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.
Roast Umber, a coffee and cacao roasting business in Grand Rapids, MI, is raising funds on MainVest. It is a specialty roasting company that deals in chocolate, coffee, and related products. The business sources its raw material directly from the farms and believes in seed-to-cup and tree-to-bar. Brad Gakenheimer, Chad Morton, Brent Hawkins, and Marc Colcer founded Roast Umber in November 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $250,000, will target growth of the product line and expansion in nationwide distribution. Roast Umber has been in the industry for many years and has established direct relationships with the farmers and producers.
Strom Motors, with a $10 million valuation cap, is raising crowdfunding on Republic. The company is making compact, lightweight two-seater electric cars with a swappable battery. The Strom-R3 is designed for polluted cities in the developing world. Pratik Gupta and Jean-Luc Abaziou founded Strom Motors in December 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000. The funds will be used for international market expansion, showcasing vehicles at auto shows across the world, and loaning vehicles to industry experts. Strom Motors has received regulatory approval for India that is applicable to the EU and more than $10 million pre-booking requests in the Indian market.
whoelse.ai, with a valuation cap of $7 million, is raising funds on Republic. The company is developing a platform to improve the performance and intelligence of AIs. The platform allows voice AIs to use simplified grammar and exchange information in a standardized manner. Tobias Martens and Sven Kruger founded whoelse.ai in November 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to build the network and the brand. whoelse.ai expects to generate a revenue of $15 million by 2023 due to its concept based on Chomsky’s grammar theory.
Camp365, with a pre-money valuation of $20.7 million, is raising crowdfunding on StartEngine. The company manufactures compact and towable campers that allow people to enjoy camping without changing their everyday lifestyle. The lightweight campers can be carried in almost any car and stowed in any garage. Kevin McGregor and Cedar Vandergon founded Camp365 in 2009. The current crowdfunding round has a minimum raise of $9,999.60 and a maximum raise of $1,069,998.80. The raise proceeds will be used for growth and expansion. Camp365 has an impressive IP portfolio and reported a nine times growth in revenue from 2018 to 2020. The company already sells its cabins to independent RV dealers in the US and Canada.
TmrO App, with a $30 million pre-money valuation, is raising funds on StartEngine. The platform connects freelancers with clients for bookings and payments. The app works well for creative individuals for getting faster bookings, instant payments, and more competitive rates than the competitors. Don and Kayla Shelton founded TmrO App in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,996 and a maximum raise of $1,069,998, will be used to create better opportunities for freelancers and clients. TmrO App is led by an experienced team and received its first 450 users and ten completed projects in January 2021. The app serves clients well by helping them find pre-screened talent and freelancers through guaranteed work and payments.
mcSquares, with a pre-money valuation of $16.9 million, is raising funds on StartEngine. The company brings people together for businesses, projects, and schoolwork by making whiteboarding better and more effective. The proprietary products of mcSquares include whiteboarding tools like nesting organizational dry-erase tiles, smudge-free erasable markers, and reusable whiteboard stickies. mcSquares was founded by Anthony Franco in 2016. The proceeds of the current crowdfunding round, with a minimum target of $9,999.64 and a maximum target of $1,069,999.82, will be used towards marketing, trade shows, new product development, and IP filings. mcSquares has reported a 1,300% increase in revenue since 2018 and already has more than 1,500 investors.
Hele Fitness, with a pre-money valuation of $14.9 million, is raising crowdfunding on Wefunder. It is a health and fitness brand rooted in Hawaii. The company supports people in living better by helping them build inner strength. Hele Fitness provides the equipment, knowledge, and support system for people to connect with the better version of themselves. Brook Emanuel, Gus Mello, and Marcus Keoni Souza founded Hele Fitness in 2016. The proceeds of the current crowdfunding round, with a minimum raise of $500,015 and a maximum raise of $1,069,987, will be used for technology development, expansion into new geographies, and content creation. Hele Fitness is part of a fast-growing market and has reported a 400% revenue growth since 2017.
Clash TV, with a $12 million valuation cap, is raising funds on Wefunder. The company has developed an interactive live-streaming app that allows viewers to interact digitally. The viewers get to chat on-screen, clap, or vote for their favorite fantasy sports or esports. Ivan Isakov and Brian Lisi founded Clash TV in October 2018. The current crowdfunding round has a minimum goal of $200,000 and a maximum goal of $1,070,000. The raise proceeds will target product development of version 2.0, content acquisition, marketing, and repayment of shareholders’ loans. Clash TV connects live streaming with social networking and interactivity to offer an unprecedented user experience. The platform has already partnered with Fantasy Alarm and closed a contract with M-1 Global.
GigKloud, with a $5.5 million valuation cap, is raising crowdfunding on Wefunder. The platform helps businesses meet their demand for unskilled and supplemental workforce. It caters to construction, moving, fulfillment, and event industries. D. William Zero and Joseph Marchione founded GigKloud in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for sales, marketing, operations, hiring, and lead generation services. GigKloud has 15,000 workers on its waitlist and has reported more than 80% CMGR over the last seven months. The average client spend last month was $4,800, up 1,000% year-over-year.
Aquaborne, with a $3 million valuation cap, is raising crowdfunding on Wefunder. It is going to be the first commercial eco-friendly fish tanning facility in the USA that makes exotic leather from discarded fish-skins. The tannery will launch in California and provide superior alternatives to existing leather options. Nodar Narsavidze and Sergei Zharkov founded Aquaborne in August 2020. The current crowdfunding campaign has a minimum target of $375,000 and a maximum target of $1,070,000. The funds will be used towards rent, raw skin acquisition, marketing, staffing, and tanning supplies. Aquaborne is in a production-ready stage and will help to save endangered species from being killed.
Quioveo Energy, with a valuation cap of $5 million, is raising funds on Wefunder. The company will support the widespread adoption of sustainable and renewable energy and aims to design a robust electrical grid. The grid of Quioveo Energy will allow electricity from sustainable sources to flow efficiently and affordably. Leo Alicante founded Quioveo Energy in October 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used towards engineering costs to develop Illuminator and its go-to-market expenses. Quioveo Energy is being developed in partnership with top scientists from The Wharton School. The solution aims to democratize access and ownership of energy.
Splitsy, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company is developing a mobile app that enables people to split their monthly bills automatically. The app has received Digital Sandbox Funding, and its MVP is expected to be launched to the Beta users in the second quarter of 2021. Brad Starnes, Joe Allen, and Nolan McMicheal founded Splitsy in July 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will target software development, general operations, marketing, advanced product launch, phase 2 development, and API integration. Splitsy has a patent-pending technology and has a waitlist of users ready for Beta testing.
GRAF Medical Imaging, with a $5 million valuation cap, is raising funds on Wefunder. The company aims to develop a new brand in X-ray and a new marketing concept for medical imaging products. It works as a consortium of six manufacturing partners to eliminate the high cost of R&D. Gary Kohler and Bruno Wuest founded GRAF Medical Imaging in 2018. The current round of crowdfunding has a minimum raise of $100,000 and a maximum raise of $1,000,000. The proceeds will be used for FDA registration and consulting fees, new hiring, marketing, operating expenses, and inventory. GRAF Medical Imaging aims to make new medical imaging equipment available at affordable prices from local independent dealers.
Coffee Shift, with a valuation cap of $4 million, is raising crowdfunding on Wefunder. The company is bringing the power back from corporations to coffee growers through a blockchain system. The platform connects more than 300 Colombian coffee growers to coffee lovers. Tyler Pinckard founded Coffee Shift in 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $250,000, will target marketing, hiring, blockchain development, and the establishment of a warehouse. Coffee Shift is led by a FinTech expert and blockchain architect. The company reported a 34% year-over-year growth in 2020 from its e-commerce revenue.
Planted Recovery Telehealth, with a $5 million valuation cap, is raising funds on Wefunder. The company aims to bring world-class addiction treatment to anyone, anywhere, at the moment of need. It is a HIPAA-secure telehealth company with an efficient patient engagement platform. Scott Ankeny founded Planted Recovery Telehealth in September 2019. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $250,000. The funds will be used for licensing, accreditation, product development, technology infrastructure, and provider network development. Planted Recovery Telehealth will cater to patients through its 12-week programs and 52-week aftercare options.
Octivity Fitness Collective, with a pre-money valuation of $5.2 million, is raising funds on StartEngine. The company offers virtual fitness guidance to individuals through its subscription-based health and wellness solution. The offerings include access to functional fitness, innovative cooking, and informative lifestyle videos. Ron L. Wilson, II founded Octivity Fitness Collective in August 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used to expand the membership base and grow. Octivity Fitness Collective has already filmed a 28-day track of fitness videos and is in the process of filming cooking segments.
LaneAxis, with a pre-money valuation of $32.6 million, is raising crowdfunding on StartEngine. The company is revolutionizing the global supply chain industry by creating the first broker-less shipper-to-carrier direct freight network. The network is powered by blockchain and the AXIS utility token. Rick Burnett founded LaneAxis in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $9,999 and a maximum raise of $3,929,999.70, will be used to propel the project to the next level and solve massive inefficiencies in the supply chain. The patented technology of LaneAxis uses a data-fuelled network to connect shippers with carriers and automates shipping management.
Blue Sky Energy, with a pre-money valuation of $20 million, is raising crowdfunding on StartEngine. The Austria-based company designs, manufactures, and sells innovative and environment-friendly battery storage systems. The battery systems are made with saltwater and Lithium Titanate Oxide technologies. Hansjoerg Weisskopf and Lyle Gold founded Blue Sky Energy in 2017. The current crowdfunding campaign has a minimum raise of $9,997.68 and a maximum raise of $1,069,995.08. The funds will target the acquisition of a large network of installers, bidding on large projects, and employing local workforces. Blue Sky Energy is working to meet the growing demand for renewable energy and energy storage.
NEXT Wine Company, a winery in Lodi, CA, is raising crowdfunding on MainVest. The winery offers a high-quality selection of new experimental wine brands to retailers and consumers. The company analyses consumer data, uncovers new opportunities, and uses cultural moments to create new wine brands. Jeff Hansen and Matt Sinclair founded NEXT Wine Company in 2017. The proceeds of the current crowdfunding round, with a minimum goal of $150,000 and a maximum goal of $250,000, will target the expansion of inventory for new brands and the development of new markets. NEXT Wine Company’s online sales have skyrocketed during COVID, adding new opportunities for new brands.
Gumroad, with a valuation cap of $100 million, is raising funds on Republic. The company has developed a platform that empowers the online creator economy and makes it simple to sell online. The services offered include building products and checkout pages, handling payment processing, and managing customers. Sahil Lavingia founded Gumroad in 2011. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $5,000,000, and the proceeds will be used to grow the team, add more resources, and expand the offerings. Gumroad has helped more than 74,000 creators earn more than $390 million. The company generated $9.2 million net revenue in 2020, up 87% from 2019.
Fantasy Sports Company, with a $19 million pre-money valuation, is testing the waters on SeedInvest. The platform provides sports gambling tools, analytics, and rewards to sports fans. The aim of the platform is to help fans win at sports betting. Erik Groset and Peter Groset founded Fantasy Sports Company in 2015 and raised over $950,000 in previous rounds of financing. 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 existing product development, new product development, marketing, sales, and operations. Fantasy Sports Company’s platform has more than 500,000 users across all sports gambling tech products.
Incolo, with a valuation cap of $8.2 million, is raising crowdfunding on Localstake. It is a startup platform for all founders and investors and is focused on the success of a diversity of businesses. The platform includes a founder community platform, the FENX, masterclass and coaching for founders, and funding. William McGuire founded Incolo in January 2019. The current crowdfunding campaign has a minimum target of $57,000 and a maximum target of $250,000. The raise proceeds will be used for hiring, marketing, and startup and development. Incolo reported triple-digit revenue growth from 2019 to 2020, and the founder company contract grew by 260% in the same period.
Oak and Grist Distilling, with a valuation of $2.2 million, is raising funds on Localstake. The company makes high-quality, small-batch, grain-to-glass spirits. It makes one of the only few single malt whiskies to the standard of Scottish single malt and top-quality Jenever gins. William Goldberg, Russell Dodson, and Robert Goldberg founded Oak and Grist Distilling in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for building inventory, equipment purchase, and hiring. Oak and Grist Distilling is currently distributed in North Carolina and New York and is the only grain-to-glass distillery in North Carolina.
Shift Caffeine, a coffee brewery in Phoenix, AZ, is raising crowdfunding on SMBX. The company brews smooth, canned, cold brew coffee through a strategically engineered process. The coffee of Shift Caffeine has more flavor and less bitterness. John Hickman founded Shift Caffeine in 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $25,000 and a maximum target of $100,000, will be used towards working capital for a new canning line, coffee beans, and packaging. Shift Caffeine currently offers two main flavors, Turbo Black and Driving Me Coconuts. The coffee is vegan and made from high-quality ingredients and brewing processes.
Wefunder, with a pre-money valuation of $160 million, is raising funds on Honeycomb. The crowdfunding platform allows investors to invest in a variety of startups. The company is building a stock market for startups to raise money in pre-IPOs. Nick Tommarello and Greg Belote founded Wefunder in 2012. The current crowdfunding campaign has a minimum goal of $1,000,000 and a maximum goal of $5,000,000, and the funds will be used towards working capital, hiring, and expansion into Europe. Wefunder is a market leader in crowdfunding with over 40% market share in Regulation Crowdfunding in the fourth quarter of 2020. The platform reported over five times year-over-year growth in investment volume from the fourth quarter of 2019 to the same period in 2020.
Kyndoo, with a $12 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a platform that helps real influencers leverage social media’s unstructured data to create effective marketing campaigns. The platform, the Kyndex, works like a credit score for influencers and measures the authenticity of the influencers’ audience. Kelly McDonald and Jin Yu founded Kyndoo in 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for research and development of the product and business development. Kyndoo reported more than three times year-over-year growth from 2019 to 2020. The Kyndex scored influencers already have an extended audience reach of more than 2 billion people.
Hideout, with a $9 million valuation cap, is raising crowdfunding on Wefunder. The company is building a new restaurant business for the delivery-first world. The business will turn delivery into its own dining experience through superior logistics, high-quality customer experience, and an omnichannel approach. Brian Leung founded Hideout in October 2019. The current crowdfunding round has a minimum target of $750,000 and a maximum target of $1,070,000, and the funds will be used for hiring, advertising, and building out two kitchens. Hideout aims to bring quality and experience to the ghost kitchens. The business has a current run-rate of $500,000 with one kitchen with a 31% customer reorder rate.
Guardian Athletics, with a post-money valuation of $8.38 million, is raising funds on NetCapital. The company designs and manufactures protective gear for athletes. The flagship product, KatoCollar, protects the head and neck of athletes and football players. The collar slows down the movement after the impact and offers protection without restricting movement. Jeff Chambers founded Guardian Athletics in October 2019 and raised $1 million in previous rounds of financing. The proceeds of the current crowdfunding campaign, with a minimum goal of $10,000 and a maximum goal of $250,000, will target biomechanical testing, debt repayment, marketing, and managers’ compensation. Guardian Athletics has received an innovation grant from the Department of Economic and Employment Division and has supplied the collars to many football teams.
Obvious Wines, with a pre-money valuation of $11 million, is raising crowdfunding on StartEngine. The company aims to make boutique wines accessible to everyone through its simple, vegan, and sustainable wines. The wines of Obvious Wines come with clear and straight-forward messaging, including taste profile, food pairings, winery information, and tasting notes. Brice Baillie founded Obvious Wines in 2017. The current crowdfunding round has a minimum raise of $9,998.44 and a maximum raise of $1,069,999.60, and the funds will be used to build a nationwide sales program. Obvious Wines generated $1.3 million in revenues in 2020, up 34% from 2019. The business has a strong local presence in key markets and has been featured on Shark Tank.
O’o Hawaii, a clean beauty skincare company, is raising funds on MainVest. The company uses its proprietary Triple Boosting Complexes and antioxidants, like Hawaiian coffeeberry and noni, to make clean and cruelty-free skincare products. The antioxidants used are grown in the nutrient-rich volcanic ash soil. Holly Harding founded O’o Hawaii in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $55,000 and a maximum raise of $250,000, will be used to build inventory to sell at scale and support marketing efforts. O’o Hawaii has successfully completed regulatory compliance in India, Israel, Japan, EU, UK, Canada, Mexico, and Australia. The brand also has a long list of customers and awards.
Thyme Management, a food-delivery business, is raising crowdfunding on Honeycomb. The business delivers ready-to-eat and healthy meals twice weekly. The meals are available in individual and family-style options and range from nutritionally-balanced meals, Whole 30 options, and plant-based meals to keto options. Kim Agnew founded Thyme Management in 2017. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $75,000. The proceeds will be used to open a new cafe, purchase equipment, and support additional payroll. Thyme Management has a large customer base and has a 75%-80% conversion rate with customer inquiries.
VENUE by Xcinex, with a $20 million valuation cap, is raising funds on Wefunder. The company has developed a streaming platform that brings on-demand, ticketed premium entertainment experiences to the home of customers. The platform works on the company’s patented AI and machine vision. Cihan Fuat Atkin and Don Tannenbaum founded VENUE by Xcinex in August 2012. 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 towards the product, operating expenses, business development, and final market pilot. VENUE by Xcinex has patents issued in the US, South Korea, Israel, and Canada. The company has huge data potential and enables advanced data analytics.
Life Magnetics, with a pre-money valuation of $3.05 million, is raising crowdfunding on Wefunder. The company has developed at-home medical testing solutions using carbon-based RNA extraction methods. The process allows easy extraction, processing, shipping, and storage of RNA for diagnostic purposes. Kevin Hagedorn founded Life Magnetics in 2013. The current crowdfunding campaign has a minimum raise of $200,022 and a maximum raise of $1,000,008. The raise proceeds will be used for advertising, application of the product to manufacturing RNA drugs, adding genomic testing equipment, and building more collaborations. Life Magnetics has large licensing deals and supply agreements in discussion. The company has a manufacturing capacity for $2 million a year in sales.
Meadows Italiano, an upcoming Italian restaurant in Mooresville, NC, is raising funds on MainVest. The restaurant offers subs and pizzas made of fresh and high-quality ingredients. The business currently runs through a mobile van and mobile cooking oven and plans to open its first shop now. David Cavalier and Jayson Poluka founded Meadows Italiano in October 2020. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $107,000. The funds will be used for marketing, working capital, equipment costs, and buildout. Meadows Italiano is designing its restaurant to be post-pandemic proof with only to-go, takeout, and outside seating.
KSITY Pizzeria, an upcoming pizzeria in El Paso, TX, is raising crowdfunding on MainVest. The comfort food restaurant aims to offer affordable wood-fired Napoletana pizzas, along with unparalleled customer service. KSITY Pizzeria is using marketing platforms for its promotions, partnered with Toast. Lloyd Kemry founded KSITY Pizzeria in May 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $21,000 and a maximum raise of $58,100, will be used towards initial material, equipment, buildout, and payroll. KSITY Pizzeria sold 527 pizzas in one day at a local festival in 2019. The business projects to sell between 3,000 and 7,500 a month, with an average revenue projection of $440,000.
AdWallet, with a valuation of $13.1 million, is testing the waters on Republic. The company has developed a platform that enables advertisers to reward consumers for their attention. The platform helps transform advertisements from unwanted interruptions into welcomed invitations. Adam Greenhood founded AdWallet in June 2020 and has raised more than $5 million in previous rounds of financing. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for growth and expansion. AdWallet has more than 150,000 members who have earned more than $1.5 million. The company reported a three times year-over-year revenue growth from 2019 to 2020.
WebJoint, with a pre-money valuation of $44.3 million, is raising funds on StartEngine. The company has developed a cannabis delivery software that serves over one-third of the licensed cannabis deliveries in California. The direct-to-consumer infrastructure of WebJoint streamlines the process of buying, selling, and delivering cannabis. Christopher Dell’Olio founded WebJoint in 2015 and has raised more than $2.2 million since the inception. The current crowdfunding round has a minimum raise of $9,998.10 and a maximum raise of $1,069,997.04, and the funds will be used to expand the business to all delivery-capable cannabis states in the US. WebJoint has completed nearly two million deliveries in 819 cities in California. The business reported a 346% year-over-year increase in orders delivered through its platform.
AMASS Botanics, with a $75 million pre-money valuation, is testing the waters on SeedInvest. It is a botanical body care and spirits brand that makes clean botanics suiting the modern lifestyle. The self-care portfolio contains hand sanitizer, hand soap, bath salts, and lotion, while the beverage portfolio consists of botanic gin and vodka, botanic non-alcoholic spirits, cannabis spirits, and Aperitivo. Mark Thomas Lynn founded AMASS Botanics in 2016 and has raised more than $15 million in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $107,000, will target marketing, team expansion, and new product development. AMASS Botanics has an $8 million revenue run rate as of the fourth quarter of 2020. The business reported a 549% year-over-year growth in revenue from 2019 to 2020.
Otto Connect, with a valuation of $1 million, is raising funds on Localstake. The company has developed an app-based events management solution for sports, parking, and communities. The CAST solutions of Otto Connect allow scheduling, in-app communication, event and activity registration, and secure payment of fees. James R Varner and David B Irons founded Otto Connect in August 2020. The current crowdfunding round of the company has a minimum raise of $15,000 and a maximum raise of $250,000. The raise proceeds will be used for app development and marketing. Otto Connect has a bundled package named SurfCAST that includes ParkingCAST, CommunityCAST, and SportsCAST.
Selling Seattle- The Sitcom, an upcoming arts and entertainment company, is raising funds on MainVest. It is going to be a smart broad comedy, on the lines of Seinfeld and Arrested Development. The episodes will stream on the internet in a thirty-minute format. Jim McGuffin founded Selling Seattle- The Sitcom. The proceeds of the current crowdfunding raise, with a minimum goal of $535,000 and a maximum goal of $1,070,000, will be used towards production costs, advertising, administrative assistant, and other costs. Selling Seattle- The Sitcom is working with the video production company, North by Northwest, to produce the pilot and second episode. The cash flow from these episodes will be used to produce four to six more episodes this year and about twelve episodes next year.
Valerie’s, with a $4 million valuation cap, is raising funds on Wefunder. The business offers healthy and delicious vegan food through a convenient drive-through. The customers can shop through the restaurant’s app and take safe and contactless delivery with the drive-through option. Valerie Bendish founded Valerie’s in November 2020. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000. The proceeds will be used for public relations, paid advertising, purchase orders, employees’ salaries, and startup costs for the physical location. Valerie’s works as an omni-channel business, with multiple revenue streams, including retail, online, pick-up, and delivery.
Kenny’s Restaurant & Bar, an upcoming restaurant and bar in Evansville, IN, is raising funds on MainVest. The bar will be the only one with a mixologist and will offer excellent food and industry-leading customer service. The bar will also hold unique events at night. Kenneth Walker founded Kenny’s Restaurant & Bar in July 2020. The proceeds of the current crowdfunding round, with a minimum raise of $100,000 and a maximum raise of $250,000, will be used towards rent, wages, kitchen equipment, and utilities. Kenny’s Restaurant & Bar will also provide a happy hour program to encourage guests to bring their friends.
GolfSuites, a golf entertainment company, is raising funds on Issuance through Reg A+ crowdfunding. The company offers golf entertainment, events, performance, improvement, and fun for golfers through its hybrid concept. The company also hosts events for corporate and social gatherings. Gerald Ellenburg founded GolfSuites in 2018. The current crowdfunding round has no minimum target with a maximum target of $48,750,000. The proceeds will be used for marketing, renovation of existing facilities, constriction and development of Studios, and operational expenses. GolfSuites offers a host of experiences, including real-time game simulation, holistic game improvement, climate-controlled suites, and fun for all ages and skills.
StartEngine, an equity crowdfunding platform, is testing the waters on StartEngine through Reg A+ crowdfunding. The platform allows everyday people to invest in early-stage companies. The company has formed a partnership with Kevin O’Leary, established a wholly-owned broker subsidiary, and gotten its alternative trading platform approved. StartEngine was founded by Howard Marks and Ron Miller in 2014. StartEngine has already been used by companies to raise $300 million, with $147 million raised in 2020 alone, a 236% year-over-year increase. The company generated $5.4 million in revenues in the first six months of 2020, a 188% growth compared to the same period in 2019. StartEngine has also launched an alternative trading system to trade startup investments.
