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.
Chilling, with a valuation of $10 million, is raising funds on Republic. The company has developed a community-based app for creators to make high-quality horror content and make use of feedback. The app amplifies the diverse voices of independent creators and streamlines production so they can save money. Chilling has more than $500,000 in recurring revenue, 13,000 monthly subscribers, and more than 160,000 user accounts. Dane Petrali and Christopher Graham founded Chilling 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 for hiring, marketing, content creation and licensing, and platform development.
Brite Trace, with a valuation of $2.5 million, is raising funds on Wefunder. The company is working to improve the quality of life for people with dementia. Through personalized profiles, caregivers gain actionable insights that help them connect with and look after loved ones with dementia. The company is led by an experienced team, and it projects positive cash flow by 2025. Danten Rice and Nolan Carrico founded Brite Trace in January 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 minimum viable product development, brand building, sales and marketing, and administration.
Modica, with a valuation of $5 million, is raising funds on Wefunder. The company is making the world’s first superfood cocktail and mocktail mixes. Modica’s mixes are all natural, low in sugar, and fortified with vitamins and antioxidants. Modica’s current flavors include the turmeric ginger mule, tart cherry old fashioned, and cucumber aloe margarita. The company has partnered with a distributor and entered more than 50 stores. Eric Wentworth and JD Mitchell founded Modica in September 2017. 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 hiring, marketing, operations, and research and development.
Catalillies Play Cafe is raising funds on Mainvest. It is an upcoming enclosed and indoor play area for children up to seven years of age in Williamsburg, VA. The play cafe will provide a safe space for small children to play, and caretakers can enjoy comfortable seating and refreshments with a clear line of sight for monitoring. Catalillies Play Cafe will also provide space for celebrations like birthdays, family gatherings, and baby showers. Lillian Wilborne founded Catalillies Play Cafe in June 2022. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $60,000. The campaign proceeds will be used for purchasing personalized playhouses, play structures, and sensory toys; wall art creation; family games and activities; comfortable seating areas; and more.
DiaspoCare is raising funds on PicMii. The company’s financial transaction platform allows African people to manage the health and wellbeing of their families back home. The platform brings service providers and consumers into a cost-efficient marketplace and offers transparency and affordability. The company collects commissions and fees from either the service provider or the consumer. Serge Alain Wandji founded DiaspoCare in November 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used for technology development, business development, user recruitment, and healthcare provider onboarding.
Tell Me Something Sweet is raising funds on Honeycomb. The bakery sells freshly prepared baked goods — including cakes, pastries, quiches, and pies — through its e-commerce site, wholesale orders, and corporate catering events. The products are made using natural and wholesome ingredients. Tell Me Something Sweet’s customer base includes comfort creatures, soccer moms, celebrators, and cookie monsters. Kevin Ford founded Tell Me Something Sweet in December 2020. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $80,000. The campaign proceeds will be used for purchasing kitchen equipment for the business’ first brick-and-mortar location.
Yukon Pizza is raising funds on Mainvest. The food business makes unique wood-fired sourdough pizzas that are enjoyed by locals, families, and tourists. The restaurant is located in the Huntridge Shopping Center in Las Vegas, Nevada and has a fun open-air dining atmosphere where customers can relax. Yukon Pizza plans to expand its offerings to include sandwiches, salads, and entrees. Alexander White, Cameron White, and Danielle Garcia-White founded Yukon Pizza in March 2017. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $50,000. The campaign proceeds will be used for purchasing equipment and operating capital.
Green Island EV Corp., with a valuation of $16.3 million, is raising funds on Raise Green. The company manufactures commercial microtransit electric vehicles in Green Island, New York. Green Island EV Corp. aims to provide efficient, sustainable, and clean-energy mobility solutions for communities, organizations, and companies. Currently, the company is focusing on the initial product development of its type A electric school buses. John Gillie founded Green Island EV Corp. in August 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,000,000. The campaign proceeds will be used for product development, design and engineering, marketing, pre-sales, and hiring.
BeerMKR, with a valuation of $12.3 million, is raising funds on StartEngine. The company has designed and developed an automated countertop craft beer brewing system. The brewing system uses fewer steps and only a Wi-Fi connection to brew craft beer at home. BeerMKR has sold more than 1,000 units and reported $1 million in sales in 2021. The business earns strong recurring revenue for each BeerMKR, which amounted to $130 per active machine in 2021. Aaron Walls, Matthew Goff, and Evgeniy Tkachenko founded BeerMKR in January 2013. The current crowdfunding campaign has a minimum target of $9,998.56 and a maximum target of $2,499,980.86. The campaign proceeds will be used for marketing, working capital, and inventory.
ParentPlaybook, with a valuation of $11.5 million, is raising funds on Netcapital. The company’s platform provides a unique collection of curated content that helps parents meet the specific needs of their children. Users get to search for relevant content through crowdsourcing from other parents and professionals, and they can also connect with a community of other parents and professionals. ParentPlaybook supports parents in solving their most challenging parenting situations. Philip Anderson and Bruce Hymas founded ParentPlaybook in March 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 employee salaries, taxes, health insurance, legal and accounting expenses, and marketing.
Wunderkeks, with a valuation of $20 million, is raising funds on Republic. It is a sweet snacks brand built around encouraging conversations and creating safe spaces. The company aims to become a part of consumers’ own stories. Wunderkeks makes amazing cookies and ships them worldwide. It plans to expand to supermarket shelves and new product lines soon. Hans Schrei and Luis Gramajo founded Wunderkeks in March 2022. 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 hiring, brand and product development, and working capital.
Sound Legends, with a valuation of $32 million, is raising funds on StartEngine. It is a global media company that provides musicians with a suite of tools to copyright, license, and distribute their music. The platform empowers independent artists worldwide by letting them retain 100% of their royalties. Sound Legends is available in 195 countries and is focused on global markets. Alex Malagon founded Sound Legends in April 2012. 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 marketing the two live platforms to artists and operational costs.
Brothers Cole is raising funds on Mainvest. It is an indoor cannabis cultivator in Marcellus, Michigan. The company operates a 3,200 square-foot facility and has a second facility under construction. Brothers Cole is currently focused on cultivating cannabis and plans to expand to processing and distribution. James Cole and Caleb Cole founded Brothers Cole in September 2021. 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 equipment and construction expenses for the second production facility.
Scripx Pharmacy & Health, with a valuation of $12 million, is raising funds on Republic. The business is customer centric and uses advanced technology to deliver, manage, and administer pharmacy services. Users can transfer their new prescriptions or refills to Scripx and get them delivered at their convenience. Scripx Pharmacy & Health reported a 300% increase in prescriptions delivered since the end of 2020 and 250% revenue growth from 2020 to 2021. Jon Eaton founded Scripx Pharmacy & Health in March 2021. 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 expansion, marketing, research and development, and general administrative expenses.
Avadi Engines, with a valuation of $33.8 million, is raising funds on StartEngine. The company is attempting to redesign internal combustion engines. Avadi Engines’ patented four-stroke Avadi MA-250 gas engine is lighter, more fuel-efficient, and more eco-friendly than traditional engines. Avadi Engines has four issued patents in the US, Canada, Taiwan, and Singapore and aims to obtain additional international patents. Landon Wilkinson founded Avadi Engines in September 2014. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $1,069,998. The campaign proceeds will be used for research and development, employment, operations, working capital, inventory, and accounts payable.
ScriptCo, with a valuation of $14.62 million, is raising funds on StartEngine. The company is revolutionizing healthcare by selling prescription medications at cost with zero markups. The subscription-based pharmacy service is dedicated to making prescription medication affordable for everyone. It works outside the insurance system and avoids costs like formulary limitations, prior authorizations, and day supply limitations. Mark McCormick and Shailendra Gupta founded ScriptCo in May 2019. The current crowdfunding campaign has a minimum target of $9,996 and a maximum target of $1,069,997. The campaign proceeds will be used for marketing, research and development, and employment.
Rancho Relaxo is raising funds on Mainvest. It is a department store in Rancho Mirage, California that sells wares related to the desert. The store celebrates the mystery and beauty of deserts and has a deep connection to the Coachella Valley. Rancho Relaxo empowers craftsmen and artisans and supports the creation of objects that are functional, beautiful, and sustainable. Stella Adena founded Rancho Relaxo in November 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 location buildout, fixtures and equipment, and operating capital.
Arka, with a valuation of $18 million, is raising funds on Republic. The company provides next-generation packaging for e-commerce, and it ships internationally. Arka’s packaging is traceable, sustainable, and integrated right into e-commerce stores. The platform allows businesses to forecast usage, auto-replenish, and optimize packaging. The business reported revenue of $1.5 million in 2021 and has an average month-over-month growth of 67.1% in 2022. Phillip Akhzar founded Arka in December 2015. The current crowdfunding campaign has a minimum target of $107,100 and a maximum target of $250,000. The campaign proceeds will be used for hiring, product development, marketing, and general working capital.
Biodel AG, with a valuation of $25 million, is raising funds on Wefunder. The company’s product, Sequester, is used to restore soil health and transition agricultural lands to regenerative practices. Sequester spurs microbial interactions in the soil, which ultimately mitigates climate change and saves water. Biodel AG has five awarded patents and 12 patent applications in process. Ben Cloud founded Biodel AG in July 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,500,000. The campaign proceeds will be used for marketing, product development, plant and equipment, general and administrative expenses, and salaries.
Aerobloom, with a valuation of $16.11 million, is raising funds on Equifund. It is an agriculture technology company that has developed proprietary aeroponics cultivation technology. Aerobloom’s technology and methodology help increase the yield of indoor plants with minimal water, soil, chemical, and fertilizer requirements. As a result, indoor growers get a scalable system for producing in-demand cash crops at market-competitive prices. Dale Devore founded Aerobloom in October 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for advertising and marketing, legal and accounting expenses, and general working capital.
Comrad, with a valuation of $25 million, is raising funds on Republic. The company makes premium compression socks designed for comfort and performance. The socks are meant to soothe and energize legs and feet while wearers are standing, sitting, traveling, exercising, or working out. The socks are designed with specific ranges of compression that increase circulation and provide wellness benefits. Comrad is on a $10 million revenue run rate as of the second quarter of 2022 and reports 223% annual revenue growth since its launch. Andrew Ferenci founded Comrad in October 2015. 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 product development, sales and marketing, infrastructure, and general working capital.
RedThread, with a valuation of $9 million, is raising funds on Republic. The company makes high-quality clothing using its patent-pending technology. Through its technology and just two photos, RedThread’s custom clothes fit to exact measurement. The company rejects outdated body standards and celebrates all body types and sizes. RedThread has reported 40% annual sales growth year to date, with 50% repeat purchases and a low 8% return rate. Meghan Litchfield and Sonia Martin founded RedThread in July 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 product development, hiring, marketing, and operations.
Boxabl, with a valuation of $3.36 billion, is raising funds on StartEngine. The company makes building modules that can be easily shipped, manufactured, and engineered for custom configurations. Boxabl’s building system is compatible with factory mass production and lowers home ownership costs. Boxabl has more than 100,000 reservations for its product and 4,000 paid deposits. The company currently has more than 17 patent filings and has launched a factory to produce its shippable homes. Paolo Tiramani and Galiano Tiramani founded Boxabl in 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,625,572.80. The campaign proceeds will be used for operations.
Mr. Momo is raising funds on SMBX. The business serves traditional Nepali dumplings spiced with ginger, turmeric, and other warm flavorings. The momos are filled with meats, organic vegetables, herbs, and spices. Mr. Momo sells its momos through a food truck in Phoenix, Arizona and has been designated as an approved supplier of the Super Bowl LVII Business Connect program. Subash Yadav founded Mr. Momo 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 to acquire a second food truck, working capital, marketing, and equipment.
MyButterfly.ai, with a valuation of $6 million, is raising funds on StartEngine. The company has developed an artificial-intelligence-powered app that helps people understand healthcare better. The app is driven by machine learning and acts as a virtual medical buddy to explain what the doctor is saying. MyButterfly.ai’s app is in the pre-revenue stage of development and is expected to enter the market by late 2023. Sam Adams and Fernando Sanchez founded myButterfly.ai in July 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,000,000. The campaign proceeds will be used for research and development and marketing.
Brady’s Bakery is raising funds on Mainvest. It is a baked-to-order, boutique-style bakery in Los Angeles, California. The bakery makes plus-sized, soft-baked cookies that are hand rolled and individually weighed at four ounces. The cookie flavors include chocolate chip and walnut, red velvet and white chocolate chip, oatmeal and cranberry, and more. Reece Scelfo founded Brady’s Bakery in January 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $120,000. The campaign proceeds will be used for co-packer, startup, and development costs and equipment and packaging upgrades.
Chakra Bowls is raising funds on Honeycomb. It is a family- and community-oriented cafe in Poughkeepsie, New York. The cafe serves healthy food options, including smoothie bowls, cold-pressed juices, nourishing grain bowls, and avocado toast. The foods are based on Ayurveda, an alternative medicine system with roots in India, and work as natural healing systems for the body. Chakra Bowls has won several awards, including best vegan menu in 2020, best gluten-free menu in 2020 and 2021, and best grain bowls in 2021 and 2022. Lauren Hoheusle founded Chakra Bowls in July 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $135,000. The campaign proceeds will be used for bathroom renovation, electronics, marketing, kitchen equipment, decor, drinkware, and more.
Investii, with a valuation of $10 million, is raising funds on Wefunder. It is a financial app that helps people build wealth, develop savings habits, and create alternative credit. The app acts as a centralized hub for people to control all their financial accounts and use personalized strategies to maximize their net worth. It also automates and rewards savings habits and moves money into interest-bearing accounts. Nishant Deshpande founded Investii in October 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 marketing and user interface and user experience development.
Relay On Demand, with a valuation of $30 million, is raising funds on Wefunder. The company’s app lets drivers without a truck drive different carriers’ trucks on their own schedules, and trucking companies low on trucks can also book truck drivers on demand. Carriers can join the Relay Drivershare Network with a monthly subscription. Relay On Demand has more than 10,000 app downloads and has generated $6 million in sales to date. Darrell Pickens founded Relay On Demand in April 2018. The current crowdfunding campaign has a minimum target of $50,003 and a maximum target of $534,998. The campaign proceeds will be used for marketing, hiring, and technology development.
ABBY by GOGOTECH, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a new personal electric vehicle for adults with reduced mobility. The wheelchairs are safe, advanced, and affordable. They come with features such as smart push-rim technology, conventional rear-wheel-drive format, and quick-release components. ABBY by GOGOTECH also has a modular battery, remote control, reverse camera, adjustable armrests, and an upcoming mobile app. John Debenedette founded ABBY by GOGOTECH in September 2021. 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 prototypes, packaging design, US warehouse and operations, mobile app and software development, and marketing.
