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 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.
Epilog, with a valuation cap of $10 million, is raising funds on SeedInvest. The company is creating an AI-based vision system for autonomous cars. The device, Sherpa, can be mounted on the car’s windscreen and gets connected with the computer of the car to take control of steering, brake, and gas.
The HDR camera and AI processor of Sherpa detect changing road conditions and react to them. Epilog was founded by Michael Mojaver and Lance Mojaver. The current round of crowdfunding has a minimum raise of $600,000 and a maximum raise of $1,500,000, and the proceeds will be used for product development, marketing, testing, and general & administrative expenses. Epilog has a portfolio of eight granted patents and has established a partnership with Jabil.
Gratwick Productions, the transparent audience-owned studio, is raising funds on StartEngine. The company has a pre-money valuation of $8.46 million and is revolutionizing the entertainment industry. Gratwick Productions is run by the artists and helps them manage the finance, marketing, and distribution by a collection of artists and fans. Gratwick Productions was founded by Kristopher Hulbert in October 2016.
The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000, and the proceeds will be used for operating funds and for creating sustained revenue streams. Gratwick Productions is putting the power back into the hands of the artists and the audience. The platform will provide a fun, ethical, and transparent avenue for artists to create high-quality content and for the audience to engage in it.
PlantSnap, with a pre-money valuation of $34 million, is raising funds on StartEngine. PlantSnap app uses artificial intelligence to identify various plants with just a picture and brings people close to nature. Thus, it is the go-to app for gardeners, landscape designers, teachers, hikers, students, and foragers.
PlantSnap was founded by Eric Ralls in July 2012 and raised over $250,000 in 2018. The current round of crowdfunding has a minimum goal of $9,97,000 and a maximum goal of $535,000. PlantSnap currently has over 30 million downloads and generated $3.6 million in revenues in 2018, up 1200% from 2017.
QuicWit, a trivia gaming and digital marketing platform, is raising funds on NetCapital. The company has a post-money valuation of $2 million. Users answer trivia questions on the QuicWit app, and the first ones to answer receive a prize directly to their house. The app allows companies to create brand awareness and to engage consumers while consumers get to learn about new products. QuicWit was founded by Stephon McCoy, Zachary Gay, and Zachary Tetu.
The current crowdfunding round of the company has a minimum target of $10,000 and a maximum target of $106,000, and the proceeds will be used for Android app development, sales & marketing, G&A, and operations. QuicWit generates revenue from both users and partners and expects to generate about $44.5 million by 2021.
Global Cancer Technology, with a post-money valuation of $11.6 million, is raising funds on NetCapital. It is an emerging medical technology company that may soon revolutionize cancer therapy. The technology of Global Cancer Technology is protected by several patents and is aimed at remote-controlled cancer drug delivery.
Global Cancer Technology was founded by John P. Clark. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000, and the proceeds will be used for pre-clinical work, research, marketing, commercialization, and general and administrative expenses. The technology of Global Cancer Technology was developed by scientists at Moores Cancer Center UC San Diego. Using the technology, the cancer drug will be attached to a nanocrystal scintillator and delivered to the body conveniently.
MARKET Protocol, with a pre-money valuation of $11.3 million, is raising funds on SeedInvest. The company is using the blockchain technology to keep track of assets and build safe derivatives. People can use the MARKET Protocol platform to enter into an agreement to pay one another based on specific rules.
MARKET Protocol was founded by Seth Rubin and Collins Brown and has raised more than $2 million in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum target of $350,000 and a maximum target of $1,500,000, will be used for marketing, payroll & benefits, contract staff, legal expenses, and general expenses. The recently launched platform of MARKET Protocol already has over 600 accounts with more than $700,000 in notional traded value.
Champions of Diversity, with a post-money valuation of $40 million, is raising funds on WunderFund. It is a virtual career fair platform that allows diverse jobseekers to connect with employers. Champions of Diversity uses innovative advertising and social media to remove all barriers, including sexual, racial, social, geographical, and economic. Champions of Diversity was founded by Orville Lynch, Jr. in 2017 and has raised around $500,000 since its inception.
The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the proceeds will be used for platform development, sales team development, sales administration, and application marketing & promotion. Champions of Diversity has hosted more than 100 career fairs since 2017 and has over 1 million registered jobseekers and more than 600 institutional clients. The company generated revenues of $337,000 in 2017 and $424,000 in 2018.
Back Porch Homes, the builder of tiny homes in the backyards, is raising funds on Republic. The company has a valuation cap of $10 million. Back Porch Homes is solving the housing problem and making housing affordable by developing tiny homes on wheels and in backyards. The company also provides financing and other services and support.
Back Porch Homes was founded by Stephen McKee and Todd Bayer in October 2018 and has raised more than $500,000 since its inception. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $1,070,000. Back Porch Homes already has 87 pre-sold units and $4.35 million in pre-orders.
FreeRolls Entertainment, with a pre-money valuation of $12.4 million, is raising funds on WeFunder. The company runs FreeRolls Poker Club that combines poker with advertising. It organizes big poker events that attract poker players from across the world. FreeRolls Poker Club, with its flagship location in Katy, Texas, includes amenities like a full bar, food, game tables, and shuffleboard. FreeRolls Entertainment was founded by Charles Potter and has raised over $1.2 million since its inception.
The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $999,998, will be used for building out the second location, debt reduction, marketing, and software development. FreeRolls Poker Club already has 4,000 customers and generated $1.24 million in revenue in less than 11 months till October 2019.
Have Need, with a valuation cap of $5 million, is raising funds on SeedInvest. The Have Need application allows people to barter things they have but do not need with the things they need but do not have. The patented technology of Have Need connects the needs and haves of multiple people through Barter Loops.
Have Need was founded by Josh Kline in 2017 and raised $300,000 in the pre-seed round of funding. The current round of crowdfunding has a minimum goal of $185,000 and a maximum goal of $500,000, and the proceeds will be used for the development of the product, marketing, legal expenses, and SG&A expenses. Have Need has already conducted a pilot program with USTA Foundation and has a working relationship with Oxfam Australia.
Metaiye Knights, introducing blockchain into storytelling, is raising funds on StartEngine. The company has a pre-money valuation of $8 million. Metaiye Knights teaches its users how to implement blockchain to change a graphic novel into a TV or film series. Metaiye Knights was founded by Dele Atanda in 2018 and started the development of its pilot in the first quarter of 2019.
The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used for the future launches. Metaiye Knights will be the first experience combining storytelling with blockchain. It has already partnered with Comic Republic, the Internet Foundation, and the Open Index Protocol.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
About: Chris Lustrino
A Boston College Eagle for life, on a mission to democratize startup investing for all people at KingsCrowd, with a passion for Fintech, investing, social impact, doing well and doing good, and an avid runner, cyclist and writer.