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.
TruSo, with a valuation of $16.2 million, is raising funds on StartEngine. The company has developed a social network based on video. The TruSo social network is the place where real conversations happen among people on video calls and with an integrated chat community. The app is also accessible for the deaf and helps the users and community monetize their content. TruSo is led by an experienced team and has a waitlist of more than 2,000 people ready to participate in the beta testing phase. Matthew Newman founded TruSo in February 2021. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.
Sports Engineering, with a valuation of $24.2 million, is raising funds on Netcapital. The company uses its patented and innovative footwear technology to make footwear that enhances athletic safety and mitigates potential causes of injury. Sports Engineering’s patented SplitSole and SmartSpring technologies reduce ground reaction forces related to rotational force and horizontal shear that are the common causes of injury. Sports Engineering already has product development agreements with two footwear brands and four NDAs with multi-vertical brands for commercialization. Ed Cowle founded Sports Engineering in March 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for research and product development, marketing, debt service, and compensation for managers.
A)plan coaching, with a valuation of $20 million, is raising funds on SeedInvest. The company has developed an app that is amplified by proven coaching technology. It facilitates frequent engagement with its scalable and optimized coaching platform that allows individuals and teams across organizations to share consistent tools, language, and approaches. A)plan coaching reported monthly revenue of $218,000 in October 2021 and has secured a renewing engagement at the Haas Business School at UC Berkeley. Michael Counts founded a)plan coaching in September 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used for technology and design, training and QA/QC, and operational growth.
AgWiki is raising funds on Fundify. It is an online platform where farmers, agriculturists, ranchers, and those in the food industry all over the world share and seek information while building relationships with their peers. AgWiki has three revenue streams, including user fees, partnerships, and online classes. John M. Larose Sr. and John M. Larose Jr. founded AgWiki in May 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $413,146. The campaign proceeds will be used to reach 2 million active users by 2024.
SAM of USA, with a valuation of $42 million, is raising funds on StartEngine. The company is making a visionary and all-electric urban vehicle that provides sustainable automotive mobility. It aims to revolutionize sustainable transportation with its innovative design, technology, and ease of use. SAM of Polska has already sold 300 SAM vehicles in Europe and plans to build on its success in the USA as SAM of USA. Waclaw Stevnert founded SAM of USA in December 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used to launch sustainable automotives across North America.
Corvidane, with a valuation of $20 million, is raising funds on Wefunder. The company is developing a novel drug, Corvida, to prevent heart attacks, strokes, and NASH (non-alcoholic steatohepatitis). Corvida is an innovative approach to treating heart and liver diseases and is built on strong preclinical science. It is safe, contains Omega-7 and Omega-9, and works by improving lipid metabolism. Paresh Soni and Damion Boyer founded Corvidane in July 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used for operations, a toxicology study, market research, and manufacturing.
BabyQuip, with a valuation of $18 million, is raising funds on SeedInvest. The company offers a baby gear rental service for families traveling with small children. It helps on-the-go families to travel light and receive clean, insured, and high-quality baby gear wherever they are across the US and Canada. BabyQuip is now a national brand with more than 800 Quality Providers and has formed strategic partnerships with Guesty, AvantStay, and others. Fran Maier founded BabyQuip in May 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4.9 million. The campaign proceeds will be used for team and organizational development, growth, support for the trust and safety program, improvement of the tech platform, and testing new service expansions.
Loyal Foundry Holdings, with a valuation of $18.5 million, is raising funds on StartEngine. The company is creating a consolidated platform for mobile apps. It supports mobile app publishers by consolidating them and helping them thrive in the mobile app global ecosystem. Loyal Foundry Holdings buys small publishers and developers and gives them an exit opportunity and liquidity. The publishers and developers may stay with the business post-acquisition in some cases and grow alongside the company. Tom Kenney, Allen Wolff, Shane Hanlon, and Ray Green founded Loyal Foundry Holdings in January 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4.9 million. The campaign proceeds will be used for growth and national and international expansion.
Viking Strength Nutrition is raising funds on Silicon Prairie Online. It is an all-organic and all-natural nutrition and supplement company. The company makes natural supplements not just for athletes but for everyone and helps make a healthy addition to their meal regimen. Viking Strength Nutrition sells in its gym, online, in some local stores, and through its ambassador program. Nathaniel Korpusik founded Viking Strength Nutrition in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $107,000. The campaign proceeds will be used for growth and expansion.
QUI Tequila, with a valuation of $45 million, is raising funds on StartEngine. It is a luxury tequila brand that makes beautifully aged tequilas. The brand was designed with female consumers in mind and offers luxurious sipping tequila, including QUI Platinum. QUI Platinum is a clear extra anejo tequila and has won the gold medal at the Spirits of the Americas competition. The company has generated $17 million in revenue since its inception and has received mentions in The Wall Street Journal and Forbes. Peter Girgis, Medhat Ibrahim, and Mike Keriakos founded QUI Tequila in March 2011. The current crowdfunding campaign has a minimum target of $9,999.96 and a maximum target of $1.07 million. The campaign proceeds will be used for entering new markets, distribution expansion, line extensions, and size offerings.
The SMART Tire Company, with a valuation of $50 million, is raising funds on StartEngine. The company is revolutionizing the tire industry with its airless tires made from space-age material and coated with a special rubber-like material. The space-age metals are called shape memory alloys and are based on technology invented by NASA for rover missions to Mars. The company has strategic partnerships and collaborations with Spin Mobility and Felt Bicycles. Earl Cole and Brian Yennie founded The SMART Tire Company in August 2020. The current crowdfunding campaign has a minimum target of $9,995.80 and a maximum target of $3.7 million. The campaign proceeds will be used for sales growth, research and development, road testing, and new launches.
River Ridge Farm and Market is raising funds on MainVest. It is an upcoming community-embedded grocery store in Middletown, Connecticut. The store will sell organically grown fruits, vegetables, and flowers sourced directly from its own farm. River Ridge Farm and Market aims to grow and sell high-quality produce and foster community through food. Dakota Rudloff-Eastman and Matthew Went founded River Ridge Farm and Market in September 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used to open the grocery store and purchase cold storage and coolers for the kitchen.
SEANCE Film is raising funds on Wefunder. The film is a nuanced Victorian Gothic thriller about adultery, grief, and ghosts. The feature film is set in California in 1892 and revolves around a woman contemplating adultery who gets caught in a storm at the home of her potential lover. SEANCE Film is backed by the production company “A Season of Rain,” with SCRAP as its first feature film. SEANCE Film is directed and written by Vivian Kerr and produced by Rachel Stander. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $550,000. The campaign proceeds will be used for production, post-production, and pre-production expenses.
Vehiko, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a platform for reimagining and elevating the car-buying experience. The platform will bring car buyers and franchised car dealerships together through a unified digital marketplace using sales automation and AI functionalities. Vehiko uses AI and machine learning to improve user experience and increase new car dealerships’ sales pipelines. Edward Agabs founded Vehiko in June 2021. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1.07 million. The campaign proceeds will be used for research and development, key hires, dealer group sales and user acquisition, and working capital.
Spinster Sisters, with a valuation of $5.7 million, is raising funds on Wefunder. The company makes clean skincare products using high-quality and sustainable ingredients. The products, including soaps, lotions, aromatherapy, and personal care products, are cruelty-free, toxin-free, organic, and effective. Spinster Sisters generated revenue of $1.3 million and a year-over-year growth of 48% during the pandemic and expects to reach $5.8 million in 2023. Kelly Perkins founded Spinster Sisters in July 2012. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $375,999. The campaign proceeds will be used for direct-to-consumer marketing, wholesale expansion, equipment lease, trade spend, and operating capital.
Weapon X, with a valuation of $95 million, is raising funds on StartEngine. The company is revolutionizing the plastics recycling industry with its patent-pending plastic recycling agent. The technology of Weapon X helps recyclers to combine and re-form different types of plastics into chips that are used to create new recyclable products. Weapon X has established partnerships with local and regional recycling plant owners and plans to begin selling to them soon. Paul D. Bojic founded Weapon X in January 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million. The campaign proceeds will be used for growth and expansion.
OpenGrants, with a valuation of $7 million, is raising funds on Wefunder. It is a grant search engine that makes grant funding efficient, equitable, and accessible. The grant search engine is a comprehensive database of public and private grant funding with features including team collaboration, custom query search, confidence scores, and recommended grants. OpenGrants generated revenue of $189,000 in 2021 with a 29% month-over-month user growth. Sedale Turbovsky, Hunter Petersen, Pachia Cha, and Cody Hanson founded OpenGrants in September 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $750,000. The campaign proceeds will be used for marketing, hiring additional developers, and outsourcing talent.
RAD AI, with a valuation of $18 million, is raising funds on Wefunder. The company leverages data and analytics for fully automated influencer marketing. The platform, RAD, is simple and effective and allows small and medium-sized businesses to drive targeted traffic and conversions. The business has a 12-month run rate of $1.2 million and expects three-times revenue growth from 2021 to 2022. Jeremy Barnett founded RAD AI in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for sales, marketing, brand building, and expansion of product and technology offerings.
Bircus, with a valuation of $15 million, is raising funds on WunderFund. It is a one-of-a-kind destination brewery where the world of circus and love of craft beer and great food live together. The brewery is housed within the Ludlow Theatre in Kentucky and has a built-in entertainment schedule of circus, pro-wrestling, stand-up comedy, and live music. Bircus has won several awards and has a number of strategic partnerships. Paul H Miller founded Bircus in March 2012. 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 growth and expansion.
Earth Rides, with a valuation of $50 million, is raising funds on Wefunder. The company offers a rideshare facility with a fleet of electric vehicles. It aims to provide access to clean technology and electric vehicle ownership for everyone – regardless of socioeconomic status. Earth Rides has the first-mover advantage in the electric rideshare space and reported a 205% increase in revenue in the second quarter of 2021 compared to the previous quarter. Raven Hernandez and Peter Smith founded Earth Rides in 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.07 million. The campaign proceeds will be used for app improvements, marketing, vehicles, research and development, and general and administrative expenses.
Realm Metaverse Real Estate is testing the waters on Republic through Regulation A crowdfunding. The company is focused on acquiring, managing, developing, and selling digital real estate NFTs across crypto-based metaverses or virtual worlds. The business has a diversified portfolio of digital assets across 13 metaverses and uses its experience and knowledge to generate an attractive investment return. Jesse Stein and Janine Yorio founded Realm Metaverse Real Estate in March 2021. The current crowdfunding campaign has not yet declared its minimum and maximum target. The campaign proceeds will be used to acquire and develop more portfolio assets.
