Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowd 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.
UNOMi, with a valuation cap of $5 million, is raising funds on MicroVentures. The company offers a software platform for the creators of animated content to automate the speech integration process. UNOMi launched its first product, a lip-syncing application, in September 2019. The company was founded by Obi Onyejekwe and Arama Brown and raised $100,000 in its seed round of funding in April to June 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $107,000, and the funds will be used towards research & development, marketing, and legal fees. UNOMi plans to create a large suite of products in the future, including products related to motion capture, voiceovers, and personal avatar building.
Sweetberry, with a valuation cap of $9 million, is raising funds on Republic. The company is known for its healthy superfood concept that brings fresh food and good vibes to the local community. The products include healthy and customized Acai Bowls, Poke Bowls, salads, wraps, smoothies, and vegan ice-cream. Sweetberry was founded in September 2017 by Desi Saran and has raised more than $1 million in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used to hire more talent, to fund corporate build-outs, and for franchise growth and development. Sweetberry already has 19 locations nationwide and plans to grow to 30 locations by 2020. The company generated over $2 million in revenues in 2018 and expects to generate more than $4 million in 2019.
Leon & George, a new way to shop plants, is raising crowdfunding on WeFunder. The company has a valuation cap of $9 million and is modernizing the plant selling industry. Leon & George delivers high-quality and handpicked plants and potters to the customers, with extensive pre- and post-purchase support. Leon & George was founded by Ron Radu and Nicolas Bartoli and has raised over $400,000 since its inception. The current crowdfunding round has a minimum raise of $75,000 and a maximum raise of $1,070,000, and the proceeds will be used for margin optimization, brand exposure, supply chain build-out, and launching new operations and fulfillment center. Leon & George already has more than 10,000 customers and over $3 million in lifetime revenues, and the revenue is expected to double in 2019.
Growing Talent, a cannabis technology company, is raising funds on Republic. The company has a valuation cap of $3.75 million and is focused on developing minority talent. It plans to establish Black-owned cannabis retail stores all across the country. The Good Tree dispensaries will be backed by a state-of-the-art operating system and will also be minority-led. Growing Talent was founded by Rashaan Everett, Carl Ganz, and Dr. Eric Patrick in 2019. 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 marketing, replication of software of new dispensaries, build-out of online curriculum, on-the-job training, and new hires. Growing Talent has seven cannabis licenses and has already generated over $3.5 million in sales.
K-9 Divine, a reputable dog ranch, is raising crowdfunding on WeFunder. The company provides daycare, boarding, and training services for dogs when the owners are away. K-9 Divine is cage-free and provides a safe space for dogs to run around freely. The company was founded by Rachel Anna Jones and has raised more than $1 million since its inception. K-9 Divine houses around 100 dogs every day and has 35 employees, including dog trainers, animal shelter workers, vets, and volunteers. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $400,000, and the proceeds will be used for the construction and improvements to a new property. K-9 Divine has more than 2,000 customers, of which 75% are repeat customers, and the company has generated over $10 million in revenues since its inception.
Clean Air Lawn Care, with a pre-money valuation of $6.49 million, is raising funds on WeFunder. The company creates organic lawn fertilizers and provides solar-powered lawn mowing services. The full suite of services of Clean Air Lawn Care includes emission-free and chemical-free soil builders, weed control, and electric lawn maintenance. Clean Air Lawn Care was founded by Kelly Giard and has raised more than $2 million in past fundraises. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $750,000, and the funds will be used to pay off debt, new franchise development, and marketing. Clean Air Lawn Care has 67 franchise territories in 17 states with an 18% growth rate in franchise owner revenue year-over-year.
Pressure Games, with a valuation cap of $3.5 million, is raising funds on WeFunder. The company uses technology to create award-winning toys around playground games. The first patent-pending toy of Pressure Games combines hide-and-seek with technological innovation to create endless fun. Pressure Games was founded by Alex Andreae, Liz Hughes, and Nilesh Kulkarni and has raised around $60,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $107,000, will be used for product research and development, marketing and promotions, and employee compensation and wages. Pressure Games is set to launch its first product in the second quarter of 2020 and is sending demo units to reviewers and parents for feedback.
Texadelphia Katy, a new and improved version of Texadelphia franchise in Katy, is raising funds on NextSeed. The upcoming restaurant will combine the popular food of established Texadelphia restaurant with a sports bar atmosphere. Texadelphia Katy is set to have 30 TV screens, in addition to a full bar and sky lounge. Texadelphia Katy is owned by Jeremy Sanders and Kenny Owen, who have already successfully established the Galveston location. The proceeds of the current crowdfunding round, with a minimum target of $125,000 and a maximum target of $150,000, will be used for construction costs and operating expenses. Texadelphia Katy comes from the legacy of Texadelphia restaurant chain, established since 1981, with 15 locations across Texas and Oklahoma.
Texadelphia Memorial, another franchise location of Texadelphia in Houston, Texas, is raising funds on NextSeed. The restaurant will combine the delicious food of Texadelphia with a sports bar experience. The new location will be built on a 5,000 square feet space and plans to be a perfect neighborhood sports lounge. Texadelphia Memorial is owned by Jeremy Sanders and Kenny Owen, the successful team behind Texadelphia Katy and Texadelphia Galveston. The current crowdfunding round has a minimum goal of $125,000 and a maximum goal of $150,000, and the funds will be used towards construction costs and operating expenses at the Memorial location. Texadelphia Memorial is focused on being an updated and improved version of Texadelphia, at a central and spacious location, with the original Texadelphia feel.
AppApp, with no valuation cap, is raising funds on WeFunder. The application offers free appetizers to users when they dine out at the partner restaurants. AppApp provides instant rewards to consumers while keeping the costs down for restaurant owners. AppApp was launched in 2018 by Todd Folk and Nick Ludwig; however, it received a cold response at TechDay 2018. The team then rethought, redesigned, and restarted the application and raised $250,000 in its first round of crowdfunding in May 2019. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $278,766, and the funds will be used for marketing, continued app development, salaries, and other expenses. AppApp has already partnered with more than 90 restaurants in New York City and has over 250 monthly active users.
Hylete, with a pre-money valuation of $30.4 million, is raising funds on StartEngine. The company runs a fitness lifestyle brand with products, including men and women apparel, backpacks, and cross-training shoes. Hylete is focused on providing high-quality, innovation, and well-being of the community. The company was founded by Matt Paulson and Ron L. Wilson, II in 2012 and has raised more than $9.7 million since its inception. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. Hylete has over 248,000 customers and more than 25,000 fitness experts. The company generated net revenues of $11.7 million in 2018, with a cumulative growth rate of 40% from 2013 to 2018.
ChoiceTrade, with a pre-money valuation of $31 million, is raising funds on WunderFund. The company offers a micro-investing platform for global traders. The ChoiceTrade app is registered with the US SEC since 2000 and allows traders to start trading with as little as $10. ChoiceTrade is a global company with clients from over 100 countries. The company was founded by Neville Golvala and Ron Buckner. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $535,000, will be used for business development, technology development, and working capital. ChoiceTrade has generated $20 million in lifetime revenues and has earned Barron’s 4-star rating six times.
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.