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.
Furry Fortune The Movie, with a valuation of $1.1 million, is raising funds on Republic. It is a family-friendly movie about a dog whose fur turns into money. The movie comes with a sensitive message and is created by an award-winning team. Furry Fortune The Movie is directed and written by Justin Ward, produced by Casey Bond, and composed by Steve Dorff. The film has already raised over $150,000. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $916,365. The proceeds will be used for production and post-production expenses. Furry Fortune The Movie already has keen interest over social media, with more than 10,000 followers.
Smart Soda Holdings, with a valuation of $10.7 million, is raising crowdfunding on Republic. The water company makes and sells vitamin-infused soda and flavored sparkling water. The drinks are healthy, natural, vegan, antioxidant-rich, and can be CBD infused. Julia Solooki and Lior Shafir founded Smart Soda Holdings in February 2019 and have raised over $400,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $230,000, will be used to hire more salespeople, elevate the brand awareness, and break into the ready-to-drink space. Smart Soda Holdings is available in 32 flavors and comes first to market with its proprietary soda dispenser designs.
CoCo Noir Wine Shop & Bar, an upcoming wine shop and eatery in Oakland, CA, is raising funds on Wefunder. The business is led by women and minority winemakers and sells wine and tapas dishes. It focuses on bringing culture, life, and global experience to wines, foods, and art. Alicia Kidd and Mari Kemp founded CoCo Noir Wine Shop & Bar in February 2020. The current crowdfunding campaign has a minimum raise of $50,000 and a maximum raise of $107,000. The funds will be used for startup expenses, website design and maintenance, marketing, and in-store supplies. CoCo Noir Wine Shop & Bar is the first business to offer a tech and retail business model for the wine industry and is part of the new economy.
Reyets, with a $6 million valuation cap, is raising crowdfunding on Wefunder. It is a mobile app and community policing platform to record abuse. The app empowers citizens, amplifies their voices, and helps them prevent injustice. The people get to protect their civil rights and stay safe using technology. Wa’il Ashshowwaf, Ibrahem AlHaidari, and Berker Hazar founded Reyets in 2017. 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 for app development, marketing, hiring, and overhead expenses. Reyets is led by a talented team with a track record. It has high growth potential and high impact potential to solve a pressing problem.
Harmony Turbines, with a valuation cap of $2.5 million, is raising funds on Wefunder. The company makes safe and affordable wind turbines. These turbines can be used at home to reduce or eliminate electric bills. Christopher Moore founded Harmony Turbines in August 2020 and has raised over $45,000 since its founding. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $400,000. The proceeds will be used for marketing, purchasing material for the prototype, fabricating and assembling the prototype, simulations, and testing and rating prototype. Harmony Turbines has a patented technology capable of generating better returns on investment than the competitor models. The turbines are low-cost, easy to maintain, and make little to no noise.
GolfBoard by Sol Boards, with a pre-money valuation of $11 million, is raising funds on StartEngine. The company is revolutionizing the golf industry with its all-wheel-drive electric vehicle that can speed up the game and allows users to enjoy a surf-like experience. The single-rider vehicle is also preferred during COVID-19 to maintain social distancing while playing golf. John Wildman, Jeff Dowell, and Star Faraon founded GolfBoard by Sol Boards in 2013 and have raised over $2.2 million in previous rounds of financing. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $250,000. GolfBoard by Sol Boards has already deployed 3,000 units in seven countries. It has over 129,000 registered users and has generated more than $16.5 million in sales.
No-H2O, with a $13 million pre-money valuation, is raising funds on StartEngine. The company specializes in on-demand car washes. It uses a proprietary waterless formula and advanced infrastructure to offer its premium products and services to consumers and B2B customers. Emmet O’Brien founded No-H2O in May 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used for marketing, growing the team, and expansion. No-H2O has a proven track record with 20,000 on-demand app downloads and franchise growth in seven new US cities in just 12 months. The company has generated over $6 million in lifetime sales, with year-over-year sales growth of 978% in 2020.
Fenwick Farms Brewing Company, a brewery in Rensselaer, IN, is raising funds on MainVest. It is Rensselaer’s first brewery, owned by the people who have been farming the local land for generations. The brewery aims to become farm-to-glass soon. Fenwick Farms Brewing Company is owned by Ron Fenwick, Kenny VanHouten, and Sam Yacko. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $120,000. The proceeds will be used for renovations and purchasing new brewing equipment. Fenwick Farms Brewing Company takes pride in the values that it shares with the small town it operates in. The owners keep these values at the core of every day and every beer.
COI Energy, with a valuation cap of $18 million, is raising funds on Republic. It is a digital energy platform that helps companies and businesses to control their energy waste, achieve their energy goals, and reduce their carbon footprint. The platform detects, eliminates, and monetizes energy waste. SaLisa Berrien founded COI Energy in January 2018 and has raised over $1 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to expand relationships with the customers and eventually become the hub for the transactive energy marketplace. COI Energy has over 150 paying customers, including US Foods and Citi. The company has exclusive utility partnerships with TECO and NYPA and works on a simple subscription model.
American Stonecraft, a manufacturer of stone products, is raising funds on MainVest. The company partners with working farms and uses its fresh and sustainable rocks to make food slabs, boulders, and coasters. They also specialize in making products out of stones that customers select, like the stones from their garden, a walk on the beach, or a hike. American Stonecraft was founded by Gerald Croteau. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $250,000, will be used to build out a new location and ramp up inventory and marketing capabilities. American Stonecraft turns metamorphic rocks, granite, and marble from the New England geology into glorious products.
Lochiel Brewing, a brewery in Mesa, AZ, is raising funds on MainVest. It is a 10-barrel full-electric brewhouse, with several 7-barrel and 15-barrel fermenters. The brewery produces a range of Scottish-style, strong malt-forward beers. Ian Cameron founded Lochiel Brewing in 2015. The current crowdfunding campaign has a minimum raise of $50,000 and a maximum raise of $250,000. The funds will be used for purchasing raw material to increase production. Lochiel Brewing has already created a brand recognition for its beers and caters to the Scottish/Irish community in Arizona. The brewery plans to expand its bottling, production volume, and marketing to increase sales and revenues.
Nexus Brewery, a brewery restaurant in Albuquerque, NM, is raising funds on MainVest. The brewery and restaurant serves craft beer and New Mexican soul food. The menu includes red chile nachos, fried pickles, fried okra, open-faced enchiladas, and fried chicken and waffles. Nexus Brewery is owned by Ken Carson. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $200,000. The proceeds will be used for expansion and renovation at the second location of Nexus, Nexus Blue Smokehouse. Nexus Brewery serves everything made fresh in the brewery’s kitchen and is a hit among the people of New Mexico.
Bloomi, with a $6 million valuation cap, is raising crowdfunding on Republic. It is an exclusive intimate-care marketplace for all things intimate. The platform carries over 25 vetted brands of clean, intimate care products and is also creating its own line of products. The users can also access expert content from a team of sexologists. Rebecca Alvarez and Julie Leclercq-Argueta founded Bloomi in June 2018. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used to hire the core team, expand the marketplace, and launch new products. Bloomi has two revenue streams, including products and content. It makes a 55-75% margin on sales and expects to reach $2.3 million in sales by 2021.
ChipBrain, with a post-money valuation of $3.7 million, is raising crowdfunding on NetCapital. The company has made an emotionally-intelligent sales assistant for sales professionals. The assistant provides real-time feedback on the emotional response of the clients and helps the salespeople understand and communicate better. Lisa Vo, Curtis Northcutt, and John Fanning founded ChipBrain in June 2020. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $248,845, will be used for engineering and development, marketing, and general administration expenses. ChipBrain identifies key turning points in conversations and predicts the likelihood of success. It has multiple competitive advantages, including personalized feedback, a data-driven approach, and real-time automated coaching for sales reps.
Aurochs Brewing Company, a brewery in Pennsylvania and Washington DC, is raising funds on Honeycomb. The brewery makes great-tasting gluten-free craft beer. The beers are brewed with millet, quinoa, and other gluten-free ingredients. They are sold through direct walk-up sales to the tasting rooms or through wholesalers. Ryan Bove and Doug Foster founded Aurochs Brewing Company in 2012. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $150,000. The funds will be used to expand distribution, release new products, implement cost reductions, and decrease debt. Aurochs Brewing Company has won several national brewing awards and has reported a 40% growth from 2018 to 2019.
Melanence, with a post-money valuation of $4.75 million, is raising funds on NetCapital. The platform contains a variety of soft skills and technical courses that empower communities of color. The courses help in the professional, career and personal development of individuals of color. The platform provides accessible and purposeful education, with diversity and inclusion. Juan Young founded Melanence in May 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $250,000. The raise’s proceeds will be used for technology development, marketing and advertising, executive compensation, and legal and administrative expenses. Melanence works on a subscription-based business model and plans to generate more revenue streams through Melanence for Teams, Melanence for Schools, and Corporate Recruiter Subscriptions.
SoloQi, with a $7 million pre-money valuation, is raising crowdfunding on StartEngine. The company is creating practical wireless solutions to make wireless charging easily accessible. The SoloQi products emphasize convenience, functionality, style, and elegance. Solo Avital founded SoloQi in February 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used for manufacturing, fulfilling the demand, and boosting marketing. SoloQi became a bestseller at 20 beta stores and generated $117,000 in sales in the first four months of its launch. The company has also signed up with Apple Stores and Costco stores for distribution.
Capsul, with a pre-money valuation of $8.48 million, is raising funds on StartEngine. The company makes tech-enabled jewelry using Computer Vision and 3D-printing technology. Capsul converts premium and stylish customized jewelry into a unique time capsule. The jewelry is CAD-designed, cast, and customized using the customers’ handwriting, a sound wave of their voice, or a special name, place, or date. Tina Cheng founded Capsul in 2016. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.33 and a maximum raise of $1,069,998.96, will be used to expand into wholesale and retail, expand internationally, and increase product offerings. Capsul reported five times gross revenue growth from 2018 to 2019, with profit margins of 80% and 92% 5-star customer reviews.
COMMUNITYx, with a $6.2 million pre-money valuation, is raising funds on StartEngine. It is a coalition-building platform that unites like-minded individuals locally and globally. The algorithms of the COMMUNITYx platform understand what people are passionate about and form real connections between them to bring about real changes. Chloe Sledd founded COMMUNITYx in 2018. The current crowdfunding campaign has a minimum raise of $9,999 and a maximum raise of $1,069,999.50. COMMUNITYx’s data points — including who people are, where they are, and what they care about — are suitable to bring about positive social and political changes. The platform has quadrupled monthly user growth between June and July of 2020.
LockedBrands, with a $7 million valuation cap, is raising funds on Wefunder. The company makes smart lockbox systems that make households safer by providing secure storage for opioids. The first generation device of LockedBrands, The Pillar, stores medicines and valuables in an app-controlled and voice-activated personal lockbox. The second-generation device, Secure Med Manager, helps in secure storage and dispensing of medicines. Justine Monger founded LockedBrands in June 2019 and has raised over $1 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $150,000 and a maximum target of $1,070,000, will be used for marketing, Pillar product development, and detailed design and prototype development of Secure Med Manager. LockedBrands is led by a team of senior tech professionals, doctors, and entrepreneurs and is reaching a huge market.
Jetson AI, with a pre-money valuation of $20 million, is raising crowdfunding on MicroVentures through Reg A+ crowdfunding. It is a voice-first software and marketplace, with over 9,800 merchants and more than 1.1 million products. The SaaS platform aims to upgrade the speaker and voice-assistant experience with greater intelligence. Peter Peng founded Jetson AI in 2017 and has raised over $2.55 million in previous rounds of funding. The current funding campaign has no minimum raise and a maximum raise of $5,000,000. The proceeds will be used for payroll expenses, marketing expenses, and working capital. Jetson AI works as a joint venture with Think Acquisition, a government technology acquisition firm.
