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.
Honeydrop, with a pre-money valuation of $17.3 million, is raising funds on StartEngine. The company makes premium cold-pressed lemonades with a drop of raw honey. The lemonades of Honeydrop are made with superior ingredients, never heated, and contain only 4 grams of sugar and 16 calories per bottle. Andrew Lorig and David Luks founded Honeydrop in 2006. The current round of crowdfunding has a minimum goal of $9,999.50 and a maximum goal of $1,069,999.70, and the funds will be used for growth and expansion. Honeydrop is not only a fun and active lifestyle brand but also contributes to important causes, like Colony Collapse Disorder, a disease that has decreased the bee population manifold.
Doodeo, with a valuation cap of $6.5 million, is raising crowdfunding on Wefunder. The platform is LinkedIn for entertainers and allows users to connect, collaborate, and find opportunities. It uses artificial intelligence to connect clients looking for entertainers with the entertainers looking for work. Doodeo deals with a number of classified websites and plans to target more websites. Rony Hage founded Doodeo in 2018 and has raised over $290,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for product development, marketing, and general and administrative expenses. Doodeo works for 443 categories of entertainers and uses a powerful approach to make the entertainers more creative and more productive.
The Co-Own Company, with a $3 million valuation cap, is raising funds on Wefunder. The company is building shared ownership housing in the US at highly desirable urban and university locations. It offers easy and hassle-free onboarding and uses urban, high-tech, and net-zero energy design. Jason Lewiston founded The Co-Own Company in June 2020. The current crowdfunding round has a minimum raise of $200,000 and a maximum raise of $1,000,000. The funds will be used for pre-development costs, marketing, a deposit on the land, and financing fees for the construction loan. The Co-Own Company’s network will be nationwide, scalable, and for-profit. It aims to build equity in highly desirable areas and will provide on-site, shared electric cars.
Hotelier, with a pre-money valuation of $12.5 million, is raising crowdfunding on Wefunder. It is the first crowdsourced hotel fund management company. It finds hotel deals and uses equity crowdfunding to invest in tourism locations. The company receives fees for fund management and asset management. Nathan Kivi founded Hotelier in September 2020. The proceeds of the current crowdfunding round, with a minimum target of $100,001 and a maximum target of $1,070,000, will be used towards digital marketing, PR, social media, building out the team, and technology, audit, and accounting. Hotelier is soon to launch a new hotel brand and will allow investors to become a part of the hospitality revolution.
Stoneman Brewery, a brewery in Charlemont, MA, is raising funds on MainVest. The brewery brews beer with local and regionally sourced ingredients and sells a case of beer every month to the customers. The customers pay in advance for a 3 to 6 month period. Stoneman Brewery is located at an attractive and central location. The brewery was founded by Justin Korby in 2012. The proceeds of the current crowdfunding round, with a minimum goal of $40,000 and a maximum goal of $100,000, will be used to build a mobile bar trailer. The mobile bar trailer of Stoneman Brewery will be parked at a few different spots in Western MA and will be available to rent for parties, weddings, and events.
Mycocycle, with a pre-money valuation of $7 million, is raising funds on StartEngine. The company uses a patent-pending technology based on mycelium (the underground part of mushrooms) to digest petroleum-based toxic chemicals, and convert waste into reusable byproducts. Joanne Rodriguez founded Mycocycle in June 2020. The current crowdfunding campaign has a minimum raise of $9,999.50 and a maximum raise of $945,455, and the proceeds will be used to treat more waste and grow aggressively. Mycocycle develops sustainable value streams and impacts people, planet, and profit by removing carbon from the waste products. The process is efficient and follows a closed-loop supply chain.
Rogue Space Systems Corporation
Rogue Space Systems, with a pre-money valuation of $17.3 million, is raising crowdfunding on TruCrowd. It is a satellite servicing company that is developing Orbital Robots to service satellites in Low Earth Orbit, Medium Earth Orbit, and Geosynchronous Earth Orbit. The company offers maintenance, repair, overhaul, inspection, monitoring, and orbital transfer services. Jeromy Grimmett founded Rogue Space Systems in July 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 to build the first Orbital Robot, Laura-1, for the company’s mission with the US Air Force/ US Air Force and NASA. Rogue Space Systems has the first-mover advantage and will be able to provide fast turnarounds.
El Condor, with a pre-money valuation of $1.4 million, is raising funds on Wefunder. It is a coffee company that specializes in roasting, cafes, and the lifestyle around it. The versatile business model focuses on the complete journey of coffee and is expanding in many different environments. Nicolas Simon and Mucjon Demiraj founded El Condor in September 2020. The current round of crowdfunding has a minimum goal of $540,000 and a maximum goal of $600,000. The funds will be used towards construction costs, soft costs, pre-opening budget, and contingency. El Condor has a vision beyond coffee, creating multiple revenue streams, including fashion, music, and CPG.
Volcon, with a $15 million valuation cap, is raising funds on Wefunder. The company designs and creates innovative electric vehicles for the outdoor power sports industry. It is building the world’s first all-electric off-road vehicle using advanced frame materials, an all-weather electric drivetrain, and a lithium battery. Andy Leisner founded Volcon in February 2020 and has raised over $3 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for product development, sales and marketing, and operations. Volcon is currently the only 100% electric vehicle company for outdoor power sports. It uses its patented magnetic torque-tunnel motors to produce two times the torque in half the other motor brands’ size.
PetroFunders, with a post-money valuation of $12.4 million, is raising funds on NetCapital. It is a premier crowdfunding platform that allows investors to invest in oil and gas. The platform makes investing simpler with its synchronized platform that combines crowdfunding, fintech, and industry experience. Maurice Dukes and Ryan Werking founded PetroFunders in September 2019. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,067,192. The proceeds will be used towards marketing, staffing, tech support, insurance, and other expenses. PetroFunders is offering a low price entry point for investors in the oil and gas sector, especially during the current challenging times of COVID-19.
Relay, with a $3 million valuation cap, is raising crowdfunding on Republic. It is a communication platform that makes interactions between businesses and customers simpler. The One-tap Experience platform of Relay caters to businesses across all sectors and keeps businesses organized. It manages payments, reviews, scheduling, and analytics, all in one place. Justin Clegg founded Relay in August 2020 and has raised over $300,000 to date. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $107,000, will be used for growth and expansion. Relay is a convenient tool that can be integrated with existing software. The company has already signed LOIs with 20 beta companies and has five paying customers.
PopCultivator Comics, with a pre-money valuation of $3.52 million, is raising crowdfunding on Wefunder. It is a task force of pop culture professionals, including artists, writers, publishers, and editors. The company creates original comic book characters and develops them into successful products, series, and toys. Josh Blaylock and Stuart Bernstein founded PopCultivator Comics in March 2020. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $749,999, will be used for content acquisition, content creation, marketing, and management. PopCultivator Comics has worked with Marvel, Scholastic, Hasbro, and more, and has worked with over 100 properties, including Ninja Turtles and Muppets.
OsNovum, with a pre-money valuation of $14.4 million, is raising funds on Wefunder. The company has developed a patented-technology to regenerate bones affected by osteoporosis. The technology aims to improve skeletal health as well as the lifespan and quality of life. Gregory Steiner and Roslynn Steiner founded OsNovum in June 2020. The current round of crowdfunding has a minimum goal of $60,750 and a maximum goal of $1,070,000. The proceeds will be used for FDA tests, ISO certification, regulatory submission, production equipment, product delivery systems, capital improvements, and salaries. OsNovum’s technology is already cleared by the FDA for maxillofacial use and waiting for clearance for skeletal use. The company plans to launch specialty clinics based on its technology.
Vyrill, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The platform functions as the search engine for web, social, and mobile videos and empowers brands to promote themselves through videos. Vyrill uses machines to capture and analyze videos and help marketers increase their revenues. Ajay Bam and Dr. Barbara Rosario founded Vyrill in 2015 and have raised over $2 million since inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards sales and marketing, hiring a UI/UX engineer, advertising campaigns, and infrastructure growth. Vyrill uses AI to generate video insights and protects brands from damaging brand content.
Carii, with a post-money valuation of $10.06 million, is raising crowdfunding on NetCapital. The company provides a digital platform for companies to engage with their community and connect their stakeholders. The businesses get to unify their internal and external communities in a secure and branded environment. Denise Hayman-Loa and Wun Fie Loa founded Carii in 2014. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,069,999. The proceeds will be used for sales, marketing, compensation, working capital, infrastructure, and operations. Carii has a fully-developed solution with a proven product-market fit. The company has numerous existing customers, prospects, and partners.
PLLAY Labs, with a valuation cap of $10 million, is raising funds on MicroVentures. The company has developed a mobile application that allows video gamers to wager money on matches. The users get to access their winnings within seconds. The platform uses artificial intelligence and consumer vision technology to determine winners, monitor cheating, and track achievements. Shawn Gunn and Christine Krzyzanowski founded PLLAY Labs in 2018 and raised over $3 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $1,070,000. The funds will be used for marketing, research and development, future wages, and general working capital. PLLAY Labs has over 31,300 downloads and 113,000 impressions since its launch in June 2020.
WellWell, with a valuation cap of $10 million, is raising funds on Republic. The company makes plant-based functional beverages using science-backed recipes. The seven beverages of WellWell have real functional benefits and help with stress, burnout, and exhaustion. Sagan Schultz MD, Larry Praeger, Michael Chernow, and Collin Hughes founded WellWell in October 2015. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used towards the focus on direct-to-consumer, product line expansion, reduction in COGS, and continued retail expansion. WellWell sells through over 800 retailers, including Walmart, Whole Foods, and Kroger, and has sold over 785,000 to date.
Envel, with a $15 million valuation cap, is raising crowdfunding on Wefunder. It is a financial technology company that focuses on building autonomous banking. The digital banking application partners with nbkc bank to hold the funds safe and secure. Steve Le Roux founded Envel in 2017 and has raised over $3 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for development and data science, marketing, compliance and fraud prevention, licensing, banking partners, operations, and technology partners. Envel is powered by patent-pending autonomous banking technology and is reinventing banking for a new generation of customers.
UpChoose, with a valuation cap of $8 million, is raising crowdfunding on Republic. The company has leveraged technology to create a frictionless experience for consumers and a simpler life for parents. The first release of UpChoose is a smart clothing service for babies that sends a curated set of organic clothing essentials for babies at each stage of growth. The clothing sets can be swapped as the baby sizes up. Ali El Idrissi founded UpChoose in July 2017. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used to build the infrastructure required to handle growth, expand the team, invest in marketing, and develop the tech platform. UpChoose has over 750 customers in 180 cities and reported a 300% year-to-year growth.
Old Humble Distilling Company, a distillery in Humble, TX, is raising crowdfunding on MainVest. The distillery makes a variety of bourbon that reflects the true taste and texture of Texas. The current offerings of Old Humble Distilling Company include Straight Whiskey, Special Reserve Whiskey, and Boomtown Bourbon, while it soon plans to introduce Lumberyard Rye, JP’s Peach Brandy, Old Humble’s Rice Whiskey, and Old Humble Black Magic Coffee Liqueur. Joseph Breda founded Old Humble Distilling Company in 2013. The proceeds of the current crowdfunding campaign, with a minimum goal of $100,000 and a maximum goal of $250,000, will be used towards equipment, distilling personnel, tasting room and event space, and marketing. Old Humble Distilling Company believes in a single mission of making the best bourbon and has been doing the same for years.
Streitwise, a company formed to acquire office properties across the US, is raising funds on Republic through Reg A+ crowdfunding. The company currently owns two office properties, The Panera Bread HQ in St. Louis, MO, and Allied Solutions Building in Indianapolis, IN. Streitwise is sponsored by Tryperion Partners, a private real estate investment firm. The current round of funding has a minimum goal of $1,007 and a maximum goal of $45,154,615, and the funds will be used to add a third property to the portfolio. Streitwise aims to acquire and manage value-oriented investments that provide steady and growing dividends.
