Below are the latest equity crowdfunding campaigns 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 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.
Oracle Health, with a $5 million valuation cap, is raising funds on MicroVentures. The company is designing an insertable cardiac monitor as a minimally invasive device to monitor and treat heart failure. The device will be paired with software that will help cardiologists keep a track of the patient data over time. Oracle Health was founded by Jaeson Bang in May 2019 and has raised $110,000 since its inception. The current round of crowdfunding of Oracle Health has a minimum target of $25,000 and a maximum target of $107,000, and the funds will be used towards research and development, marketing, and general working capital. Oracle Health has been accepted into JLABS at Texas Medical Center in November 2019 and has filed for a provisional patent application in July 2019.
NovoMoto, with a valuation cap of $4.5 million, is raising funds on WeFunder. The company is a for-profit social enterprise providing affordable and clean electricity to off-grid communities in Africa. The electricity is provided through high-quality solar systems at a lower cost than other inferior solutions. NovoMoto was founded by Aaron Olson and Mehrdad Arjmand and has raised more than $450,000 since its founding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used for purchasing hardware and for operational costs like salaries and travel expenses of the team. NovoMoto has completed over 300 solar installations, with a 13% month-over-month growth since 2017.
Oodles Corporation, with a $10 million valuation cap, is raising funds on WeFunder. Oodles Corporation’s app, OodlesDeals, drives students to invite friends and eat out together. OodlesDeals allows students to develop strong personal relationships and save money on great food. Students get incentivized for inviting their friends to eat together and get the best value deals. Oodles Corporation was founded by Sajal Sahay and Asheesh Barman in 2017 and has raised over $700,000 since its inception. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $1,070,000, and the proceeds will be used for marketing, sales, and product and operational expenses. OodlesDeals has been downloaded by 26,000 students in eight universities, and the revenue is growing at a monthly average of 20%.
Bible Smugglers, the first movie about Bible smuggling, is raising funds on WeFunder. It is the true story of captain Bill Tinsley and the underground Chinese church and the smuggling of 1 million Bibles into China in 1981. The movie aims to bring people closer to God and His Word. Bible Smugglers will be distributed in theatres and as video-on-demand. The movie is being managed by Nathan VonMinden and Keith Rushing, the team behind many successful films. The proceeds of the crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for cast and crew salaries, traveling and lodging costs, and post-production expenses. Bible Smugglers is set for worldwide success, and investors will make money as the movie makes money.
Annie May’s Sweet Cafe, with a valuation cap of $10 million, is raising funds on WeFunder. Annie May’s is the number 2 ranked allergy-free bakery. It has acquired rights to open bakeries in seven states and is opening at a new location in Newton, MA. All the products of Annie May’s Sweet Cafe are free of the top eight food allergens. The company was founded by Robert May in Louisville, Kentucky, and the original cafe is growing 30% year-over-year. The proceeds of the current crowdfunding round, with a minimum goal of $200,000 and a maximum goal of $1,000,000, will be used to fund the wholesale and e-commerce business and to open the second bakery. The new location as Newton has been profitable in its very first month of operations, with $5,400 of sales on the first full day.
Narrative Food, with a pre-money valuation of $2 million, is raising funds on WeFunder. The company delivers food with stories and memories and helps people value good and clean food. Narrative Food also connects people and their stories to create a large Narrative Food community. The company sources locally-grown, organic, and nutritional food and delivers it to customers across Southern California. Narrative Food was founded by Jennifer Piette in 2010 and has raised over $150,000 since its inception. The current round of crowdfunding has a minimum target of $50,001 and a maximum target of $199,999, and the funds will be used towards marketing, advertising, and hiring. Narrative Food has earned over $3.5 million in lifetime revenues and has delivered over 33,000 orders to more than 3,000 customers.
SecretDays, an online ed-tech industry app, is raising funds on Razitall. The application connects experienced retirees with less experienced students through a free private call and allows them to share their experience. SecretDays will serve as an active communication app that will help students to learn and ask questions in real-time from those with expertise in the subject. The company was founded by Joy Cruz in December 2017. The proceeds of the current crowdfunding round, with a target raise of $70,000, will be used for the full-package app development, office setup and utilities, accounting and legal expenses, and working capital. SecretDays will enable retired teachers, engineers, doctors, players, chefs, lawyers, etc. to empower the less experienced students.
My Beer Buddy, with a current valuation of $0.45 million, is raising funds on Razitall. The My Beer Buddy free GPS mobile app can be used to fund beer specials near the users, including other information like happy hour specials and night club promotions. The target market for the app is beer drinkers in the Phoenix, AZ market, and the restaurants and bars. My Beer Buddy was founded by John Paul Campa in 2017. The current round of crowdfunding has a target raise of $45,000, and the funds will be used towards completion of the app development, marketing and promotions, and hiring. My Beer Buddy will also find a secondary market in grocery stores and convenience stores that sell beer. The company already has four bars under contract for three months.
Patterson Park, a wooden fun and casual bar in Houston, Texas, is raising funds on NextSeed. The bar is located in a one-of-a-kind natural setting with a secluded tree-lined view. It also offers a large outdoor patio space and TVs for game watching. The business model of Patterson Park is kitchen-less, focused on food trucks, drinks, and ambiance. Patterson Park is owned by Lonnie Schiller, and space has been designed by Craig Schuster. The bar is expected to open in the spring of 2020. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $350,000, and the proceeds will be used for the construction and buildout. Patterson Park has a highly efficient business model and is forecasted to generate strong revenues.
NIRA Skin, with a pre-money valuation of $16 million, is raising funds on StartEngine. The company is bringing dermatology at home through its affordable skincare laser that reduces fine lines and wrinkles around the eyes. The Dermal Photonics products stimulate natural collagen production without side effects. NIRA Skin was founded by David Bean in 2012. The current round of crowdfunding of NIRA Skin has a minimum raise of $10,000 and a maximum raise of $107,000. The skincare laser product for fine lines and wrinkles was FDA approved in 2017 and was launched in the mass market in September of 2019. The company plans to launch many new products dealing with other skin ailments like acne laser and full-face skin renewing laser.
70 Million Jobs, with a valuation cap of $10 million, is raising funds on Republic. The company helps in finding jobs for Americans with criminal records. They assist the individuals in overcoming the troubles they face in finding employment after incarceration and help employers find a large pool of talent. 70 Million Jobs was founded by Richard Bronson in October 2016 and has raised $1.4 million since its inception. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $535,000, will be used to build out the development, sales, and marketing teams, hire a data engineer, and enhance the platform. 70 Million Jobs has a community of over 11 million users and helped to get 2,000 positions filled.
Natural Selection, with a valuation cap of $8 million, is raising funds on Republic. The business aims to bring about changes in the lifestyle of Americans and help them reverse obesity and healthcare crises. Natural Selection provides everything needed for healthy living under one roof, including gym, training, meal preparation, juice bar, nutritionists, and vitamins and supplements. Natural Selection was founded by Alexander Grow and Adriana Grow in September 2016. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the funds will be used to open training facilities, CBD kiosks, kitchens, and other locations. Natural Selection has reported $2.5 million in sales revenue since 2017, with a 40% year-over-year growth average.
Shockwave Motors, with a post-money valuation of $3.75 million, is raising funds on NetCapital. The company makes three-wheeled, three-passenger, high-performance roadsters for electric cars. The Defiant EV3 Roadster of Shockwave Motors is pollution-free and addresses range anxiety and cost issues associated with electric vehicles. Shockwave Motors was founded by John McMillian, Normand Rheault, and Carrie Fair, and the company has remained bootstrapped since its inception. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000, and the funds will be used towards inventory, marketing, material, labor, facility, finalizing legacy CAD, and modifying body molds. Shockwave Motors already has $2.9 in pre-orders with 120 customers on the wait list.
DreamItReel, with a valuation cap of $4 million, is raising funds on SeedInvest. The company provides video-centric solutions to businesses through its pre-creation tools, creation marketplace, and post-creation tools. The business model involves a subscription fee or a percentage of sales on videos created on its platform. DreamItReel was founded by Ravid Razak in 2015 and raised $116,000 in its pre-seed round of financing. The current round of crowdfunding has a minimum goal of $300,000 and a maximum goal of $1,000,000, and the proceeds will be used for platform development, marketing, business development, and rent. DreamItReel has remained profitable in 2017 and 2018, with a total net income of over $297,000 and a gross profit margin of 68% in 2018.
ElliptiGo, with a pre-money valuation of $34.1 million, is raising crowdfunding on StartEngine. The company manufactures and sells elliptical and stand-up bicycles for outdoor fitness and recreation. ElliptiGo bikes provide comfortable, low-impact, and full-body workout in a fun manner, and burn 33% more calories than traditional bikes. ElliptiGo was founded by Bryan Pate and Brent Teal in 2005 and has raised more than $9 million since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for marketing and new product development. ElliptiGo has already sold more than 28,000 ElliptiGos and generated over $45 million in revenue.
3 Some Chocolates Cuisine, with a valuation cap of $3 million, is raising funds on WeFunder. The company creates unforgettable moments and experiences through the combination of dishes, drinks, and flavors of chocolate with desires, senses, and passion. 3 Some Chocolates Cuisine started with an infusion of three different chocolates in a bar, in a pack of three. The company was founded by Patrick Glanville and Kristin Parker in 2019. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used to outsource manufacturing, increase local distribution, and to arrange pop-up shows for brand awareness. 3 Some Chocolates Cuisine has over 40,000 customers and participates in multiple chocolate shows and events.
Roots & Vine Produce and Cafe, with an estimated company valuation of $215,000, is raising funds on Buy The Block. The company will function as a market or cafe, offering fresh produce and bulk dry goods to consumers. Roots & Vine Produce and Cafe aims to connect farmers to people and people to real food. The company is owned by Ena Jones, a caterer and seasoned entrepreneur. The current round of crowdfunding of Roots & Vine Produce and Cafe has a minimum target of $32,000 and a maximum target of $107,000, and the funds will be used to open a new cafe in Chicago’s South Side. Roots & Vine Produce and Cafe aims to serve high-quality produce to the community, and will also provide communal space to host workshops, classes, and food demos.
