New Deals for the Week Ending 01/13/23 - KingsCrowd

January 16, 2023

New Deals for the Week Ending 01/13/23

Here are the newest startup raises that have been added to the KingsCrowd database. We’ve sorted them according to industry. For more information on a specific deal, just click the link provided.

Please note, these are not recommendations but are meant only 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.

Alcohol, Tobacco, & Recreational Drugs

Red Eye Louie’s

Red Eye Louie’s is a brand of craft spirit blends, featuring mixtures such as vodka and tequila, rum and tequila, and more. Its products have won 22 awards and are sold in more than 7,500 retail outlets.

  • Valuation: $15.3 million
  • Platform: StartEngine
  • Founders: Chander Arora, Nina Arora, and Vikram Arora
  • Minimum Investment: $250

ONE ROQ Spirits

ONE ROQ Spirits sells a luxury vodka called ONE ROQ. It also has a rewards platform called ONEROQClub.com, which lets members earn savings on alcohol, potential travel rewards, and more. In the past year, the company saw a 118% increase in sales and a 94% increase in registered app users.

  • Valuation: $42 million
  • Platform: Andes Capital
  • Founder: Garrett Green
  • Minimum Investment: $200

Beauty & Personal Care

TLOREN

TLOREN is a hair and beauty salon that offers vegan and gluten-free products for its services and home care. TLOREN emphasizes diversity and is moving to a new location in Woodridge, Illinois.

  • Platform: Honeycomb
  • Founders: Tina Brown and Lauren Brown
  • Interest rate: 11.75%
  • Minimum Investment: $100

Business Services, Software, & Applications

Zero Cheating

Zero Cheating offers an automated proctoring service to detect cheating on digital tests. Its wide-angle camera can catch students using their phones and detect motion, and the service reduces privacy issues and discrimination by using a background filter, relying less on artificial intelligence, and more. Zero Cheating received a $50,000 endorsement investment from a Yale professor.

  • Valuation: $5 million
  • Platform: Wefunder
  • Founder: Neil Parsont
  • Minimum Investment: $100

Consumer Products, Goods, & Services

Bowr

Bowr offers a digital marketplace for sustainable, customizable furniture that eliminates the middlemen between furniture makers and customers. The company works directly with manufacturers using its software as a service. Bowr has partnered with 215 manufacturers so far.

  • Valuation: $10 million
  • Platform: Republic
  • Founders: Parikshit Guhabiswas and Kc Princess Guesdan
  • Minimum Investment: $150

Fast Bags Corp

Fast Bags Corp sells biodegradable trash bags called BagUps that can be changed quickly. The product has multiple patents, and the company plans to expand to commercial-sized BagUps, dog bags, litter liners, and more.

  • Valuation: $9.5 million
  • Platform: Wefunder
  • Founder: Jack Licata
  • Minimum Investment: $300

Cannecht

Cannecht’s platform acts as a marketplace where cannabis operators can quickly find service providers to partner with. Cannecht aims to support the growing cannabis industry.

  • Valuation: $8 million
  • Platform: StartEngine
  • Founders: Peter Crawford, Elizabeth May, and Carlos Perez
  • Minimum Investment: $150.75

Energy, Power, & Natural Resources

Exlites Holdings International

Exlites Holdings International is developing two technologies for extending the range of electric vehicles between charges. The company is working on a prototype and aims to improve vehicles without making major changes to them.

  • Valuation: $23.6 million
  • Platform: TruCrowd
  • Minimum Investment: $350

Phoenix Capital Group

Phoenix Capital Group is a mineral acquisition firm. It developed a platform for its own use that performs identification, analysis, underwriting, and more for mineral acquisition purposes. So far, the company has acquired more than 1,700 mineral assets and still owns 1,464 of them.

  • Platform: Dalmore Group
  • Founder: Lindsey Wilson
  • Interest rate: 9%
  • Minimum Investment: $5,000

Financial & Insurance Products & Services

LoopGolf

LoopGolf is developing a digital wallet that golfers and golf fans can use exclusively for golf purposes. The wallet can be used to track and settle on-course wagers, and upcoming features include reward cards and shopping discovery.

  • Valuation: $10 million
  • Platform: Republic
  • Founders: Thomas Reinholm, Matt Rum, and Michael Sarzynski
  • Minimum Investment: $100

CGB Green Liberty Notes

CGB Green Liberty Notes uses investors’ money to help small businesses in Connecticut make energy efficiency upgrades with zero-interest loans. The company is a subsidiary of Connecticut Green Bank, and it aims to support Connecticut’s green economy.

  • Platform: Raise Green
  • Interest rate: 4.75%
  • Minimum Investment: $100

Fitness & Wellness

OmniPad

OmniPad has developed a patented, omnidirectional treadmill, the OmniPad, that lets users run or walk in any direction. Gamers, virtual shoppers, and others can use the OmniPad to enhance their virtual experiences. The company plans to sell the OmniPad independently online and through other channels, like Best Buy.

  • Valuation: $9.4 million
  • Platform: Netcapital
  • Founder: Neil Epstein
  • Minimum Investment: $100

Food, Beverage, & Restaurants

Beanchain Coffee

Beanchain Coffee will be a cafe, bakery, and shared workspace in Mesa, Arizona. Beanchain Coffee’s goal is to support its community by giving aspiring bakers a starting point, providing a place for work and collaboration, and more.

  • Investment Multiple: 1.4x
  • Platform: MainVest
  • Founders: David Baxter and Shannon Baxter
  • Minimum Investment: $100

Alchemy Wine & Beer

Alchemy Wine & Beer sells affordable wines, beers, and ciders in Hamburg, New York, and it occasionally hosts events, including live music and yoga classes. The company’s next step is running its own vineyard and opening a Champagne house in Buffalo.

  • Platform: SMBX
  • Founders: Anne McIntosh and Nicole Casell
  • Interest rate: 9.5%
  • Minimum Investment: $10

Brueprint Tap Rooms

Brueprint Tap Rooms is a craft brewery and taproom located in Cary, North Carolina that utilizes beverages with regionally themed branding. It has partnered with Lonerider Brewing and plans to open two more locations.

  • Investment Multiple: 1.5x
  • Platform: MainVest
  • Founder: Eric Wagner
  • Minimum Investment: $100

A Taylored Experience

A Taylored Experience is a southern-style vegan restaurant operating out of a ghost kitchen in Mobile, Alabama. The business plans to buy a food trailer and expand to Atlanta, Georgia.

  • Platform: Honeycomb
  • Founder: Amanda Taylor
  • Interest rate: 11.25%
  • Minimum Investment: $100

Protein Quick

Protein Quick offers a line of ready-to-drink protein beverages with 20 grams of protein and no fat, sugar, caffeine, or carbohydrates. The company aims to make protein available quickly, affordably, and without unnecessary calories.

  • Valuation: $10.1 million
  • Platform: Netcapital
  • Founder: Scott Kauffman
  • Minimum Investment: $99.64

Dolce Brooklyn

Dolce Brooklyn is a high-end gelato company located in Brooklyn, New York that also offers cakes and macarons. It currently has a retail location, sells online in select locations, offers catering, and serves 40 local restaurants.

  • Investment Multiple: 1.4x
  • Platform: MainVest
  • Founders: Pierre Alexandre and Kristina Frantz
  • Minimum Investment: $200

Healthcare & Pharmaceuticals

Boomerang

Boomerang lets customers assess their current health through a series of at-home diagnostic test kits, and one of its wellness advisors helps customers improve their health through a plan that comes with motivational rewards. Boomerang’s goal is to make healthcare more accessible.

  • Valuation: $10 million
  • Platform: Title3Funds
  • Minimum Investment: $250

Oxygen4Life

Oxygen4Life sells a variety of over-the-counter supplements that support heart health, brain health, and more. Its medical food, EZtrek, is only available through physicians and can be used for managing diabetes, cardiovascular disease, and more. The company aims to educate the public about its products using methods like social media and influencers.

  • Valuation: $5 million
  • Platform: Dealmaker Securities
  • Founders: Mike Maunu and Alex Maunu
  • Minimum Investment: $100.20

Veebot Systems

Veebot Systems is developing robotic, image-guided needle insertion technology that can reduce failed needle sticks. The technology is patented and in the prototype stage, and the company is getting ready for a series of clinical trials.

  • Valuation: $14 million
  • Platform: StartEngine
  • Founders: William Haugland, Richard Harris, and Stuart Harris
  • Minimum Investment: $101.76

Pet Health, Food, and Services

Bow Wow Labs

Bow Wow Labs is a pet products company that seeks to keep pets safe. Its launch product, the Bow Wow Buddy, prevents dogs from swallowing the ends of chew sticks whole and choking on them. The company has sold 200,000 Bow Wow Buddies, 1.6 bully sticks, and more.

  • Valuation: $23.3 million
  • Platform: Wefunder
  • Minimum Investment: $100

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