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.
Voghera Apericena, an upcoming restaurant in Denver, CO, is raising funds on MainVest. The restaurant aims to offer an intimate and authentic Italian dining experience to its clients. It is based on the informal concept of socializing using food and drinks as the medium. Marco Albertin founded Voghera Apericena in March 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 towards operating capital. Voghera Apericena will be located in the Berkeley neighborhood, which is highly attractive for demographics ranging from families to young professionals to empty nesters.
CPRWrap, with a pre-money valuation of $3 million, is raising crowdfunding on StartEngine. The company has created a CPR tool using latex-free medical-grade plastic. The product works as a CPR mask and guides the rescuer with its visual prompts for the four-step CPR process. Felicia Jackson founded CPRWrap in January 2019. The current crowdfunding campaign has a minimum raise of $9,998.76 and a maximum raise of $1,069,995.36. The funds will be used for the production of the bilingual English/Spanish and English/French CPR kits. CPRWrap is unique as it helps non-trained and non-medical responders through its non-technical and easy-to-use protective guide.
Exo-Space, with a valuation cap of $7.5 million, is raising funds on Spaced Ventures. The company builds add-on AI capabilities for Earth Observing Satellites. The hardware device built by Exo-Space, FeatherEdge, connects to the satellites and runs raw image data through machine vision algorithms. Jeremy Allam, Marcel Lariviere, and Mark Lorden founded Exo-Space in January 2020. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used towards software development, product manufacturing, company operations, and working capital. Exo-Space has three LOIs for a total of 45 units and projected revenue of $4.5 million over the next 18 months.
Espre Technologies, with a pre-money valuation of $32.1 million, is raising crowdfunding on StartEngine. The company has developed the NvisiLink family of chipsets and sensors that bridge the gap between wireless connections and data protection. John Terry founded Espre Technologies in July 2018. The current crowdfunding round has a minimum goal of $9,999 and a maximum goal of $1,069,999.50, and the funds will be used for growth and expansion. Espre Technologies has both private and public support with millions of dollars in funding from the US government. It also has partners in Silicon Valley that are helping the company design chips that will help drive the IoT market.
FoodsPass, with a pre-money valuation of $12.5 million, is raising funds on StartEngine. The company helps customers get the best deals on food with its payment card and savings club for food. It is addressing the broken food supply model by connecting communities to affordable food and advocating for a sustainable supply chain. Travis Siflinger founded FoodsPass in April 2021. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.72 and a maximum raise of $1,069,999.59, will be used for marketing, market testing, launching the MVP, PR launch, and market expansion. FoodsPass has a waitlist of 5,000 and has signed marketing agreements with popular food and beverage brands.
Pip & Lola’s, a handmade soap company in Pennsylvania, is raising crowdfunding on Honeycomb. The company makes barely-scented vegan and vegetarian soaps using natural plant and vegetable oils, botanicals, and natural essential oils. Samantha Story-Camp and Bruce Story-Camp founded Pip & Lola’s in 2011. The proceeds of the current crowdfunding campaign, with a minimum target of $30,000 and a maximum target of $100,000, will be used towards the opening of the third location, equipment, inventory, rent, signage, marketing, and working capital. Pip & Lola’s has high demand and was voted Best Beauty Supply Store by Pittsburgh Magazine. The company also works for community by donating one bar of soap for every two items sold per month.
Chow420, with a pre-money valuation of $17.1 million, is raising funds on StartEngine. The company is a one-stop shop for cannabis products and provides automated dispensaries and an online marketplace for cannabis-related products. Using Chow420, customers can shop, learn, and review the CBD products they like 24 hours a day. Chow420 was founded by Zach and David Obasiolu in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $3,930,147.20, and the proceeds will be used for growth and expansion. Chow420 has the first-mover advantage and a strategic market position. It has zero-contact automated dispensaries and has multi-store deals with SIMON malls and PREIT malls in four states.
Colorado Sake, with a pre-money valuation of $12 million, is raising funds on StartEngine. It is a sake brewery and tasting room that offers varieties of local and premium sakes. The sake brewed by Colorado Sake is clean, unpasteurized, undiluted, and delicious. William Stuart founded Colorado Sake in 2016. The current crowdfunding round of the company has a minimum target of $10,000 and a maximum target of $1,070,000. The raise proceeds will target national distribution, expansion of the warehouse, and increase in production levels. Colorado Sake has already expanded its facility from 500 square feet to 15,000 square feet and distributes all across the state of Colorado. The business has experienced exponential growth and has a profit margin of 80%.
Toast! Supplements, with a $5 million valuation cap, is raising crowdfunding on MicroVentures. The company makes tasty and appealing gummy supplements that support the liver, improve sleep quality, and provide immune support. The business manufactures its supplements in partnership with a quality American candy maker and has an ingredient supply relationship with another company. Sean O’Neill founded Toast! Supplements in 2017 and has raised $220,000 in previous rounds of financing. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for manufacturing, marketing, content creation and design, debt repayment, research and development, equipment purchases, and working capital. Toast! Supplements reported $64,000 in revenue in the fourth quarter of 2020 and $19,000 in the first quarter of 2021, with gross margins of more than 70%.
Hana Makgeolli, with a pre-money valuation of $3 million, is raising funds on Wefunder. The brewery makes artisanal Korean rice wines at Greenpoint in Brooklyn. The business uses high-quality organic ingredients and traditional brewing methodologies to make natural wines. Alice Jun founded Hana Makgeolli in November 2017. The proceeds of the current crowdfunding round, with a minimum raise of $51,000 and a maximum raise of $200,010, will be used towards taproom equipment and furnishing, production equipment, gross margin improvement, and working capital. Hana Makgeolli has demonstrated strong demand and sales since its launch in September 2020. The business generated $80,000 in its first month, operating at 60% capacity.
Supercharge Lab, with a valuation cap of $6.25 million, is raising crowdfunding on Republic. The company uses psychological profiling, powered by AI and NLP, to create powerful outcomes for sales and marketing strategies. The technology creates humanistic approaches to automation. Anne Cheng founded Supercharge Lab in April 2021. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used for building, launching, and market expansion. Supercharge Lab has more than 100 clients and has generated more than $80 million worth of sales on their behalf. The business has $15,000 to $20,000 MRR as of May 2021 and a 75% customer renewal rate.
J. Johnson & Company, a food business incubator, is raising funds on Localstake. The business provides ghost kitchens and food incubator spaces for food entrepreneurs. The company supports the underserved in starting their businesses through affordable solutions in terms of space, time, and expense. Jason T Johnson founded J. Johnson & Company in March 2019. The proceeds of the current crowdfunding round, with a minimum target of $67,000 and a maximum target of $200,000, will be used towards hiring, equipment purchase, and buildout. J. Johnson & Company’s first location was profitable within three months and grew 12% month-over-month from December 2020 to April 2021.
Durango Gold, with a pre-money valuation of $17.4 million, is raising crowdfunding on Equifund CFP. The mining and exploration company is looking for the next big gold and silver deposits in the Sierra Madre. The area already has proven gold in the ground and five mines nearby. Fernando Berdegue founded Durango Gold in November 2020. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $5,000,000. The funds will be used to establish drilling targets and commence drilling at the Claudia project. Durango Gold is led by a talented and experienced team and plans to go public within twelve months of the offering.
Clear Protocol, with a valuation cap of $4 million, is raising crowdfunding on Silicon Prairie Online. The company has developed a patented software system that is voice-operated and uses electronic wearables. The tool can be used by doctors to select a procedure and validate it in real-time. Ernest Kestone founded Clear Protocol in 2016. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $250,000, will be used to complete the hospital pilot study, continue software development, and produce product test units. Clear Protocol plans to appeal directly to physicians by saving their data entry time and potential malpractice liability.
Ponto Footwear, with a valuation cap of $7.5 million, is raising crowdfunding on Wefunder. The company makes sustainable footwear that offers the comfort of work from home and elevated aesthetics of a luxury brand. The hybridized footwear of Ponto Footwear transitions easily from work to play and everything in between. Aaron Roubitchek and Joseph Marquis founded Ponto Footwear in July 2018. The proceeds of the current crowdfunding raise, with a minimum goal of $60,000 and a maximum goal of $250,000, will be used towards sales and marketing, working capital, and general and administrative expenses. Ponto Footwear has generated more than $250,000 in revenue in the first six months since the store launch. It has been featured in Forbes, Business Insider, and Harper’s Bazaar and reported 50%-to-100% month-over-month growth during the last four months.
Idle, with a $5 million valuation cap, is raising funds on Wefunder. The company has developed a peer-to-peer smartphone app that allows users to rent and rent out their idle goods. The platform brings owners and renters together, allows users to rent anything and earn any time, and simplifies the process. Nicholas Luft founded Idle in May 2017. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will target marketing, business development, social media campaigns, and overheads. Idle has an existing user base with more than 175,000 installs. The app allows users to participate in the shared economy and reduce CO2 emissions and waste.
Fanera, with a valuation cap of $4.5 million, is raising crowdfunding on Wefunder. The company has developed the first social network for football fans. The platform connects fans with the global football community, football clubs, football influencers, and brands in one place. Mohamed Zaid, Ash Abumaraq, and Mo Barhoush founded Fanera in August 2018. The current crowdfunding round has a minimum raise of $320,000 and a maximum raise of $1,000,000. The funds will be used for marketing and sales, growing the team, and research and development. Fanera is preparing to become the official app of the Football World Cup 2022. It has more than 200,000 downloads, more than 3.5 million monthly interactions, and more than 70,000 fan-published content pieces.
GreenLifeTech, with a valuation cap of $3.3 million, is raising funds on Wefunder. The company is developing a system to extend the shelf life of fresh fruit and vegetables by five times. The system, FreshDefend, improves food quality, saves costs, and extends the consumable life of fresh produce by removing oxygen. Bruce Roesner founded GreenLifeTech in October 2020. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $400,000, will be used for product development, business development, and legal fees. GreenLifeTech aims to improve food quality, lifestyles, and diets while dealing with food waste, environmental issues, overflow landfills, and wasted land and water.
Iris, with a valuation cap of $20 million, is raising funds on Republic. It is a social stock market app that helps users connect their trading accounts and share their real-time trades with their friends. The app brings a spirit of social sharing and community collaboration to investing and lets users invest with friends. Brian Schardt founded Iris in September 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $500,000. The funds will be used for feed improvements, real-time trade alerts, Iris Autopilot, advanced Iris analytics, and integrations. Iris has more than 47,000 users and 11,000 monthly active users in nine months since its launch.
Customer. io, with a $400 million valuation cap, is raising crowdfunding on Republic. The company has developed an automation platform that helps businesses in engaging and retaining customers. The platform aggregates all the first-party data a company has about its customers and uses it to automate emails, push notifications, and SMS messages. Colin Nederkoorn and John Allison founded Customer. io in 2012 and have raised more than $3 million in previous rounds of financing. The proceeds of the current crowdfunding raise, with a minimum goal of $25,000 and a maximum raise of $5,000,000, will target growth and expansion. Customer. io reported a 74% year-over-year revenue growth from April 2020 to April 2021 and has been cash-flow positive since April 2020.
Simply Tiny Development, with a valuation cap of $3.8 million, is raising funds on Wefunder. The company makes sustainable and affordable tiny homes and camper vans. The business is helping solve housing issues in the US with its clean, sustainable, and low-cost housing alternatives. Dr. Sean Dixon founded Simply Tiny Development in 2019. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $100,000. The funds will be used towards marketing, CoGS, insurance, legal fees, land acquisition for tiny homes, salaries, debt repayments, and van conversion material and supplies. Simply Tiny Development has fifteen homes scheduled for development through 2024, and its camper vans have pre-purchase requests.
Entelexo, with a $15 million valuation cap, is raising crowdfunding on Wefunder. The company is creating drugs to address incurable autoimmune diseases. The proprietary exosome engineering platform of Entelexo targets autoimmune diseases and has been proven effective in treating multiple sclerosis. Milad Riazifar founded Entelexo in April 2020 and has raised more than $1 million in previous rounds of funding. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards preclinical testing, laboratory supplies, and a scientific advisory board. Entelexo is targeting 25 million people affected by autoimmune diseases and is working on product development and IND enabling animal studies.
Archneura, a company working on lengthening lifespan of buildings, is raising crowdfunding on Wefunder. The company measures the quality of buildings using the BQI in order to identify problems, reduce expenses, plan improvements, and extend lifespan. The process reduces both operational costs and carbon footprint. Clair Marie McDade and Daniel Cummins founded Archneura in January 2021. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $107,000. The proceeds will be used towards securing the patent, marketing, insurance, web hosting, API integration, and software development expenses. Archneura’s addressable market is all the commercial buildings in the world. It aims to stop disposable buildings and lengthen their lifespan.
Place Technology, with a pre-money valuation of $13.4 million, is raising funds on Wefunder. The company has developed a finance platform, PlaceCPM, to connect the elements of a company’s current and future financial data and provide tools for efficient financial forecasting, reporting, and workforce planning. Brandon Metcalf and Kabe Vanderbaan founded Place Technology in August 2018. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $570,911, will be used towards marketing and hiring more account executives. Place Technology reported a 405% license revenue growth from April 2020 to March 2021. It is the only financial forecasting product built on Salesforce.com and is the third highest-rated forecasting software on the site G2.
Fluo Labs, with a pre-money valuation of $12 million, is raising crowdfunding on StartEngine. The company is using light-based technology to help allergy sufferers reduce their allergy symptoms without the use of medication. Lawrence Johnson founded Fluo Labs in April 2020. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $3,800,000. The funds will target a usability study, a pivotal clinical study, CE certification, and obtaining a de novo FDA grant. Fluo Labs is led by an experienced team and is targeting a huge and growing market of people worldwide suffering from allergies.
Armaga VR, a virtual reality experience provider in North Riverside, IL, is raising funds on MainVest. The company has a vast library of virtual reality content and delivers immersive experiences to encourage learning, creativity, and play. The experiences include full-motion simulation, roller coaster rides, car racing, and the feeling of weightlessness. Archibald Thompson founded Armaga VR in August 2018. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $250,000, will be used to purchase new virtual reality hardware. Armaga VR experiences allow guests six degrees of freedom, including inversions, tight turns, and steep slopes.
Earth, Wind & Books, an upcoming bookstore in Dallas, TX, is raising crowdfunding on MainVest. The bookstore will offer a place for young book lovers and coffee drinkers to relax and browse books. The experience is accompanied by hot coffee and pastries. Kimari Hodges founded Earth, Wind & Books in January 2021. The proceeds of the current crowdfunding round, with a minimum target of $15,000 and a maximum target of $60,000, will be used towards renovations, leases, and furniture. Earth, Wind & Books currently runs as an online bookstore and aims to open its first physical location in Dallas, Texas. The bookstore will also hold charity events, book reads, and holidays to gain customers.
Streamlytics, with a pre-money valuation of $35 million, is raising funds on StartEngine. The company has B2B and B2C products that help users access their own data, understand its value and monetize it. Streamlytics applications provide transparency, smarter, data-backed decisions, and ethical data transactions. Streamlytics was founded by Angela Benton, a former IAC executive. The current round of crowdfunding has a minimum target of $9,999.90 and a maximum target of $1,999,994.76, and the funds will be used for growth and expansion. Streamlytics is working to transfer the value of data back to individuals and is making money by making data access easier. Streamlytics provides transparency of consumption and has processed more than 100 million data points since its launch.
The Hydrogen Group, a social impact company, is raising funds on Fundify. The company’s multi-patented technology produces Hydrogen on the Go and acts as a supplement to diesel fuel-powered vehicles. The product reduces diesel fuel emissions and saves diesel fuel costs. Armand Dauplaise founded The Hydrogen Group in 2012 and has raised $1.88 million in previous rounds of funding. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $250,000. The funds will be used towards prototype modification, prototype tests, engineering and production design, material and supplies, operating expenses, and working capital. The Hydrogen Group is led by a top-notch team and plans to go to market later this year.
Baby Barista, with a $10 million valuation cap, is raising crowdfunding on Fundify. The company has developed a patented machine that makes the perfect bottle of formula for babies in 30 seconds. The machine works at the push of a button or tap of a phone and comes with FDA-approved organic formula. Cara Armstrong founded Baby Barista in October 2014. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $250,000, will be used for product development, manufacturing, equipment, and operating expenses. Baby Barista has three patents issued for its coffee-pod-like machine. The product offers maximum convenience and safety and has already received interest from five retailers.
Cluster, an inclusive and influential social platform, is raising funds on Fundify. The platform works for uniting brands, creators, and individuals to bring about positive changes in communities and the world. The next-gen technology of Cluster helps individuals create, discover, and join social impact causes. C. R. Celona and his wife founded Cluster in 2018. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $250,000, and the funds will target growth and expansion. Cluster is working with strategic partners, including The American Red Cross, Conde Nast, and NBA Legends. The app has been used for creating more than 7,000 events since its launch in 2021.
Clew, with a $6 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a countertop food waste recycling appliance that recycles all the food waste in less than two hours. The device is used indoors and outdoors and helps in eliminating the smell associated with food waste recycling. Spencer Andrew Martin and Joyce Chiang founded Clew in April 2021. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $450,000, will be used for engineering, design, initial testing, and business operations. Clew has already outperformed its competitor in the proof-of-concept stage with a shorter cycle time and higher efficiency.
Shandoka Electric Motorcycles, with a valuation of $10 million, is raising crowdfunding on Wunderfund. The company has developed the RetroFit solution for converting simple gas motorcycles to electric systems. The development leads to a lower carbon footprint and regulatory advantages. Ernest Eich founded Shandoka Electric Motorcycles in January 2019. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $250,000. The funds will be used for sales of RetroFit Fleet services, activation of the first manufacturing facility, and expansion of global footprint. Shandoka Electric Motorcycles creates value for upcycling and remanufacturing and replaces dirty combustion from daily travels.
Eureka Compass Vegan Food, a vegan food business, is raising crowdfunding on Silicon Prairie Online. The business has created a haven for people who value unique experiences, vegan endeavors, creativity, and mission-driven communities. It is a leader in the vegan food community. Colin Anderson founded Eureka Compass Vegan Food in 2017. The current crowdfunding campaign has no minimum goal and a maximum goal of $500,000. The raise proceeds will be used for growth and expansion. Eureka Compass Vegan Food is preparing to model sustainability, philanthropic responsibility, and equitable prosperity.
Arrow AI by Custom Social, with a pre-money valuation of $18.1 million, is raising funds on StartEngine. The company helps small businesses target their social media ads using artificial intelligence. The patent-pending technology of the company uses interest-based targeting and creates a proprietary data set. Rolan Reichel and Pablo Munoz De Cote founded Arrow AI by Custom Social in January 2019. The current crowdfunding campaign has a minimum raise of $9,999.70 and a maximum raise of $1,069,999.25, and the funds will target technology investments, scalability, and AI development. Arrow AI by Custom Social became revenue positive in the first year and has generated $681,000 since its founding.
