New Deals for the Week Ending 02/20/2022 - KingsCrowd

February 22, 2022

New Deals for the Week Ending 02/20/2022

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.

 

BakedCravings

BakedCravings, with a valuation of $11.7 million, is raising funds on StartEngine. It is a commercial bakery that bakes fresh and nut-free confections. The bakery specializes in cupcakes, brownies, hand-decorated cookies, edible image cookies, donuts, muffins, and custom cakes. BakedCravings has secured a partnership with Bright Horizon, which supplies daycare to corporate clients, including Adobe and L’Oreal. Craig Watson founded BakedCravings in February 2017. The current crowdfunding campaign has a minimum target of $9,997 and a maximum target of $1,069,997.50. The campaign proceeds will be used for introducing new packaging and marketing.

 

3i Tech Works

3i Tech Works, with a valuation of $20.4 million, is raising funds on StartEngine. The company builds solutions that help in increasing customer engagement and customer loyalty. The 3i Tech Works platform provides digital tools to small and medium-sized businesses and enables mobile connection and engagement with customers. 3i Tech Works’ database has more than 100 client businesses and serves more than 780,000 unique customers. Joseph Riano founded 3i Tech Works in February 2012. The current crowdfunding campaign has a minimum target of $9,999.50 and a maximum target of $1,069,999. The campaign proceeds will be used for growth and expansion.

 

Ouragins

Ouragins, with a valuation of $12.7 million, is raising funds on Rialto Markets. The company makes science-backed scrubs using antimicrobial tech fabrics. The fabrics of Ouragins scrubs are soft, breathable, come with 4-way stretch, and move seamlessly with the customers. Ouragins is led by an experienced team and has been featured in Yahoo, Men’s Health, and Business Insider. Shaun Veran founded Ouragins in July 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 product development, tech and data science, sales and marketing, and new hires.

 

Asenso Finance

Asenso Finance, with a valuation of $15 million, is raising funds on Wefunder. The company is changing small business banking with its digital social borrowing solution. The business works on a lending-as-a-service model and digitizes the institutions looking to help small businesses. Asenso Finance provides community banks and CDFIs with the technology and expertise to offer low-interest loans to fund small businesses. Keny Chang and Winston Damarillo founded Asenso Finance in October 2021. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, technology, research and development, and working capital.

 

Evva Health

Evva Health, with a valuation of $8 million, is raising funds on Wefunder. The company has developed an empathic elder caregiving tech platform. The platform understands the unique needs of each patient and family and designs a personalized roadmap and community support around them. Evva Health is led by an experienced team and won the 2021 LG NOVA prize for the most innovative and transformative solution. Carl Hanna and Saurabh Vyas founded Evva Health in January 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, engineering, sales and marketing, and operations.

 

Next Bolt

Next Bolt, with a valuation of $35.1 million, is raising funds on Wefunder. The company is developing the first affordable home energy storage battery. The battery will be sold for as low as $100 a month and will work great for clean energy storage. Next Bolt battery is expected to be perfect for powering homes, commercial needs, the solar industry, and electric vehicle charging. Jason Adams founded Next Bolt in August 2019. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5,000,000. The campaign proceeds will be used for scaling up battery production research and development, hiring new team members, marketing, and operations.

 

Unbanked

Unbanked, with a valuation of $150 million, is raising funds on Republic. The company provides a platform for the customers to move money instantly, with real-world application of blockchain and cryptocurrency. Unbanked allows users to buy using their cryptocurrency at about 50 million merchants. The company reported revenue of $1.7 million in 2019, $9.3 million in 2020, and expects to generate $20 million for 2021. Ian Kane and Daniel Gouldman founded Unbanked in January 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used to increase the marketing spend and grow the customer base.

 

Quorum X Diagnostics

Quorum X Diagnostics, with a valuation of $25 million, is raising funds on Wefunder. The company has developed a take-home lateral flow test to detect CoV-2 during the incubation period. The test will allow the detection of COVID even before the onset of symptoms. The company has already used the same technology to build QXD-1 Fast Test for Pseudomonal Pneumonia Prototype. Quorum X Diagnostics has tested more than 350 patient samples and has an anticipated market demand of 60-90 million tests weekly. Maria Nagy and Dr. Angel A. Rivera founded Quorum X Diagnostics in 2017. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $387,278. The campaign proceeds will be used to complete the manufacturing of the first 20,000 COVIDNOW kits, develop the phone app, and implement AI technology upgrades.

 

The Zone

The Zone, with a valuation of $4.45 million, is raising funds on Wefunder. The company has developed a mental wellness platform for athletes. The platform helps student-athletes discover the cause of their mental health struggles, enables awareness, and provides access to support. The Zone is led by an experienced team and has current partnerships with Griggins and Morgan Stanley Global Sports & Entertainment. Ivan Thatchouwo and Erik Poldroo founded The Zone in April 2017. The current crowdfunding campaign has a minimum target of $79,997 and a maximum target of $176,102. The campaign proceeds will be used for hiring software engineers, hosting, enterprise authentication, and branding.

 

ArkHAUS

ArkHAUS, with a valuation of $15 million, is raising funds on Republic. The company is launching a lifestyle club on the water in Miami and cities worldwide. The membership club will be a combination of hospitality and real estate and will be built on four solar-electric houseboats to let members meet, relax, and entertain. ArkHAUS has already sold three “Forever Membership” NFTs at 8 ETH each and has projected margins of $8.5 million in the first year to $9.46 million in the fifth year per city. Sam Payrovi and Nathalie Paiva founded ArkHAUS in November 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for vessel deposits, membership marketing, and pre-launch operations.

 

LookFirst by Syr

LookFirst by Syr, with a valuation of $5 million, is raising funds on Wefunder. The app enables users to collect and share shopping and travel notes and find authentic recommendations about food, fashion, and travel choices from locals. LookFirst functions as the specific social network and interest-based community to connect people. Rob K Latt, Thiha Min, and Susan Huang founded LookFirst by Syr in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $200,000. The campaign proceeds will be used for software development, marketing and content, and miscellaneous expenses.

 

Into The Box

Into The Box, with a valuation of $7.97 million, is raising funds on Netcapital. The company is developing themed pop-up vacation rentals that aim to provide memorable travel experiences. The business is focused on sustainability, eco-tourism, and allowing the masses to experience off-grid living. Into The Box aims to protect the health of travelers amidst the pandemic and provide inspiring environments. Chris Wartko founded Into The Box in August 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $749,999. The campaign proceeds will be used for container buildout, container transport, ground lease agreements, marketing, and compensation.

 

Bloom Stack

Bloom Stack, with a valuation of $8.5 million, is raising funds on Wefunder. The company has developed a seamless operational integration for companies in the business of legal cannabis, hemp, and CBD. The system takes all the platforms and systems these operators are using and migrates the complete data into a single and integrated platform. Bloom Stack reported five times revenue growth from 2019 to 2020 and currently has more than $590,000 in ARR. Eric Delisle and Matthew Michaels founded Bloom Stack in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $125,000. The campaign proceeds will be used for operations, marketing, administrative and legal expenses, and adding additional security and usability features.

 

Destiny Robotics

Destiny Robotics, with a valuation of $25 million, is raising funds on Wefunder. The company has developed the first humanoid assistant with its socially intelligent humanoid robot. Destiny will serve as the personal assistant and trustworthy companion to millions of people looking for automated helpers. Destiny Robotics is led by a world-class team and backed by Google for Startups and NVIDIA Inception. Megi Kavtaradze founded Destiny Robotics in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, business development, marketing, and operations.

 

Flash Scientific Technology

Flash Scientific Technology, with a valuation of $89.8 million, is raising funds on StartEngine. It is a weather intelligence company that uses artificial intelligence to predict lightning. The weather predictions of Flash Scientific Technology are meant to save lives and prevent the adverse effects of weather conditions. Flash Scientific Technology has the patented prototype to predict lightning with 15 to 25 minutes of lead time, 96.5% accuracy in summer, and 99.6% accuracy in other seasons. Jason Deese founded Flash Scientific Technology in August 2020. The current crowdfunding campaign has a minimum target of $9,999.75 and a maximum target of $3,929,046.75. The campaign proceeds will be used to expand the product suite.

 

Edsoma

Edsoma, with a valuation of $14 million, is raising funds on Wefunder. The company has developed an AI-based edtech app that helps children learn to read and grow a lifelong love of books. The app also helps parents develop their own reading skills and enables them to read to their children from any location. Edsoma offers real-time engagement and connects families through reading. Kyle Wallgren founded Edsoma in April 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for programming costs, sales and marketing, and operations.

 

Balloon

Balloon, with a valuation of $12 million, is raising funds on Wefunder. The company has developed a platform that enhances enterprise collaboration and decision-making. Balloon uses a staged workflow, where users can “launch” their idea and ask for feedback and ideas without worrying about titles, identities, pleasantries, or courtesies hindering progress. The platform already has paying customers, including Amazon, Masterclass, MLB, and Estee Lauder. Amanda Greenberg and Noah Bornstein founded Balloon in June 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for hiring, outbound sales campaigns, and marketing.

 

KinectAir

KinectAir, with a valuation of $23 million, is raising funds on Wefunder. The company provides accessible air travel experiences through its efficient and right-sized aircraft. KinectAir has designed intelligent software that meets customer demand in real-time and creates a booking to the actual need. The products of KinectAir include go-anywhere point-to-point charter, group flights for eight people, and turboprops with up to 80 seats. Jonathan Evans, Philip Benjamin Howard, and Daniel Gizzi founded KinectAir in April 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for marketing, software, operations certification, community development, and aircraft supply development.

 

Just A Baby

Just A Baby, with a valuation of $12 million, is raising funds on Wefunder. It is a mobile app that helps people find people to make babies. The app enables prospective single parents to meet and discuss their needs and wants with potential partners, both locally and across the globe. Just A Baby has more than 25,000 monthly users and has generated $225,000 in revenue over the past twelve months. Paul Ryan, Erick Haryono, and Daniel Campagnoli founded Just A Baby in July 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,070,000. The campaign proceeds will be used for generating new revenue streams, marketing, and retention features.

 

True East Leaf

True East Leaf is raising funds on MainVest. The business plans to operate an adult-use cannabis retail dispensary and cultivation facility. The company has already acquired the building to accommodate its vertically-integrated business and has mastered the craft of cultivating cannabis. True East Leaf will offer a variety of products, including cannabis flowers, prerolls, edibles, topicals, and extracts. Kayley Stasiewski and Thomas Pytko founded True East Leaf in April 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for construction and renovations.

 

Juvo Jobs

Juvo Jobs, with a valuation of $17 million, is raising funds on Wefunder. The platform is revolutionizing how people find jobs by connecting seekers and employers. The app brings jobs to people and uses innovative geolocator technology to organize job openings by location. Juvo Jobs is led by an experienced team and has scaled nationally in just 120 days. Mark Emery and Debbie Emery founded Juvo Jobs in September 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5,000,000. The campaign proceeds will be used for social media marketing and partner programs, operations, and technology.

 

Above & Beyond Studios

Above & Beyond Studios, with a valuation of $13.6 million, is raising funds on Netcapital. The company has developed a revolutionary new suite, Freedom, that inspires people to support small, local, and black-owned businesses. Freedom is designed to give savings and entertainment to users in the form of shopping, couponing, and gaming while supporting local businesses. Above & Beyond Studios has had more than 1,350 downloads for the Freedom app, and its Freedom TV+ is currently on Roku TV and Amazon Fire TV. Steffan Jackson and Aman Stuppard founded Above & Beyond Studios in November 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999. The campaign proceeds will be used for product development, hiring, office space, and legal counsel.

 

Mighty Monkey

Mighty Monkey, with a valuation of $15 million, is raising funds on Republic. The business makes and sells delicious gluten-free cookies. The handcrafted cookies of Mighty Monkey are allergen-free and designed to indulge the mind, body, and soul. The business uses the best of ingredients for its cookies, including cage-free eggs, pure maple syrup, pure cane sugar, real butter, sea salt, Dutch cocoa, whole coconut, and natural vanilla. Carolyn K. Potz founded Mighty Monkey in April 2017. The current crowdfunding campaign has a minimum target of $1,000,000 and a maximum target of $5,000,000. The campaign proceeds will be used to introduce new products and generate more revenue.

 

Patriot Popcorn

Patriot Popcorn is raising funds on SMBX. The company makes fresh, flavorful, and fast popcorn. The business offers more than 85 different flavors of popcorn, including Caramel n’ Cheddar and Chocolate Covered Strawberry, and has a variety of packages for birthdays, weddings, corporate events, and holiday parties. Patriot Popcorn cares about the community too and gives a portion of its proceeds to nonprofits for veterans, first responders, and cancer research foundations. Michael Brady and John Brady founded Patriot Popcorn in February 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $40,000. The campaign proceeds will be used to move into a larger retail location and purchase equipment.

 

New Use Energy

New Use Energy, with a valuation of $16.1 million, is raising funds on StartEngine. The business is replacing fossil fuel generators with mobile solar solutions, including solar trailers, modular Sunkit, and ultra-portable PowerPacs. New Use Energy’s solutions find uses in disaster response, construction, telecommunications, and events. Paul Shmotolokha founded New Use Energy in November 2019. The current crowdfunding campaign has a minimum target of $9,999.05 and a maximum target of $106,998.39. The campaign proceeds will be used to launch new products and generate more revenues.

 

Down to Cook

Down to Cook, with a valuation of $6 million, is raising funds on Republic. The company makes nutritious plant-based ground meat alternatives that use whole and fresh vegetables. The flagship product of Down to Cook, Adda Veggie, adds plant protein and crisp and chewy texture to food and makes it nutritionally complete. Down to Cook has generated $250,000 in year-to-date revenue in 2021 and reported ten times growth from 2020. Trishna Saigal and Joseph Richards founded Down to Cook in January 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used to support retail growth, foodservice launch, and product line expansion.

 

PeerKnect

PeerKnect, with a valuation of $4 million, is raising funds on Wefunder. The app is built for parents, caretakers, and therapists of children with special needs. It builds friendships and social connections for children with special needs and reduces their isolation. PeerKnect allows parents and caretakers of children with special needs to connect with other parents and therapists and assists them in achieving goals. Emily Bruce and Aram Abubaker founded PeerKnect in January 2020. The current crowdfunding campaign has a minimum target of $75,000 and a maximum target of $350,000. The campaign proceeds will be used for team members and hiring, marketing, and operating expenses.

 

FreightPal

FreightPal, with a valuation of $7.5 million, is raising funds on Republic. The company has developed a fully automated technology solution for shipping. The technology connects and automates freight logistics by comparing price quotes, booking, tracking, managing, and making bill and shipment payments online with all major integrated carriers. FreightPal has more than 200 customers, including GlobalTranz and Old Dominion Freight Line, and has reported $10 million in combined revenue since 2017. Michael Rasmussen founded FreightPal in February 2013. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for technology, product development, sales and marketing, and working capital.

 

CHELLY

CHELLY, with a valuation of $6 million, is raising funds on StartEngine. The company is bringing limoncello liqueur to the new generation with its award-winning recipe. The recipe of CHELLY merges the flavor of lemon liqueur with the texture and high octane of a grain neutral spirit making it highly versatile. CHELLY is perfect for shooting, sipping, or mixing with cocktails due to its smooth and flavorful taste profile. CHELLY has established a loyal customer base and won several awards. Nicolas Guerrieri and Roberto Guerrieri founded CHELLY in December 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used to add more customers and products.


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