March 3, 2020

New Deals for the Week Ended 03/01/2020

Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowders 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.

Hempazon

Hempazon, with a pre-money valuation of $3.06 million, is raising funds on Fundanna Crowdfunding. The company has created a trusted shopping network for e-commerce, delivery, distribution, and warehousing for the hemp and CBD industries. Hempazon is a marketing company first and is adding e-commerce to its offerings. The company was founded by Elias Tobias, a serial entrepreneur and a branding fanatic. The current round of crowdfunding of Hempazon has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used towards salaries, equipment, office space, operations, escrow and legal expenses, and domains and hosting. Hempazon is using its popularity and vast reach to create sustainable relationships between the customers, vendors, and communities.

Fleeting

Fleeting, with a $10 million valuation cap, is raising funds on Republic. The platform connects commercial truck drivers with trucking companies offering on-demand trucking jobs. The drivers provided through Fleeting are vetted by background checks, drug tests, and previous employment reviews. Through Fleeting, the truck companies only pay for the hours worked by the drivers and thus manage efficiencies. Fleeting was founded by Pierre Laguerre, Anil Jagarlamudi, Paul Munguia, and Benny Hammond in April 2018. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for product development, driver acquisition, and new market expansion. Fleeting is backed by prominent investors and has reported a 20% month-over-month growth in 2019.

LaneAxis

LaneAxis, with a pre-money valuation of $7.9 million, is raising funds on StartEngine. The company is implementing SaaS technology into the supply chain industry to eliminate outdated processes. The patented technology of LaneAxis uses a data-fuelled network to connect shippers with carriers and automates shipping management. LaneAxis was founded by Rick Burnett in 2015, and the Pro Truck Driver app was launched in the fourth quarter of 2019. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to scale the network, customers, and revenue. LaneAxis is led by a strong team and has strategic partnerships to ensure its growth and expansion.

Brackett Productions

Brackett Productions, the production house behind Brackett the movie, is raising funds on WeFunder. The movie is based on the life of Super Bowl Champ Gary Brackett, including his tough journey from the streets of Glassboro, NJ to the Super Bowl. Brackett, the movie depicts Gary’s guts, grit, and determination. Brackett Productions is led by Gary Brackett and Tom McCabe, along with a creative team with over 60 years of combined experience. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used towards script payments, pension and health contributions, hiring the casting director, beginning the production, and legal and administrative expenses. The story is written by a renowned writer and will be validated by Gary Brackett himself.

SunState Laboratories

SunState Laboratories, with a pre-money valuation of $5 million, is raising crowdfunding on WeFunder. It is a disruptive brand changing the household cleaner industry. SunState Laboratories develops sustainable cleaning products in the form of effervescent tablets, DAZZ. Consumers can make their own household cleaner by mixing DAZZ with plain tap water. SunState Laboratories was founded by David Shahan in 2012. The current crowdfunding round has a minimum raise of $100,003 and a maximum raise of $1,069,998, and the proceeds will be used towards operational expenses, digital marketing campaigns, new manufacturing equipment, new compostable retail packaging, and website refresh. SunState Laboratories has received several awards for its products and sold over 12,000 units in 11 minutes on the Home Shopping Network.

The Upperow

The Upperow, a luxury fashion brand for exclusive clothing for men, women, and children, is raising funds on Honeycomb Credit. The brand is one of the most desirable fashion houses and is known for its design, quality, craftsmanship, and attention to detail. The Upperow was founded by Anthony E Thompson and LaToya M Thompson and opened its first retail store in Detroit in November 2019. The current round of crowdfunding has a minimum target of $15,000 and a maximum target of $25,000, and the funds will be used to invest in marketing and to bring a new line of spring and summer clothes. The Upperow earned around $43,000 in revenues in 2019 and plans to expand into the e-commerce space.

Illusio

Illusio, the world’s first augmented reality platform for cosmetic surgery, is raising funds on Equifund Crowd Funding Portal. The company has a pre-money valuation of $15 million and owns a state-of-the-art patented technology that increases the visualization for procedures like liposuction and breast implants. Using Illusio technology, the doctors can present real-time three-dimensional visualizations to patients. Illusio was founded by Ethan Winner, Kyle Song M.D., and Preston Platt. The current round of crowdfunding of Illusio has a minimum raise of $20,000 and a maximum raise of $1,070,000, and the funds will be used towards marketing, advertising, leasing costs, repayment of indebtedness, and general working capital. Illusio has a strategic partnership with Mentor Worldwide, a global brand in breast implants.

Roula

Roula, with a valuation cap of $3.2 million, is raising funds on MicroVentures. The company offers bike rentals and guided rides and acts as a bike concierge platform. The members can access exclusive merchandise for cyclists, bike rentals across a network of cycling companies, in addition to a members’ lounge, terrace, and cafe. Roula was founded by Mark Voysey in 2017 and has raised over $500,000 in previous rounds of funding. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $107,000, and the proceeds will be used towards marketing, technological development, rent, and salaries for staff. Roula has hosted corporate events for big brands like Lululemon and Assos. The company generated $131,165 in revenues in 2019, up by more than 200% from 2018.

Mighty Quinn’s Barbeque

Mighty Quinn’s Barbeque, with a $40 million valuation cap, is raising funds on SeedInvest. The restaurant serves authentic slow-smoked barbecue, made of the highest quality ingredients. Mighty Quinn’s Barbeque has a 13,000 square foot facility serving its corporate and licensed locations and has launched its US franchising program. The restaurant was founded by Micha Magid, Christos Gourmos, and Hugh Mangum in 2012 and raised $3 million in its Series A round of financing in 2017. The current crowdfunding round has a minimum target of $1,200,000 and a maximum target of $4,000,000, and the funds will be used for marketing and franchisee acquisition, corporate support, and general corporate purposes. Mighty Quinn’s Barbeque reported over $18 million of sales across its nine corporate locations in 2019 and achieved a 26% CAGR from 2013 to 2019.

Sail to Trail WineWorks

Sail to Trail WineWorks, an urban winery in Worcester, MA, is raising funds on MainVest. The winery provides an industrial edge to vineyard vibes and serves great wine. The limited-edition wines of Sail to Trail WineWorks are made after extensive research and with the very best grapes. It offers bottled wine, tasting room experience, wine subscription, and online wine delivery. Sail to Trail WineWorks was founded by Chris Simpson, a former engineer but a wine enthusiast. The proceeds of the current round of crowdfunding, with a minimum goal of $75,000 and a maximum goal of $107,000, will be used to expand product offerings and for space improvements. Sail to Trail WineWorks already has a loyal customer base in the Worcester region and has a competitive advantage of being the only urban winery in the area.

Sienna Sauce

Sienna Sauce, with a valuation cap of $5 million, is raising funds on Republic. The company offers a variety of healthy and mouth-watering sauces that can be used on seafood, poultry, meat, and vegetables. The sauces of Sienna Sauce are gluten-free and HCFS-free. The three current flavors include Tangy, Spicy, and Lemon Pepper. Sienna Sauce was founded by Tyla-Simone Crayton and has raised $35,000 in funding at pitch competitions. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to expand the brand in over 100 stores in the US by 2021. Sienna Sauce has already sold over 25,000 bottles in 50 retail locations and is currently a profitable company with profit margins between 66% and 68%.

Skinz.gg

Skinz.gg, with a pre-money valuation of $8 million, is raising funds on StartEngine. It is a brand for the gaming community and creates CBD-based solutions for the physical and psychological problems of gamers. Skinz.gg has partnered with a leading cannabis research firm, PlantEXT, to create a 40-ingredient solution for gamers. Skinz.gg was founded by Natalia Sokolova and a team of leaders skilled in gaming, marketing, and social media. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the proceeds will be used for research and development and expansion of the product line. Skinz.gg stands at the intersection of two booming markets: CBD and gaming, and aims to grow strong. The company launched its wellness line at the 2020 Super Bowl, with ESTV and NFL Alumni Association.

Biopact Cellular Transport

Biopact Cellular Transport, with a valuation of $30 million, is raising funds on Equifund Crowd Funding Platform. The company has a unique patented intracellular delivery technology that transports gene-editing technologies to cells effectively, safely, and affordably. The delivery mechanism of Biopact Cellular Transport will help reduce the cost and increase the effectiveness of therapies like CRISPR, TALEN, and CAR-T. Biopact Cellular Transport was founded by Kurt Swogger and is led by Randy Kinsel as the President. The current crowdfunding round of the company has a minimum target of $20,000 and a maximum target of $1,070,000. Biopact Cellular Transport’s MGMR technology is protected by 77 patents worldwide and has the potential to revolutionize cellular medicines.

Ronin Harrisburg

Ronin Harrisburg, a premium boutique event venue in Houston, is raising funds on NextSeed. The company already operates Ronin Art House with two event spaces that combine industrial aesthetics with a sophisticated edge. Ronin 1 and 2 can accommodate up to 75 guests each while Ronin Harrisburg, the upcoming third location, will be able to host larger events. Ronin Art House was founded by Nebyou Bedru in 2013, and the same team is building Ronin Harrisburg. The current round of crowdfunding has a minimum target of $75,000 and a maximum target of $107,000, and the funds will be used towards construction, marketing, operating expenses, bar equipment, furniture and fixtures, signage, and kitchen equipment. Ronin Harrisburg will be led by an experienced management team and targets revenues to exceed $650,000 in the first year and reaching over $1.1 million by the fourth year.

eCarra

eCarra, with a valuation cap of $1 million, is raising funds on WeFunder. The company provides luxury electric car ride share services and is a part of the clean disruption. eCarra delivers clean and luxurious experiences in electric Tesla cars and also plants a tree for every ride. eCarra was founded by Rock Robinson and Kevin Shea in 2018 and has raised over $225,000 since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $107,000, will be used for marketing, software development, and hiring part-time team members, full-time operations lead and fleet manager. eCarra already has over 1,800 members with a retention rate of 98% and generated revenues of more than $85,000 in less than 12 months.

Little Radish Provisions

Little Radish Provisions, a grocery store in Salem, MA, is raising funds on MainVest. The business will provide Salem residents and tourists with a centrally-located and walkable grocery location. Little Radish Provisions aims to focus on locally-sourced produce and dairy products and dry goods and prepared foods. Little Radish Provisions is owned by Courtney West and Gordon West, with years of experience in the food world, retail, and marketing. The current round of crowdfunding has a minimum goal of $75,000 and a maximum goal of $107,000, and the proceeds will be used for securing the lease, location build-out, and initial equipment. Little Radish Provisions is led by experienced founders and has already identified a loyal customer base in the Salem area.

Zelgor

Zelgor, with a post-money valuation of $4.76 million, is raising funds on NetCapital. The company is building a galaxy of interconnected games, with a strong lifetime value. Zelgor aims to use a freemium business model where the games will be free to play, but the company will monetize through the sales of merchandise and advertising. Zelgor was founded by John Fanning Jr in 2012. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $535,000, and the proceeds will be used to complete the development of Noobs in Space, launch in major markets, and to start the soft launch in test markets. To bring its game Noobs in Space to life, Zelgor is partnering with Disruptor Beam and has another game, NoobTubez, in development.

Reset IV

Reset IV, with a pre-money valuation of $10 million, is raising funds on StartEngine. The company’s platform allows individuals to order IV treatments and restorative infusion to their location on-demand. Reset IV brings health and wellness to users’ locations and deals with migraines, food poisoning, and hangovers. Reset IV was founded by Daniel Rubenstein in October 2017 and treated more than 3,000 patients in the first ten months of operation. The proceeds of the current round of crowdfunding of Reset IV, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used to diversify the business into new states and cities. Reset IV has generated over $3.7 million in revenues in the two years of its operation and reported an 84.51% increase in sales from 2018 to 2019.

Epilog AI

Epilog AI, with a pre-money valuation of $9.19 million, is raising funds on StartEngine. The company’s digital vision technology can manage all the visual tasks and uses artificial intelligence to create artificial human vision technology. The technology can recognize intricate details in large spaces and finds use in the transportation and automotive sectors. Epilog AI was founded by Michael Mojaver and Lance Mojaver in 2015. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. Epilog AI has eight granted patents and one pending patent on its technology. The company has developed Epilog Luma, an 8K vision camera system, and Epilog Sherpa, offering driving automation.

Anthony’s Cookies

Anthony’s Cookies, with a pre-money valuation of $4 million, is raising funds on WeFunder. It is a gourmet cookie company that makes cookies from the best ingredients in a variety of flavors. Anthony’s Cookies currently operates two stores in the Bay Area. It was founded by Anthony Lucas in 2009 when the first store was opened in San Francisco, followed by the second store opening at Berkley in 2017. The current round of crowdfunding has a minimum goal of $60,000 and a maximum goal of $400,000, and the proceeds will be used towards website development, food machinery, packaging, and leasing a delivery vehicle. The company has a 22-year old legacy and has strategic partnerships with brands like Four Barrel Coffee, Central Milling, and Straus Creamery.

Melanoid Exchange

Melanoid Exchange, with a pre-money valuation of $11.8 million, is raising funds on BuyTheBlock. It is a mobile app platform that connects entrepreneurs of color with the world through booking and e-commerce. Melanoid Exchange allows product and services vendors to come aboard its platform and sell their products. Melanoid Exchange was founded by Jovante Ham and Darsha Carter. The current round of crowdfunding of the company has a minimum goal of $15,000 and a maximum goal of $107,000, and the funds will be used towards advertising, development costs, and legal expenses. Melanoid Exchange offers a customizable storefront for vendors, with a host of marketing tools.

Roots & Vine Produce and Cafe

Roots & Vine Produce and Cafe, with an estimated valuation of $215,000, is raising funds on BuyTheBlock. The company works as a cashless market at the convenience store level. It is connecting farmers to people and people to real food and is revolutionizing neighborhood convenience shopping. Roots & Vine Produce and Cafe was founded by Ena Jones and is growing through a franchise model. The minimum goal of the current crowdfunding round is $36,000 and the maximum goal is $68,700. Roots & Vine Produce and Cafe expects to grow at a fast pace and expects sales to be between $150,000 and $250,000.

Salem Gnu Kitchen

Salem Gnu Kitchen, a community kitchen in Salem, MA, is raising funds on MainVest. It is a commercial kitchen along with a culinary incubator. Salem Gnu Kitchen provides Salem community with a venue for food-centric classes, tours, and seminars and also allows entrepreneurs to create offerings that can be sold through retail stores. Salem Gnu Kitchen was founded by Roy Bene, a passionate food-lover. The current round of crowdfunding of Salem Gnu Kitchen has a minimum target of $75,000 and a maximum target of $107,000, and the proceeds will be used to scale build-out of the fast-growing community kitchen. Salem Gnu Kitchen has a proven demand in its area and has a competitive edge due to its central location.

Room and Boards Cafe

Room and Boards Cafe, a board game cafe in Boise, ID, is raising funds on MainVest. It is a go-to board game cafe and bistro for remote workers, homeschoolers, gaming groups, and families. The cafe has an average monthly revenue of $8,000, with a profit margin of 10%. Room and Boards Cafe is owned by Scott Pepper in September 2019. The crowdfunding campaign of the cafe has a minimum target of $15,000 and a maximum target of $25,000, and the proceeds will be used towards renovations, staff development, marketing, and menu and kitchen expansion. Room and Boards Cafe has a proven demand in Boise, with most of the customers making multiple visits per month.

Monkey Wrench Brewing Company

Monkey Wrench Brewing Company, a microbrewery in Suwanee, GA, is raising funds on MainVest. The brewery offers a taproom and beer garden and excels in craft beer. The brewers at Monkey Wrench Brewing Company combine award-winning homebrew recipes with their professional experience to create premium quality beers. Monkey Wrench Brewing Company was founded by Wayne Baxter and Joe Dreher, with years of home brewing experience. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $107,000, will be used to expand the brewery system and build a beer garden. Monkey Wrench Brewing Company has identified a loyal customer base in Suwanee and is one of the only two breweries in the city.


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