New Deals for the Week Ending 8/7/22 - KingsCrowd

August 8, 2022

New Deals for the Week Ending 8/7/22

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.

 

Steve & Bennys Chicken Shack

Steve & Bennys Chicken Shack is raising funds on Honeycomb. The business runs food trucks and restaurants that sell sandwiches with fried chicken and homemade sides. Steve & Bennys Chicken Shack offers food made with high-quality ingredients and has an expanded menu to satisfy all appetites. Steve Gates and Ben Dougherty founded Steve & Bennys Chicken Shack in June 2022. The current crowdfunding campaign has a minimum target of $40,000 and a maximum target of $125,000. The campaign proceeds will be used for food truck signage, restaurant equipment, transportation, marketing, and employee hiring and training.

 

Espre Technologies

Espre Technologies, with a valuation of $43.6 million, is raising funds on StartEngine. Its NvisiLink family of chipsets and sensors bridge the gap between wireless connection and data protection. Espre Technologies’ products help save innocent bystanders in an ambush attack by using the Agmas (acoustic gun monitoring alert systems) protocol. The company has both public and private support with grants and investments from the US Department of Defense and other organizations. John Terry founded Espre Technologies in July 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $4,703,476. The campaign proceeds will be used for working capital, marketing, and operations.

 

Fenwick’s Distilling

Fenwick’s Distilling is raising funds on Mainvest. It is the distilling branch of Fenwick Farms Brewing Company in Rensselaer, Indiana. The distillery will add value and diversity to the brewery. To begin with, it will produce rum, vodka, gin, and young whiskey. Fenwick’s Distilling has already secured its location and is ready to start its journey. Kenneth VanHouten founded Fenwick’s Distilling in February 2022. The current crowdfunding campaign has a minimum target of $65,000 and a maximum target of $250,000. The campaign proceeds will be used for equipment, building renovation, marketing, initial raw materials, and operating budget.

 

Bula Technologies

Bula Technologies, with a valuation of $12.5 million, is raising funds on Wefunder. The company has developed a platform for users to dare or challenge their friends to anything at any time and anywhere. The Bula app tracks challenges from start to end, allows people to compete for glory and prizes, and shares their stories for the world to see. Bula uses advanced technology and is the first platform to engage all challengers and viewers. Jack Booty, Josh Booty, and Michael Caplovitz founded Bula Technologies in January 2021. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $500,000. The campaign proceeds will be used for development, marketing, team salaries, travel, and other expenses.

 

Hook & Irons Golf and Social Lounge

Hook & Irons Golf and Social Lounge is raising funds on Mainvest. It is an upcoming golf simulator and lounge in Pennsville, New Jersey. The bar and lounge will be a great destination for friend groups, date nights, parties, and corporate events. Hook & Irons Golf and Social Lounge will also offer a multi-sports package and show any televised event on local cable. Fred Ayars and Johnny Maxwell III founded Hook & Irons Golf and Social Lounge 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 interest payments during construction.

 

Prime Diversity

Prime Diversity, with a valuation of $8.9 million, is raising funds on Netcapital. It is a full-service diversity, equity, and inclusion solutions provider that connects small businesses to prime opportunities. Its prime advisors work closely with respective clients and provide services including searching, vetting, compliance reports, engagement, references, and license verification. Al Paisley, Andrew Dillard, Joel Carter, Angel Jose, and Gary Rushin founded Prime Diversity in December 2021. 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 compensation, planned platform enhancements, technology development, software licensing, marketing, and more.

 

GoMe.ai

GoMe.ai, with a valuation of $14.3 million, is raising funds on StartEngine. The company has developed a product that delivers personalized and mobile-driven artificial intelligence (AI) leadership coaching. The product, CI Coach, works for employers and employees and offers confidential insights for effective meetings and personalized development paths. GoMe.ai is based on behavioral methodology and machine learning. James Hart founded GoMe.ai in February 2018. The current crowdfunding campaign has a minimum target of $9,998.75 and a maximum target of $1,069,980.50. The campaign proceeds will be used for research and development, marketing, and operations.

 

Formulation Compounding Center

Formulation Compounding Center is raising funds on Honeycomb. It is a compounding pharmacy that creates custom medications for patients. The pharmacy uses FDA-approved ingredients and operates in its state-of-the-art facility with cleanrooms certified by the International Organization for Standardization. The facility is safe, efficient, and conforms to the highest compounding standards. The business generated revenues of just under $1 million in 2021. Tabraiz Khan founded Formulation Compounding Center in October 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 state licensures, back-end software implementation, front-end software implementation, and hiring.

 

Koning

Koning, with a valuation of $230.2 million, is raising funds on StartEngine. The company has developed a revolutionary breast imaging technology that offers real isotropic 3D imaging. The Koning Breast CT creates high-contrast 3D breast images with high spatial resolution without the painful compression of mammograms. Koning has received FDA approval, Chinese Food and Drug Administration approval, and CE mark clearance. It is designed for highly accurate early detection of breast cancer. Dr. Ruola Ning founded Koning in January 2002. The current crowdfunding campaign has a minimum target of $9,997.33 and a maximum target of $2,898,855.85. The campaign proceeds will be used for marketing, research and development, hiring, and operations.

 

VonMercier

VonMercier, with a valuation of $20 million, is raising funds on Republic. The company is building an amphibious electric hovercraft called the Arosa. Arosa is a sports hovercraft that can travel over land and water. The hovercraft also helps to reduce global emissions. VonMercier has developed the directional control system for the hovercraft and has laid the foundation for hover vehicles to be quieter and easier to use. Michael Mercier founded VonMercier 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 hiring, manufacturing the Arosa, marketing, facility improvements, and more.

 

Cask & Kettle

Cask & Kettle, with a valuation of $10.3 million, is raising funds on StartEngine. The company makes and sells hard coffee and cider cocktails. Cask & Kettle combines high-proof distilled spirits, slow-roasted decaffeinated coffee, and bold flavors to create its k-pods. The k-pods contain liquid cocktail concentrate and can be brewed in any Keurig-Style brewing system or by pouring the pod into hot or iced water. Cask & Kettle cocktails are sold by more than 1,300 retailers across 18 states in the US. The company reported 66% year-over-year sales growth at Meijer supermarket stores. Lucinda Wright and Pete Borozan founded Cask & Kettle in March 2022. 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, sales, working capital, and overhead costs.

 

Paladin Power

Paladin Power, with a valuation of $19.3 million, is raising funds on Equifund CFP. It is an energy storage solution provider that uses its proprietary system to power residences in the US. Its energy storage system (ESS) allows homeowners and small businesses to power their buildings and use the centralized grid as backup. The Paladin Power ESS has a stackable battery bussing system and scalable inverters that do not require any wiring to add additional capacity. Ted Thomas founded Paladin Power in April 2022. 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 inventory and inventory financing, staff and resources, channel sales training and development, mobile app development, and more.

 

Fisher Wallace Laboratories

Fisher Wallace Laboratories, with a valuation of $81.2 million, is raising funds on StartEngine. The company manufactures and sells wearable medical devices for mood and sleep disorders, including insomnia, anxiety, and depression. The Fisher Wallace Stimulator stimulates the brain to produce serotonin, a chemical that plays a key role in mood and other functions, and modulate brainwave activity. The company has generated more than $30 million in lifetime revenue and has 14,000 prescribers. Kelly Roman and Charles Fisher founded Fisher Wallace Laboratories in August 2019. The current crowdfunding campaign has a minimum target of $9,999.35 and a maximum target of $1,000,084.77. The campaign proceeds will be used for research and development.

 

Introspective Power

Introspective Power, with a valuation of $100 million, is raising funds on StartEngine. The company has developed a patented cybersecurity defense that helps to remove all known network vulnerabilities. The technology does not stop cybersecurity problems as they happen but removes the opportunities for problems completely. Introspective Power’s multi-patented flagship product, SmokeNet, uses moving target defense and streaming transmission one-time-pad protocol. The company has new products on their way soon. Anthony Thompson founded Introspective Power in July 2013. The current crowdfunding campaign has a minimum target of $9,999.40 and a maximum target of $1,069,997. The campaign proceeds will be used for research and development, manufacturing, inventory, and more.

 

Early Bird Vegan

Early Bird Vegan is raising funds on SMBX. It is an everyday eatery in South Phoenix, Arizona that serves healthy, convenient, and delicious plant-based food to its customers. The offerings also include grab-and-go food and a wide array of plant-based green products. Early Bird Vegan also serves cold-pressed juices and health-boosting shots.Krystal Harris founded Early Bird Vegan 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 marketing and advertising, equipment purchase, construction of a second location, and working capital.

 

Queer Spaces

Queer Spaces, with a valuation of $8 million, is raising funds on Wefunder. It is a queer app that spans the entire spectrum of more than 400 million LGBTQ+ people. The app, Spaces, creates a safe digital space for queer people without any discrimination. Users can discover other LGBTQ+ people authentically and chat with them over shared interests. Queer Spaces launched its minimum viable product in March 2022 and has been growing at 80% to 400% per month. Christof Wittig founded Queer Spaces in July 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,000,000. The campaign proceeds will be used for the engineering and marketing teams and marketing.

 

Maybe

Maybe, with a valuation of $10 million, 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 set financial goals, achieve them, and reach financial independence. Maybe is currently in a pre-revenue phase and aims to work on a monthly or annual software-as-a-system (SaaS) business model. Josh Pigford founded Maybe in March 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3,500,000. The campaign proceeds will be used for hiring, product infrastructure, marketing, and legal fees.

 

SecureX

SecureX, with a valuation of $45 million, is raising funds on StartEngine. The security company helps large enterprises secure their on-premises software to the cloud journey. Its products and services include a cloud-native application protection platform, cloud security posture management, and cyber asset attack surface management. SecureX is one of the only platforms to identify exploitable vulnerabilities and leverage AI to visualize predictive attack analysis. Harjinder Singh founded SecureX in December 2019. The current crowdfunding campaign has a minimum target of $9,996.80 and a maximum target of $1,069,998.40. The campaign proceeds will be used for working capital and research and development.

 

Sollievo Pharmaceuticals

Sollievo Pharmaceuticals, with a valuation of $20 million, is raising funds on StartEngine. The company has developed a fast-acting sedative in the form of an injectable benzodiazepine. The sedative, Proviza, causes rapid sedation in agitated and aggressive patients and protects healthcare staff from injuries and abuse. Proviza is highly water soluble and works in five to 10 minutes. Robert Schultz founded Sollievo Pharmaceuticals in February 2018. 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 research and development, operations, loan repayments, and more.

 

Chewbox

Chewbox, with a valuation of $37.3 million, is raising funds on Seed At The Table. The company has developed an on-schedule SaaS tool for food service companies and their customers. The software platform enables food companies and their customers to decrease the cost of manufacturing, distributing, and purchasing meals. Chewbox works in partnership with top culinary minds and optimizes food services for food and beverage vendors, restaurateurs, and commissaries. Kim Gaston and Solomon Acosta founded Chewbox in May 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 attorney fees, future wages, repaying obligations, and working capital.

 

PanelTek ADU

PanelTek ADU, with a valuation of $10 million, is raising funds on Wefunder. The company makes easy-to-assemble lightweight panels that can be used to build accessory dwelling units (ADUs) in one day. The units are durable, energy efficient, soundproof, low maintenance, hypoallergenic, recyclable, and strong. Kurt Overmeyer, Rick Cartell, and Beth Cartell founded PanelTek ADU in May 2022. 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 marketing and branding, salaries and commissions, research and development, and certifications and approvals.

 

NetWire

NetWire, with a valuation of $6.8 million, is raising funds on Netcapital. It is a payment processing company that uses the internet and cryptocurrency to process transactions. The business offers convenient and real-time payments in any currency using email or cell phone. NetWire charges a fee per transaction and has also negotiated an agreement for international payments. Shannon Carmody Keyes founded NetWire in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $106,999. The campaign proceeds will be used for technology, marketing, and general and administrative expenses.

 

Legion Works

Legion Works is raising funds through Regulation A crowdfunding with Dalmore Group as the broker dealer. Legion Works buys SaaS companies and uses its skills to grow the companies’ profitability and revenue while maximizing shareholder value. The team has extensive contacts, impressive history, and first-hand industry knowledge. Ryan Bettencourt, Mike Kamo, Keiran Flanigan, and Grant Bostrom founded Legion Works in 2019. The current crowdfunding campaign has a maximum target of $41,693,957. The campaign proceeds will be used for the purchase and development of software assets, officers’ salaries, research and development, marketing and sales, travel and entertainment, and working capital.

 

Kurve Therapeutics

Kurve Therapeutics is raising funds through Regulation A crowdfunding with Rialto Markets as the broker dealer. The company’s patented Controlled Particle Dispersion intranasal drug delivery technology treats neurodegenerative disease by creating a focused flow through the curved pathways of the nasal cavity and allowing access to the olfactory region. Kurve Therapeutics’ technology has been featured in multiple publications and has completed phase 2 studies on Alzheimer’s patients. Marc Giroux, Tom McDowell, and Glenn Cornett founded Kurve Therapeutics in 2019. The current crowdfunding campaign has a maximum target of $50,000,000. The campaign proceeds will be used for asset purchase, marketing, clinical studies, contract manufacturing, and working capital.

 

HealthySole

HealthySole is raising funds through Regulation A crowdfunding with Rialto Markets as the broker dealer. The company has developed a shoe sanitizer technology that uses ultraviolet light to eliminate shoe-borne pathogens. The technology, HealthySole PLUS, reduces the risk of contamination, especially in hospitals, surgery centers, and long-term care facilities. The device kills 99.9% of pathogens found on shoe soles in eight seconds. Robert Kassel and Peter Kassel founded HealthySole in 2022. The current crowdfunding campaign has a maximum target of $40,000,000. The campaign proceeds will be used for sales and industry outreach, increasing manufacturing capacity, research and development, expansion of personnel, and more.

 

LaneAxis

LaneAxis, with a valuation of $75 million, is raising funds through Regulation A crowdfunding with Dealmaker Securities as the broker dealer. The company is revolutionizing the global supply chain industry by creating the first broker-free shipper-to-carrier direct freight network. The network is powered by blockchain and the AXIS utility token (a cryptocurrency token that is used as an application programming interface key). LaneAxis’ patented technology uses a data-fuelled network to connect shippers with carriers and automates shipping management. Rick Burnett founded LaneAxis in 2015. The current crowdfunding campaign has a maximum target of $20,000,000. The campaign proceeds will be used for customer acquisition and growth, platform and network development, sales and marketing, and working capital.

 

Oncolyze

Oncolyze, with a valuation of $30 million, is raising funds on SeedInvest through Regulation A crowdfunding. It is a biotech company aiming to treat cancer by exploding cancer cells. The first target demographic of Oncolyze is Acute Myelogenous Leukemia (AML), and its lead drug candidate, OM-301, has generated positive results in treating AML. Oncolyze has successfully completed in vitro and in vivo experiments and significantly increases survival rates. OM-301 has also received orphan drug designation from the FDA. Steven J. Evans founded Oncolyze in 2011. The current crowdfunding campaign has a minimum target of $2,700,000 and a maximum target of $15,000,000. The campaign proceeds will be used for pre-clinical and manufacturing, financing, wages and salaries, legal and accounting fees, and clinical trials.


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