New Deals for the Week Ending 10/23/2022 - KingsCrowd

October 24, 2022

New Deals for the Week Ending 10/23/2022

 

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.

 

The Coffee Class

The Coffee Class, with a valuation of $5 million, is raising funds on StartEngine. It is a coffee bistro in Las Vegas, Nevada that serves specialty coffee, handcrafted lattes, savory dishes, and pastries made from scratch. The business has a loyal community of coffee lovers and reported 20% year-over-year revenue growth in 2022. The Coffee Class opened its second location this year and has plans to expand to a third. Kyle Cunningham founded The Coffee Class in August 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.1 million. The campaign proceeds will be used for operations, marketing, and working capital.

 

Moonpreneur

Moonpreneur (also known as Moonshot Junior), with a valuation of $30 million, is raising funds on Wefunder. The company’s science, technology, engineering, and math platform helps students build skills and realize their passion early. It features a patent-pending, subscription-based program for experiential learning. Moonpreneur currently earns more than $100,000 in monthly revenues and reported 40% quarter-over-quarter growth. Customer lifetime value averages three to four years. Alok Jain, Vishal Malhotra, and Vikas Shukla founded Moonpreneur in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $409,500. The campaign proceeds will be used for customer acquisition, platform development, operations, and course creation.

 

Resolution Bed

Resolution Bed, with a valuation of $65.4 million, is raising funds on Wefunder. The company has developed a specialized patient bed, ResBed, that pivots 90 degrees, transforming from a  hospital bed into a stand-assist chair. ResBed’s features include a migration minimizer,  crash-free side rails, and an enhanced Trendelenburg position. Resolution Bed also aims to reduce healthcare worker and caregiver injuries related to patient positioning. Byron Wurdeman founded Resolution Bed in May 2019. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $1.1 million. The campaign proceeds will be used for manufacturing, inventory, and general corporate matters.

 

Morari

Morari, with a valuation of $8 million, is raising funds on Wefunder. The company’s climax delay patch, MOR, is a chemical-free wearable patch. It enhances men’s sexual performance by giving them more time and intimacy with their partners. The patch does not include any drugs or creams and includes a wireless transcutaneous electric nerve stimulator, a Bluetooth transmitter, and a small battery. Jeff Bennett founded Morari in May 2020. The current crowdfunding campaign has a minimum target of $139,999 and a maximum target of $1.1 million. The campaign proceeds will be used for product development, business operations, compensation, and FDA clearance.

 

ServeScape

ServeScape, with a valuation of $6 million, is raising funds on Wefunder. The company provides online design and farm-to-landscape delivery services for garden projects. The platform helps customers achieve their dream landscapes by matching them with experienced local landscape designers and quality contractors and by offering a large selection of locally grown plants. ServeScape reported 187% year-over-year growth and 10% month-over-month growth since its launch. Mario Cambardella founded ServeScape in June 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 product improvements, sales, staff, and advertising.

 

Four Doors

Four Doors is raising funds on Wefunder. It is an upcoming feature film being produced by the creator of Final Destination, Jeffrey Reddick. It’s directed by Greg Beckers and written by Zach Koepp. The film features an obsessed house sitter who goes to dangerous extremes to make her client’s lifestyle her own. The film has letters of interest with Andrea Londo and Jack Duarte to star in it. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $400,000. The campaign proceeds will be used for cast and crew, production, post-production, and marketing.

 

HealHaus

HealHaus, with a valuation of $8 million, is raising funds on SeedInvest. It is an inclusive online and in-person platform for healing at home and at work. Services include yoga, meditation, and therapy. HealHaus includes online subscription-based memberships, a corporate wellness program, a Brooklyn-based in-person studio, and an upcoming on-demand app. HealHaus has a growing online community with 50,000 followers on Instagram and 1 million site searches. Darian Hall and Elisa Shankle founded HealHaus in November 2017. The current crowdfunding campaign has a minimum Regulation Crowdfunding (Reg CF) target of $25,000, a minimum raise target of $250,000, and a maximum target of $1 million. The campaign proceeds will be used for product and working capital, team and personnel, sales, and marketing.

 

Miso Robotics

Miso Robotics is raising funds on Dalmore Group through Regulation A crowdfunding. The kitchen robotics company has developed an artificial intelligence (AI) enabled robot called Flippy that can work in kitchen fry stations. Flippy makes the cooking process more efficient and consistent and costs less than an equivalent worker. The company has also designed a new version of Flippy and multiple other kitchen robots that can help manage tasks and serve beverages. James “Buck” Jordan, Ryan Sinnet, and Rob Anderson founded Miso Robotics in 2016. The current crowdfunding campaign has a maximum target of $15 million. The campaign proceeds will be used for product development, personnel, debt repayment, and general overhead expenses.

 

Fathom Video

Fathom Video, with a valuation of $30 million, is raising funds on Wefunder. The company has developed an AI-powered platform for automatic note-taking in video calls. The platform enables its users to recall and share important information from virtual meetings through real-time recording, transcription, and AI-based summarization. Fathom Video reported 30% month-over-month usage growth in the last six months. Richard White founded Fathom Video in August 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.1 million. The campaign proceeds will be used for engineering hires, customer care hires, and customer marketing expenses.

 

Global Wellness Apps

Global Wellness Apps, with a valuation of $20 million, is raising funds on Castle Placement. The company has developed an app to empower diabetics and help them manage their own health. The app provides all-in-one diabetes management solutions and aims to revolutionize the lives of diabetics and pre-diabetics on a global scale. Sean Zaboroski, Taylor Companion, and Ruri Otani founded Global Wellness Apps in June 2022. 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 sales, marketing, information technology, potential acquisitions, and working capital.

 

SangCash

SangCash, with a valuation of $2.5 million, is raising funds on Wefunder. The company’s platform is intended to benefit both music venues and songwriters. It enables music venues to save money while managing expensive and inefficient licenses, and it streamlines royalty payments for songwriters. SangCash has won several awards and is partnered with the National Independent Venue Association. Stephen P. DeGrazia founded SangCash in August 2021. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $124,000. The campaign proceeds will be used for partnerships, taxes and administration, playlists in venues, legal fees, sales, and marketing.

 

Dash-X

Dash-X is raising funds on Silicon Prairie Online. The company’s app organizes businesses for consumers and provides a face-to-face connection to each business. The app helps businesses show online customers they care and makes customer service easy and efficient. Bill Blanchard founded Dash-X in September 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, legal fees, wages, financial management fees, and more.

 

Whooshh Innovations

Whooshh Innovations, with a valuation of $169.2 million, is raising funds on StartEngine. The company’s innovative solutions enable selective fish passage, restore natural habitats, and limit carbon dioxide. The sustainable fish passage solutions save fish, clean water, and protect the planet. Whooshh Innovations has established commercial sales in the US, Canada, and the EU. From 2021 to 2022, the company’s revenue has grown by 157%. Vincent Bryan III founded Whooshh Innovations in 2007. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $3.6 million. The campaign proceeds will be used for hiring, project financing, back office software and security, legal fees, and more.

 

Balto Rx

Balto Rx is raising funds on Silicon Prairie Online. The Balto Intelligent Platform provides user-friendly tools to help deliver prescriptions  to patients’ homes within hours. The platform also provides pharmacist-patient video consultations in real time. Balto Rx has partnered with more than 50 hospitals and pharmacies and delivered more than 30,000 medications. Hemant Shah founded Balto Rx in January 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $628,000. The campaign proceeds will be used for marketing, recruiting, operating expenses, licenses and legal framework, and more.

 

PSYONIC

PSYONIC, with a valuation of $49.9 million, is raising funds on StartEngine. The company has leveraged its proprietary bionic technology to develop a bionic hand, the Ability Hand, that replicates touch sensations for amputees. The Ability Hand offers users more functional and faster mobility at a low cost. The Ability Hand is 20% lighter than a human hand and has a 200-millisecond closing speed. Aadeel Akhtar founded PSYONIC in November 2015. The current crowdfunding campaign has a minimum target of $9,999.25 and a maximum target of $1.2 million. The campaign proceeds will be used for research and development, marketing, manufacturing, operations, and sales and support.

 

ATM. com

ATM.com, with a valuation of $45 million, is raising funds on StartEngine. The company has developed an app for users to convert their data into money and invest it directly into the stock market. The app’s form of data monetization is mutually beneficial and transparent while still keeping the users in control of their data. ATM.com already has more than 700,000 users and has generated $4 million in revenue since its launch. Walter Cruttenden, Michael Gleason, and Inderpreet Singh founded ATM.com in December 2018. The current crowdfunding campaign has a minimum target of $9,999.90 and a maximum target of $5 million. The campaign proceeds will be used for research and development, marketing, and working capital.

 

Finn & Emma

Finn & Emma, with a valuation of $10 million, is raising funds on StartEngine. The company makes organic and sustainable baby and toddler apparel, gear, and toys. Finn & Emma’s products come in sophisticated and whimsical designs and are free of toxic chemicals. THe company has 218,000 social media followers and 24% customer retention. It has been featured in Vogue, What to Expect, and TheBump. Anna Schwengle founded Finn & Emma in June 2022. The current crowdfunding campaign has a minimum target of $9,999.36 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing, inventory, and working capital.

 

Drop Technologies

Drop Technologies, with a valuation of $16 million, is raising funds on Republic. The company offers an all-in-one delivery solution for cannabis retailers. Its software includes customized e-commerce solutions, cannabis-specific delivery logistics, compliance reporting, integrated marketing tools, and inventory management. The company is profitable, with $94,000 in monthly recurring revenue, and reported 219% year-over-year revenue growth in 2022. Vanessa Gabriel, Marc Lopez, and Jade Gabriel founded Drop Technologies in 2019. 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 infrastructure, product development, sales, marketing, and general working capital.

 

Bainbridge Distillers

Bainbridge Distillers, with a valuation of $25.9 million, is raising funds on StartEngine. It is a family-owned spirits distillery with a portfolio of award-winning craft spirits. The business sources its organic ingredients locally. It mills and distills them in the maritime microclimate to incorporate the unique character of Bainbridge Island. Keith Barnes founded Bainbridge Distillers in July 2008. The current crowdfunding campaign has a minimum target of $9,996.48 and a maximum target of $1.1 million. The campaign proceeds will be used for equipment, marketing, and operations.

 

Loftie

Loftie, with a valuation of $30 million, is raising funds on StartEngine. The company uses mindful technology and thoughtful designs to create products and services that improve sleep, including the Loftie Lamp and Loftie Clock. The company’s product suite is designed to create a holistic experience that helps people rest, relax, and recharge. The company generated $2.5 million in revenue last year with a year-over-year growth rate of 253%. Matthew Hassett founded Loftie in July 2018. The current crowdfunding campaign has a minimum target of $9,998.04 and a maximum target of $1.2 million. The campaign proceeds will be used for marketing, research and development, hiring, and inventory.

 

KMX Technologies

KMX Technologies, with a valuation of $60.1 million, is raising funds on Netcapital. The company’s proprietary technology provides next-generation water treatment and captures critical minerals and lithium in the process. KMX Technologies works on a low-cost lease and license business model. It aims to fulfill the rare earth elements and magnets demand of electric vehicles, communications, and defense industries. Zachary Sadow and Christopher Kelley founded KMX Technologies in February 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for salaries, equipment, marketing, insurance, travel, engineering software, communications, and more.

 

Nucleus

Nucleus, with a valuation of $12 million, is raising funds on Wefunder. It is a venture studio for psychedelics. Nucleus builds brands to educate the masses, activate new stakeholders, and distribute data about powerful medicines. Nucleus’ platform, Neuly, monitors and compiles industry data and provides tools for easy interpretation of that data. Nucleus has 50,000 subscribers, a growing network of 3,000 care practitioners, and a sales pipeline of 200 psychedelic companies. Logan Lenz, Dustin Robinson, and Robert Velarde founded Nucleus in June 2021. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $3 million. The campaign proceeds will be used for scaling and improving Neuly, content, marketing, industry data and research, and operational improvements.

 

Hopscotch Air

Hopscotch Air, with a valuation of $4.3 million, is raising funds on StartEngine. It is a Federal Aviation Administration-certified air taxi operator in North America. The company has a fleet of single-engine and technologically advanced aircraft flying on northeast regional routes. Hopscotch Air aims to disrupt the travel industry by offering private flights to smaller, regional airports that aren’t serviced by major airlines. Andrew Schmertz and Douglas Okin founded Hopscotch Air in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1 million. The campaign proceeds will be used for aircraft leasing, marketing, hiring, legal fees, and other expenses.

 

NEXT Boatworks

NEXT Boatworks, with a valuation of $2.4 million, is raising funds on Wefunder. The company has made a next-generation coastal rowing boat, NEXT C1X, which meets the World Rowing C1x coastal rule standards. NEXT C1X has a leak-proof, lightweight, and innovative design. The company aims to develop and build the RENEGADE next, a sturdy boat meant for recreational, club, and novice rowers. Dennis Loebs and Ben Booth founded NEXT Boatworks in May 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $450,000. The campaign proceeds will be used for new hires, marketing, doubling C1X throughput and sales, product design and testing, cost of goods sold, and debt retirement.

 

System 3E Company

System 3E Company, with a valuation of $51.8 million, is raising funds on Wefunder. The company is revolutionizing the building industry with its patented perlite-based building technology. The technology makes wall erection quick, easy, and seamless and does not require the use of mortar, glue, or additional insulation. System 3E Company has built more than 110 houses in Poland, the UK, Netherlands, Spain, and Sweden through its foreign subsidiary and has received 16,000 sales leads from business-to-consumer clients in 2021. Dariusz Lewandowski and Piotr Budnik founded System 3E Company in February 2022. The current crowdfunding campaign has a minimum target of $1 million and a maximum target of $5 million. The campaign proceeds will be used for building codes costs, hiring, trade expenses, acquiring land for factory construction, design of factory construction, and the start of construction of the production facility.

 

Highway Pharmaceuticals

Highway Pharmaceuticals, with a valuation of $5 million, is raising funds on Wefunder. The company aims to treat feline stomatitis without dental extraction by combining the immunosuppressant cyclosporine with a metabolic inhibitor. The company is led by an experienced team and has a proven mechanism of action. Trevor Klee founded Highway Pharmaceuticals in March 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 the initial animal trial to test the safety and efficacy of the drug combination.

 

The Hot Dog Box

The Hot Dog Box is raising funds on Common Owner. It is an American restaurant run by a father-daughter duo out of a shipping container in Chicago, Illinois. . The Hot Dog Box is known for typical American comfort foods — including home-style ice cream, fudgy brownies, and elevated hot dogs — and superb customer service experience. The company is on track to grow 350% year over year and recently launched its own packaged hotdogs, MACDOGS, for sale online and in the store. Bobby Morelli and his daughter, Brooklyn, founded The Hot Dog Box in July 2020. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $350,000. The campaign proceeds will be used for expanding the product line, opening a second location, growing the team, and operational capital.

 

Blanc & Noir

Blanc & Noir is raising funds on Republic. It is an upcoming dual-concept hospitality space in Houston, Texas. The business will serve coffee in the morning and spirits at night to generate revenue 19 hours a day. The coffee shop, Blanc, will have a relaxed and welcoming vibe, while the speakeasy, Noir, will be elegant and sophisticated. Blanc & Noir is managed by experienced operators and has projected annual income of $2.4 million with a $1.3 million net profit. Nick Ozuna, Ulysses Grant, Ishme Allah, and William Felix III founded Blanc & Noir in May 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $750,000. The campaign proceeds will be used for renovations, operations, security funds, and other expenses.


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