Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowd Members to click on the links 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.
Cultos is raising funds on Republic. The company has developed a Web3 rewards platform where fans earn rewards for brand loyalty. The platform provides tools for brands to create their own tokens, set up reward systems and convert passive consumers into active nano-influencers. Cultos is built on Polygon with ERC-20 compatibility and has launched with the San Antonio Spurs. Thanasi Karachotzitis, Andrew Yang, and Jeong Park founded Cultos in October 2016. 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 for growth and expansion.
Swell Watercraft, with a valuation of $8 million, is raising funds on Wefunder. The company is revolutionizing kayaking with a first-of-its-kind kayak. Swell Watercraft’s sit-on-top kayak has footwells lowered below the waterline, a patent-pending scupper valve, and a light and indestructible kayak shell. Swell Watercraft is already a cash flow positive business and expects to grow at an annual rate of 70% from 2022 to 2024. Jim Marsh founded Swell Watercraft in October 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for manufacturing its Scupper 16 kayak, rotomolding machines and equipment, operations, sales and marketing, and shipping.
Go LoCo, with a valuation of $11 million, is raising funds on Wefunder. The company has developed local restaurant-owned delivery cooperatives powered by an ordering and delivery platform. Consumers will have an easy-to-use food delivery app while restaurants can keep control over pricing, ordering and customer experience. Go LoCo is a first-to-market, turnkey delivery co-op product. Jon Sewell and Ralph Burleson founded Go LoCo in January 2022. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,070,000. The campaign proceeds will be used for sales, operations and development, co-op first-year support, and general and administrative expenses.
CalTier is raising funds on Rialto Markets. It is a fintech investment platform that allows people to invest in real estate. The fund has already made eight fractional investments with partners, including eight multi-family and student housing assets across five states. CalTier has already made investors returns. Matt Belcher, Parker Smith, and Travis Hook founded CalTier in August 2017. The current crowdfunding campaign has a minimum target of $1,000 and a maximum target of $5,000,000. The campaign proceeds will be used to launch additional real estate portfolio funds, expand the investment platform, expand the market, provide working capital to expand the team, and offer other alternative investment opportunities.
April, with a valuation of $20 million, is raising funds on Wefunder. The company has developed the first content creator platform for real estate. The app is leveraging the transparency of video content and the traction of social media to innovate the process of renting and leasing. The April app uses video content and social media to market real estate in an innovative way that is both personal and relatable. April has more than 25,000 apartment units in its network and plans to expand further in 2022. Sundaresh Mahendra, Benjamin Wallsten, and Mauro Canuto founded April in June 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 team and talent retention, marketing, and operations.
Master Foods Lab, with a valuation of $10 million, is raising funds on StartEngine. The contract manufacturing company makes clean label functional snacks and provides them to brands. Master Foods Lab’s offerings include vegan, keto, gluten-free, low-sugar, and high-protein snacks. Master Foods Lab makes its products using high-quality ingredients so they taste like homemade snacks. The business has grown more than 230% since its launch, from monthly revenues of $20,000 to more than $200,000. Michael Alfaro founded Master Foods Lab in January 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,990. The campaign proceeds will be used to scale and solidify its position in the growing market.
SLO, with a valuation of $3.5 million, is raising funds on Wefunder. The company is leading the slow fashion revolution with functional clothes that last. The business makes and sells functional, high-quality, sustainable, and long-lasting jeans that are made to fit all bodies irrespective of age, size, gender, or background. SLO has more than 10,000 million views on TikTok and has 45,000 people on its waitlist. Kristian Hansen and Elise Namnoum founded SLO in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $300,000. The campaign proceeds will be used for research and development, sourcing and manufacturing, marketing, talent acquisition and retention, and legal expenses.
Iron Mountain Challenge, with a valuation of $8 million, is raising funds on Rialto Markets. The company is working on an innovative and unique fitness concept: the world’s first vertical fitness center. The Iron Mountain Challenge facility includes a 10,000 square-foot fitness center and a 10-story stair climbing tower. The Iron Mountain Challenge facility helps users get a cardio workout and strengthen their lower body. James J. D’Elia founded Iron Mountain Challenge in July 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,069,000. The campaign proceeds will be used to grow the customer base and expand.
Neighborhood Sun, with a valuation of $27.5 million, is raising funds on Wefunder. The Energy-as-a-Service company has developed a community solar technology platform to bring solar power to everyone. Neighborhood Sun’s advanced technology platform, Sun Engine, is customizable, flexible, transparent, accessible, and responsive. Neighborhood Sun has a proven record of success with a 550% growth in kilowatts under management in 2021. Gary Skulnik founded Neighborhood Sun in November 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,000,000. The campaign proceeds will be used to expand into new markets, build out the IT platform, and hire senior management.
Frisco’s Chicken is raising funds on Honeycomb. It is a first-of-its-kind Peruvian-style chicken quick-service restaurant in Lancaster, Pennsylvania. The restaurant offers a signature Peruvian charcoal chicken cooked on charcoal-fired rotisseries and other homemade sides, empanadas, bowls, and desserts. Frisco’s Chicken has a loyal customer base and has won several awards. Francisco Gomez De La Torre and Josh Rinier founded Frisco’s Chicken in March 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $200,000. The campaign proceeds will be used for purchasing equipment, training and setup of logistical systems, and covering build-out costs of a commissary.
Greenwater Marine Sciences Offshore
Greenwater Marine Sciences Offshore, with a valuation of $10 million, is raising funds on Wefunder. The company provides flexible, adaptable, and affordable oceanographic research vessels to the science community. The company’s vessels are low-cost to enable small-budgeted scientists to conduct research at sea. The company is led by an experienced team and aims to have a meaningful impact on climate studies and ocean sciences. G Mark Miller founded Greenwater Marine Sciences Offshore in June 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, vessel loan down payments, paying shore-side positions, and increasing part-time employee hours.
Lunch Payments, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a platform that digitizes offline payments and offers a credit card experience for paper check transactions. It is building the payment infrastructure for the offline economy and combining collections and factoring for businesses dominated by paper check payments. Lunch Payments has onboarded three large vendors and is processing $400,000 in payments monthly. Cullen Gallagher and Jason Friedberg founded Lunch Payments in January 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $107,000. The campaign proceeds will be used for hiring, sales, and operations.
Eden Fresh Network is raising funds on Honeycomb. It is a food hub located in an underserved neighborhood with limited food access. The business aims to promote nutritious, locally sourced food and provide education about access to great food to under-resourced communities and school systems. Eden Fresh Network serves as an online market, distribution center, and education initiative bridging the gap between farmers and consumers. Mark Pawliw and Leah de Rosa founded Eden Fresh Network in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for purchasing a walk-in cooler, an IQF machine, and a freezer, as well as for a delivery vehicle down payment and operating costs.
Jossi’s Kitchen & Shop is raising funds on Honeycomb. It is a new Hispanic bakery in Broadview Heights, Ohio. The bakery makes custom cakes, cupcakes, cookies, and other desserts using locally sourced ingredients. The owner started the bakery in her home kitchen and grew its customer base with creative, delicious, and high-quality desserts. Josette Paz De Rivera founded Jossi’s Kitchen & Shop in November 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for equipment, renovations, inventory, lease and permits, and working capital.
OptioLend, with a valuation of $10 million, is raising funds on StartEngine. It is an online marketplace that matches real estate borrowers with lenders with high accuracy. OptioLend’s AI-driven platform provides a simple and efficient process for borrowers to negotiate ideal loan terms and find the perfect financing based on their needs. OptioLend is already launched and has received loan applications totaling half a billion dollars. Richard Geisenfeld founded OptioLend in March 2019. 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 for growth and expansion.
Replit, with a valuation of $979 million, is raising funds on Wefunder. The company has developed a global and distributed operating system that brings coders together. The end-to-end platform enables users to come in, write their codes, build their applications, build their businesses, learn, and launch with just a few clicks. Replit has more than 10 billion monthly visits and doubled its user base to more than 10 million coders in 2021. Amjad Masad and Haya Odeh founded Replit in April 2016. 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 building out engineering and growth teams.
RINDEV, with a valuation of $16 million, is raising funds on Wefunder. The company makes luxurious and durable off-road vehicles that are high in performance and low on environmental impact. RINDEV’s vehicles are powered by an internal combustion engine, have high torque and high horsepower, and come with luxurious styling. RINDEV is led by a highly experienced team and has partnered with major industry-leading brands. Ari Kronish founded RINDEV in December 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for R&D and prototype build, marketing, and general and administrative costs.
Lectrium, with a valuation of $6 million, is raising funds on Wefunder. The company is working to make every home ready for electric vehicles with its network of certified electricians. The solution also includes automated site inspection, online and offline server accessibility, and digitized payments. Lectrium’s solution saves time and reduces complexity for both homeowners and electricians. Peter Barba and Zygimantas Zabieta founded Lectrium in November 2021. 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 team salaries and general business operations.
Ohiya Network is raising funds on SMBX. The company has developed a fast-paced platform for reliable and secure teleconferencing and voice support. The platform is a unified communication solution that works for business and educational sectors and enables faster interactions and higher productivity. Ohiya Network’s platform is secure, reliable, affordable, and accessible and works for organizations with remote and blended modalities. Claudio Garcia founded Ohiya Network in December 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for R&D, debt refinancing, and working capital.
Sea N’ Soul, with a valuation of $5 million, is raising funds on Fundify. It is a social marketplace for the resale and repurchase of outdoor gear and apparel. The app allows users to buy or sell surfboards, skateboards, backpacks, and more. The aim of Sea N’ Soul is to reduce overconsumption and give back to the Earth. The business earns by charging a 20% transaction fee, while shipping is paid by the buyers. John Kozlowski founded Sea N’ Soul in January 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,000,000. The campaign proceeds will be used for growth and expansion.
NVIS, with a valuation cap of $8 million, is testing the waters on Fundify. The company is creating a revolutionary “invisible internet” by using decentralized authentication. The system allows businesses to create a global network of interconnected communities with decentralized management. NVIS’ network is secure and private and has zero configuration and a one-step connection. Phil Smith and Marilyn Hernandez founded NVIS in May 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used to grow and expand the network.
Duo Marketplace is raising funds on SMBX. The company serves as the link between upcoming food brands and consumers at local retail stores. The food brands sign for a monthly subscription and contact the buyers to introduce their new products and see if they fit their customer base. Duo Marketplace helps brands understand individual stores and smaller chains and improve their relationships. In addition, the business plans to launch its Duo Sample Station, the world’s first automated brand ambassador. Fred Larkins and Michael White founded Duo Marketplace in March 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The campaign proceeds will be used for app development, marketing, and supplies.
Terra.do, with a valuation of $25 million, is raising funds on Wefunder. The company is developing the world’s first platform for working in the climate industry. The platform will function like LinkedIn for current employees, employers and prospective employees looking to work in climate. Terra.do started as a cohort-based learning experience, created a massive community flywheel, and is now working toward employment in climate through job fairs. Terra.do has launched more than 12 climate programs and run several job fairs. Anshuman Bapna founded Terra.do in April 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $700,000. The campaign proceeds will be used for paid marketing, business operations, and setting up a climate venture studio.
Accrew, with a valuation of $1.25 million, is raising funds on Wefunder. It is a profit-sharing and member-owned mobile bank. The platform has several innovative and useful features, including crypto-equity rewards, transfers between accounts, and charity features. It is based on decentralized finance and blockchain and plans to reach 5,000 users after the first year. AJ Montgomery founded Accrew in September 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $150,000. The campaign proceeds will be used for platform development, setting up the bank sponsorship and payment processor, and building the app with LoadSys.
Big Wheelbarrow, with a valuation of $10 million, is raising funds on Wefunder. The company has developed supply chain software for the grocers to buy from local farms. Its solution automates the manual business processes and enables direct store delivery for producers, wholesalers, and retailers. Big Wheelbarrow has already conducted local food transactions worth $6.7 million and has a strong pipeline for 2022. Sam Eder founded Big Wheelbarrow in September 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for sales and marketing, product development, hiring a product manager, and setting up an office in Buffalo.
Deepr, with a valuation of $10 million, is raising funds on Wefunder. It is a music discovery platform for artists, creators, and brands. The platform enables quick and in-depth discovery and personalized curation of music in real time, amplifying the connection between artists, creators and music listeners. Austin Webster and Darrell Thompson founded Deepr in January 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for technical infrastructure and maintenance, sales and marketing, product development and innovation, and administrative costs.
Scaeva Technologies, with a valuation of $23.2 million, is raising funds on StartEngine. The company is democratizing the audio content creation process with its patented sound technology. Scaeva’s technology transforms traditional sound into pro-grade spatial audio and creates immersive virtual experiences. Scaeva Technologies has eight patent filings and is demonstrating a second-generation platform to prospective commercial partners. Steven E. Curd and Wendy Curd founded Scaeva Technologies in May 2018. 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 for growth and expansion.
