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.
Shoot The Moon, an innovative restaurant concept in Houston, Texas, is raising funds on NextSeed. The restaurant will offer a self-service tap wall with over 80 options of craft beer, wine, cocktails, and spirits, in addition to a food menu with pizza, starters, and healthy options. Shoot The Moon is owned by Kevin Floyd, Dax McAnear, and Jonas Herd. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $535,000. The funds will be used for the interior and exterior fittings, kitchen equipment, menu development, and staff training. Shoot The Moon is offering an innovative concept to Houston by eliminating frustration points. The service of food and drinks will be timed well for efficient turn times and higher daily sales volumes.
Stojo, with a $13 million valuation cap, is raising crowdfunding on Republic. The company is on a mission to end disposable culture with its earth-conscious reusable products. The products of Stojo intend to reduce the waste problem and help people make sustainable lifestyle changes. Jurrien Swarts founded Stojo in 2018 and has raised over $1 million in previous rounds of financing. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to generate more revenue. Stojo is sold in 40 countries and is launching three new product lines. The company has generated $14 million in lifetime revenue, with a 140% year-over-year increase in 2019.
Elly, with a valuation cap of $5 million, is raising funds on SeedInvest. It is an empathetic audio companion for patients who have cancer. The friendly voice and companionship of Elly help improve the emotional wellbeing and quality of life for patients. Every day, Elly talks about an oncology topic, references a motivational story, and leaves an inspirational message for the patients. Simon Holland and Nikhil Pooviah founded Elly in 2019 and raised over $550,000 in previous rounds of funding. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,000,000. The proceeds will be used for content, research, marketing, product, and growth. The users of Elly reported a 10% improvement in their quality of life scores in a clinical study of 100 patients.
RAIDAtech, with a pre-money valuation of $15 million, is raising crowdfunding on TruCrowd. The company aims at using the patented RAIDA technology solutions for various digital currencies and tokenization. As a first step, RAIDAtech is taking an existing coin, Cloudcoin, and placing it on various large scale exchanges. Adam Steven Fogerson founded RAIDAtech in 2018. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $535,000. The proceeds will be used for promotional and publicity costs, development and staffing costs, general operating capital, and exchange placement fees and integration. RAIDAtech is using technology that is more secure, faster, more scalable, and more affordable than blockchain technology.
Our Mayberry, with a valuation cap of $10 million, is raising funds on Wefunder. It is a cause-based commerce platform that connects businesses, charities, and consumers. The businesses can partner with charities that create free digital stores to promote their products and services. The charities charge a percentage donation from each sale. Shawn Tacey founded Our Mayberry in June 2018. 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 technology development and sales and marketing. The novel business model of Our Mayberry leverages the social influence of charities to sell products and services of partner businesses.
Riding Phat, with a pre-money valuation of $2.5 million, is raising crowdfunding on Wefunder. It is the TV show that follows the ups and downs of the entrepreneurial journey of Phat Scooters. The show gives an inside look at the company that makes customized electric scooters for the Hollywood elite and top athletes. Riding Phat is led by Peter Johnson and Derrick J Mains. The current crowdfunding round has a minimum raise of $150,000 and a maximum raise of $1,070,000. The funds will be used for the production and post-production expenses of season one and a few episodes of season two. Riding Phat has a five-year deal with Crackle TV/Sony and has three sources to make money.
Goblin Sushi, a casual sushi restaurant in Michigan, is raising funds on Honeycomb. The restaurant has a small menu with high-quality fresh ingredients and a clean, bright, and modern ambiance. Goblin Sushi offers over 12 types of sushi and has its own delivery system. Jin Cha and Jo Cho founded Goblin Sushi in November 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $160,000. The proceeds will be used towards the cost of building a second location, repair and remodeling of the first location, hiring an apprentice sushi chef for training, and putting signs on the first and second locations. Goblin Sushi remains dedicated to fresh seafood, its training system, and quality control.
Defynance Holdings, with a post-money valuation of $7.07 million, is raising funds on NetCapital. The company helps students eliminate their student debt with its Income Share Agreement. The company pays off loans for qualified, employed American students and also offers them a career resources marketplace. Farrukh Siddiqui founded Defynance Holdings in May 2020. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used towards working capital. Defynance Holdings is focused on solving the student debt crisis with its loan refinancing solution. It offers multiple ISA terms with affordable payments and prepayment options.
Great Road Equity Partners, a real estate investing and management firm in Littleton, MA, is raising crowdfunding on MainVest. The company works on the business model of acquisition and management of income-producing real estate. It manages the properties, finds great tenants, collects the rents, and distributes the profits among the partners and investors. Kevin Baker and Dan Millen founded Great Road Equity Partners in July 2020. The current crowdfunding campaign has a minimum raise of $75,000 and a maximum raise of $107,000. The funds will be used to acquire properties whose value will appreciate over time. Great Road Equity Partners invests in cash-flow generating rental real estate and also works as an education start-up.
Plant an App, with a $9 million valuation cap, is raising funds on Republic. It is a low-code platform that offers high speed without compromising on flexibility. The platform is built by developers for developers. It allows business users to be involved in the technical development process while keeping the developers involved with the business requirements. Bogdan Litescu founded Plant an App in 2019. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for growth and development. Plant an App has signed 36 customers and generated an ARR of $270,000 plus $130,000 in services year-to-date.
Pav*r, with a valuation cap of $2.5 million, is raising crowdfunding on Wefunder. The platform allows users to store all the important details of a meeting or event in one place. The ordinary calendar is transformed into a super tool for tracking time, managing tasks, and planning projects with the help of Pav*r. Jessica Bledsoe and Adam Bledsoe founded Pav*r in January 2020 and have raised over $67,000 since the inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $300,000, will be used for officer salaries, product design and development, marketing, and office and utilities. Pav*r has over 1,000 users in 20 countries. It is also leveraging data to learn how users spend their time.
MeVero, the developer of a Digital Passion Incubator, is raising funds on CrowdSource Funded. The platform provides users with the knowledge, community, and services for the pursuit of their passion. The company has a unique mission and differentiated product and has achieved product-market fit. Kaushik Banerjee and Susmita Biswas founded MeVero in 2019. The current crowdfunding campaign of the company has a minimum raise of $5,000 and a maximum raise of $107,000. The proceeds will be used for user acquisition, tech deployment, and infrastructure and manpower. MeVero has a strong advisory board and makes money through various streams, including Cloud, SaaS, advertising, and commissions.
Cleancash by SaniCash, with a pre-money valuation of $8.46 million, is raising crowdfunding on StartEngine. The company makes patent-pending systems that utilize ultraviolet-C light energy to sanitize cash and credit card terminals. The system is aimed at protecting the interaction between consumers and vendors and making commerce safe again. Nevin Jenkins founded Cleancash by SaniCash in June 2020. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for prototyping, research and development, and bringing the products to market. Cleancash by SaniCash is led by an experienced team that is creating a brand new market category.
Skywide Real Estate, a real estate investment and development company, is raising crowdfunding on Mr. Crowd. The company explores real-estate investment opportunities and works on property development, investment, and management. Skywide Real Estate was founded by Jenna Anderson. The current crowdfunding round of the company has a minimum target of $30,000 and a maximum target of $36,000, and the funds will be used to acquire a property in McKean St Philadelphia, PA. Skywide Real Estate plans to acquire, renovate, and resell the property in 8-11 months. The expected return from the property in 8-11 months is 12.09%.
Settle Down Brewery, an upcoming brewery in Gilroy, CA, is raising funds on MainVest. The brewery and taproom make top-notch homebrews, including staple beers like pilsners, pale ales, IPAs, stouts, and sours. The brewers also add their personal twist to the beers with far-reaching recipes like a pickle sour, smoked honey ham scotch blonde, and habanero basil pale ale. Giovanni Albanese and Robert Anderson founded Settle Down Brewery in November 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $55,000 and a maximum target of $106,000, will be used for startup design and construction, furnishings, Crowler machine, bar top, and custom tap handles. Settle Down Brewery will be a place that pushes the limits, with familiar flavors and the ones that stretch the boundaries of what a beer can be.
Grit Fit Cafe, a health food cafe in Deerfield Beach, FL, is raising crowdfunding on MainVest. It is a fresh, modern, sophisticated, and on-the-go cafe that serves healthy and nutritious food. The menu of Grit Fit Cafe includes coffees, teas, smoothies, and Acai bowls. Raymond Sherwood founded Grit Fit Cafe in June 2020. The current crowdfunding round has a minimum goal of $20,000 and a maximum goal of $100,000, and the funds will be used to expand services and menu selections. Grit Fit Cafe currently serves the NFL, NHL, NBA, and other pro organizations. It also plans to include locally-sourced meal-prep packages to its offerings.
Million Marker, with a $10 million valuation cap, is raising funds on MicroVentures. The company uses chemical metabolites and personal exposure analysis to help people measure and track their exposure to toxic environmental chemicals. Million Marker aims to sell testing kits to consumers and build a comprehensive chemical metabolite database. Jenna Hua founded Million Marker in May 2019. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for product development, equipment, advertising, rent and utilities, and hiring staff. Million Marker has a partnership agreement with the University of California and support from Stanford University School of Medicine and John Hopkins School of Public Health.
Robotic Assistance Devices Mobile
Robotic Assistance Devices Mobile, with a pre-money valuation of $25 million, is raising funds on TruCrowd. The company is building fully autonomous security and concierge robots to be used in the global security services industry. Autonomous robots will help in reducing manned security costs, injuries, and liability incidents. Robotic Assistance Devices Mobile was founded by Steve Reinharz in August 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The funds will be used for research and development, equipment, sales and marketing, events and travel, and general operating capital. Robotic Assistance Devices Mobile has signed over 75 Letters of Intent, with over $15 million in expected revenue.
Virtuix, with a pre-money valuation of $65 million, is raising crowdfunding on SeedInvest through Reg A+ crowdfunding. The company is the creator of Omni, an omnidirectional treadmill that allows users to walk and run inside virtual worlds. Omni is a first-of-its-kind motion platform that enables players to walk and run in 360 degrees. Virtuix is led by Jan Goetgeluk and David Allan and has raised over $20 million in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum raise of $1,000,000 and a maximum raise of $10,000,000, will be used for sales and marketing, general and administrative expenses, and research and development. Virtuix doubled its revenues in FY ’20 and has shipped over 3,500 commercial Omni systems to 45 countries.
