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 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.
Chareau, with a pre-money valuation of $12 million, is raising funds on StartEngine. The company has crafted an all-natural liqueur made by combining aloe, cucumber, spearmint, lemon peel, and muskmelon. It is the first-of-its-kind liqueur for modern customers, made from the highest quality ingredients and without any artificial colors and flavors. Chareau was founded by Kurt Charron in 2019. The current round of crowdfunding has a minimum target of $9,996.75 and a maximum target of $249,999.75. The funds will be used to grow the domestic market share. Chareau is currently operating at 65% margins and expects the margins to reach 70% by 2022. The company has generated $3.45 million in lifetime revenue, with $1 million in 2019 alone.
Macro Snacks, with a $5 million pre-money valuation, is raising funds on StartEngine. The company makes healthy and macronutrient-balanced snacks that are plant-based and rich in protein. The snacks taste delicious and are gluten-free, vegan, non-GMO, and kosher. Macro Snacks was founded by Justin Wiesehan in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used to expand into new product categories, including protein bars, nut butter, popcorn, cookies, and a ready-to-drink protein product. Macro Snacks reported strong revenue growth in 2020, with revenues at $100,000 and gross margins between 72% and 75%.
CodeCombat, with a pre-money valuation of $25 million, is raising funds on SeedInvest. The company teaches kids how to code through engaging online games. The games solve the curriculum challenges of schools during COVID-19 by helping teachers teach computer science effectively and scalably. CodeCombat was founded by Nick Winter and Matt Lott in 2013 and has raised over $9.5 million in previous rounds of financing. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,000,000. The proceeds will be used for research and development, sales and marketing, and general and administrative expenses. CodeCombat is used in over 25,000 schools in the US and generated $2 million in revenue in 2019. The company reported a 75% growth in B2C business in two months due to COVID-19.
Innovative Eyewear, with a pre-money valuation of $3.75 million, is raising funds on StartEngine. The company makes smart and affordable eyewear with Bluetooth capabilities. The wearers can talk on the phone, listen to music, and control mobile functions through voice assistants. The smart eyewear of Innovative Eyewear acts like headphones and glasses and works to provide digital connectivity in addition to vision correction. Innovative Eyewear was founded by Harrison Gross, David Eric Cohen, and Konrad Dabrowski in 2019. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to bring the eyewear in a lightweight format and launch the Vyrb social media app. Innovative Eyewear has a strong intellectual property portfolio with exclusive rights to 21 pending patents. The company has a three-year contract with NFL star Richard Sherman as the brand ambassador.
Tapville Franchising, with a $4.5 million pre-money valuation, is raising funds on StartEngine. The company offers a technology-inspired food and beverage franchising concept that uses self-service technology and advanced data analytics. The technology helps in cutting costs and optimizing the customer experience. Tapville Franchising was founded by Joseph Tota and is disrupting the hospitality industry. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for growth and expansion. Tapville currently has two affiliate locations that have generated over $5 million in lifetime revenues. The contactless concept of Tapville is expected to thrive during and post-COVID-19. The franchising opportunities come as brick and mortar, kiosk, and mobile kiosk, and revenues come through royalties and franchise fees.
Ghost Flower, with a pre-money valuation of $1.5 million, is raising funds on Wefunder. It is an activewear company that combines fashion with science by integrating the body’s energy network into the designs. The styles suit all body shapes and help to unblock pain and re-energize the body. Ghost Flower was founded by Susan Peebler and has raised over $900,000 since its founding. The current crowdfunding campaign of the company has a minimum target of $50,001 and a maximum target of $400,000. The funds will be used for digital marketing, contract fitting and production management, and designing the fall/winter collection. Ghost Flower has high customer satisfaction and reported year-over-year growth of 170% in 2020, even during the pandemic.
Petpal, with a valuation cap of $5 million, is raising funds on MicroVentures. It is an online platform for all the pet needs of Indian pet owners. The company allows users to order pet products, including food, medicine, and accessories, and receive them at their doorstep with same-day shipping. Petpal was founded by Srivastava Gorthy in 2015. The proceeds of the current round of crowdfunding, with a minimum target of $50,000 and a maximum target of $500,000, will be used for campaign marketing, general marketing, future wages, and general working capital. Petpal received over 13,000 orders between 2018 and May 2020 and generated revenue of $138,389 in 2019. The online store features over 1,000 featured products and houses products for all pets like dogs, cats, and birds.
AsomBroso Tequila, with a pre-money valuation of $32.2 million, is raising funds on StartEngine. The company makes an ultra-premium award-winning tequila that respects tradition. The tequila is prepared with care from start to finish from blue weber agave grown in Amatiton, Mexico. AsomBroso Tequila was founded by Ricardo Gamarra in 2002. The current crowdfunding campaign of the company has a minimum goal of $9,997.45 and a maximum goal of $1,069,999.70. AsomBroso Tequila is currently sold in national chain stores like Total Wine & More and Costco and has an average reorder rate of 85%. The company has been awarded top honors, including the Best of the Best and Top Tequila in the San Francisco World Spirits Competition.
Better Family, with a $4.9 million pre-money valuation, is raising crowdfunding on StartEngine. The company has two patented products that make the lives of parents easier and better. The products include Swabbies, a no-mess organic diaper cream, and Beebo, a one-handed baby feeder. Beebo provides enhanced flexibility to the parents, while Swabbies gives soothing relief to the babies. Better Family was founded by Carman Cook-Campbell in 2010. The proceeds of the current round of crowdfunding, with a minimum raise of $9,999.99 and a maximum raise of $1,069,998.93, will be used to grow the brand as a premier premium brand. Better Family has impressed the Sharks on the Shark Tank and has partnerships with key players like Walmart and Buy Buy Baby.
Pawlytics, with a $2.5 million valuation cap, is raising funds on Wefunder. The company uses technology to create electronic health records for pets and provide top-quality care across many spectrums of services, including vets, groomers, boarders, and animal shelters. Pawlytics was founded by Lizz Whitacre in 2018 and has raised over $180,000 since its inception. The current round of crowdfunding of the company has a minimum target of $100,000 and a maximum target of $250,000. The proceeds will be used for marketing, direct costs, hiring engineers for the product team, and admin and sales/marketing employees. Pawlytics collected over 15,000 pet records and created 350 animal rescue accounts in the first year. The company is saving pets’ lives while collecting data for making a better world for pets.
Love The Network, a revolutionary online dating app with a valuation of $1 million, is raising funds on Fundopolis. The app allows only background-checked members with no charges of stalking, domestic violence, and harassment. The app also educates its members on healthy dating and happy relationships, while protecting them against predators, scammers, and fake accounts. Love The Network was founded by Ryan Murphy and Lauren Gamache in 2019. The proceeds of the current round of funding, with a minimum goal of $50,000 and a maximum goal of $249,999, will be used to cover costs for background checking and marketing and to expand the initial launch. Love The Network promotes positive, healthy dating and relationships and aims to create a social impact.
Squash the Beef, a vegan catering company in Northeast Ohio, is raising funds on Honeycomb. The company caters to events and provides concessions for fairs and festivals. The catering company also hosts pop-up events and sells its foods and beverages at local cafes. The offerings of Squash the Beef include Comfort Cone, Comfort Burger, and Comfort Rolls. Squash the Beef was founded by Kurtis J. Williams, Sr. and Candace Maiden in 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $30,000, and the funds will be used to purchase a new food trailer, marketing materials, labels, and packaging. Squash the Beef participated in the Cleveland Vegfest in 2019 and made $7,000 in sales. It has catered three weddings and continues to sell out at popups.
Spring Rock Holdings, with a post-money valuation of $2.8 million, is raising funds on NetCapital. It is a real estate operating company that plans to acquire high-value land and farms and make them available for investors. Investors get the opportunity of passive investing, asset diversification, and profit distribution. Spring Rock Holdings was founded by Aaron Lukse in January 2020. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $1,057,680. The funds will be used for property acquisition and sale-related expenses and compensation for managers. Spring Rock Holdings is not just any real estate company. It is backed by statistical methodology and analytical tools that modernize land and farm real estate investment.
Car Savior, with a valuation cap of $3.8 million, is raising crowdfunding on MicroVentures. It is an online car repair marketplace that makes car repairs faster, more convenient, and easier. The users can describe their problems through a questionnaire on the Car Savior website, and the diagnostic algorithm of the platform determines the most likely problem. Car Savior was founded by Christiaan Best and Hayden Luckadoo in 2017 and has raised about $270,000 since its founding. The current round of crowdfunding of the company has a minimum goal of $50,000 and a maximum goal of $250,000. The proceeds will be used for campaign marketing, general marketing, research and development, future wages, and general working capital. Car Savior has diagnosed more than 6,500 vehicles to date. Bookings increased by 23.75% in the first five months of 2020, compared to the same period in 2019.
Oscilla Power, with a $13 million valuation cap, is raising funds on MicroVentures. The company is developing The Triton, energy conversion equipment that will harness the power of ocean waves. The product has been through years of research, development, product validation, and trials, and will soon be deployed. Triton will convert ocean waves energy into utility-scale electricity. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The proceeds will be used for research and development and campaign marketing and advertising. Oscilla Power has 16 granted patents and has earned commitments for over $15 million in grants.
ChipMonk Baking, with a $3.5 million valuation cap, is raising crowdfunding on NextSeed. The company makes healthy and nutritious desserts that are safe for diabetics and fit into keto, low-carb, and other lifestyle diets. The products of ChipMonk Baking include cookies, brownies, and dry mixes to bake at home made with monk fruit and allulose as sweeteners. ChipMonk Baking was founded by Jose Hernandez and David Downing in 2019. The proceeds of the current round of crowdfunding, with a minimum goal of $75,000 and a maximum goal of $150,000, will be used to move baking and production to a larger facility, support online marketing efforts, and hire an operations manager. ChipMonk Baking reported an increase in online sales during the COVID-19 pandemic and has 33% month-over-month growth.
Belle Transformations Medical Spa
Belle Transformations Medical Spa, a new medical spa in Webster, TX, is raising funds on MainVest. It is a medical spa and aesthetics company that uses the latest technology to make its clients look better and feel better. The facility will offer facilities, including skincare, body contouring, laser-focused rejuvenation, and plasma-based treatments. Belle Transformations Medical Spa is owned by Dr. Rispba McCray-Garrison and David Garrison. The current crowdfunding campaign has a minimum raise of $50,000 and a maximum raise of $100,000. The funds will be used to finish buildout and open the facility in Webster, Texas. Belle Transformations Medical Spa has the opportunity to use market timing and technology to grow and expand. It will offer top-notch ambiance and atmosphere to the clients, along with innovative technology-driven treatments.
ABii by Van Robotics, with a pre-money valuation of $19.2 million, is raising funding on StartEngine. The company develops artificial intelligence-enabled smart robot tutors for personalized tutoring in core subjects. The robots understand individuals’ learning habits and adapt to their performance, attention, and stress levels. ABii by Van Robotics was founded by Laura Boccanfuso in 2016 and appeared on Shark Tank in May 2020. The current crowdfunding campaign of the company has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used to continue growing the network of ed tech resellers and distributors and add more content. ABii by Van Robotics sells robot tutors to schools at $999 per robot and individual customers at $599 per robot. The pilot conducted with four schools reported an improvement of 34% among 67% of the students.
Where’s Rose Film, a thrilling social horror film, is raising funds on Wefunder. The film tells stories about the current social issues, including the fake, socially-masked people that live amongst us as monsters. The film explores themes related to masculinity and privilege. Where’s Rose Film is written and directed by John Mathis and stars Ty Simpkins. The current crowdfunding campaign has a minimum raise of $54,000 and a maximum raise of $105,000, and the funds will be used for expenses related to pre-production, production, and post-production. Where’s Rose Film is led by an experienced team and will be attractive to the large fan base of Ty Simpkins.
Culinary Craft Workshop, a cooking school in Catonsville, MD, is raising funds on MainVest. The teaching kitchen and cooking workshop is a place where people of all levels of culinary skills work with professional chefs in a relaxed setting. The students at the Culinary Craft Workshop get hands-on training and demonstration classes from chefs. Culinary Craft Workshop was founded by Michael Carter and Joanie Robinson in 2019. The current round of crowdfunding has a minimum goal of $30,000 and a maximum goal of $60,000. The proceeds of the raise will be used to open a new location. Culinary Craft Workshop offers focused classes on meal planning, kitchen organization, nutrition, and advanced cooking tips and techniques.
OneCare, with a valuation cap of $21.5 million, is raising on Wefunder. The company is changing the face of caregiving with the help of data, analytics, and technology. CareWatch, the smartwatch from OneCare, assists healthcare providers, TPAs, and senior living companies to better manage the healthcare of people with chronic conditions. OneCare was founded by Thomas Glaser in 2019 and has raised over $5 million in previous rounds of funding. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for purchasing inventory, research and development, and operations. OneCare has technology partnerships with Microsoft, AT&T, and Verizon, and expects revenue and EBITDA growth of over 100% per year for 2021, 2022, and 2023.
CoPeace, with a $25.6 million pre-money valuation, is raising funds on Wefunder. The company aims at creating a new form of inclusive capitalism. It is making impact investing available to everyone, regardless of race, gender, background, or income level. CoPeace invests in growing companies and positive social impact and allows investors to participate in the growth. The company was founded by Craig Jonas in 2018 and has raised more than $1.6 million since its founding. The current round of crowdfunding has a minimum raise of $50,040 and a maximum raise of $1,069,920. The proceeds will be used for acquisitions and future holdings, marketing, and compensation to employees. CoPeace is a Public Benefit Corporation and is changing the world through positive impact investing.
Nyoobe, with a valuation cap of $12.5 million, is raising crowdfunding on Wefunder. It is a mobile app that allows businesses to advertise their products without paying any upfront fees. The members of Nyoobe earn cash for referring products and services anywhere in the world. It helps businesses generate word-of-mouth sales while also benefiting users financially. Nyoobe was founded by Derek Tippins, Michael Lee, and Kevin Thigpen in 2017 and has raised over $500,000 since its inception. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $1,070,000. The funds will be used for marketing and advertising and technology development. Nyoobe is already available on Google Play and App Store and will be available in nine countries in 2021.
MOXI, with a $5 million valuation cap, is raising crowdfunding on Wefunder. It is a financial wellness and payments app that helps freelancers manage their overall financial health. The app helps freelancers manage all their gigs and payments in one place and generate invoices and send payments seamlessly. MOXI was founded by Evelyne Kanakis in 2019 and has raised over $100,000 since its founding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $250,000, and the funds will be used for user acquisition, product build, and operations. MOXI is making life easier for the gig performers and is tailored for the specific needs of independent workers.
Unique Beauty Supply, an upcoming retail storefront and online beauty supply company, is raising funds on Buy The Block. The multi-ethnic beauty supply store will be located in Broussard, Louisiana, and will offer an extensive line of beauty supplies, including shampoos, conditioners, hairdressings, salon apparel, and relaxers. Unique Beauty Supply was founded by Elizabeth Zunega in 2018. The current crowdfunding campaign has a minimum target of $1,000 and a maximum target of $1,070,000, and the funds will be used towards business expenses and marketing. Unique Beauty Supply is focused on creating a full-service shopping experience with products and equipment from different lines.
