Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowder subscribers 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.
Outbound Brewing, with a pre-money valuation of $10 million, is raising funds on StartEngine. The company manufactures and sells non-alcoholic craft beverages, including CBD-infused non-alcoholic craft beer. The beverages of Outbound Brewing allow users to include CBD in their life while abstaining from alcohol. The company was founded by Marty Reed, Lyden Henderson, Greg Haap, and Charlie Reed. The current round of crowdfunding has a minimum target of $9,999 and a maximum target of $1,070,000, and the proceeds will be used to scale the business and enter new markets. The products of Outbound Brewing are healthy, functional, and interesting, without the negative side-effects of alcohol. The company already has six offerings and plans to roll out more shortly. Outbound Brewing has a strong gross profit margin of 39% and expects to continue increasing its revenue by scaling up the business.
Compound: Reach, a condominium in the Reach at Brickell City Centre, is raising funds on Republic. The real estate company, Compound, manages beautiful condominiums in many cities of the world. Reach is a 43-story residential condominium located in the heart of Miami. It constitutes 1-bedroom and 1.5-bathroom units and will be rented to generate rental income until it is sold to generate income for investors. Reach is owned by Compound Projects, LLC, and was designed by Arquitectonica in 2016. The current crowdfunding round has a minimum goal of $49,000 and a maximum goal of $250,000. Reach has excellent future prospects as it is located at a central location and has amazing amenities, including hot tubs, heated pools, tropical gardens, fitness center, library, and spa.
Vivoo, with a post-money valuation of $7.5 million, is raising funds on Republic. The company offers personalized wellness and nutrition assistance to its users. It uses urine analysis of users to collect accurate data about the users and provides user-specific wellness information, including how much water to drink and which foods to eat and avoid. Vivoo was founded by Miray Tayfun, Gozde, Ali Atasever, and George Radman in September 2017, and has raised over $1.5 million since its founding. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $500,000, and the funds will be used to expand the company’s shipping through Amazon and launch a live chat option. Vivoo works through an efficient subscription-based business model and also offers a one-time purchase option. The company has already sold over 30,000 strips and is affiliated with companies like Bayer Pharma and over 50 gyms.
Jane West, with a $15 million valuation cap, is raising crowdfunding on Republic. The company offers a variety of cannabis-based products to its users, online and in stores. The catalog of over 30 products of Jane West includes signature travel collection, mini joints, CBD coffee, CBD capsules, glassware, and hemp blends. The company has already partnered with licensed cannabis companies in 10 US states. Jane West was founded by Jane West in March 2016 and has raised over $1.3 million in its seed round of funding. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $535,000, and the proceeds will be used to bring new products to the market and meet the distributor demand. Jane West has established itself as a leading cannabis brand, and its products are available at many dispensaries, smoke shops, and stylish boutiques.
Cooks & Farmers, an American restaurant in Brooklyn, New York, is raising funds on MainVest. The restaurant plans to open a South American Izakaya-style restaurant as its first location. The new restaurant aims to use locally-sourced ingredients and raw material to create delicious wood-grilled food. Cooks & Farmers will provide affordable yet healthy cuisine, using the trig-state farming community. The restaurant is owned by Michael Arrington, who is also the Chef. The current round of crowdfunding of Cooks & Farmers has a minimum raise of $80,000 and a maximum raise of $107,000, and the funds will be used towards space buildout, equipment, and operating capital. Cooks & Farmers expects to keep generating high revenues and operating profit and create valuable returns on investment for investors.
Mango Ba hia, another American restaurant in Philadelphia, PA, is raising funds on MainVest. The restaurant serves low-cost, vegan or vegetarian meals, with a philanthropic purpose. It provides food to the children in Kensington through the USDA Summer Lunch Program. The food of Mango Ba hia includes burgers, home-cooked style foods, and wholesome meals. The company was founded by Monica Wright, a community organizer and activist, and has been running the USDA free lunch program for two years. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $50,000, will be used towards architectural plans, payment of rent, renovations, stock and supplies, and payroll and to continue to be the USDA Summer Lunch Program vendor. Mango Ba hia opened the first restaurant in Philadelphia and achieved revenue of $14,000 in 2018 and $24,000 in 2019.
GenesisAI, with a valuation cap of $7.5 million, is raising funds on WeFunder. The company provides a global AI network to buy and sell artificial intelligence technologies. GenesisAI is a machine learning protocol, in addition to being a marketplace for AI products and services. It is making AI accessible, affordable, and more efficient. GenesisAI was founded by Archil Cheishvili, David Fan, and Mina Pascalito Nassif, and has raised over $374,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $107,000, will be used towards product development, business development, operations, cost of marketing, cost of personnel, office space, travel, and logistics. GenesisAI already has a beta product and has agreements with more than 20 AI firms.
Persona, with a post-money valuation of $5 million, is raising funds on WunderFund. The company assists people to manage their online identity from one place. The technology also allows users to keep themselves safe through end-to-end data encryption, zero-knowledge encryption, and other safety protocols. Persona puts all user accounts in one place, auto-saves new logins, and helps in one-click login. The company was founded by Matthew P. Kerle, Patrick Holler, and Colby Schaeffer in 2015. The current round of crowdfunding of Persona has a minimum target of $50,000 and a maximum target of $438,000, and the funds will be used for marketing, engineering, design and operations management, equipment, and legal and vendor services. Persona plans to capture the B2B market and become the future of identity management. It has already started generating revenue through paid users.
GO Buddha, a vegan, gluten-free, and dairy-free food company, is raising funds on Honeycomb Credit. The company creates and delivers healthy and nutritional meals, using ingredients that increase the bio-availability of nutrient uptake. The menu consists of salads and bowls, and the food is delivered in plastic-free compostable packaging. GO Buddha was founded by Chef Joshua Ingraham in 2019. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $50,000, and the funds will be used towards retail meal development, employing more brand ambassadors, and buying equipment to scale food production. GO Buddha is entering the food market with excellent ideas and projects its sales to reach $169,004 in 2020 and $252,720 in 2021.
WhereBy.Us, with a valuation cap of $15 million, is raising funds on Republic. The platform allows creators to build a content brand for their community. The creators get access to all the tools needed to build a media brand and get to combine these tools with a playbook and network of other creators and publishers. The services of WhereBy.Us include a newsletter builder, an automated website, self-serve advertisements, data & analytics, and user subscriptions. WhereBy.Us was founded by Christopher Sopher, Rebekah Monson, and Bruce Pinchbeck in July 2014, and has raised $2.3 million since its inception. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $535,000, and the proceeds will be used to expand the platform to new cities and verticals. WhereBy.Us already generates more than $193,000 in monthly revenue and plans to grow further.
Padlist, with a pre-money valuation of $8 million, is raising crowdfunding on SeedInvest. The company combines technology, local experts, and data to create a unique real estate search platform to find and list pads. It connects the landlords and renters in a faster and easier way. Renters can either work with local experts or use Padlist’s artificial intelligence and drone technology to find homes online. Padlist was founded by Blake Van Leer and Lindsay Van Leer in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $600,000 and a maximum raise of $2,000,000, will be used towards technology, marketing, advertising, and operations. Padlist has a renter database of more than 85,000 and has signed agreements with over 170 multi-family buildings.
5 Rabbit Pilsen, a Latin American-inspired brewery, is raising funds on WeFunder. The brewery is planned to open in the Pilsen neighborhood of Chicago and is set to being Latin culture to the US craft beer world. The offerings will also include street food-inspired dishes from across Latin America. 5 Rabbit Pilsen currently operates a brewery in Chicago and brews about 6,000 bbls a year. 5 Rabbit Pilsen was founded by Andres Araya and Milagros Ramirez in 2011 and has won several prestigious awards. The proceeds of the current crowdfunding round, with a minimum goal of $250,000 and a maximum goal of $750,000, will be used to open a new brewpub. 5 Rabbit Pilsen has thousands of followers on social media and has been featured in top-rated business publications.
Morning Brew, a coffee shop in Murfreesboro, TN, is raising funds on MainVest. The coffee shop offers fresh brewed hot coffee & espresso drinks, cold brew and nitro cold brew, biscuits, homemade cinnamon rolls, fresh fruit smoothies, Acai bowls, and soups and sandwiches. Morning Brew was founded by Brett Duvall and Tayo Duvall in August of 2019 and is serving the Murfreesboro community ever since. The current round of crowdfunding has a minimum target of $20,000 and a maximum target of $50,000, and the funds will be used towards renovation, equipment, and marketing. Morning Brew already generates average monthly revenue of $3,136, with the average ticket size of $5 and a profit margin of 87%.
Tempo Nashville, a coffee shop in Nashville, TN, is raising funds on MainVest. The coffee shop offers varieties of coffee, tea, horchata, bottled drinks, tacos, homemade salsa, and Texas scramble. Tempo Nashville combines coffee, breakfast tacos, and music to form a warm, comforting, and inviting space. The coffee shop was founded by Javier Solis, Uriah Solis, Zylah Solis, and Yvonne Solis in September 2018. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $107,000, and the funds will be used to upgrade the current space and to expand the offerings. Tempo Nashville already has an average monthly revenue of $20,452, with an average ticket size of $10.29 and a profit margin of 67.28%.
Otto’s Bar, an upcoming bar in Nashville, TN, is raising funds on MainVest. The bar will offer an exciting menu of craft cocktails, including the ones infused with CBD and kombucha, mocktails mixed with teas, matcha, and craft tincture. The bar will also feature Tex-Mex-inspired bar food along with salads, sandwiches, and vegan-friendly options. Otto’s Bar is owned by Louisa Green and James Green, bringing years of hospitality experience to the business. The proceeds of the current crowdfunding round, with a minimum target of $75,000 and a maximum target of $107,000, will be used towards operating capital and marketing. Otto’s Bar has unique offerings and is entering a promising market in need of a relaxed upscale cocktail bar.
Chivanada, a Latin American restaurant in Nashville, TN, is raising funds on MainVest. The restaurant currently operates as a food truck and offers Colombian food, drinks, and culture to the Nashville neighborhood. The specialties of Chivanada include beef dishes, cheese empanadas, fried plantain chips, yucca fries, authentic Colombian coffees and espresso drinks, and Colombian-inspired cocktails and sodas. Chivanada is owned by Kai Yarzagaray and Daniel Yarzagaray, experienced foodservice entrepreneurs. The current round of crowdfunding has a minimum goal of $75,000 and a maximum goal of $107,000, and the funds will be used towards the construction and build-out of the new physical restaurant, decor, initial goods, and operating capital. The food truck of Chivanada already has a proven demand with average monthly revenue of $10,264, an average ticket size of $11, and a profit margin of 18%.
Naked River Brewing Company, a brewery in Chattanooga, TN, is raising funds on MainVest. The offerings of the brewery include delicious brews, a rotating menu of 16 seasonal small-batch beers, a full food menu with Texas-style barbecue, and catering service and event space. Naked River Brewing Company was founded by Jake Raulston, Michael Robinson, and Nathan Woods, bringing years of beverage and hospitality experience to the business. The proceeds of the current round of crowdfunding, with a minimum target of $55,000 and a maximum target of $107,000, will be used to increase the packaged beer can production, and to add more production capacity, add more seating and event area. Naked River Brewing Company is well-established with average monthly revenue of $108,000, an average ticket size of $17.50, and a profit margin of 9%.
Veridian at County Farm, a promising residential real estate property, is raising funds on LocalStake. The community is planned to be the country’s first net-zero energy community powered by solar energy. Veridian at County Farm will be an all-electric development, with no gas lines or combustion appliances. The property is a collaboration between THRIVE Collaborative and a local non-profit housing provider. Veridian at County Farm is owned by Joseph J Jonna, David H Eifrid, and Matthew Grocoff. The current round of crowdfunding has a minimum target of $95,000 and a maximum target of $380,000. Veridian at County Farm aims to become a model of climate solutions during the current climate crises.