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.
Provision is raising funds on MainVest. It is a coffee and cocktail bar, coffee roaster, and eatery based in Phoenix, Arizona. The business sources, roasts, and hand packs its coffee and has both retail and wholesale operations. Provision believes in bringing the community together through good quality coffee, food, and drinks. Daniel Suh and Lawrence Jarvey founded Provision in February 2015. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used to open a new location and to purchase the furniture, fixtures, and equipment for the new location.
Drewrys Company is raising funds on MainVest. The brewery has a distinguished brewing heritage and is coming back with a better brand and label. Drewrys Company uses high-quality and midwest ingredients and brings a lot of care and attention to the craft brewing process. Francis Manzo founded Drewrys Company in August 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $250,000. The campaign proceeds will be used to open a new location and to purchase the furniture, fixtures, and equipment for the new location.
Terraformation, with a valuation of $105 million, is raising funds on Republic. The company is working towards forest restoration to reverse climate change. It is restoring some of the world’s rarest dry forest ecosystems and has built the world’s largest 100% solar-powered, off-grid desalination system. Terraformation has already raised more than $10 million and has been featured in Fast Company, New Scientist, and The Guardian. Yishan Wong founded Terraformation in January 2020. 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 growth and expansion.
FinTron, with a valuation of $10 million, is raising funds on Netcapital. It is a digital platform that provides the latest investment tools, digital brokerage, and banking services to new investors. The offerings of FinTron include unlimited trading in more than 600 fractional securities, interest-bearing accounts, recurring investments with three levels of risks, a master budgeting tool, mock trading, and meal-calculating tools. FinTron also offers educational services with its simulated trading game, lesson plans, and competitive game-play. Wilder Rumpf, Matthew Fatse, and Adam Pulcyn founded FinTron in 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $170,001. The campaign proceeds will be used for digital marketing, salaries and wages, regulatory fees, data fees, and development costs.
Eli Electric Vehicles, with a valuation of $31.7 million, is raising funds on StartEngine. The company has designed an advanced, affordable, and efficient micro-EV to revolutionize urban trips. Eli ZERO will be half the size of a conventional car, less expensive, and highly energy efficient. The first model of Eli is fully approved and is being built to be sold through distributor partners in Europe. Marcus Li founded Eli Electric Vehicles in 2018. The current crowdfunding campaign has a minimum target of $9,999 and a maximum target of $3,499,996.50. The campaign proceeds will be used for growth and expansion.
Supporteo, with a valuation of $14.1 million, is raising funds on StartEngine. The company has developed an innovative industrial augmented reality and AI platform that offers reliable video communication between remote workforces, experts, and colleagues. The platform also helps to monitor and control IoT devices, speeds up picker’s work, and transmits videos from drones. Supporteo plans to launch sales in November 2021. Mykhailo Morozov, Nazarii Korobko, and Valerii Yasinovskiy founded Supporteo in April 2021. The current crowdfunding campaign has a minimum target of $9,999.72 and a maximum target of $1,069,996.83. The campaign proceeds will be used to expand into more regions, open new offices, build the sales team, and develop local partners.
Squarex, with a valuation of $99.1 million, is raising funds on Wefunder. The company is working on developing the prevention of oral herpes using a topical application to the arm. A single topical application to the arm will be enough to prevent outbreaks for more than four months. Squarex’s drug has completed Phase 2 clinical trials and is on the path to commercialization. Hugh McTavish and Thomas D. Horn founded Squarex in June 2012. 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 rent, debt repayment, testing, clinical trial, and drug manufacturing.
Fabulingua, with a valuation of $7.5 million, is raising funds on Wefunder. The company has developed a story-based mobile game that helps children learn new languages. The app is easily accessible at low cost, comes with fresh and interactive stories and games, and develops fluency efficiently and naturally. Fabulingua has reported 80,000 downloads in 18 months, and 75% of trials have converted to paying subscribers. Mark Begert and Leslie Begert founded Fabulingua in September 2017. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development, marketing support, and general corporate expenses.
Foodvine, with a valuation of $5 million, is raising funds on Wefunder. The business is creating a marketplace for people to discover and order food. The platform will inspire people to enjoy food from different cities in the comfort of their homes and will help chefs monetize their kitchens and promote their brand. Foodvine has a robust revenue model and is 30% cheaper than ordering from chain restaurants. Jordan Sakala and Jonathan Vasu founded Foodvine in March 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $500,000. The campaign proceeds will be used to support ongoing development and onboard vendors.
305 Fitness, with a valuation of $25 million, is raising funds on SeedInvest. The business offers cardio fitness programs and has studios across the US with certified instructors worldwide. 305 Fitness has seven flagship studios across the US and launched its at-home platform during COVID. The business has trained and certified more than 1,000 instructors to teach 305 Fitness in their local gyms and communities. Sadie Kurzban founded 305 Fitness in March 2012. The current crowdfunding campaign has a minimum target of $530,000 and a maximum target of $1,070,000. The campaign proceeds will be used for certification acquisition, music licensing, tech investment, brand marketing, studio operations, and legal and administrative expenses.
Eco Allies, with a valuation of $3.9 million, is raising funds on Netcapital. The company has developed sustainable and renewable proprietary technologies for the mitigation of climate change. The products and operations of the company can eliminate or reduce environmental damage and protect the world from becoming hotter. The SuperGreenTrees of Eco Allies are fast-growing and sequester large amounts of carbon dioxide. John Henry Honour VIII founded Eco Allies in July 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used to build a BioChar livestock feed facility, acquire more farmland, build a 120 kiln BioChar manufacturing facility, and prepare more land for planting SuperGreenTrees.
Cosmic Shielding Corporation is testing the waters on Spaced Ventures. The company has developed its state-of-the-art multifunctional shielding polymer that protects spacecraft from space radiation. The company aims to use its composite materials to build a permanent fixture in space and a more sustainable future on Earth. Cosmic Shielding Corporation has already signed five LOIs and contracts with potential customers and raised $1 million from leading space venture firms. Yanni Barghouty and Dr. Lembit Sihver founded Cosmic Shielding Corporation in August 2020. 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 growth and expansion.
Janover Ventures, with a valuation of $45.3 million, is raising funds on Dalmore Group. The company is combining digital technology and education to provide democratized access to commercial real estate debt capital. The platform works as the matchmaker between commercial real estate lenders and investors. Janover Ventures had more than one million website investors in 2020 and reported revenue growth of 185% in the same year. Blake Janover founded Janover Ventures in November 2018. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $3,933,554. The campaign proceeds will be used for growth and expansion.
Power Trucks USA, with a valuation of $5 million, is raising funds on Republic. The business sells and installs aftermarket truck accessories, including tires, wheels, lighting, stereos, bed liners, and other truck and light vehicle accessories. The company is also planning to create a unique franchised brand that will serve truck and jeep owners and dealers across the US. Power Trucks USA generated a revenue of $2.1 million in 2020 with strong gross margins of more than 41%. Jeffrey Shiring founded Power Trucks USA in April 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 the franchising process, infrastructure support, and marketing.
Daxbot, with a valuation of $37.3 million, is raising funds on StartEngine. The company has designed food delivery robots capable of driving themselves for deliveries and maintaining interactions with customers. The Dax food delivery robots will offer an interactive experience to customers along with performing the food delivery services. The patented technology of Daxbot is already being deployed through multiple partnerships across the US. Joseph Sullivan founded Daxbot in July 2021. The current crowdfunding campaign has a minimum target of $9,997.11 and a maximum target of $1,069,995.87. The campaign proceeds will be used for growth and expansion.
Duel Social, with a valuation of $8 million, is raising funds on Wefunder. The company has developed a dedicated social video challenge app for brands to allow users to engage in their branded challenges and earn. The app will also be beneficial for users and content creators. Duel Social app has been tested with 60 beta users and allows content creators to get 70% of their ad revenue. Jeffrey Carr founded Duel Social in May 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 product development, marketing, hiring, and admin expenses.
Card Blanch, with a valuation of $5 million, is raising funds on Wefunder. The company is combining all the bank cards and loyalty cards of users into one card. The one card of Card Blanch will consolidate and replace all the bank cards and rewards cards and will help users to decide which connected card is the best to use for a given merchant. Card Blanch has a partnership with Visa and has been featured on International Business Times, TechStartups, and Entrepreneur. Leo Goriev founded Card Blanch in May 2021. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used for IT development, marketing and sales, and administration and operations costs.
Moxi on the Rocks is raising funds on MainVest. The tasting room/blending house will rehabilitate a former engine room to create an all-inclusive library of locally-made beverages, including wines, beers, meads, ciders, and soda pop. Moxi on the Rocks is community-focused, supports small businesses, and follows a minimal waste philosophy. Tomas Nenortas and L. Jayne Dyer founded Moxi on the Rocks in November 2020. The current crowdfunding campaign has a minimum target of $20,000 and a maximum target of $500,000. The campaign proceeds will be used for Phase 2 design and construction.
Inspire Yoga is testing the waters on Silicon Prairie Online. The business offers yoga classes that help reduce stress, improve mood, increase metabolism, and strengthen the immune system. The Inspire Yoga community is guided by a best-in-class yoga teacher training program. Inspire Yoga operates in Denton County, Texas, and has won the best yoga studio award every year for the last 11 years. Adam J. Pilat founded Inspire Yoga in April 2021. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $500,000. The campaign proceeds will be used to complete the franchise process and offer franchises for sale across the country.
Diem Cannabis is raising funds on MainVest. It is an award-winning cannabis delivery platform that offers search engine optimization, operation flow, and regulatory compliance. The platform has delivered more than 75,000 cannabis home delivery orders and has made Diem one of the top home delivery companies in the US. Diem Cannabis has an average monthly revenue of $1.3 million and won the 2020 G.O.A.T. Cup for best-in-class flower. Chris Mitchem founded Diem Cannabis in 2017. The current crowdfunding campaign has a minimum target of $249,000 and a maximum target of $250,000. The campaign proceeds will be used to build a world-class marijuana farm in Massachusetts.
The Sniper Enterprise, with a valuation of $750,000, is raising funds on Wefunder. The company is offering an opportunity to invest in the professional boxing career of Ermal Hadribeaj. Ermal is an Albanian with an undefeated boxing career and a strong following. The investment in The Sniper Enterprise will support Ermal on his road to becoming a World Champion. Donato De Martiis founded The Sniper Enterprise in February 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $75,000. The campaign proceeds will be used for training and work stipend for Ermal, building up a fight record, advertising and marketing, and contingency costs.
Token Metrics, with a valuation of $80.6 million, is raising funds on Wefunder. The company has developed a platform that helps users build a profitable crypto portfolio using AI. The AI engine of Token Metrics analyses data and feeds optimized portfolios to crypto investors. Token Metrics currently offers a SaaS platform and Token Metrics TV and plans to offer robo-advisory soon. Ian Balina founded Token Metrics in October 2018. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $4,000,000. The campaign proceeds will be used for new hiring expenses, current employee payroll expenses, software costs, and general and overhead expenses.
For Bitter For Worse, with a valuation of $4 million, is raising funds on MicroVentures. The company makes non-alcoholic cocktails for discerning drinkers who are abstaining from alcohol. It uses high-quality ingredients to create layered and robust drinks without any artificial additives. For Bitter For Worse reported revenue growth of 700% through July 2021 compared to the same period in 2020. Shelley Elkovich and Jeff Heglie founded For Bitter For Worse in December 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 general marketing, equipment purchases, and future wages.
Urvin.Finance, with a valuation of $15 million, is raising funds on Wefunder. 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. Urvin.Finance provides good data, good tools, quality education, and global engagement for retail investors. Dave Lauer founded Urvin.Finance in June 2021. The current crowdfunding campaign has a minimum target of $500,000 and a maximum target of $2,500,000. The campaign proceeds will be used for marketing, software development, and software licensing.
Mariposa Technology, with a valuation of $4 million, is raising funds on Netcapital. The company has developed its handheld Raman spectrometer that provides hemp farmers with analytical information about their crops. Once the data about a specific variety of hemp is logged into the spectrometer, it can be used to optimize the hemp harvests. Mariposa Technology has also developed a testing protocol through an exclusive agreement with AgriLife Research and the Kurouski Laboratory of Texas A&M University. John Roberts and Mickal Adler founded Mariposa Technology in May 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 technical research and development, RS devices, professional services, rent, and compensation.
Glove City Brewing is raising funds on MainVest. The company plans to open an inviting and inclusive brewery in Gloversville. The brewery will offer high-quality locally-brewed craft beer and fresh home-made pub-style food. It will produce 16 kegs of craft beer per week and provide a rotational menu of craft beer. Edward Sturgess Jr. founded Glove City Brewing in September 2021. The current crowdfunding campaign has a minimum target of $90,000 and a maximum target of $105,000. The campaign proceeds will be used to acquire the property and make all the renovations for the grand opening in 2022.
RedSwan CRE, with a valuation of $55 million, is raising funds on SeedInvest. It is a blockchain-powered commercial real estate marketplace that allows investors to invest in off-market commercial real estate properties. The platform makes commercial real estate investing more affordable and liquid through digital asset CRE tokens. RedSwan CRE has already tokenized more than $2 billion worth of commercial real estate properties. Ed Nwokedi, Roy Malkin, and Don Oparah founded RedSwan CRE in 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 underwriting and production, sales, marketing, partnerships, operations, salaries, research and development, technology, and legal and professional expenses.
Nicolette, with a valuation of $9.5 million, is raising funds on Wefunder. The company has developed a platform to empower patients and their caregivers with data, education, and participation tools. The technology transforms raw health data into updates, insights, and curated education. Nicolette has competitive advantages, including patent-pending technology, EHR integration, network effects, and first-mover. Phil Martie, Michel Mikhael, and Seth Brickman founded Nicolette in October 2016. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The campaign proceeds will be used to expand the product into remote and telehealth capabilities and fund sales and marketing.
Palm Energy Systems, with a valuation of $5 million, is raising funds on Wefunder. The company is developing revolutionary solar energy devices with its Palm-e. Palm-e has an aesthetically pleasing design, high efficiency, high power output, and a high level of intelligence. Palm Energy Systems aims to reduce carbon footprint by more than 21,000 pounds of carbon dioxide per year. Rajiv Narain and Francois Mahu founded Palm Energy Systems in May 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $267,500. The campaign proceeds will be used for operational expenses, building a working prototype, and marketing expenses.
Team Topia, with a valuation of $10 million, is raising funds on Wefunder. The company has developed a team and league management platform. The flagship product of Team Topia, SwimTopia, is the online platform for US Summer/Rec swim teams with more than 1,800 customers and an annual revenue run rate of more than $1 million. Team Topia plans to expand to serve every sport. Mason Hale founded Team Topia in July 2011. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $1,070,000. The campaign proceeds will be used for product development and sales and marketing.
Wahi Nutrition, with a valuation of $12.5 million, is raising funds on SeedInvest. The company makes and sells a plant-based functional beverage known as wahiwater. Wahiwater is infused with pharmaceutical-grade plant extracts and allows users to drink intentionally. Wahi Nutrition sells its product through multiple grocery retailers, including HyVee, Lunds & Byerly’s, and Kowalski’s. Geoff Murphy founded Wahi Nutrition in May 2018. 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 inventory, R&D, general and administrative expenses, and sales and marketing.
Assetcoin is raising funds on PicMii. The venture capital fund invests capital in urban communities across America. The fund concentrates on real estate development, mortgage lending, construction projects, and qualified early-stage companies. The proprietary product of Assetcoin, Alternative for Collateralised Loan Obligations (ACLO), is designed to create opportunities for homeownership and asset acquisition. Duane Quamina founded Assetcoin in July 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5,000,000. The campaign proceeds will be used to invest in more urban communities.
Alpine-X, with a valuation of $40 million, is raising funds on Republic. The company develops indoor snow sports resorts that provide Alpine experience to skiers and snowboarders. The resorts of Alpine-X also make participation in snow sports inclusive, accessible, affordable, and convenient. Alpine-X has planned its first snow dome/hotel/entertainment complex in Washington, DC. John Emery and Jim Calder founded Alpine-X in June 2021. 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 to open new locations throughout North America.
Robot Cache is raising funds on Republic through Regulation A crowdfunding. The company has developed a PC game distribution platform utilizing the blockchain. The platform allows gamers to mine to get free top games and also resell their games. Robot Cache also helps publishers deploy their games easily without any additional work. Lee Jacobson and Mark Caldwell founded Robot Cache in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $30,000,000. The campaign proceeds will be used for content acquisition, user acquisition, marketing, loan repayments, and working capital.
Hammit is raising funds independently through Regulation A crowdfunding. The company designs, markets, and sells luxury handbags and accessories through traditional retail channels and online. The products of Hammit come with high quality and a lifetime promise of performance. Hammit has grown at about 30% per year, with a 115% three-year sales growth. Anthony Drockton and Andrew Forbes founded Hammit in 2008. The current crowdfunding campaign has no minimum target and a maximum target of $25,000,000. The campaign proceeds will be used for digital marketing, inventory, working capital, and opening additional retail locations.
