $200,000 and a maximum raise of $1,070,000. The funds will be used for expenses related to product development and sales channel expansion. GroGuru has a patented technology and has deployed over 2,000 sensors across more than 80 customers in the US.
Solstar Space Company, with a valuation cap of $8 million, is raising funds on Wefunder. The company is tapping the market of secure space communication and creating the space wide web. The technology will allow private companies and researchers to communicate with space assets in a modern and convenient manner. Solstar Space Company was founded by M. Brian Barnett in 2017 and has raised over $500,000 since its inception. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $535,000. The funds will be used for the development of software apps, small sat space communicators, and space station routers. Solstar Space Company has a Space Act Agreement with NASA and has already demonstrated the first commercial WiFi hotspot in space.
ChangeRoots, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The company has created an app to incentivize politicians to rise above and pass legislation that improves overall wellbeing. It is a purpose-driven business with the potential to become profit-driven through user tips, subscriptions, and data. ChangeRoots was founded by Jake Sandler, Christian Cobb, and Sueah Kim in 2018 and has raised over $970,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $250,000 and a maximum goal of $500,000, will be used for product development, content, operations, and growth. ChangeRoots has already been downloaded by over 3,600 people in just three months and hopes to be a $100 million revenue company soon.
Wall Street has Morningstar, S&P, and Bloomberg
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About: Olivia Strobl
Olivia comes to KingsCrowd with a background in venture capital and technology. She spent time at Glasswing Ventures, an AI-focused venture fund in Boston, before joining the KingsCrowd team. There she helped develop machine learning algorithms for the opportunity qualification of preseed and seed-stage startup companies. Prior to her time at Glasswing, Olivia worked in a lab studying the neural correlates of attention. She holds a degree in Neuroscience from Wellesley College.