New Deals for the Week Ending 07/17/2022 - KingsCrowd

July 19, 2022

New Deals for the Week Ending 07/17/2022

 

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.

 

AsomBroso Tequila

AsomBroso Tequila, with a valuation of $99.1 million, is raising funds on StartEngine. The company makes an ultra-premium, award-winning tequila that respects tradition. The tequila is prepared from blue weber agave grown in Amatitán, Mexico. AsomBroso Tequila is currently sold in national chain stores like Total Wine & More and Costco, and it has an average reorder rate of 85%. The company sold 27,000 cases in the last 12 months and reported an 86.6% increase in year-to-date sales in 2022. Ricardo Gamarra founded AsomBroso Tequila in May 2002. The current crowdfunding campaign has a minimum target of $9,999.22 and a maximum target of $4,999,997.86. The campaign proceeds will be used for marketing, customer acquisition, and partnerships.

 

American 7s Football League

American 7s Football League, with a valuation of $19.5 million, is raising funds on StartEngine. The league is focused on tackle football with no helmet and no pads and has tailored the seven-on-seven style of play to reduce head-to-head contact. Due to removing helmets and hard pads, the game has been modified to reduce injury and still remain exciting. The league sold five new divisions for 2022. Its 2021 revenue was19x higher than its 2020 revenue. Ryan DePaul and Sener Korkusuz founded American 7s Football League in 2014. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $285,000. The campaign proceeds will be used to complete the development of a dedicated streaming app and launch it in the second half of 2022.

 

Wicked BOLD

Wicked BOLD is raising funds on MainVest. It is a vegan food brand in Flower Mound, TX that makes small-batch vegan chocolate using organic and ethically sourced cacao from Belize. The chocolate is handmade, healthy, delicious, and made with just three ingredients. Wicked BOLD is available in 14 Whole Foods stores in Dallas and will be sold in 100 Walmart stores in April 2023. Deric Cahill and Brooklyn Cahill founded Wicked BOLD in September 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $190,000. The campaign proceeds will be used for raw materials, packaging and display materials, manufacturing space expansion, and payroll.

 

Urvin Finance

Urvin Finance, also known as Urvin.Finance, is raising funds on Wefunder with a valuation of $25 million. The company has developed The Terminal, a finance-focused social platform with professional-quality data and tools. The platform works for retail investors to facilitate community collaboration and provide financial education. Dave Lauer founded Urvin Finance in June 2021. The current crowdfunding campaign has a minimum target of $249,999 and a maximum target of $3,736,275. The campaign proceeds will be used for hiring software developers and data scientists, software licensing and data costs, and administrative expenses.

 

GoBe

GoBe, with a valuation of $8 million, is raising funds on Republic. The company makes and sells the ultimate snack container to challenge kids’ brains. The snack container can carry five snacks and comes with a fun push button and flip door. The GoBe Snack Spinner creates a division of responsibilities between the parents and children and gives kids choice and autonomy. GoBe generated $2.7 million in sales in the last 12 months, with 81% of customers recommending the GoBe Snack Spinner to their friends. Joseph and Solanda Blanch founded GoBe in January 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $535,000. The campaign proceeds will be used for growth and expansion.

 

Eat The Frog Fitness

Eat The Frog Fitness, with a valuation of $25 million, is raising funds on Wefunder. The boutique fitness studio combines the best of personal training and group fitness with artificial intelligence (AI) technology. The training provided by Eat The Frog Fitness is meant to be convenient, affordable, and personal. Eat The Frog Fitness has 35 studios across the US and Canada and has minimal membership turnover, with only 5% attrition. Bryan Clay and Joe Culver founded Eat The Frog Fitness in January 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 public relations campaigns, technology infrastructure and support, hiring, and marketing.

 

Second Act Theatrical Capital

Second Act Theatrical Capital, with a valuation of $556,000, is raising funds on Wefunder. The company produces and invests in theatrical productions, including Broadway shows. The business specializes in working on shows that prioritize Black, indigenous, and people of color (BIPOC) narratives and creators both on and behind the stage. The aim of Second Act Theatrical Capital is to provide BIPOC people with more equitable representation in theater. Rashad V. Chambers, Miranda Gohh, Adam Hyndman, Toni R. Israel, Rob Laqui, Sammy Lopez, Ronee Penoi, and Cynthia J. Tong founded Second Act Theatrical Capital in September 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5,000,000. The campaign proceeds will be used for investing and producing commercial productions, administrative expenses, and management.

 

Shore Buddies

Shore Buddies is raising funds on Wefunder. The company makes plastic-free educational toys that are ocean friendly. The business uses plastic bottles collected from the oceans to create toys and reduce plastic pollution. The toys of Shore Buddies are eco-friendly, educational, based on events, and sold through multiple platforms with direct distribution to a number of countries. Shore Buddies has saved more than 1 million bottles and generated $500,000 in revenue in the last 12 months. Malte Niebelschuez founded Shore Buddies in December 2013. 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 website relaunch, digital marketing, inventory, and product purchases.

 

Natural Way Food Group

Natural Way Food Group, with a valuation of $4 million, is raising funds on Wefunder. The company makes innovative nut butters that are healthier for people and the planet. The ingredients of the nut butters are sourced ethically and made with olive oil. The almond and peanut butters come in a variety of flavors, including original, honey, chocolate, coffee, pumpkin spice, and gingerbread. Natural Way Food Group increased its revenue by 143% from 2019 to 2021 and projects reaching $1.16 million in revenue in 2023. Austin Simkins and Quinn Simkins founded Natural Way Food Group in March 2017. The current crowdfunding campaign has a minimum target of $50,101 and a maximum target of $1,069,962. The campaign proceeds will be used for purchasing new equipment, offering a subscription option on Amazon, partnerships, and retailer support.

 

Fist Assist Devices

Fist Assist Devices, with a valuation of $10 million, is raising funds on Rialto Markets. The company has developed the world’s first self-contained pneumatic compression device. The device is battery operated, wearable, and comes with a small unit attached to an inflatable cuff. The Fist Assist Model FA-1 device helps improve arm circulation for arm wellness and supports patients through their medical care journeys. Dr. Tej Singh founded Fist Assist Devices in March 2013. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1,000,000. The campaign proceeds will be used for global marketing, regulatory expenses, legal fees, and general and administrative expenses.

 

Normal Finance

Normal Finance, with a valuation of $3 million, is raising funds on Wefunder. The company has developed a neobanking platform that helps in buying and selling crypto for free and allows conversion between fiat (money backed by a government) and crypto with instant settlement. Normal Finance has been accepted into Antler Startup Accelerator and has a waitlist of more than 120 users ready to get started. Joshua Blew founded Normal Finance in January 2022. 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 a startup benefits program, savings and monthly burn, a debit card program, and legal memos.

 

Thriving Design

Thriving Design, with a valuation of $4 million, is raising funds on Wefunder. The company makes patented clips that help gardeners build custom plant supports. The C-BITE clips are durable, reusable, customizable, and help people grow food in the garden of their dreams. The product line of Thriving Design includes C-BITE, plant support kits, stake safety caps, garden twist ties, and steel garden stakes. The business has sold 1 million C-BITE clips to date and generated $300,000 in revenue. Morgan Rider founded Thriving Design in June 2020. 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 trade shows, salaries, and facility build-out.

 

PureWild Co

PureWild Co, with a valuation of $15 million, is raising funds on StartEngine. The company makes clean, certified, and non-GMO marine collagen beverages. The collagen-infused drinks of PureWild Co, including its wines, are designed to support women with breast cancer, osteoporosis, and autoimmune diseases. The collagen drinks contain organic juices, adaptogens, and 3,000 milligrams of wild marine collagen and are sweetened with raw organic honey. Cynthia Convery and Derek Opperman founded PureWild Co in January 2021. The current crowdfunding campaign has a minimum target of $10,000.50 and a maximum target of $1,069,999.50. The campaign proceeds will be used for developing more products, sales growth, and partnerships.

 

Lightsense Technology

Lightsense Technology, with a valuation of $18 million, is raising funds on StartEngine. The company has developed a patented technology that uses light to detect illicit drugs, pathogens, and diseases. The spectrometer solutions of Lightsense Technology are based on enhanced photodetection spectroscopy and allow handheld instruments to detect pathogens and drugs in minutes. Lightsense Technology has signed a memorandum of understanding with a leading technology and engineering company and has many others in discussion. Terje Skotheim founded Lightsense Technology in August 2014. The current crowdfunding campaign has a minimum target of $10,001.19 and a maximum target of $2,000,006.61. The campaign proceeds will be used for partnerships and revenue growth.

 

Boomerang Bike

Boomerang Bike, with a valuation of $15.8 million, is raising funds on Silicon Prairie Online. The company has developed a GPS bike security system that uses Internet of Things technology to prevent bike theft. The Boomerang CycloTrac is a bike alarm and GPS tracker that attaches to the bike and runs on cloud-based software through an app. Boomerang Bike is in an early stage and generated revenues of $192,000 in 2020. The business has more than 3,000 customers and expects to reach 5,000 customers soon. Kevin Fahrner founded Boomerang Bike in July 2013. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,069,999.59. The campaign proceeds will be used for growth and expansion.

 

Cool Beans

Cool Beans, with a valuation of $6 million, is raising funds on Republic. The company sells minimally processed beans in the form of snacks. The offerings of Cool Beans include a line of frozen plant-based wraps that incorporate whole foods into the diet easily. The Cool Beans wraps are loaded with 27 plant-based ingredients with appealing flavors that promote gut health. Cool Beans is available at more than 5,000 points of distribution, 1,500 stores, and 16 distribution centers. The company expects to generate $1.2 million in revenue in 2022. Tyler Mayoras, Mike Brennan, Caryn Rowe Africk, and Eric Schnell founded Cool Beans in May 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $400,000. The campaign proceeds will be used for growth and expansion.

 

GenesisAI

GenesisAI, with a valuation of $204.8 million, is raising funds on Netcapital. The company provides a global AI network to buy and sell artificial intelligence technologies. GenesisAI is a machine-learning protocol in addition to being a marketplace for AI products and services. It is making AI accessible, affordable, and more efficient. The company is led by an elite team and has 2,000 registered users with 45 AI models deployed. Archil Cheishvili, David Fan, and Mina Pascalito Nassif founded GenesisAI in 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,044,972. The campaign proceeds will be used for payroll, research and development, sales and marketing, and legal expenses.

 

Hospy

Hospy, with a valuation of $5 million, is raising funds on Netcapital. The company has developed a platform that uses machine learning technology and AI for hospitality job recruitments. The platform understands and identifies the most suitable job seekers for vacant positions in the restaurant and hospitality industry, and it creates strong working relationships between employers and employees. It is a full client concierge service run by hospitality industry matchmakers. Steve Garza founded Hospy in May 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The campaign proceeds will be used for software development, research and development, marketing, and general and administrative expenses.

 

IT Security Solutions

IT Security Solutions, with a valuation of $6.5 million, is raising funds on Netcapital. The company provides cybersecurity solutions to detect and respond to attackers who are already inside the network. The business also simplifies the cybersecurity process by educating clients and empowering them to protect their assets, implement actionable compliance, and provide more visibility for unseen activities. IT Security Solutions’ ITS Safe security appliance is designed with advanced cyber threats in mind and provides real-time protection against ransomware and zero-day exploits (attacks against a previously unrecognized software vulnerability). Albert Whale and Jonnet Solomon founded IT Security Solutions in June 2018. The current crowdfunding campaign has a minimum target of $10,010 and a maximum target of $1,001,000. The campaign proceeds will be used for product development, business development, customer support, patents, and general and administrative expenses.

 

Imperia Caviar

Imperia Caviar, with a valuation of $22 million, is raising funds on StartEngine. The company makes high-quality, sustainably farmed caviar accessible to a larger audience. The aim of the business is to change how the domestic market views caviar and transform caviar from a splurge into an everyday delight. Imperia Caviar has generated $12 million in lifetime sales with consistent year-over-year growth. The business has more than 23,000 active users who purchased more than 7.5 tons of caviar in 2021. Nikolaos Pnevmatikakis and Solomon Mordechai founded Imperia Caviar in March 2018. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1,069,999.80. The campaign proceeds will be used to grow the digital marketing operations and market share.

 

Lucky Buns

Lucky Buns is raising funds on Mainvest. It is a famous burger spot in Washington, DC. The food joint serves fun and high-quality burgers and sandwiches inspired by bold and exciting flavors. Lucky Buns’ burgers and sandwiches are made from scratch with the best ingredients, including meats, cheeses, and sauces. The burgers are made with a proprietary blend of angus beef from Creekstone Farms. Alex McCoy and Marc Dosik founded Lucky Buns in July 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000. The campaign proceeds will be used for site build-out and construction costs of the new District Wharf expansion.

 

Beaver Gold

Beaver Gold, with a valuation of $13.24 million, is raising funds on Title3Funds. It is a mining and exploration company dedicated to gold exploration in Ontario and Newfoundland, Canada. The company is advancing four underexplored properties with high gold values and multiple exploration targets. The properties under exploration have proven gold in the ground and will bring control of an important mineral inventory to Beaver Gold. Dr. Scott Jobin-Bevans founded Beaver Gold in February 2021. The current crowdfunding campaign has a minimum target of $80,000 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.

 

Fourth & Pride

Fourth & Pride, with a valuation of $9.75 million, is raising funds on Wefunder. It is a dedicated LGBTQ+ spirit brand that makes extremely smooth vodka. The vodka of Fourth & Pride is gluten-free and made with a proprietary blend of white corn and grape. The business is also dedicated to the community and donates 5% of its proceeds to two charity partners, SAGE (Services & Advocacy for LGBT Elders) and DIFFA (Design Industries Foundation Fighting Aids). Fourth & Pride is made in the USA and has a loyal customer base. Douglas Slayton and Jesse Weinberg founded Fourth & Pride in January 2020. 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 inventory, marketing, sales representatives, and overhead expenses.

 

LifestyleCX

LifestyleCX, with a valuation of $12 million, is raising funds on StartEngine. The company has developed an unbiased, data-driven platform for personalized aging education and services. The platform connects consumers to aging services and provides subscription-based software for aging service providers. The product offerings of LifestyleCX include AgingChoicesPRO, AgingChoices.com, and AgingAnswers. Terri Sullivan founded LifestyleCX in July 2017. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $999,999.60. The campaign proceeds will be used for growth and expansion.

 

West Coast Pretzels

West Coast Pretzels is raising funds on SMBX. The food business makes hand-twisted, vegan, and soft pretzels in Studio City, California. The menu of West Coast Pretzels includes The Philly Twist, everyday pretzel, sesame pretzel, a Double Pepperoni Pretzel Pizza, Pretzel Dog, Pretzel Nuggets, and more. The business has wholesale operations and supplies to local restaurants, breweries, bars, hotels, corporate events, and entertainment venues. Kevin Bricklin founded West Coast Pretzels in July 2019. 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 refinancing debt, working capital, and purchasing a delivery van.

 

LUUM

LUUM, with a valuation of $48.03 million, is raising funds on Dealmaker Securities. The company has developed a patented AI-based technology that will help beauty service providers to apply lash extensions in minutes. The technology will help apply lash extensions 3x faster than manual application. LUUM has already partnered with a top cosmetics brand and is in the prototype phase. Lynn Heublein, Nathan Harding, Joanne Chen, and Kurt Amundson founded LUUM in June 2017. The current crowdfunding campaign has a minimum target of $50,000.50 and a maximum target of $4,290,000. The campaign proceeds will be used for research and development, development and construction of test systems, salaries, advertising, rent, utilities, and debt servicing.

 

Uncooked

Uncooked, with a valuation of $15 million, is raising funds on Republic. It is a plant-based food company that is changing the way people consume healthy food. The business sells a variety of healthy and delicious foods and beverages, including bowls, sushi, overnight oats, smoothies, muffins, donuts, and zero-proof cocktails. Uncooked has generated $1 million in lifetime sales with 212% year-over-year revenue growth. Jeremy Jones founded Uncooked in July 2019. 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 build out digital infrastructure, add more locations, open more partnership locations, expand the presence in groceries and specialty stores, and expand national distribution.

 

Ana’s Norwegian Bakeri

Ana’s Norwegian Bakeri is raising funds on Mainvest. The bakery is located in Centennial, CO and specializes in Norwegian pastries and baked goods, including bread, cinnamon rolls, raisin rolls, sweet cardamom rolls, and school rolls. Ana’s Norwegian Bakeri makes excellent high-quality products that transport consumers to delicious cafes in Norway. Ana Fanakra founded Ana’s Norwegian Bakeri in May 2020. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $20,000. The campaign proceeds will be used as working capital to continue to grow the business.

 

PlatesHub

PlatesHub, with a valuation of $13.5 million, is raising funds on StartEngine. It is a custom-curated meal prep company that serves NFL and professional athletes throughout the US. The food company delivers healthy and nutritionally balanced organic meals to the doorsteps of professional athletes and customers. PlatesHub is an official partner of the NFL and is securing more professional sports leagues. Joseph Crapanzano founded PlatesHub in February 2021. The current crowdfunding campaign has a minimum target of $9,999.60 and a maximum target of $1.1 million. The campaign proceeds will be used for growth and expansion.

 

Rhinogram

Rhinogram, with a valuation of $60 million, is raising funds on StartEngine. The company has developed a virtual platform that connects patients and healthcare providers without the need for phone screening and long call times. The platform is HIPAA-compliant, compatible with electronic health records, and uses encryption to keep patients’ information private. Rhinogram is modernizing communication between patients and providers and making the system more efficient. Dr. Keith Dressler founded Rhinogram in April 2022. The current crowdfunding campaign has a minimum target of $9,990.37 and a maximum target of $899,982.08. The campaign proceeds will be used to increase market penetration and develop new app enhancements.

 

GigEngyn

GigEngyn, with a valuation of $2.5 million, is raising funds on Wefunder. The company has developed an event management and sales customer relationship management (CRM) platform for the cannabis and alcohol industries. The platform includes CRM, event management software, and onboarding solutions, and it streamlines experiential marketing. GigEngyn is the only app with built-in APIs and built-in invoicing, and it allows instant payments, data tracking, and live reporting. Amber McFee and Mason Ice founded GigEngyn in June 2022. 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 sales and marketing, software development, and operations.

 

Lumenco

Lumenco, with a valuation of $40 million, is raising funds on Silicon Prairie Online. The company is launching various patented technologies in different industries commercially. Lumenco’s flagship technology is its patented microlens, anti-counterfeiting technology being launched in currencies throughout the world. Lumenco works only in the protected intellectual property (IP) space and has partnered with some of the largest banknote companies in the world. Mark Raymond founded Lumenco in April 2013. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $250,000. The campaign proceeds will be used for IP protection, marketing, and commercializing electromagnetic interference shielding.

 

Monogram Orthopaedics

Monogram Orthopaedics, with a valuation of $155 million, is raising funds on Dealmaker Securities. The company is developing a product solution architecture to allow the personalization of orthopedic implants. Monogram Orthopaedics uses 3D printing and robotics through automated digital image analysis algorithms. The Monogram Knee System has won FDA approval and is solving real problems by revolutionizing joint replacement technology. Dr. Douglas Unis founded Monogram Orthopaedics in 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $5,000,000. The campaign proceeds will be used for research and development.

 

Zipinmail

Zipinmail, with a valuation of $22.5 million, is raising funds on StartEngine. The company has developed a virtual mailbox to send and receive mail using a mailing address. The platform does not use email or sharing links and creates a mailbox in the cloud. The aim of Zipinmail is to eliminate the paper mail process, save billions of dollars, preserve nature by saving trees, and provide real-time measurement metrics. Vijay Chetty founded Zipinmail in March 2021. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,999.50. The campaign proceeds will be used to launch new products and grow.


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