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.
Stemsation, with a post-money valuation of $10.58 million, is raising funds on NetCapital. The company creates all-natural wellness products that help people feel, look, and function well. The products of Stemsation support the immune, stem cell, and endocannabinoid systems of the body and are sold through the direct selling channels. The company was founded by Ray C. Carter, Jr. and is spreading the wellness message around the world. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for marketing, acquisition of inventory, education and training, product development, repayment of notes, and compensation for managers. Stemsation is led by an experienced management team and is backed up by extensive research & development.
BitMovio, with a post-money valuation of $6.96 million, is raising funds on NetCapital. The BitMovio platform offers gamified video entertainment to next-generation users. The platform changes the way how content creators are paid, how content creators and users interact, and how attention is rewarded. The company follows a freemium business model. BitMovio was founded by Simon Zhu, Jerry Kowal, and Riz Virk in 2018 and has raised $1.2 million since its inception. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $500,001, and the proceeds will be used for research & development, marketing, user acquisition, content funding & partnership, and admin and operational expenses. BitMovio already has over 300 content creators and more than 14,000 registered users, with over 6,500 hours of content on the platform.
Attorney Et Al, a platform for legal content and education, is raising funds on NetCapital. The company has an implied valuation of $11.06 million and plans to combine technology with expertise in legal education to create a social media site specifically for attorneys. The content will include free websites and emails, discussion boards, and free legal education. Attorney Et Al further plans to replicate the same model with other professions. The company was founded by Michael Lynn Gabriel and plans to generate advertisement revenues like other social media sites. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,060,000, and the funds will be used for advertising, website development, accounting, leases, and compensation for managers. Attorney Et Al has the potential to allow attorneys and public gain access to free blogs, expert advice, legal ads, legal job postings, and legal research aids.
Mobile Cooks, with a valuation cap of $3 million, is raising crowdfunding on Republic. The company is bringing all the contributing partners of the pop-up market model together to make the events easier and more profitable. It provides an alternative to vegan cooks to use local ingredients and to experiment with their menu. Mobile Cooks was founded by Matthew Kaplan in September 2018. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used toward business management costs and kitchen managers’ salaries. Mobile Cooks is currently negotiating a lease for its first cloud kitchen and has already served more than 20,000 vegan meals in three months.
AppApp, an application for complimentary appetizers, is raising funds on WeFunder. The application allows users to get free appetizers whenever they dine out at partner restaurants. AppApp started in 2018, but after receiving a setback at TechDay 2018, rethought, redesigned, and restarted its business. The company was founded by Todd Folk and Nick Ludwig and has raised around $350,000 in previous rounds of funding. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $278,766, and the proceeds will be used for marketing, continued application development, and other expenses. AppApp released its Version 2 on October 6, 2019, and already has over 90 partner restaurants and more than 250 monthly active users.
Blue Top Brand, with a pre-money valuation of $9.98 million, is raising funds on NextSeed. The company is the manufacturer of creamy street sauces and offers a full line of these sauces in twelve flavors. The top-it-all condiments of Blue Top Brand can be added to anything, including pizzas, soups, salads, and tacos. Blue Top Brand was founded by Chris West and his family in 2015. The proceeds of the current round of crowdfunding, with a minimum goal of $750,000 and a maximum goal of $3,000,000, will be used to scale production, create foodservice packs, support marketing efforts, develop club stores offerings, hire additional staff, and repay existing debts. Blue Top Brand reported sales of $1.66 million in 2018, a sales growth of over seven times from 2016. The sauce of Blue Top Brand is ranked among the top-25 hot sauce in the US by IRI.
Medean, with a valuation cap of $6 million, is raising funds on SeedInvest. The company aims to make financial planner simpler for the next generation. It provides financial guidance and offers incentives for users who work their finances out positively. The Medean app acts both as a budgeting app and a financial planner. Medean was founded by Eric Skjodt, Matt Karazin, and Reed and raised $750,000 in its pre-seed round of funding in 2017. The current crowdfunding round has a minimum target of $400,000 and a maximum target of $1,000,000, and the proceeds will be used toward marketing, payroll, and general & administrative expenses. Medean already has relationships with two top banks and has participated in two prominent FinTech Accelerators. The app helps customers to save more than $250 just in the first month of using it.
LPPFusion, with a pre-money valuation of $39.3 million, is raising crowdfunding on WeFunder. The company is developing the fastest path to using fusion energy instead of the energy from fossil fuels. LPPFusion is creating the technology to generate the most power in the least space, in a clean, safe, and cheap manner. The technology of LPPFusion does not produce any radioactive waste and has provided excellent experimental results. LPPFusion is managed by Eric J. Lerner as the President and Chief Scientist, with Ivana Karamitsos as the Chief Information Officer. The company has raised over $7.5 million in the previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum goal of $400,000 and a maximum goal of $1,070,000, will be used to finance the next few critical months of scientific research and to pay down debts. LPPFusion has patents issued in countries including the US, China, Canada, the EU, and Australia.
LYFTYMES, an all-in-one party planner, is raising funds on WeFunder. The company assists people in eliminating the stress and mess of party planning and plans the parties end-to-end. The digital party planning app of LYFTYMES allows users to buy decorations, invite friends, create party websites, book venues and vendors, manage guests, and manage budgets, all in one place. LYFTYMES was founded by Katie Cunningham in 2018. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $107,000, and the proceeds will be used towards social media marketing spend, app development, and hiring business development personnel. LYFTYMES has diversified revenue channels and low customer acquisition cost. The number of user sign-ups is scaling at 400% month-over-month.
Profit Property 946 MLK, an entity that allows people to invest in high-value real estate, is raising funds on Republic. The company invests in properties at below the average market price and then improves them with the help of its real estate development and property management partner. Profit Property 946 MLK was founded by Zak Laikin in August 2019 specifically to allow investment in 946 MLK property in Indiana. The proceeds of the current crowdfunding round, with a minimum and maximum target of $1,070,000, will be used towards building the 20-unit apartment community at 946 MLK. Profit Property 946 MLK is backed by an experienced team with a proven track record. The crowdfunding investors will be the sole equity investors and will also receive voting rights.
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.