New Deals for the Week Ending 01/30/2022 - KingsCrowd

January 31, 2022

New Deals for the Week Ending 01/30/2022

Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowd members 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.

 

GreenChoice

GreenChoice, with a valuation of $6 million, is raising funds on Wefunder. The company has developed a grocery marketplace that sells nutritious and sustainable food products. The products on GreenChoice are climate-positive and suitable for conscious customers with dietary needs. GreenChoice has a database of more than 360,000 grocery products and more than 40,000 organic monthly users with 18% month-over-month growth. Galen Karlan-Mason founded GreenChoice in March 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for retaining the current team, hiring, marketing, servers, and office software.

 

Africa Eats

Africa Eats, with a valuation of $300,000, is raising funds on Wefunder. It is a for-profit organization tackling hunger and poverty in Africa. The Africa Eats platform has 27 vetted and trained companies that are processors, aggregators, and distributors of food to help provide food and food-related services to the poor in Africa. The portfolio companies of Africa Eats generated aggregate revenues of $9.8 million in 2020, up 61% year-over-year since 2014. Luni Libes and Jumaane Tafawa founded Africa Eats in November 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $200,000. The campaign proceeds will be used for creating shared savings and insurance services and purchasing solar, trucks, and other equipment needed by the company.

 

Aladdin

Aladdin, with a valuation of $9 million, is raising funds on Wefunder. It is Africa’s first ecosystem bank for freelancers and small business owners. The Aladdin app helps support the daily hustle of freelancers, individuals, and small business owners and gives them the financial tools they need. The app also aggregates all the solutions that individuals need with its APIs, SDKs, and mini-programs via partnerships. Aladdin has more than 40,000 users and has been revenue positive in its first six months. Darlington Onyeagoro founded Aladdin in November 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, operational expenses, work infrastructure, and platform expansion.

 

VEL

VEL, with a valuation of $9 million, is raising funds on Wefunder. It is a tech-forward work cafe that helps people work at the speed of life. The work cafe is premium and utopian and is most suitable for the new generation of workers, including freelancers. VEL is led by an experienced team and is opening its first location in Savannah’s historic district. Mo Hamzian and Jack Gunn founded VEL in September 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2,000,000. The campaign proceeds will be used for marketing, working capital, purchasing furniture and equipment, and opening more work cafes.

 

Ramshackle

Ramshackle is raising funds on Wefunder. The film studio is producing a film set within a used car dealership that explores themes of addiction and wrongful imprisonment and exposes the world of people who work at used car dealerships. Ramshackle is led by an award-winning team and accepted for a fiscal scholarship through The Gotham. Ramshackle is produced by Merritt Reid, written by Brian Ogden, and directed by Mike Jacobson. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $400,000. The campaign proceeds will be used for talent, crew, locations, props, gear, and post-production.

 

Parallel Flight Technologies

Parallel Flight Technologies, with a valuation of $175 million, is raising funds on StartEngine. The company has created a patent-pending drone technology that will allow drones to carry heavy loads for more than two hours. This will help in saving lives, property, and the environment. The innovative technology of Parallel Flight Technologies is called Parallel Hybrid Electric Multirotor (PHEM) and is funded by NASA, NSF, and USDA. Joshua Resnick, David Adams, and Bobby Hulter founded Parallel Flight Technologies in 2018. The current crowdfunding campaign has a minimum target of $9,989.20 and a maximum target of $4,999,956.20. The campaign proceeds will be used for marketing, scaling up the technology, and business development.

 

My Mamas Vegan

My Mamas Vegan is raising funds on MainVest. The vegan restaurant started out of the owner’s kitchen and has grown to its own location in Baltimore, MD. The restaurant serves delicious vegan and vegetarian food and also plans to sell its own line of bottled condiments and sauces. My Mamas Vegan is also socially responsible and fed frontline workers, first responders, local students, and families during the pandemic. Debonette Wyatt founded My Mamas Vegan in March 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $40,000. The campaign proceeds will be used for outdoor seating, urban community garden, and kitchen renovation.

 

Modestman Brewing

Modestman Brewing is raising funds on MainVest. The brewery crafts world-class beer using the finest ingredients and expert brewing techniques. The business serves exceptional craft beer with fresh and modern branding and excellent customer service. Modestman Brewing sold tasting room cans and in-house beer worth $1 million in 2021 and plans to open a second tasting room soon. Ashley Sheehan founded Modestman Brewing in February 2019. The current crowdfunding campaign has a minimum target of $171,000 and a maximum target of $250,000. The campaign proceeds will be used for equipment, renovation, and operating capital.

 

Village Hand Pies

Village Hand Pies is raising funds on Honeycomb. The business makes hand pies with a variety of flavors from across the world and a delicious, buttery, and flaky pastry. The pies of Village Hand Pies serve a variety of people and are sold direct-to-consumer and wholesale. Village Hand Pies plans to expand its wholesale business and has interest from Cherry Capital Foods, a specialty food distributor in the Midwest. Amy and Graham Mitchell founded Village Hand Pies in August 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $35,000. The campaign proceeds will be used for purchasing a payoff sheeter, a new commercial mixer, a reach-in freezer, redesigning e-commerce, and sponsoring a community fridge in Detroit.

 

Rake

Rake, with a valuation of $14 million, is raising funds on Wefunder. The company has developed a messaging platform for small businesses and enterprises. The messaging platform is omnichannel and highly manageable and works for person-to-person, person-to-application, application-to-person, and application-to-application messaging. Rake added 1,184 workspaces between March and May 2021 and averages 18 daily signups. Andy Weeks and Mike Brown founded Rake in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for hiring developers, marketing, and hiring support heads.

 

Konnected

Konnected, with a valuation of $6.9 million, is raising funds on StartEngine. The company has developed a system to help people take control of their homes’ wired alarm systems. The Konnected Alarm Panel is an Internet of Things device that can be connected to modern smart home apps and helps control and monitor homes from anywhere. Konnected has already earned $3.5 million in total revenues, with revenues exceeding $1 million in 2020 alone. Nate Clark founded Konnected in September 2017. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,999.50. The campaign proceeds will be used to expand the market share.

 

Art of Pour

Art of Pour, with a valuation of $12.4 million, is raising funds on StartEngine. The company makes ultra-premium ready-to-drink cocktails without too much sugar. The cocktails come in stackable glass bottles that look appealing and save space. Art of Pour products come in multiple flavors and are great on taste, quality, consistency, and margins. Alex Brent founded Art of Pour in December 2021. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,998.75. The campaign proceeds will be used for research and development, adding new products, and expansion.

 

Lifted Genetics

Lifted Genetics is raising funds on MainVest. It is a legal cannabis business that aims to provide unique genetics through small batch cultivation to the adult-use market. The business will cultivate handcrafted and premium cannabis flowers and use high-quality indoor growing systems to achieve carefully selected genetics. Lifted Genetics team has already pheno-hunted more than 100 strains to identify the company’s top twelve cultivars. David Griffiths founded Lifted Genetics in June 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for the initial facility buildout costs.

 

Glow Worm Play Cafe

Glow Worm Play Cafe is raising funds on MainVest. The business runs an indoor play area, a cafe, a bakery, community classes, and events. The play cafe provides a safe, clean, and fun environment for kids under the age of six while their caregivers can connect and work in the lounge area. The community classes and events of Glow Worm Play Cafe are open to everyone and are welcoming and inclusive. Kathryn Read founded Glow Worm Play Cafe in April 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $20,000. The campaign proceeds will be used for operating capital.

 

Parkway Autonomous

Parkway Autonomous, with a valuation of $100 million, is raising funds on StartEngine. The company has developed Connected Automated Vehicle (CAV) technology that aims to reinvent public transportation. The technology will be used to develop autonomous vehicles called CAVways for high-speed passenger and freight transport. Parkway Autonomous is in the prototype stage and is not available on the market yet. Alexander Stefman founded Parkway Autonomous in October 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the manufacturing of the prototype vehicle and the launch of the Parkway micro-factory.

 

Fit App by Macrofit

Fit App by Macrofit, with a valuation of $25.2 million, is raising funds on StartEngine. It is a connected fitness brand that provides fitness-related subscription content and fitness hardware. The business uses influencers to promote its content and hardware and has contracts with more than 50 pro athletes, trainers, and influencers. Fit App by Macrofit has generated more than $7 million in revenue in its 18 months of business. Michael DeVerna, Adam Frater, and Tyler Do founded Fit App by Macrofit in October 2018. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1,069,740. The campaign proceeds will be used for growth and expansion.

 

Capay Mills

Capay Mills is raising funds on SMBX. The company makes and sells flour made using sustainably grown grains adapted to unique climates and soils. The business builds connections from farm to loaf with its focus on flavor, nutrition, and education. The nutritious flours of Capay Mills have a distinct character and are stone-milled from local, heritage, and modern grains. David Kaisel founded Capay Mills in March 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $107,000. The campaign proceeds will be used for purchasing equipment, improving product quality, and growing the capacity.

 

FreMon Scientific

FreMon Scientific, with a valuation of $38.1 million, is raising funds on Netcapital. The company has developed, patented, and commercialized a blood product warming and thawing technology. The device is called ZipThaw202 with ZipSleeve and helps clinicians and lab technicians in plasma thawing. FreMon Scientific’s product is FDA cleared, certified under the American Association of Blood Banks, and sold in more than 14 countries and territories. Farideh Z. Bischoff, Frederick J. Thacher, and Menachem Shavit founded FreMon Scientific in April 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,996. The campaign proceeds will be used for compensation, sales and marketing, inventory, manufacturing, and product development.

 

7 Grain Army

7 Grain Army is raising funds on MainVest. The wellness bakery and food manufacturer in Brooklyn, NY, makes nourishing comfort foods loaded with immunity-boosting superfoods. The offerings include wholesome muffins, flavorful spreads, and tonics. 7 Grain Army has already secured the lease, initiated the buildout, and purchased equipment. Matthew Tilden and Jeffrey Olsen founded 7 Grain Army in 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $100,000. The campaign proceeds will be used for operating capital.

 

Asian Hustle Network

Asian Hustle Network, with a valuation of $3 million, is raising funds on SeedInvest. It is an online community focused on uplifting and empowering Asian entrepreneurs and allies. The platform helps Asian entrepreneurs connect with one another and get access to shared content, resources, mentorship, and commerce. Asian Hustle Network has built a community of more than 100,000 members with an 84% active user engagement rate on Facebook. Bryan Pham and Maggie Chui founded Asian Hustle Network in November 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $650,000. The campaign proceeds will be used for ads and events, staff and human resources, and general operating expenses.

 

Moxey

Moxey, with a valuation of $15.2 million, is raising funds on Wefunder. It is an innovative financial technology company that gives small business owners access to an interest-free line of credit. The platform has a unique ability to manage credit allocation inside the network. Moxey’s product is already used by more than 4,000 businesses in 16 cities across four states in the US and has reported 500% monthly revenue growth since its last raise. Charlie Davis and Chip Davis founded Moxey in 2010. The current crowdfunding campaign has a minimum target of $100,011 and a maximum target of $3,499,987. The campaign proceeds will be used for sales and marketing of new Moxey communities and the development of new app features.

 

Arbol

Arbol, with a valuation of $2.5 million, is raising funds on Wefunder. The company has developed a crowdfunding platform for low-income college students. The platform makes education affordable and equitable and allows low-income students to receive an education despite their financial and social challenges. The students get to raise funds, expand their network, and access the community on Arbol. David Gonzalez and Favio Osorio founded Arbol in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for hiring and operating costs.

 

BeatBox

BeatBox, with a valuation of $190 million, is raising funds on Wefunder. It is a top-selling ready-to-drink cocktail brand in the US. The drink is available in seven delicious flavors and is the world’s tastiest party punch. BeatBox is selling in more than 23,000 stores and generated $18 million in revenue in 2021. The business reported a 160% growth from 2020 and a 350% growth from 2019. Brad Schultz, Aimy Steadman, and Justin Fenchel founded BeatBox in November 2011. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $5,000,000. The campaign proceeds will be used for hiring, digital marketing, and music festival attendance.

 

Atlis Motor Vehicles

Atlis Motor Vehicles is raising funds on Rialto Markets through Regulation A crowdfunding. The company is designing and building the Atlis XT electric pickup truck that has a plug-in battery. The electric truck will be able to handle the needs of today without the burden of gas prices. Atlis Motor Vehicles aims to make vehicle ownership affordable, hassle-free, and efficient through its holistic approach. The company is revolutionizing battery technology with the world’s first AMV Cube Cell. Mark Hanchett founded Atlis Motor Vehicles in November 2016. The current crowdfunding campaign has no minimum target and a maximum target of $10,000,000. The campaign proceeds will be used for product research and development, marketing and advertising, working capital, and general corporate purposes.


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