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.
GrowSquares, with a valuation cap of $8 million, is raising funds on SeedInvest. The company uses advanced microbiology and data science to create personalized and easy-to-use gardens. The app of GrowSquares detects the microclimate and helps users to select the right herbs, fruits, and vegetables for their gardens. GrowSquares was founded by Zachary Witman and raised $309,000 in its pre-seed round of funding in June 2019.
The current crowdfunding round has a minimum goal of $150,000 and a maximum goal of $2,000,000, and the proceeds will be used to scale production and fund inventory, develop marketing assets, build out teams, and for general operating expenses. GrowSquares already has more than 21,000 users, and many have expressed interest in buying GrowSquares Garden.
Life Imaging, with a pre-money valuation of $3 million, is raising funds on StartEngine. The company aims to provide an early detection system for cancer and heart diseases. The FDA-approved EBTC scanners of Life Imaging can detect many of these diseases even before the symptoms appear. At the same time, the Life Imaging scanners do not use dyes, are quick, and use only 10% of the radiation used by a normal CT scanner. Life Imaging was founded by James T. Graham.
The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used for expansion to a new location in South Florida, radio, TV, and social media advertising, and to provide education on life-saving screening services. Life Imaging has already conducted a pilot project under a different company wherein it generated a 37% profit margin and generated over $500,000 in revenues in four months.
Union Society, the creator of premium grooming products for men, is raising funds on StartEngine. The company has a pre-money valuation of $4.5 million. The products of Union Society include shampoos, conditioners, beard butter, and hair defining gel, and cater to a multi-cultural market. Additionally, the products do not contain chemicals like parabens and SLS and include CBD and hemp oil for better circulation in the scalp.
Union Society was founded by Wade Menendez, known around the world as Wade the Barber. The current crowdfunding round of the company has a minimum goal of $9,990 and a maximum goal of $1,070,000. The founder of Union Society, Wade the Barber, has built a grooming empire with more than 140,000 followers and over 10,000 students.
SkyHi, with a valuation cap of $10 million, is raising funds on Republic. The SkyHi platform offers a subscription service to travelers to book airline tickets at flat prices. The members pay a monthly subscription fee of $199 and get air tickets to their preferred destinations at flat $35, $75, or $120, depending on the distance. SkyHi was founded by Rama Poola and Vivek Poola in February 2016 and has raised over $1.125 million since its inception.
The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for expansion, improving the search algorithms, for growing the team. SkyHi is already serving 93 cities and 4,200 routes in North America and Europe. The company has an ARR of more than $600,000 and has 25% margins on ticket sales.
Atmos Home, with a valuation cap of $12 million, is raising funds on StartEngine. The company has created AtmosControl, a smart home hub, to make smart home control easier and more affordable. AtmosControl functions as a universal remote control for all the smart home devices and combines five smart home protocols with touch, gesture, voice, and smartphone controls. Atmos Home was founded by Mark Lyle and Chris Ladwig and has raised over $1.2 million since its founding.
The current crowdfunding offering has a minimum raise of $10,000 and a maximum raise of $304,550. Atmos Home captured more than 1,000 customers in its 120-day pre-launch sales period. It has an efficient business model, with the potential to become a staple for every smart home.
Called Higher Studios, a faith-based movie studio, is raising crowdfunding on StartEngine. The studio has a pre-money valuation of $1.73 million and makes movies that matter. Called Higher Studios creates movies that honor God’s values and Christian faith. The studio aims to create high-quality films and television content, centered around Christ.
Called Higher Studios was founded by Jason Brown and Ash Greyson. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to develop new projects. A part of the raise will also be donated to charities. Called Higher Studios is backed by an experienced team and is entering a large market with great opportunity.
Currency Tracking Technologies, with a post-money valuation of $10 million, is raising funds on StartEngine. The company has designed and developed innovative software applications and a secure network for law enforcement. The technology of Currency Tracking Technologies can be used to track illegal cash related to a particular case file.
Currency Tracking Technologies was founded by Barbara Higgins, Fred Rustmann, Jr., and Elena Fuller in 2016. 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 to develop the designed system. Currency Tracking Technologies will soon develop the secure network and database that will be used by law enforcement agencies to thwart and prosecute criminal activities.
Rhino Hide, with a pre-money valuation of $6.05 million, is raising funds on StartEngine. The company has manufactured a new and unique bullet-proofing product that consists of a two-part liquid, filled with a special aggregate. Rhino Hide will be used to bullet-proof the walls of schools and storm shelters. The company was founded by Jason Giddings in June 2018 and raised more than $400,000 in the seed funding round in the same year.
The current crowdfunding round has a minimum target of $10,000 and a maximum target of $198,000, and the funds will be used for product development, web development, production preparations, patent filings, and installer network onboarding. Rhino Hide already has over 190 companies signed as Certified Installers and is talking to several companies that will help the company achieve more than $7.4 million in revenues.
Megalopolis, the provider of Comic-Con experience online, is raising funds on StartEngine. The company has a pre-money valuation of $4.96 million. It is a definite source of action figures, original content, and toy news by and for collectors on the internet. Megalopolis is the hub of collectibles for both fans and collectors.
The company was founded by Matt Westover in 2018. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the proceeds will be used to expand the product line. Megalopolis already has over 5,000 app downloads, 27,000 loyalty program members, and generated $2.3 million in revenues in less than two years of operation.
Elevate Nutrition, with a pre-money valuation of $5 million, is raising crowdfunding on StartEngine. The company manufactures and sells nutritional supplements that are solely plant-based. The products of Elevate Nutrition are formulated for high-performance, health, and fitness. They are gluten-free, GMO-free, soy-free, vegan, paleo-friendly, and keto-friendly.
Elevate Nutrition was founded by Jillian Salomone and Paul J Salomone in January 2017. The proceeds of the current round of crowdfunding, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to release an expanded product line. Elevate Nutrition already has more than 2,500 customers, has sold over 10,000 units, and has generated more than $400,000 in sales to date.
Smart Soda, with a pre-money valuation of $10.7 million, is raising funds on StartEngine. The company offers vitamin-infused and flavored sparkling alkaline waters and sodas. The products of Smart Soda are made with organic cane sugar and are vegan, natural, kosher, rich in antioxidants, and gluten-free. Smart Soda is also pioneering into CBD-infused sodas. The company was founded by Julia Solooki and Lior Shafir and acquired Organic Soda Pops in the third quarter of 2019.
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 to hire more salespeople, elevate the brand awareness, and enter into the ready-to-drink market. The Smart Soda machines are already installed in many places, including Holiday Inn, Allianz, and Bareburger.
Skeptic Distillery, the creator of fresh and smooth natural spirits, is raising funds on WeFunder. The company retains the freshness of its ingredients by using the cold vacuum distillation process. The spirits of Skeptic Distillery, mainly vodka and gin, do not contain sugar or other additives and are sold at various bars, restaurants, online, and stores. Skeptic Distillery was founded by Karl C Loepke and has raised $415,711 since its inception.
The current crowdfunding round has a minimum target of $250,000 and a maximum target of $500,000, and the funds will be used towards equipment, raw materials, inventory, tasting-room buildout, facility improvement, and operating capital. Skeptic Distillery generated $53,000 in revenues in the past 12 months and expects to reach breakeven next year.
BackAlert, with a valuation cap of $4 million, is raising funds on WeFunder. The company manages back pain of its customers through sensor-enabled physical therapy equipment. The solution offered by BackAlert also includes an interactive 21-day video system that focuses on strengthening, stretching, and massaging. BackAlert was founded by Doug Hoang in 2015 and has raised over $2.4 million since its founding.
The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $107,000, and the funds will be used for marketing and working capital for inventory. BackAlert has signed nine contracts in the past three months and expects to generate $160,000 in revenues. The company uses artificial intelligence and machine learning to create wellness experience.
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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.