New Deals for the Week Ending 07/04/2021 - KingsCrowd

July 6, 2021

New Deals for the Week Ending 07/04/2021

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.

 

BeWell Digital

BeWell Digital, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a platform that helps more than 1.5 million hospitals, clinics, labs, and pharmacies comply with the new insurance regulations in India. The platform helps hospitals by digitizing their patient health records and obtaining quality accreditation for working with insurance. Alagiri Senthilkumar founded BeWell Digital in November 2020. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used towards engineering, sales, marketing, and operations and legal costs. BeWell Digital has already signed up with six hospitals and digitized 6,000 patient health records since its launch.

 

Stanulis Films

Stanulis Films, with a pre-money valuation of $20 million, is raising funds on Wefunder. The production company is backed by a talented and experienced team and has completed ten projects successfully. The company has implemented a budget-driven process with multiple revenue streams. Steve Stanulis founded Stanulis Films in January 2019. The current crowdfunding campaign has a minimum goal of $100,000 and a maximum goal of $1,070,000. The proceeds will target marketing, hiring, accounting, property acquisition, sight scouting, talent acquisition, and pre-and post-production expenses. Stanulis Films has established relationships with Lionsgate and released Clinton Road in more than 20 theatres worldwide.

 

Elemeno Health

Elemeno Health, with a pre-money valuation of $20 million, is raising funds on StartEngine. It is a medical information platform that serves as a personal assistant for doctors and nurses. Elemeno Health facilitates team communication and point-of-care training and is playing a phenomenal role in the fight against COVID. Elemeno Health was founded by Dr. Arup Roy-Burman and Ed Nanale in January 2016. The current crowdfunding round has a minimum raise of $9,999.22 and a maximum raise of $3,929,998.76, and the proceeds will be used towards growth and expansion. Elemeno Health has a proven ROI and market potential. The business has clients, including El Camino Hospital, UCSF Health, and Massachusetts General Hospital, and has reported $1 million in ARR.

 

MOVO

MOVO, with a pre-money valuation of $150 million, is raising crowdfunding on StartEngine. The company offers on-demand mobile banking with end-to-end contactless payments. The app is built to empower customers to deposit, mint, pay, receive, send, save and spend money and convert crypto to USD. Eric Solis founded MOVO in 2014. The current crowdfunding campaign has a minimum raise of $9,997.99 and a maximum raise of $1,069,993.33, and the funds will be used to launch new technologies and features. MOVO has developed the first-of-its-kind financial ecosystem technology called HyperBIN for building and integrating banking, payments, and blockchain solutions in one app.

 

Squareat

Squareat, with a valuation cap of $6 million, is raising funds on Wefunder. The company offers healthy, tasty, long-lasting, and natural meal plans that are adaptable to the routines and last-minute plans of customers. The food of Squareat comes in squares and is made with a special preparation process that conserves nutrients during cooking and conservation. Paolo Cadegiani and Vincenzo Foglia founded Squareat in November 2020. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $1,000,000. The raise proceeds will be used for accelerated marketing, ghost kitchen rollout, cooks, drivers, and truck lease, and other overheads. Squareat has completed several tastings with positive feedback and is expected to be launched on the web, in gyms, retail, vending machines, and airlines.

 

Upstack

Upstack, with a pre-money valuation of $100 million, is raising funds on Wefunder. The company has developed an all-in-one remote talent solution for companies to hire qualified and vetted software developers. The platform helps fast-growing companies hire, retain, and motivate software talent remotely and easily. Yossi Mlynsky founded Upstack in November 2015. The proceeds of the current crowdfunding round, with a minimum goal of $50,084 and a maximum goal of $1,069,928, will be used for marketing, sales, hiring, and operational expenses. Upstack generated $6.9 million in revenue in 2020, with a gross profit margin of 37%. The company reported a 340% revenue growth from 2018 to 2020 and has clients including IKEA, Invision, Juul, and Taskrabbit.

 

Power Panel

Power Panel, with a pre-money valuation of $7.02 million, is raising crowdfunding on Wefunder. The company has developed its patented PVT technology to be the future of energy. The technology is hybrid solar thermal and captures solar energy for both generating electricity and heating water. Rob Kornahrens and Garth Schultz founded Power Panel in November 2016. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards management team salaries, sales and marketing, operating overhead, and general working capital needs. The Power Panel product has more than 10 years of research behind it and is ready for market. The business has projected annual revenue of $20 million by 2025.

 

Factmata

Factmata, with a pre-money valuation of $6 million, is raising funds on Wefunder. The company uses artificial intelligence to stop the spread of fake, misleading, and hateful news. The patent-pending AI technology of Factmata detects disinformation, misinformation, and hate speech about brands, products, or issues and helps those who can flag it and take it down. Dhruv Ghulati founded Factmata in March 2017. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000. The funds will be used for operational payroll, general administration, product development, and sales and marketing. Factmata is led by an experienced team and is the first UK government-approved tool to detect disinformation.

 

Eyetamins

Eyetamins, with a $7 million valuation cap, is raising funds on Republic. The company makes natural, vegan, and science-backed eye health and wellness products for common eye problems. The solutions of Eyetamins are centered around the dry eye, eye strain, blue light, eye-brain performance, and macular degeneration. Kaushal Kulkarni founded Eyetamins in May 2019. The current crowdfunding raise has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used to build the brand and partnerships and to sell the products internationally. Eyetamins reported $750,000 in revenue as of June 2021, with gross margins between 70%-to-75%.

 

The Good Kitchen

The Good Kitchen, with a valuation cap of $18 million, is raising funds on Republic. The business sells fully-prepared meals that come straight from farm to table. The meals of The Good Kitchen are suitable for a variety of lifestyles and dietary needs. Amber Lewis founded The Good Kitchen in November 2011. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for redesigning the order flow and UI to reduce churn and improve LTV, improve margins, and achieve growth. The Good Kitchen reported a 90% growth in the past six months to a $5.5 million run rate. The business has a strategic partnership with TB12 Sports to provide performance meals for people looking to achieve their peak performance.

 

Protein Quick

Protein Quick, with a pre-money valuation of $8.93 million, is raising crowdfunding on NetCapital. The company makes protein drinks with up to 20 grams of protein in two ounces of liquid. The drinks are ready to drink without any sugar, fat, caffeine, or carbs. Kauffman Scott founded Protein Quick in February 2021. The proceeds of the current crowdfunding raise, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will target customer acquisition, product samples, inventory, and selling expenses. Protein Quick product is convenient, portable, and does not require refrigeration. It fulfills the protein needs for better nutritional balance and can be consumed anywhere by anyone.

 

Hillhouse Coffee

Hillhouse Coffee, with a pre-money valuation of $3 million, is raising funds on TruCrowd. The company makes and sells cold roast coffee with the same amount of caffeine as espresso but a much shorter wait time. The coffee of Hillhouse Coffee comes with convenience and top quality. Logan Power founded Hillhouse Coffee in January 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $250,000. The funds will be used towards equipment, marketing, architecturals, lease, software, and legal expenses. Hillhouse Coffee aims to innovate coffee shops worldwide. The business is also creating an app and payment system to increase customer retention and loyalty.

 

Global Startup Ecosystem

Global Startup Ecosystem, with a pre-money valuation of $11.5 million, is raising funds on StartEngine. The company is building a network for remote tech professionals by engaging, inspiring, and preparing individuals for the digital age. The business offers education, employment, and entrepreneurship to professionals and tackles unemployment. Christine Ntim founded Global Startup Ecosystem in May 2017. The proceeds of the current crowdfunding raise, with a minimum target of $9,954 and a maximum target of $999,982, will be used to upskill more people and grow together. Global Startup Ecosystem has institutional clients and industry leaders, including LinkedIn, Forbes, SAP, Mastercard, and Google, and has been featured in Forbes Magazine, Huffington Post, and Inc Magazine.

 

Covira Surgical

Covira Surgical, with a pre-money valuation of $9.99 million, is raising crowdfunding on StartEngine. The biotech company is focused on novel therapeutic alternatives to reduce post-surgical infections. The procedures of Covira Surgical leverage the power of the gut microbiome to increase immunity and improve the prevention of infection. Dr. John Alverdy founded Covira Surgical in September 2018. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the proceeds will be used to promote future applications. Covira Surgical’s anti-virulence agent, Pi-PEG, is administered orally to prevent post-operative infections and progression to sepsis.

 

Breezy Swimwear

Breezy Swimwear, with a pre-money valuation of $6 million, is raising funds on StartEngine. The e-commerce company curates stylish and affordable swimwear products. The products of Breezy Swimwear cater to all body types and support female empowerment and acceptance. Kris Izquierdo and Tanya Barahona founded Breezy Swimwear in May 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to become a global leader in swimwear. Breezy Swimwear has reported $2.1 million in total sales over the last three years and became profitable in the first year. The business works on a monthly recurring membership model bringing it predictable revenue and high gross margins.

 

Nwicode

Nwicode, with a $5 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a mobile app builder that helps in creating apps for iOS and Android without coding. The platform supports small businesses by helping them to grow and increase customer loyalty. Ruslan Bugaev and Semion Matyash founded Nwicode in July 2020. The proceeds of the current crowdfunding round, with a minimum target of $80,000 and a maximum target of $250,000, will be used for marketing and hiring new employees. Nwicode’s app works with AI and augmented reality and makes new technologies available to small businesses. The app builder became a strategic partner of Creative Cloud Adobe in 2021.

 

Sublime Stericeuticals

Sublime Stericeuticals, a biotechnology company, is testing the waters on Silicon Prairie Online. The company has designed, developed, and tested its Cryophilizer that delivers a superior drug product. The product will be used in pharmaceutical manufacturing to upgrade the sterile freeze-dried drug manufacturing operations. Joel Lennon-Meyer founded Sublime Stericeuticals in October 2018. The current crowdfunding round has a minimum goal of $1,000 and a maximum goal of $200,000. The funds will be used towards the development of prototype, design, staffing, and marketing and sales. Sublime Stericeuticals’ process allows manufacturers to freeze-dry their products at one-fourth costs and 10 times higher throughput.

 

Decarolis Cycling

Decarolis Cycling, a bicycle shop in North Andover, MA, is raising crowdfunding on MainVest. The company has its own brand of high-end performance bicycles along with offering professional repair and maintenance services. The shop works as the distribution hub for both end-users and wholesalers. Luca De Carolis founded Decarolis Cycling in April 2014. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $180,000, will be used towards payroll, marketing, event sponsorship, inventory, and working capital. Decarolis Cycling is known for its high level of service and quality bikes.

 

Union Electric

Union Electric, with a $30 million valuation cap, is raising funds on Republic. The company sells premium and affordable cannabis flowers from the top cultivators of California. Union Electric does not invest in expensive infrastructure and has built its business through relationships and alliances with leaders across the supply chain. Alexander Max Goldstein founded Union Electric in January 2020. The current crowdfunding raise has a minimum goal of $25,000 and a maximum goal of $5,000,000, and the funds will be used for growth and expansion. Union Electric generated $900,000 in revenue in 2020 and $400,000 in revenue between May 15 and June 15, 2021.

 

Work4Workers

Work4Workers, with a valuation cap of $3 million, is raising crowdfunding on Fundify. The company has developed a platform to connect skilled laborers and contractors directly. The bilingual marketplace platform helps the workers register with their specific skills in their area, and contractors get to search for workers with specific skills. Phil Pompa and Rudy Rucoba founded Work4Workers in March 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $100,000, and the funds will target the development of MVP, updates to MVP, and expansion throughout Texas. Work4Workers is led by a stellar team and aims to bring value to both workers and contractors.

 

Exist Tribe

Exist Tribe, with a valuation cap of $3 million, is raising funds on Wefunder. The company has used patent-pending technology to create the world’s smartest sleep companion. Yoga Sleep Node comes with perfectly engineered sound, full-spectrum morning light, and Zero-Blue night light to improve sleep quality. Robert Sweetman founded Exist Tribe in January 2019. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for a product release marketing campaign, product manufacturing, inventory, and software development. Exist Tribe’s flagship product has $18,000 in pre-orders and is going to market this year. The product has also received interest from the US Navy for ship racks.

 

Beanstox

Beanstox, with a pre-money valuation of $27 million, is raising funds on StartEngine. It is an app that makes saving and investing simpler for millions of Americans, helping them build wealth. The app works on a monthly subscription fee and offers personalized portfolios and automatic recurring investments. Beanstox was founded by Shark Tank investor Kevin O’Leary and Connor O’Brien in 2018. The current crowdfunding campaign of the company has a minimum goal of $10,000 and a maximum goal of $3,929,998.75. The funds will be used to introduce Beanstox mobile banking, improve client service, and accelerate growth. Beanstox is led by an experienced team and has more than 22,000 user accounts. The monthly client growth rate went up 100% from September 2020 to June 2021.

 

Consumer Cooperative Group

Consumer Cooperative Group, with a pre-money valuation of $9.4 million, is raising funds on TruCrowd. The cooperative allows investors to invest in real estate projects as a single unit. It is a real estate investment cooperative (REIC) that allows investors to take advantage of real estate opportunities collectively, independently, and equitably. Consumer Cooperative Group is led by Tanen Andrews and was founded in 2017. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $5,000,000. The proceeds will be used to acquire turnkey, cash-flowing, multi-family real estate apartment complexes. Consumer Cooperative Group is led by an experienced team and aims to remove red-tapism and other drawbacks related to real estate investing.


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