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.
CTXMarket, with a pre-money valuation of $6.1 million, is raising crowdfunding on TruCrowd. The company has developed an e-commerce platform for Central Texas to unify independent businesses and create a single destination for online shoppers. The platform has numerous listings from hundreds of local businesses. Davis Jones and Patton Jones founded CTXMarket in June 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $249,000, and the funds will be used to generate brand awareness and to hire and retain staff. CTXMarket gives the members free access to owners-only events around Central Texas and opportunities to claim passes for concerts, food festivals, and other events.
Lovebird Donuts, an upcoming bakery in Portsmouth, NH, is raising funds on MainVest. The business already has a location at Kittery, Maine, and is looking to open its second location. The bakery makes delicious donuts from scratch using simple, high-quality, and 100% plant-based ingredients. Tamara Monroe and Ryan MacDougall founded Lovebird Donuts in April 2021. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $100,000, will be used to open the second shop. Lovebird Donuts bakes vegan donuts and has a large customer base at its current location. The business is focused on exceptional guest experience and has wholesale accounts from Rye, NH, to Portland, ME.
mytaptrack, with a pre-money valuation of $5.8 million, is raising crowdfunding on NetCapital. The company has developed a platform to track behavior challenges and medical side effects in the classrooms when they occur. Real-time reporting helps in immediate response to any changes or challenges. Nikody Keating, David Kirschenbaum, and Jenny Klein-Sosa founded mytaptrack in May 2018. The current round of crowdfunding has a minimum target of $10,004 and a maximum target of $249,999. The proceeds will be used towards marketing, employee compensation, IT infrastructure and security, and legal expenses. mytaptrack was the winner of EdTech Breakthrough in 2020 and received honorable mentions in Fast Company’s 2020 World-Changing Ideas Awards.
Local Roots Kombucha, with a pre-money valuation of $42.4 million, is raising funds on StartEngine. The business makes bold hard kombucha which pushes the boundaries for the next-gen, better-for-you alcohol. The hard kombucha of Local Roots Kombucha is all-organic, plant-based, functional, and great tasting. Joe Carmichael and Ryan White founded Local Roots Kombucha in January 2017. The proceeds of the current crowdfunding round, with a minimum raise of $9,999 and a maximum raise of $1,069,999, will be used for marketing, innovation, and expansion. Local Roots Kombucha has grown by 284% during the COVID-19 pandemic.
The Farmer’s Cow Calfe & Creamery
The Farmer’s Cow Calfe & Creamery, with a $5 million valuation cap, is raising funds on Wefunder. The food business works both as a restaurant and a home delivery service. The outdoor dining serves local ice cream and light fare, while the home delivery service offers weekly grocery delivery of eggs, meat, milk, and other fresh produce. Karlin Linhardt founded The Farmer’s Cow Calfe & Creamery in July 2019. The proceeds of the current crowdfunding raise, with a minimum goal of $50,000 and a maximum goal of $1,000,000, will be used towards franchise development, the opening of new locations, and management infrastructure development. The Farmer’s Cow Calfe & Creamery reported a 216% growth in sales from April to August 2020 and projects to increase sales by 38% and profits by 20% in 2021.
Saucy Brew Works, with a pre-money valuation of $113 million, is raising funds on StartEngine. The production brewery and brewpub focuses on high-quality products, including imaginative beer and food. The beers and brewpubs of Saucy Brew Works provide consistent quality and experience and have won several awards. Saucy Brew Works was founded by Eric Anderson and Brent Zimmerman in June 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,974,551, and the funds will be used to expand and open new pubs and a production facility. Saucy Brew Works is led by a passionate and experienced team and is one of the best breweries in Northeast Ohio.
Kickit, with a valuation cap of $5 million, is raising crowdfunding on Wefunder. The hybrid sports company is soccer-oriented and offers a single-player soccer juggling tool, The Kickit Pro. The company stands out as it serves individuals and not just multi-player teams. Eli Dent founded Kickit in November 2016. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $750,000, will be used towards an additional sales team to expand distribution, additional accounting support, marketing and advertising, debt reduction, and hosting tournaments. Kickit reported an eleven times growth in revenue from 2018 to 2020, with players like David Beckham endorsing the concept.
Katch, with a pre-money valuation of $10.1 million, is raising funds on NetCapital. The business combines data science, technology, and entertainment industry experience to understand audience taste and curate impactful content accordingly. The company has used its Katch Media Genome to build a series of Media Market Indexing products. Andrew Tight founded Katch in May 2018. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $249,400. The raise proceeds will target sales and marketing, research and development, and product development. Katch helps the users by letting them understand their content, know their audience, and enhance their UX.
Natral, with a $6 million valuation cap, is raising funds on StartEngine. The company makes truly natural protein powder using beetles. Beetles are the world’s most natural and sustainable source of protein and are used to create protein powders three times more sustainable than plant protein and six times more sustainable than whey. Lucas Wright and Eli Fouch founded Natral in January 2020. The current crowdfunding campaign of the company has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used for growth and expansion. Natral has filed several patents and is backed by leading food companies. The company already sells Natral in 28 states and plans to expand to 50 states in five years.
Live Music Tutor, with a pre-money valuation of $36.3 million, is raising crowdfunding on StartEngine. The company has developed a platform for users to learn any instrument online, at any age, any time, and anywhere. The platform connects students, instructors, and music enthusiasts from across the world. Ted Gee founded Live Music Tutor in July 2011. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to revolutionize music education. Live Music Tutor is led by a proven leadership team and works on safe, convenient, and affordable technology.
Glow Worm Play Cafe, an upcoming play cafe in Louisville, KY, is raising funds on MainVest. The business will combine indoor play, cafe, bakery, retail, and community classes and events. The play cafe will cater to children under the age of six and help them let loose with their caregivers. The cafe, bakery, and community classes will be open not just to parents but to everyone. Katie Read founded Glow Worm Play Cafe in April 2021. The proceeds of the current crowdfunding round, with a minimum goal of $20,000 and a maximum goal of $75,000, will be used for space buildout and operating capital. Glow Worm Play Cafe will offer unique services to women with young children, allowing them to eat and shop with their kids in the play cafe.
Rayyan Systems, an AI-based tool company, is raising crowdfunding on Wefunder. The company has developed an artificial intelligence-powered tool that assists in systematic literature review and speeds up the extraction of relevant information from scientific material. As a result, the tool accelerates scientific discovery. Robert Ayan founded Rayyan Systems in December 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards product development, operations, building strategic partnerships, and sales and marketing. Rayyan Systems is already being used by more than 110,000 researchers across 180 countries to conduct research. The tool has been used to review, extract, and analyze data from more than 200 million research articles.
Maybe, with a $10 million valuation cap, is raising funds on Republic. The company has developed a modern financial planning platform that makes financial planning and wealth management tools accessible to everyone. The platform helps people in setting financial goals, achieving them, and reaching financial independence. Josh Pigford founded Maybe in March 2021. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used to develop the platform fully. Maybe is currently in a pre-revenue phase and aims to work on a monthly or annual SaaS fees business model. Currently, the platform has a few free financial tools launching in the coming weeks.
Furry Fortune The Movie, with a pre-money valuation of $1.65 million, is raising funds on Wefunder. It is a family-friendly movie about a dog who sheds money. Furry Fortune The Movie is filled with action, drama, and comedy and comes with a sensitive message. Furry Fortune The Movie is produced by Brad Wilson and Casey Bond, directed by Justin Ward, and composed by Steve Dorff. The current round of crowdfunding of the film has a minimum raise of $50,000 and a maximum raise of $400,000, and the proceeds will be used towards operations and marketing. Furry Fortune The Movie is led by an award-winning team of filmmakers and is bringing a great story to life.
Arc, with a valuation cap of $40 million, is raising crowdfunding on Wefunder. The company has developed a remote career platform for developers. The developers can use the platform to search for remote jobs worldwide and get connected with the hiring companies. Weiting Liu founded Arc in July 2013. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $5,000,000, will be used towards expanding the product team, expanding the sales and recruiting team, and other strategic initiatives. Arc already has more than 750,000 developers in its network and is generating a $3.8 million revenue run rate. The new remote recruiting business of the company is growing at 470% year-over-year.
Tasty Acres Microgreens, an upcoming food-growing business in Bonners Ferry, ID, is raising funds on MainVest. The business aims to grow large quantities of food with a minimal footprint. The business model will use space and resources efficiently to produce nutrient-rich food. Daniel Miller founded Tasty Acres Microgreens in May 2021. The current crowdfunding round has a minimum goal of $15,000 and a maximum goal of $60,000. The funds will be used towards rent for space, cold storage, utilities, microgreens setup, renovations, watering system, labeling, scales, marketing, seeds, packaging, and POS equipment. Tasty Acres Microgreens aims to sell its produce through multiple channels, including restaurants, retail grocery outlets, direct sales, and farmers’ markets.
Modal Living, with a valuation cap of $12.5 million, is raising funds on SeedInvest. The company designs, builds, and installs modern and modular backyard homes and offices. The backyard homes and offices help owners maximize space and create more passive income. Colin Jube and Dallin Jolley founded Modal Living in January 2019. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000. The funds will be used for sales and marketing, new product development, pilot programs, and working capital. Modal Living has sold more than 50 units, equating to more than $5 million in sales. The revenue of the company reported a 1,325% year-over-year growth from 2019 to 2020.
Axle.ai, with a $9 million valuation cap, is raising funds on Republic. It is a video software company that helps media teams manage, transcribe, and search their video content remotely. The platform uses machine learning technology and software development tools and has been used by teams across sports, political, church, corporate, and educational markets. Axle.ai was founded by Patrice Gouttebel, Sam Bogoch, and Katy Scott in July 2018. The current crowdfunding round of the company has a minimum goal of $25,000 and a maximum goal of $428,000. Axle.ai has more than 700 paid customers, including Paramount, NY Yankees, and NBCU, and reported sales of $667,000 in 2020.
American Provenance, with a valuation cap of $4.8 million, is raising crowdfunding on Republic. The company makes safe, effective, and all-natural men’s grooming products, including deodorants and skin care applications. The products are made using simple ingredients that work with the body, not against it. Kyle LaFond founded American Provenance in May 2018. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to continue to build a brand reputation and launch new scents and product lines. American Provenance products sell at more than 4,000 stores and have generated $3 million in lifetime revenues. The business generated $769,000 in revenue in 2019 and projects to generate more than $1 million in 2021.
Sugarfina, a candy brand for grown-ups, is raising funds on Republic. The company has redefined the confectionery market with its comprehensive line of luxury sweets for everyone. The products are focused on luxury, playfulness, and innovation, in addition to deliciousness. Scott LaPorta founded Sugarfina in 2019. The current round of funding has a minimum target of $25,000 and a maximum target of $5,000,000. The proceeds will be used for expansion onto Amazon USA and Rakuten Japan, opening retail stores in strategic locations, and ramping up distribution. Sugarfina is an iconic brand with more than 470,000 e-commerce customers. The business generated more than $25 million in revenue in 2020 through its 25 boutiques, more than 2,000 wholesale partners, and more than 1,300 corporate and event clients.
Laundry On Demand, laundry service in Lakewood Village, TX, is raising funds on SMBX. The business picks up laundry and delivers it, clean, fresh, and folded, the same day. The company uses a peer-to-peer mobile app to connect busy parents and professionals seeking efficient laundry services. James Chandler founded Laundry On Demand in May 2012. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $75,000, and the funds will be used to scale up and invest in advertising and supplies. Laundry On Demand has more than 1,000 customers and solves the pick and drop inconvenience for people with busy schedules.
Tilton Brothers Brewing, a brewery in Hampton, NH, is raising crowdfunding on MainVest. The brewery sells excellent craft beer, including Pale Ale, American IPA, Double IPA, Mango Sour Ale, and Belgian Witbier. The food offerings include local pulled pork, local house burger blend, and local haddock. Joseph Chase, Ben Tilton, and Dave Tilton founded Tilton Brothers Brewing in 2017. The proceeds of the current crowdfunding round, with a minimum target of $75,000 and a maximum target of $150,000, will be used for the glycol system upgrade, new 7bbl FVs, new brewhouse system, and working capital. Tilton Brothers Brewing opened in March 2019 and acquired a canning line in November 2020. The company now plans to expand the business.
Golden Coast Mead, with a pre-money valuation of $7 million, is raising funds on StartEngine. The company makes honey-based meads and plans to enter the hard seltzer market with its Hard Honey Seltzer. The mead of Golden Coast Mead captures the essence of thousands of flowers in every sip of every can. Frank Golbeck and Praveen Ramineni founded Golden Coast Mead in April 2021. The current crowdfunding round has a minimum target of $9,999 and a maximum target of $1,069,998, and the funds will be used for growth and expansion. Golden Coast Mead has sold more than $2.2 million of mead since its founding. The business also has a commitment to regenerative farming and pollinator protection.
ALFADAN, with a valuation of $32.6 million, is raising crowdfunding on StartEngine through Regulation A+ crowdfunding. The company is redefining the outboard engine through its marine-specific design. The proprietary design of ALFADAN creates engines with 50% more horsepower, 50% less moving parts, and less weight compared to the traditional engines. ALFADAN was founded by Alberto Araujo in 2017. The current round of crowdfunding has no minimum target and a maximum target of $6,775,000, and the funds will be used for research and development and working capital. ALFADAN is led by an experienced team creating a paradigm-shifting product. The ALFADAN engines have better performance, low cost, and less fuel consumption compared to the old designs.
GRIT BXNG AT Home, with a valuation of $20 million, is raising funds on Republic through Regulation A+ crowdfunding. It is a group fitness studio that offers its signature workouts, high-intensity group fitness classes, with boxing at the core of the regimen. The business is now launching GRIT EPIQ to create an unbelievable and complete workout at home and develop a social fitness community. GRIT BXNG At Home was founded by Bill Zanker, Ediva Zanker, and Dylan Zanker in 2020. The proceeds of the current crowdfunding round, with no minimum target and a maximum target of $10,000,000, will be used for growth and expansion. GRIT BXNG At Home has investments from Pitbull, Tim Draper, and Tony Robbins. GRIT EPIQ is designed by Eric Villency, the designer behind the Peloton Bike.
