New Deals for the Week Ending 10/16/2022 - KingsCrowd

October 17, 2022

New Deals for the Week Ending 10/16/2022

 

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.

 

VeraScore

VeraScore, with a valuation of $20 million, is raising funds on StartEngine. The company has developed a fintech platform to measure users’ financial health. It uses artificial intelligence (AI) to analyze consumers’ financial situation, and it helps to connect lenders with responsible borrowers. VeraScore also promotes financial literacy by providing better access to financial resources. Geff Woodward and Trond-Henning Olesen founded VeraScore in June 2020. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.1 million. The campaign proceeds will be used to develop the minimum viable product and launch the platform.

 

BIGVU

BIGVU, with a valuation of $20 million, is raising funds on Wefunder. The company has developed an app to create high-quality videos for video marketing, training programs, and internal communications. The company has more than 40,000 paying subscribers and expects to break-even in October or November 2022. David Amselem founded BIGVU in January 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.1 million. The campaign proceeds will be used for research and development costs, product development, marketing, and customer acquisition.

 

Broken Anchor Winery

Broken Anchor Winery is raising funds on SMBX. It is the first micro-winery in Acworth, Georgia, where people can sample various wines, whiskey, and cocktails. The business sources its grapes from its own estate in west Georgia and other vineyards to make its wines. Joshua Carson and Tiffany Carson founded Broken Anchor Winery in October 2018. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $50,000. The campaign proceeds will be used for rent, purchase of supplies, and working capital.

 

SuperBetter

SuperBetter, with a valuation of $8 million, is raising funds on Republic. The company has developed a platform that uses the psychology of gameplay to aid young people with social-emotional learning, building resilience, increasing academic success, and improving mental health. SuperBetter was developed by game designer Jane McGonigal and has been played by more than one million people. Keith Wakeman founded SuperBetter in November 2014. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing, establishing partnerships, improving the game, and adding more languages.

 

J & J House of Skills

J & J House of Skills is raising funds on Honeycomb. The company provides high-quality basketball equipment and training to athletes. The business uses a combination of physical equipment and a mobile app to train athletes wherever they are including their driveways, the beach, or the basketball court. Jordan Johnson and Jamal Wilson founded J & J House of Skills in September 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for flooring, warehouses, staffing, gym equipment, and a UHaul truck.

 

Osena Spiked Coconut Water

Osena Spiked Coconut Water, with a valuation of $6 million, is raising funds on SeedInvest. The company makes and sells ready-to-drink spiked coconut water. It has partnered with multiple wholesalers and has established chain distribution in Wegmans, Total Wine, Shoprite, ACME, and Wine Outlet. The business generated $270,000 in revenue in 2021 and sold 1,600 units across 650 stores in a four-month summer pilot in 2021. Vicente Surraco and Chris Allen founded Osena Spiked Coconut Water in January 2021. The current crowdfunding campaign has a minimum Regulation Crowdfunding target of $25,000, a minimum raise target of $500,000, and a maximum target of $1.2 million. The campaign proceeds will be used for research and development, sales, and marketing.

 

CineLogic

CineLogic, with a valuation of $57.8 million, is raising funds on StartEngine. The company has developed a program that allows movie crews to create an animated template of a film, as well as list any equipment or personnel needed before beginning production. This animated template is then used as a blueprint for shooting the actual film, reducing the time and money spent in the film production process. Guy Manos and Daniel McNicoll founded CineLogic in May 2022. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1.2 million. The campaign proceeds will be used for growth and expansion.

 

Intelomed

Intelomed, with a valuation of $28.1 million, is raising funds on StartEngine. The company is developing a contactless patient-monitoring system for telehealth treatment. The technology uses the camera on a patient’s smartphone to measure micro-changes in their facial color and provide valuable diagnostics to clinicians. William P. Malloy founded Intelomed in February 2005. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1.1 million. The campaign proceeds will be used to pursue FDA clearance.

 

Loxsmith Bagels

Loxsmith Bagels is raising funds on SMBX. The business sells its bagels and lox in Seattle, Washington. The menu fuses deli food with Asian cuisine, including 20 bagels, smoked fish made with wild-caught King Salmon, bagel sandwiches, coffee, and babka. Matthew Segal founded Loxsmith Bagels in July 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $30,000. The campaign proceeds will be used to purchase equipment for a new location in the Beacon Hill neighborhood of Seattle.

 

Navigate Accelerator

Navigate Accelerator, with a valuation of $8.5 million, is raising funds on Republic.The platform provides one-on-one consultation with dedicated advisors and digital tools to help any entrepreneur succeed.The company has provided support to more than 100 founders and claims it reached $423,000 annual recurring revenue in 14 months. Pedro Sostre and Andres Vallejo founded Navigate Accelerator in August 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.2 million. The campaign proceeds will be used for growth and expansion.

 

Sen-Jam Pharmaceutical

Sen-Jam Pharmaceutical, with a valuation of $70 million, is raising funds on StartEngine. The pharmaceutical company makes anti-inflammatories. that combine NSAIDs and antihistamines to prevent inflammation and associated pain. The company is majorly targeting opioid withdrawal, alcohol hangover prevention, and COVID-19 recovery. Jim Iversen and Jacqueline Iversen founded Sen-Jam Pharmaceutical in August 2017. The current crowdfunding campaign has a minimum target of $9,996 and a maximum target of $4 million. The campaign proceeds will be used to complete the COVID-19 Phase II trial, seek emergency use authorization, complete the Phase II trial for the alcohol hangover product, and begin the Phase II trial for opioid withdrawal.

 

Mayes NYC

Mayes NYC is raising funds on Honeycomb. The company designs sustainable clothing for women size 10 to 28. The clothing is made in the US using sustainable fabric, and Mayes NYC prioritizes partnering with women-owned businesses. Brandy Wykes founded Mayes NYC in March 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used to strengthen the inventory for adding three new retailers Saks Fifth Avenue, Neimus Marcus, and Nordstrom.

 

Harmony Turbines

Harmony Turbines, with a valuation of $12.1 million, is raising funds on StartEngine. The company makes safe and affordable personal wind turbines to help reduce or eliminate electric bills. Its patented design is low-cost and easy to maintain, producing little to no noise. The company aims to become the next global standard in residential and small-scale wind power generation. Christopher Moore founded Harmony Turbines in August 2020. The current crowdfunding campaign has a minimum target of $9,999.15 and a maximum target of $1.9 million. The campaign proceeds will be used for growth, partnerships, and expansion.

 

Patient Innovations

Patient Innovations, with a valuation of $36 million, is raising funds on Castle Placement. The company has developed subscription-based software-as-a-service to decrease patient wait times and increase communication with their doctors. The program allows users to schedule, confirm, or reschedule their medical visits as well as notifying them if their doctor is running late for their appointment.Ken Greenberg founded Patient Innovations in October 2009. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5 million. The campaign proceeds will be used for growth and expansion.

 

Wholesale Nuts and Dried Fruit

Wholesale Nuts and Dried Fruit, with a valuation of $2 million, is raising funds on Mr. Crowd. The company sells nuts, dried fruit, and seeds sourced from farmers in and outside of the USA. The products are carefully selected, packed, and shipped to customers’ doorstep. The business is focused on online sales and aims to bring high quality products to customers coupled with convenience and service. Matthew Baron founded Wholesale Nuts and Dried Fruit in May 2009. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.1 million. The campaign proceeds will be used for marketing, advertising, and sales promotion.

 

Both& Apparel

Both& Apparel, with a valuation of $5 million, is raising funds on Wefunder. The company makes apparel for transgender and non-binary customers. It recognizes that the needs of trans and non-binary people are different from those of cis gendered people and aims to cater to those needs. The company has entered the market with transmasculine apparel and hopes to expand further on. Finnegan Shepard founded Both& Apparel in December 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing, inventory buying, team, and R&D on new styles.

 

rThreat

RThreat, with a valuation of $17 million, is raising funds on StartEngine. The company has developed a platform for users to proactively test their cybersecurity tools. The platform helps users stay ahead of hackers by running real-world attack emulations so they can understand whether their organization is vulnerable or not. RThreat has an in-market product and recently updated its platform to support both Linux and Windows systems. Hugo Sanchez Chavez founded rThreat in July 2020. The current crowdfunding campaign has a minimum target of $9,999.99 and a maximum target of $1.1 million. The campaign proceeds will be used for strategic partnerships, trade shows, sales, and marketing.

 

Nutr

Nutr, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a convenient way to make plant-based milk at home in minutes.The company’s machine is versatile, sustainable, compact and comes with various heat settings. The company sold 17,000 machines, reported $2.7 million in sales in 12 months, and has contracts signed with nationwide retailers, including Best Buy, Nordstrom, and Macy’s. Alicia Long and Dane Turk founded Nutr in April 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.1 million. The campaign proceeds will be used for marketing, hiring, and operations.

 

Simple Switch

Simple Switch, with a valuation of $6 million, is raising funds on Wefunder. It is an online shopping platform that allows users to shop with social and environmental impact in mind. The platform sells more than 4,000 sustainable and ethical products. The company also works on business to business sales and consumer subscriptions with monthly recurring revenues. Rachel Kois founded Simple Switch in May 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for hiring, payroll, and digital marketing.

 

Dead Lizard Brewing

Dead Lizard Brewing is raising funds on Honeycomb. It is a family-owned craft brewery in Orlando, Florida. The company brews and sells seltzers and craft beers. The brewery also operates a taproom and cafe that functions as a gathering space and venue for the local community. Patricia Dine and Richard Dine founded Dead Lizard Brewing in August 2016. The current crowdfunding campaign has a minimum target of $43,000 and a maximum target of $124,000. The campaign proceeds will be used for marketing and advertising, kegs, debt refinancing, and working capital.

 

Aloha Puddin

Aloha Puddin is raising funds on Honeycomb. The business currently functions as a home bakery in Kaneohe, Hawaii and plans to expand with a mobile food trailer. Aloha Puddin will serve home-style desserts inspired by traditional Hispanic flavors and cater to birthdays, weddings, retirements, and other celebrations. The business is also a regular vendor at Nordstrom and Anthropologie. Michelle Heilman founded Aloha Puddin in July 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing the mobile food trailer, equipment, inventory, and debt refinancing.

 

Legion M

Legion M, with a valuation of $58.7 million, is raising funds on StartEngine through Regulation A crowdfunding. It is a fan-owned entertainment company where investors get to back a variety of film projects diversified across different genres, mediums, and risk profiles. Legion M is disrupting the entertainment industry and has raised more than $16 million from thousands of investors. The company has a history of successful projects and has four upcoming movies. Paul Scanlan and Jeff Annison founded Legion M in 2016. The current crowdfunding campaign has a maximum target of $20.7 million. The campaign proceeds will be used for development, project and operating expenses, and marketing.


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