Below are the latest equity crowdfunding raises started 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 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.
Green Growth, with a pre-money valuation of $3 million, is raising funds on Fundanna Crowdfunding. The company is an investment vehicle that specializes in acquiring and leasing real estate for growing hemp and cannabis. Green Growth also plans to take advantage of the long-term price appreciation of the acquired and leased real estate assets. Green Growth is led by His Excellency Dr. Neil Parsan, and the senior management team has extensive experience in the real estate industry. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used for marketing, administration, legal expenses, and property acquisition. Green Growth will be involved in social and economic engagements in addition to the financial gains.
Black Momma Tea & Cafe, with a pre-money valuation of $24.9 million, is raising crowdfunding on WeFunder. The company is the Starbucks of the tea industry and a great purveyor of tea. Black Momma Tea & Cafe serves tea and beverages made with special ingredients. Presently, the company sells its products online but plans to open two tea cafes in New York at East Northport and Wheatley Heights. Black Momma Tea & Cafe was founded by Vanessa Braxton in 2017 and has raised more than $1 million since its founding. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used to set up the brick-and-mortar cafes. Black Momma Tea & Cafe already has 33,000 customers and a total of $2.9 million in sales.
Soar Robotics, with a valuation cap of $7 million, is raising funds on Republic. The company produces autonomous aerial vehicles or drones with the use of cloud-based artificial intelligence. The drones, thus, become smart and connected and can automate the work of humans in industries. Soar Robotics was founded by Kerem Ozkan and Deniz Kalaslioglu in July 2019. The current crowdfunding round of Soar Robotics has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to build multi-agent systems. Soar Robotics has already secured deals with security and renewable energy companies and has delivered more than 10,000 hours of autonomous flights and more than 50,000 successful precision landings.
LEAH Labs, with a valuation cap of $6 million, is raising crowdfunding on WeFunder. The company is developing CAR T cell therapy to treat cancer in dogs. LEAH Labs has a patented technology that uses CRISPR to harness and reprogram T cells that find and kill cancer cells in dogs. LEAH Labs was founded by an experienced team including Stephen Carl Ekker, Jonathan Mochel and Saad Kenderian, and has raised more than $250,000 since its inception. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $1,070,000, and the funds will be used towards research & development, business development, and maintaining and hiring talent. LEAH Labs is backed by Y Combinator and is led by PhD experts in gene editing, cell therapy, and veterinary oncology.
TBK Food Trucks, the food truck fleet of The Breakfast Klub (TBK) in Houston, is raising funds on NextSeed. The Breakfast Klub has been operational in Houston since 2001 and is now spreading its reach through two food trucks. One of the food trucks will serve events and catering while the other will expand services at the original location of TBK. TBK Food Trucks is owned by Marcus Davis and Mel Davis. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $425,000, will be used for the build-out of the trucks, inventory, and working capital. The team behind TBK Food Trucks has decades of experience in the food business, and The Breakfast Klub has been ranked as the best breakfast in Houston.
Le Bread Xpress, with a valuation cap of $10 million, is raising crowdfunding on WeFunder. The company develops and distributes cutting edge technology to be used in micro-bakeries. The machine of Le Bread Xpress, Bakery in a box’, can bake fresh pizza and pastry in seconds and deliver it anytime on-demand. Benoit Herve founded Le Bread Xpress in 2015 and has raised more than $600,000 since its inception. The current round of crowdfunding has a minimum target of $75,000 and a maximum target of $1,070,000, and the proceeds will be used for new model development, IP development and IP filing, and new hires. Le Bread Xpress has already started generating revenues with ten machines on order and contractual option to sell 65 more machines in the next six months.
WeStrive, a personal trainer marketplace and CRM tool, is raising funds on WeFunder. The company has a valuation cap of $4 million and allows personal trainers to build a network with the exercisers. The platform of WeStrive helps personal trainers to run and grow their business, based on subscription and marketplace models. WeStrive was founded by Cory McKane and has raised $97,155 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $500,000, will be used for development and design, customer service, and on-boarding and server tools. WeStrive already has more than 650 personal trainers signed up for its early release in November 2019, with an ability to scale up to more than 10,000 trainers.
Loop, with a valuation cap of $8.5 million, is raising funds on SeedInvest. The platform of Loop is connecting families and bringing them closer through better communication channels. The content on Loop app is divided into channels where the users can invite family members or friends to participate in various discussions. Loop was founded by Brian Gannon, Sital Mistry, and Ethan Ballweber. The proceeds of the current crowdfunding round, with a round size of $3.25 million, will be used for Android app development, marketing, hardware expenses, software engineering, subscription service, and customer service. Loop has already generated more than $1 million in lifetime revenues and was sold out in about four weeks through Best Buy online and offline stores.
