New Deals for Week Ending 11/10/2019 - KingsCrowd

November 11, 2019

New Deals for Week Ending 11/10/2019

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.

The Lieu

The Lieu, with a valuation cap of $5 million, is raising funds on Republic. The company is creating a better bathroom experience for women at the offices by providing premium hygiene and grooming products. The Lieu delivers a supply of face, hair, and body products in a shareable form to offices. The subscription is curated based on the budgets and needs of the organizations.

The Lieu was founded by Rebecca Lima and Domonique Sims in February 2018 and is backed by Metaprop, the world’s leading property technology fund. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000. The Lieu has a pilot partnership with WeWork and has served more than 8,000 women already. The company has also on-boarded more than 50 brands trusted by the industry, including Living Proof and R&Co.

Ember Fund

Ember Fund, with a valuation cap of $5 million, is raising funds on Republic. The Ember Fund application allows individuals to invest in a managed cryptocurrency hedge fund portfolio. The global app helps users to invest easily and securely, with as little as $100. The users do not need to trust a third party and can follow experts for investment advice. Ember Fund was founded in July 2019 by Alex Wang, Guillaume Torche, and Mario Lazaro.

The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to scale the business to over $1 million run rate. Ember Fund has already reported more than $10 million in transaction volume, with average revenue of $150 per user per year with $50 CPA.

Provenance

Provenance, with a valuation cap of $5 million, is raising funds on Republic. The company prepares and delivers healthy and premium meals for people who are busy and can’t spend time cooking. The meals provided by Provenance are ready-to-eat, nutritious, gluten-free, dairy-free, and without any refined sugar, and the company uses organic, fresh, and sustainably-sourced ingredients. Provenance was founded by Caroll Lee in May 2013 and has been profitable since 2014.

The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used towards marketing, improving the existing facility, and hiring more staff. Provenance has been featured in Vogue, The New York Times, Forbes, and Harper’s Bazaar and has been ranked as the best meal delivery service in New York City. The company generated revenues of over $1.43 million in 2018.

Wandering Barman

Wandering Barman, the provider of bottled cocktails, is raising funds on Republic. The company has a valuation cap of $5 million and specializes in creating top-quality, delicious, and interesting cocktails to modern customers. Wandering Barman combines its own mixing syrups and infusions with high-quality spirits to form the cocktails and bottles them to make them convenient to buy, sell, and consume.

Wandering Barman was founded by Roxane Mollicchi, Darren Grenia, and Julian Mohamed in October 2016 and raised $50,000 in a SAFE offering in 2018. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $500,000, and the proceeds will be used to expand nationally and move into a bigger space to sustain the growth in volume. Wandering Barman is already available at over 123 locations and has a reorder rate of 82%.

Peach

Peach, with a pre-money valuation of $7 million, is raising funds on SeedInvest. The company manufactures luxurious and premium bath tissue using sustainable and pure ingredients. Peach delivers its premium bath tissue to its customers on a monthly subscription basis and has created a strong brand value. The company was founded by Aaron Doades and raised $450,000 in its pre-seed round of funding.

The current seed round of crowdfunding has a minimum target of $350,000 and a maximum target of $3,000,000, and the funds will be used for customer growth & retention, product inventory, and G&A expenses. Peach reported $21,000 in gross revenues in September 2019, with a 28% month-over-month growth in revenues. It also has a sustainable and predictable business model that leads to higher customer lifetime value.

Sene

Sene, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The revolutionary clothing brand is changing the apparel market by creating zero-inventory custom-fit clothes. Sene has replaced tailors with data science, wherein customers generate their custom-fit through Sene’s SmartFit Quiz and place their order. The clothes are then, cut, assembled, and delivered in 2-3 weeks. Sene was founded by Ray Li and Mark Zheng and raised $20,000 in its pre-seed round of financing.

The proceeds of the current crowdfunding round, with a minimum target of $150,000 and a maximum target of $952,000, will be used for marketing, software development, rent, and operations and salaries. Sene has generated over $1 million in lifetime sales, with revenues growing at more than 60% month-over-month.

Ternio BlockCard

Ternio BlockCard, with a valuation cap of $15 million, is raising funds on Republic. The company provides a platform for the customers to move money instantly, with real-world application of blockchain and cryptocurrency. Ternio’s BlockCard allows users to buy using their cryptocurrency at about 50 million merchants. Ternio BlockCard was founded by Ian Kane and Daniel Gouldman in January 2018 and has raised $300,000 since its inception.

The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the funds will be used for marketing, product development, and adding more staff. Ternio BlockCard is already a profitable company, with more than $1 million in revenues in 2018. BlockCard has 11 enterprise partners white-labeling it.

Annie May’s Sweet Cafe

Annie May’s Sweet Cafe, with a valuation cap of $10 million, is raising funds on WeFunder. The sweet cafe is an allergy-free bakery which is free of the top 8 allergies in the US. It has been ranked number two in the country and has bought the rights to operate in seven states. Annie May’s Sweet Cafe was founded by Robert May and has raised $200,000 since its founding. The current crowdfunding round is specifically for Annie May’s New England LLC, and not the original location in Louisville.

The minimum target of the crowdfunding round is $200,000, while the maximum target is $1,000,000. The proceeds will be used to open the second bakery and top fund the e-commerce business. The original Annie May’s is already growing at 30% year-over-year, and the first franchise opened under Annie May’s New England LLC in Newton, MA did $5,400 in sales on the first full day.


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