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.
Delee, with a valuation of $22 million, is raising funds on Republic. The company has created a device, CytoCatch, for the early detection of circulating tumor cells in the bloodstream. The device also assists in the personalization and optimization of cancer treatment for patients. Thus, CytoCatch helps to increase the chances of curing cancer and survival. Delee already has a fully functional technology that is being tested for prostate cancer and breast cancer and will start its research use-only sales by the fourth quarter of 2022. Liza Velarde, Juan Felipe Yee, and Alejandro Abarca founded Delee in November 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4,000,000. The campaign proceeds will be used for the completion of clinical studies, the establishment of multiple collaborations, and commercial launch of the technology.
Jetoptera, with a valuation of $135 million, is raising funds on Wefunder. The company has multiple unique patents, including its fluidic propulsive system, which can be combined to create a simpler, faster, quieter, and more compact aircraft. The unique propulsion system of Jetoptera is engineered for short and vertical takeoff and landing applications. Jetoptera has been awarded 53 patents and has five contracts awarded from the US Air Force and US Army. Andrei Evulet and Denis Dancanet founded Jetoptera in June 2015. The current crowdfunding campaign has a minimum target of $9,993.06 and a maximum target of $2,999,987.76. The campaign proceeds will be used to deploy and sell FPS-enabled military unmanned aircraft and build a prototype of manned-flight FPS-enabled craft.
StarchTek, with a valuation of $10.6 million, is raising funds on StartEngine. The company is developing an innovative starch-based manufacturing licensing solution as an alternative to Styrofoam. The business is in the prototyping stage and intends to use its sustainable, patented formulations, extrusion process, and proprietary equipment to replace plastics with biomaterials. StarchTek’s StarchaFoam aims to protect packaging along with protecting the environment. John Danny Dubuk founded StarchTek in October 2020. 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.
MadeInUSA.com is testing the waters on Fundify. It is an e-commerce marketplace for products made in America. The platform will serve consumer, industrial, and government buyers and will be integrated with social media to generate multiple revenue streams. MadeInUSA.com already has more than 5,000 vendors lined up prior to launch for offering their products on the platform. The business will generate revenues through membership fee, gross product sales, vendor referral, payment processing fee, and sales taxes. Don Buckner founded MadeInUSA.com in July 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 to launch the platform.
SKD Publishing, with a valuation of $5 million, is testing the waters on Fundify. It is a publishing company dedicated to publishing books that shed light on purposeful movements. The aim of the business is to amplify the impactful messages of writers who want to bring a change through their books. SKD Publishing’s goal is to publish fiction and non-fiction books that explore stories on social and world issues. Oluwaseyi Kikiowo founded SKD Publishing in September 2021. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, increasing book sales, and increasing revenues.
Hearo, with a valuation of $25 million, is raising funds on Republic. It is a new platform to watch and enjoy media together. The platform allows users to watch YouTube videos and e-sports together and talk about it. Hearo is making watching media a multiplayer activity, with more than 1 million people already using it as their virtual living room. Ned Lerner and Dwight Kwok founded Hearo in January 2015. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used to launch Hearo Hubs and Super Hearo, begin monetization, and continue growth.
Frequency Machine, with a valuation of $20 million, is raising funds on Republic. The company has developed the CERCA travel app to provide podcast guides and personal travel advice from local experts. CERCA Podcasts and CERCA Concierge together function as a friend to ask travel questions wherever users are in the world. Frequency Machine is led by an experienced team and has partnered with Audible, Vox Media, Headspace, and Jodie Foster. Stacey Book, Avi Glijansky, and Dominique Ferrari founded Frequency Machine in March 2018. 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 operations and app development, podcast production, and content design.
Irie Diner is raising funds on Honeycomb. It is a full-service casual dining restaurant in Orange Park, Florida. The restaurant’s menu reflects the Caribbean diaspora and includes dishes with bold Caribbean flavors. It also serves beer, draft beer, an assortment of wines, and wine-based cocktails. Irie Diner is supported by local businesses and has customers of all ages, professions, and walks of life. The business’s revenue is on track to grow by 27% year-over-year in 2022. Peter Jackson founded Irie Diner in January 2017. 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 front patio construction, marketing, dining room improvements, hiring, and debt refinancing.
Steeped Coffee, with a valuation of $33 million, is raising funds on Republic. The company makes specialty coffee that is brewed like tea in a single-serve bag. The single-serve bags of Steeped Coffee do not require any machine for brewing and come in compostable and sustainable packaging. Steeped Coffee is barista-approved and has partnered with more than 400 top coffee brand partners. Josh Wilbur founded Steeped Coffee 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 for growth and expansion.
Drink LMNT, with a valuation of $200 million, is raising funds on Republic. The company makes hydration drinks using sugar-free electrolytes. The products of Drink LMNT are science-backed, high on salt, and low on sugar to provide adequate functional and hydration benefits. Drink LMNT has been profitable since year one and is on a $50 million revenue run-rate as of Q1 2022. James Murphy and Robb Wolf founded Drink LMNT in December 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $4,000,000. The campaign proceeds will be used for growth and expansion.
We’reDough is raising funds on MainVest. The bakery is located in Flint, Michigan, and offers edible cookie dough made using heat-treated flour and pasteurized eggs. It offers more than 20 unique cookie flavors, hand-dipped ice cream, pastries, and cakes. The business moved to its new location at the beginning of 2022 and plans to add baking classes as another revenue stream. Jessica McGuire founded We’reDough in October 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $30,000. The campaign proceeds will be used to purchase new equipment to offer baking classes in the brick-and-mortar location.
Studly Brewing Company is raising funds on MainVest. It is an upcoming craft brewery in Chesapeake, VA, with a focus on light-hearted fun, family and friends, and sports. The brewery has created its brand identity, secured permits, and plans to open soon. Studly Brewing Company has already won a Platinum Crushie Award in the Best Brand Identity – Logo Typography category. Blake Edmunds founded Studly Brewing Company in September 2021. The current crowdfunding campaign has a minimum target of $70,000 and a maximum target of $200,000. The campaign proceeds will be used to purchase new equipment to finish buildout and purchase small brewery equipment.
Hercules Mulligan, with a valuation of $15 million, is raising funds on StartEngine. The company makes ready-to-drink cocktails using high-quality spirits. The cocktail is a blend of three rums, three rye whiskies, fresh organic ginger, and tailor-made bitters. Hercules Mulligan allows consumers to enjoy a first-class bar-grade cocktail at home with no inconvenience. The cocktail is available at more than 270 accounts in three markets and has grown its sales by 107% year-over-year. Steve Luttmann founded Hercules Mulligan in August 2019. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $1,000,009.36. The campaign proceeds will be used for product innovation, growth, and expansion.
Happy Cows Group Share is raising funds on Honeycomb. It is a local bulk grocery business in Seven Hills, Ohio. The business purchases locally-raised meat in large bulk and offers it to local customers in small, affordable, and manageable shares at a bulk price. Happy Cows Group Share also offers retail cuts and a variety of locally-made food products and local produce. The company also offers customization of shares and delivery as well as online ordering. Diana Siemer founded Happy Cows Group Share in January 2016. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $75,000. The campaign proceeds will be used for inventory invoices, refrigeration, larger space, new freezer, marketing, and delivery truck down payment.
TrialSite News, with a valuation of $11.8 million, is raising funds on PicMii. The company provides unbiased, objective, and independent media and analysis to medical research. The business publishes complex medical research for its subscribers, including physicians, healthcare professionals, patients, and investors. TrialSite News is a social and media network dedicated to medical research. The business is expected to reach 10,000 subscribers and $500,000 to $1 million in revenue by the end of 2022. Daniel O’Conner founded TrialSite News in April 2021. The current crowdfunding campaign has a minimum target of $50,001 and a maximum target of $249,998.70. The campaign proceeds will be used to add more subscribers and generate more revenues.
SOMOS, with a valuation of $20 million, is raising funds on Republic. The company is building the largest decentralized Pan-American biobank to accelerate drug discovery. The biobank, called Familia, is being built through unique datasets and ancestral DNA sequencing. The data bank of underrepresented groups, including Latinos, Hispanics, and Native Americans, will help improve clinical research, improve prediction capacity for disease risk scores, and provide improved DNA services to minorities. Christian Rodriguez and Federico von Son de Fernex founded SOMOS in July 2020. 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 add more users, collect more blood samples, and increase revenue.
SpiritHoods, with a valuation of $15 million, is raising funds on StartEngine. The company makes bold animal-inspired apparel and home goods. The products of SpiritHoods challenge fashion norms and give people exciting new choices to add to their personal style. All the products are made using faux fur and contribute to supporting endangered animal species. SpiritHoods has a loyal customer base of more than 225,000 and has generated $36 million in lifetime revenues. Latif Chase Hamilton and Marley Marotta founded SpiritHoods in March 2022. 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 products, partners, customers, and revenue streams.
ALL3D, with a valuation of $15 million, is raising funds on Republic. It is a business-to-business software company involved in the virtualization of retail. The business creates virtual products and storefronts and shortens the design-to-sale cycle of products from months to days. ALL3D software allows the products to be designed, created, tested, customized, and photographed in 3D even before they are manufactured. ALL3D’s current customers include leading retailers like Home Depot, and it has signed $1.4 million in revenue contracts. Amra Tareen, Murad Akhter, and Ashley Redmond founded ALL3D in March 2020. 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 increase marketing efforts, hire a sales team, continue product development, and increase revenue.
Flower City Union, with a valuation of $2.5 million, is raising funds on Wefunder. It is a professional soccer club for the community and is rooted in the city of Rochester. The professional club is committed to impacting the city positively by fielding a champion-caliber club and supporting the development of youth soccer. The investors or fan owners in Flower City Union will have representation in the governance of the club and receive benefits and special access at every level. James Paola founded Flower City Union in September 2021. 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 player and coach salaries, team travel, NISA dues to launch the club, and general administrative expenses.
Red’s House is raising funds on MainVest. The restaurant offers a Caribbean experience in San Francisco, California. It creates dishes through experimentation and displays creativity and depth to push the boundaries of Caribbean food. The modern Caribbean eatery has turned from popups into a full-fledged business model. Christopher Russell and Sharon Russell founded Red’s House in September 2019. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $200,000. The campaign proceeds will be used to renovate the space, purchase equipment, and hire staff.
Acquire Invest, with a valuation of $15 million, is raising funds on Wefunder. The company has developed an app that empowers investors to access tradable, blockchain-powered, and securitized private placement investments, funds, and DAOs. The Acquire Invest app takes high-value investments across private placement asset classes and tokenizes them into smart shares to offer them as equity, debt, or cash flow deals to users of all income levels. Brian Harstine founded Acquire Invest in March 2019. The current crowdfunding campaign has a minimum target of $150,000 and a maximum target of $1,070,000. The campaign proceeds will be used for beta app development, asset onboarding and development, marketing, and payroll.
BrainLeap Technologies, with a valuation of $5.02 million, is raising funds on Netcapital. The company has developed video games to train attention skills in children. The suite of video games, The Attention Arcade, consists of specially designed video games that are controlled using only the eyes. The process of controlling video games with eyes helps train attention skills in kids. BrainLeap Technologies is led by neuroscientists, and the games were developed and tested at UC San Diego. Jeff Coleman, Leanne Chukoskie, and Jeanne Townsend founded BrainLeap Technologies in June 2019. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $501,600. The campaign proceeds will be used for compensation, podcast management, social media outsourcing, conferences, and general and administrative expenses.
Potion Adaptogenic Brews, with a valuation of $5 million, is raising funds on StartEngine. The company makes superfood beverages using mushrooms and other 100% organic ingredients. The beverages come in a blend of fruit and botanical flavors and are served in eco-friendly glass bottles. Potion Adaptogenic Brews beverages come in iconic refreshing flavors and contain a high amount of adaptogens. Nick Williams, Becca Hensley, and Carl Williams founded Potion Adaptogenic Brews in March 2022. 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.
Mullybox, with a valuation of $10 million, is raising funds on Republic. The company makes and sells golf gear and delivers them conveniently through subscription products. The business delivers a tailored experience to golfers and makes shopping for golf gear painless. Mullybox comes as a curated subscription box delivered monthly or quarterly and includes golf balls, training aids, tees, equipment, apparel, and accessories. The business generated more than $1 million in revenue in 2021 with two times year-over-year revenue growth. Andrew Thomas Amato founded Mullybox in May 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 growth, product development, marketing, hiring, and working capital.
Jackie, with a valuation of $4.5 million, is raising funds on MicroVentures. The company provides personalized, premium, and stylish fashion subscription boxes to its clients. The business pairs a personal stylist with each client, builds trust, and takes a personal approach to service curation. Jackie’s revenue reached $518,750 in 2021, nearly double from 2020, and is expected to grow further in 2022. Amber Duncan founded Jackie in May 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $750,000. The campaign proceeds will be used for marketing and advertising, merchandise, personnel, and platform enhancements.
Hylete, with a valuation of $27.4 million, is raising funds on StartEngine. The training lifestyle brand has an extensive line of men and women apparel, gear, and footwear, with flagship products like Iris Short, Helix Short, and Circuit Shoe. The products of Hylete aim at the comfort and complete well-being of the community. Hylete has generated lifetime revenues of more than $73 million since its launch, with $9.8 million in 2021. Ronald Wilson and Matthew Paulson founded Hylete in 2012. The current crowdfunding campaign has a minimum target of $9,999.78 and a maximum target of $1,699,999.72. The campaign proceeds will be used for growth and expansion.
Future Acres is raising funds through Regulation A crowdfunding with Dalmore Group as the broker dealer. The company is developing an autonomous farm tool called Carry. Carry finds rows, goes to pickers, waits for the crop to be loaded, and transports the load from the rows to their destination. The aim of Future Acres is to build autonomous robotic solutions for the production of specialty crops. Suma Reddy founded Future Acres in 2017. The current crowdfunding campaign has a maximum target of $5,000,000. The campaign proceeds will be used for product development, personnel, and general overhead.
