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.
Hive, the global community for entrepreneurs with a valuation cap of $10 million, is raising funds on Republic. The Hive platform connects entrepreneurs for business and personal growth through the digital social network. The platform allows the entrepreneurs and investors to meet in person at dinners and events and support one another in their work. Hive was founded by Ryan Allis in February 2017 and has raised over $1.6 million since its inception. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used to expand the global community and to create new ways to connect. Hive already has 3,200 paying customers in 130 countries. The company is at a revenue run-rate of $3.5 million per year, with over $7 million in lifetime revenues.
Back To Space, with a pre-money valuation of $5.67 million, is raising funds on WeFunder. The company is creating a platform to entertain and inspire interest in space, science, and engineering among the students. Back To Space is working with accomplished producers in Hollywood to create a STEM-inspired television show, in addition to collaborating with three Apollo astronauts to work with high school kids. Back To Space was founded by Michael Gorton and Danielle Dallas Roosa and has raised over $1.2 million since its founding. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used to develop the digital platform, marketing, and general operating expenses. Back To Space is backed by a team of experienced and passionate founders, with the best producers, science advisors, and business advisors. The digital media platform of Back To Space crossed 260,000 views in the first seven weeks of launch.
Atlis Motor Vehicles, with a pre-money valuation of $89.8 million, is raising crowdfunding on StartEngine. The company is dedicated to building electric work vehicles, including electric pickup trucks. The patent-pending technology of Atlis Motor Vehicles is currently in the design, test, and validation phases, and aims to handle sales, financing, delivery, and maintenance of its electric vehicles. Atlis Motor Vehicles was founded by Mark Hanchett in November 2016 and raised $1.07 million in the previous round of funding. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $729,000, and the proceeds will be used to complete the development and testing and enter the early manufacturing phase. Atlis Motor Vehicles already has more than $1 billion of truck reservations on its website and aims to offer unprecedented technology and efficiency.
Crafthouse Cocktails, with a valuation cap of $8.3 million, is raising funds on WeFunder. The company creates ready-to-drink cocktails with natural ingredients and sells them in bottled form. Crafthouse Cocktails makes seven types of classic and perfectly-balanced cocktails. It has partnered with top distilleries, including Plantation Rum, CH Distillery, and La Cofradia Tequila, to obtain high-quality spirits. Crafthouse Cocktails was founded by Matt Lindner and Charles Joly in 2011 and has raised over $1 million since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $300,000 and a maximum raise of $1,000,000, will be used towards business development, production, marketing, new line extensions, and new hires. Crafthouse Cocktails has partnerships with United Airlines and has served its signature cocktail, Moscow Mule, to many people on the airline. It is also set to serve its cocktails on the maiden ship of Virgin Voyages, to be launched in 2020.
Connector, an online community platform, is raising funds on Fundopolis. The platform serves as the connection between people affected by mental illness, addiction, and abuse, and aims to remove the stigma associated with these conditions through peer support and assistance. Connector also serves as the platform for treatment providers to post the services available with them to assist recovery. The company was founded by Timothy Sullivan in 2018 and, the app became available both on Apple and Google Play Store in 2019. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $100,000. Connector application aims to have a positive impact on the community through social justice, health & human services, and community building.
TNHC, the provider of farm to family hemp solutions, is raising crowdfunding on Fundopolis. The company works towards high-CBD hemp, with better genetics, methodologies, and experience. TNHC is licensed and compliant with the Tennessee Department of Agriculture and develops and sells hemp through a nursery revenue model. The ancillary income streams come from networking events, manufacturing and distributing hemp products, and consulting. Tennessee Hemp was founded by Donald Rizzi, KC Stark, and Nathan Rizzi in 2018 and started the production of high-CBD oils in March 2019. The proceeds of the current crowdfunding round, with a minimum raise of $250,000, will be used to scale production and expand across the country. TNHC is backed by a highly experienced and passionate team and provides CBD with reliable plant genetics.
Apotheka Systems, transforming patient care experience, is raising funds on Fundopolis. The company is utilizing blockchain and artificial intelligence to disrupt the healthcare industry. The technology of Apotheka Systems changes the electronic medical records of patients into secure blockchain ecosystems, making them secure and scalable. Apotheka Systems was founded by Dennis Maliani in 2018. The crowdfunding round has a minimum target of $300,000, and the funds will be used for software development, operations, and to provide runway for the coming months. The Apotheka Systems technology provides six-way patient validation on the blockchain and is currently in use at TowerENT at Cedars and Stemcell Therapeutics LA.
Peeka VR, bringing picture books to life, is raising funds on Fundopolis. The company uses virtual reality to bring picture books to life for kids to be a part of their favorite books and stories. Peeka VR has built a virtual reality book library and platform to host its VR experiences and has already created three VR picture book experiences. Peeka VR was founded by Hunter Stutsman, Michael Wong, and Alex Comfortes in 2017 and raised $60,000 in its pre-seed round of funding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000, will be used to integrate with strategic partners, complete new app features, grow content moat, onboard new enterprise partners, and acquire more downloads and users. Peeka VR has already launched its VR reading programs in the states of Idaho and South Carolina and plans to expand to Washington DC by the end of the year.
Bee Mortgage App, making mortgage and lending convenient and accessible, is raising crowdfunding on Fundopolis. The modern app, backed by a team experienced in lending, blockchain, and mobile application development, manages the entire loan process from start to end over the mobile interface. The patent-pending automation framework of the Bee Mortgage App focuses on decentralized data validation protocols and provides access to home loans 24/7. Bee Mortgage App was founded by Curtis Wood, Cynthia Wood, Kristin Scheurer, Holly Davis, Matt Offers, Munir Valiani, Suzanne Bearry, David Braun, and Dwight Skyers in 2019. The current crowdfunding round has a minimum raise of $50,000, and the funds will be used to complete product development. Bee Mortgage App is the only mobile mortgage app built on blockchain, with patent-pending technology and up to three times loan production capacity.
Camino Kombucha, a kombucha brewery based in Philadelphia, is raising funds on Honeycomb Credit. The company creates its own niche health drink, kombucha, using the best practices of the industry. Camino Kombucha operates from a 2,400 square-feet brewing space in Kensington and has a weekly brewing capacity of about 330 bottles. Camino Kombucha is owned by Nohra Murad, who started the company during her junior year at college. The current crowdfunding round has a minimum target of $20,000 and a maximum target of $53,300, and the funds will be used to scale the operations and hire new staff, including a brewmaster, sales staff, delivery staff, and brewing staff. Camino Kombucha expects to become profitable in March of 2020 and plans to expand further in 2021.
Flexable, offering care services for children, is raising funds on Honeycomb Credit. The company helps parents continue their work and other responsibilities by providing safe and reliable childcare services. Flexable is bringing childcare to work, events, and conferences, on-demand, and is creating an ecosystem of supportive care. Flexable was founded by Priya Amin and Jessica Strong in 2016 and received $50,000 in seed funding through AlphaLab Accelerator Program. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $107,000, will be used for the development of a stable technology platform. Flexable plans to transition from on-demand on-site childcare to individual care. It currently has 120 strategic partners and has watched over 2,500 children in over 1,000 events.
C Meyers Feldman & Co, an independent insurance agency, is raising funds on CrowdSource Funded. The company provides property and casualty (P&C) insurance to seal and medium-sized businesses and plans to acquire more P&C businesses to expand across the country. C Meyers Feldman & Co is led by Charles Feldman. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000. C Meyers Feldman & Co is focused on growing its revenue and improving its operating margins by expanding the insurance companies it acquires. It also aims to reduce its expenses through economies of scale.
Delee, with a valuation cap of $10 million, is raising funds on Republic. The company has created a device, CytoCatch, for the early detection of circulating tumor cells in the bloodstream. The device also assists in the personalization and optimization of the treatment of patients and monitor the effectiveness of treatments. Thus, CytoCatch helps to increase the chances of curing cancer and survival. Delee was founded by Liza Velarde, Juan Felipe Yee, and Alejandro Abarca in November 2016 and has already raised over $1.3 million in funding since its inception. The current round of crowdfunding has a minimum goal of $75,000 and a maximum goal of $1,070,000. Delee already has a fully functional technology that is being tested for prostate cancer.
Graff Golf, with a $3 million valuation cap, is raising crowdfunding on WeFunder. Graff Golf is creating smart golf balls with patented electronics to analyze the statistics of golf shots. The technology combines the benefits of launch monitors, rangefinders, and other game-enhancing technologies to help the players improve their games affordably. The same business model is expandable to other games like baseball, soccer, tennis, and softball. Graff Golf is led by Aaron Shapiro, and the product is being developed by John Hopkins engineers. The proceeds of the current crowdfunding round, with a minimum target of $20,000 and a maximum target of $100,000, will be used towards development and testing, marketing, and initial inventory. Graff Golf generated over 8,000 unique views on its website last month and has partnered with the largest golf ball manufacturer in the US.
Billion Vegans, with a valuation cap of $6.5 million, is raising funds on WeFunder. The platform is the world’s largest online marketplace for plant-based and vegan products, with over 6,000 products and more than 300 sellers. It is a one-stop vegan shop with products ranging from food, fashion, cosmetics, and wellness to home goods and pet supplies. Billion Vegans has made vegan shopping affordable and fun. The company was founded by Alon Hochberg and has raised over $500,000 since its founding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $354,522, and the proceeds will be used for marketing and operations. Billion Vegans has created an excellent market fit for its products and is performing well with a low customer acquisition cost of $20 and a high retention rate of 23%.
BatteryXchange, with a $4 million valuation cap, is raising funds on LocalStake. The company has created an on-the-go charging solution in the form of mobile chargers. The product of BatteryXchange has been tested over the past year and is ready to come to the market. BatteryXchange will cater to special event venues like convention centers and sporting arenas and will have charging kiosks at bars and restaurants. The company was founded by Desmond A Wiggan Jr. and Aubrey K Annoh-Yeboah and has raised over $125,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $86,000 and a maximum raise of $716,000, will be used for product development, inventory building, hiring, marketing and sales, and location buildout. BatteryXchange has conducted 25 pilots at various events, conferences, bars, and restaurants, and already has over 1,000 users.
Secure Solar Capital, a market leader in Virginia solar industry, is raising crowdfunding on Localstake. The company develops affordable solar power solutions for tax-exempt entities. Currently, Secure Solar Capital has five tax-exempt organizations as its customers for who it finances, installs, owns, and operates the solar arrays. The company was founded in 2017 and is led by Anthony Smith. The current round of crowdfunding has a minimum raise of $40,000 and a maximum raise of $1,100,000, and the funds will be used for equipment purchase, hiring, and other expenses. Investors will get to join the SolarBond program of Secure Solar Capital to help fund various solar projects.
Hemp Real Estate Investments (HREI), with a pre-money valuation of $3 million, is raising funds on Fundanna Crowdfunding. The company is an investment vehicle that acquires real estate properties for entrepreneurs in the hemp industry. HREI acquires, leases, develops, manages, and sells the properties to generate high returns for shareholders. Hemp Real Estate Investments was founded by Tariq Khan, a serial entrepreneur. The current crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the proceeds will be used for marketing, staffing, R&D, legal expenses, and office overheads. Hemp Real Estate Investments aims to provide a unique environment for all cannabis-related commercial activities, with its shared office space and R&D space.
Story2, with a $10 million valuation cap, is raising funds on Republic. The company is focused on improving communication capabilities through the art of storytelling. Story2 uses the Moments Method for people to tell their stories effectively and confidently. Additionally, the company also has a unique platform, StoryBuilder, that provides writing courses and coaching for students and professionals. Story2 was founded by Carol Barash, Moshiur Tarafdar, and Jack Scotti in 2014 and has raised over $2 million since its inception. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $1,070,000. Story2 has served more than 200,000 users to date and has partnered with Kaplan, Princeton, NYC DOE, and the likes.
Akibah Health, with a pre-money valuation of $5.96 million, is raising funds on StartEngine. The company has created GluCase, an all-in-one diabetes management system. The system is OtterBox-enabled, encased in a smartphone case, and integrated as a glucose monitoring kit and Bluetooth module. Akibah Health works on a monthly subscription model wherein customers receive a GluCase, monthly supply of test strips, and access to a supporting mobile app. The company was founded by Fathi Abdelsalam and has already raised over $500,000 in its seed round of funding. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. Akibah Health has already fulfilled hundreds of pre-order sales in 2018 and is all ready to change diabetes patients’ lives.
Robovet, a revolutionary robotic technology for pets, is raising funds on WeFunder. The company has a valuation cap of $4 million and has developed a patented imaging technology for animals. The Robovet technology will enhance veterinary imaging and revolutionise veterinary care for pets, at a quarter of the cost of traditional MRI systems. The same technique can also use magnets to move surgical tools and magnetics particles to treat diseases in animals. Robovet was founded by Irving Weinberg in 2019. 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 develop a prototype full-scale MRI system and for business development and advertising. The proprietary technology of Robovet has 18 granted patents and 100 pending patents.
Slumber Bump, with a $5 million pre-money valuation, is raising funds on Mr Crowd. The company has created a product, slumberBUMP, that assists in sleep positioning and works as an alternative therapy for snoring and sleep-disordered breathing. It helps people who snore to sleep on their side rather than their back to control snoring. Slumber Bump was founded by Dr Shad L. Morris in May 2013. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used towards increased production of slumberBUMP, marketing, hiring, research & development, and working capital. The product has helped many patients to be happier, more energetic, better drivers, and function better at work.
Vendaval, with a pre-money valuation of $20 million, is raising funds on Mr Crowd. The company is developing two acres of 94 residential units and other commercial facilities like entertainment facilities and restaurants to support these residential units in Santa Ana, California. Most of the 94 units will be pre-leased before the start of construction, and the facility will be operational within two years of the start of construction. Vendaval was founded by Nadim Nick Saifan Jr. in April 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used to hire the pre-construction team and to acquire and develop the property. Vendaval aims to build a differentiated and comfortable community with excellent services for youth, adults, and veterans. The commercial part will house a laundry facility, UPS store, education centre, fast food restaurant, gym facility, and a medical facility.
CEO Space, with a $10 million pre-money valuation, is raining funds on Mr Crowd. The company works towards teaching and mentoring upcoming entrepreneurs to grow in their career. The entrepreneurs are taught by faculty made up of real-life CEOs, who impart knowledge through real-life experiences and teach about growth strategies, mindset, and how to raise capital. CEO Space was founded by September Dohrmann in 2009. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used towards scaling the business through advertising and PR, thereby increasing the demand side of the business. CEO Space owns a content library and a patented issued technology software known as Super Teaching.
Connection Publishing, a community magazine company with a pre-money valuation of $2.4 million, is raising funds on Mr Crowd. The company partners with cities to replace conventional newsletters with its full-featured news magazines that carry official city news, and other interesting stories. The community news magazines of Connection Publishing also contain restaurant highlights, recipes, local history, local hiking trails, and other local information. Connection Publishing was founded by Melissa Spelts and Ryan Spelts in July 2016. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $600,000, will be used to open new magazines and serve more communities. Connection Publishing has been profitable in the past two fiscal years and reported revenues of over $300,000 in 2018, up 57% compared to the prior year.
koo.koo.nelli, an upcoming eco-friendly retail and community gathering store, is raising funds on Mainvest. The store will feature eco-conscious clothing for men and women, shoes, books, jewellery, cosmetics, local art, baby goods, and home goods. Initially, koo.koo.nelli will launch as a pop-up in the Bow Market marketplace and will eventually grow into a permanent space. The company was founded by Nassy Mornaghi in 2019. The current crowdfunding round has a minimum target of $20,000 and a maximum target of $75,000, and the funds will be used towards build-out of space, inventory, operational capital, and point of sale system. koo.koo.nelli is opening its first pop-up in a profitable market and plans to use the proven hybrid event business model.
Comfort Kitchen, an upcoming mission-driven restaurant in Dorchester, is seeking funds on Mainvest. The restaurant will open as a cafe, a food incubator, and a community meeting place to bring about collaboration, engagement, and cultural understanding in the community. Comfort Kitchen will serve as a cafe by the day and as a restaurant by night. The company was founded by Biplaw Rai, Nyacko Perry, and Kwasi Kwaa. The current crowdfunding round has a minimum goal of $75,000 and a maximum raise of $100,000, and the proceeds will be used towards kitchen and bathroom build-out, equipment, bar counter, and working capital. Comfort Kitchen is about to open in a culturally and racially diverse area of the city, with thousands of potential customers in the vicinity.
See You Then Film, a new film by SXSW and LA Film Festival Award Winners, is raising crowdfunding on WeFunder. The story of the film revolves around Kris and Naomi who meet each other years after college and find shocking facts about each other. The conflicted emotions of the lead characters and the immersive cinematography of the film expect to draw a large audience. See You Then Film is directed and co-written by Mari Walker and produced and co-written by Kristen Uno. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $250,000, and the funds will be used towards production and post-production expenses and advanced digital advertising. The team behind See You Then Film is highly experienced and has worked on over 50 projects.
Film: What Are You Doing New Year’s?, a romantic comedy, is raising funds on WeFunder. The film revolves around a holiday house party at Annie and Tom Clark’s over a period of six years. Film: What Are You Doing New Year’s? is a different kind of Christmas movie and digs deep into the holiday spirit. The film is being directed and written by Christine Weatherup and produced by Beatriz Chahin and Matt Enlow. The proceeds of the current crowdfunding round, with a minimum raise of $60,000 and a maximum raise of $250,000, will be used towards production, cast fees, and post-production. The director and producers behind Film: What Are You Doing New Year’s? have successful movies to their credit and have won several awards, including Emmy and Webby Awards.
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.