March 31, 2020

New Deals for the Week Ending 03/29/2020

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.

STAGES

STAGES, a film based on two musicians attempting to define success and purpose, is raising funds on WeFunder. The music film is about the courage it takes to put one’s career on stake for the things one makes and what it means to be a musician with something to say. STAGES is directed by Ryan Booth, produced by Henry Proegler, with Pulse Films as the EP. The team has already released a short prototype, The Heights, that had a successful festival run. The current round of crowdfunding of the film has a minimum goal of $150,000 and a maximum goal of $400,000, and the proceeds will be used towards production and post-production costs, including cast, crew, equipment, locations, editing, and digital advertising. STAGES is backed by an experienced team with many successful projects and features.

WaterWorks

WaterWorks, doing business as WWF Holdings, Inc., is raising funds on NetCapital. The company has a post-money valuation of $11.5 million and introduces investors to opportunities in technology companies and projects. Investors get to access WaterWorks’ online investment platform, find the companies the require capital, and invest in them. The investments also help in the acceleration of potential water solutions. WaterWorks was founded by Lon Johnson, Julianna Smoot, and Brian Spangle in 2018. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,000,000, will be used towards debt servicing, sales and marketing, operations, and personnel. WaterWorks is targeting investors interested in sustainable investing and is creating value both for investors and water companies.

A-Plan Coaching, LLC

A-Plan Coaching, with a valuation cap of $10 million, is raising funds on SeedInvest. The company uses proven coaching technology to optimize and scale traditional one-on-one coaching and facilitate frequent engagement. A-Plan Coaching allows teams and organizations to share consistent tools, language and approaches for standardized and holistic coaching. The company was founded by Michael Counts in 2017. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $700,000, and the funds will be used for technology and design, sales and marketing, training and QA/QC, and operations. A-Plan Coaching has renowned corporate clients and has already generated $197,000 in revenues as of March 10, 2020, compared to $228,000 in the full year 2019.

Grow With Jane

Grow With Jane, with a valuation cap of $2.5 million, is raising funds on MicroVentures. The mobile application helps novice and experienced recreational cannabis growers to cultivate their own plants. It assists the growers at all skill levels and every step of the process, from germination to flowering. Grow With Jane was founded by Nicolas Botti, Gaston Lozano, Daniel Kim, and Roque Terrani and has raised over $180,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum target of $25,000 and a maximum target of $107,000, will be used towards marketing, software development, and operations. Grow With Jane introduced new revenue-generating features in 2019 and has a daily average of 25,095 users on the platform.

Hey Rooster General Store

Hey Rooster General Store, a gift shop in Nashville, TN, is raising funds on MainVest. It is a modern version of a general store, connecting neighbors to artists and makers in the local and regional communities. Hey Rooster General Store is owned by Courtney Webb and has been in business for seven years. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $50,000, and the proceeds will be used to pay the expenses through coronavirus closure, refinance debt, and invest in inventory. Hey Rooster General Store has a loyal customer base in East Nashville and Hillsboro Village and an organic following of over 20,000 across social media platforms. It is one of the only two gift shops in the area and provides goods that are not available anywhere else in the area.

vRotors, Inc.

vRotors, with a $5 million pre-money valuation, is raising funds on StartEngine. The company is the future of drone racing and allows users to race real drones remotely from home using their personal computers. The technology will help users to race drones without buying them and become eSports champions. vRotors was founded by Neil Malhotra and John Zuur Platten in 2018. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to expand into hosting multiple tournaments simultaneously. vRotors generates revenue through viewing subscriptions, advertisement partnerships, and simulator. It is expected to grow well due to its disruptive technology and strong team.

Flower Turbines, Inc.

Flower Turbines, with a pre-money valuation of $26.01 million, is raising funds on StartEngine. The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. Flower Turbines was founded by Dr. Daniel Farb in 2013 and has raised over $1 million in previous rounds of crowdfunding. The current round of crowdfunding has a minimum target of $9,990 and a maximum target of $304,320, and the funds will be used for expansion in the northeast region of the US. Flower Turbines has four granted patents, and its turbines increase productivity by 20-50% due to the cluster effect.

Digital Brands Group

Digital Brands Group, doing business as DSTLD, is raising funds on WeFunder. The company has a pre-money valuation of $52.8 million and is the holding company of four direct-to-consumer brands. The brands under Digital Brands Group include DSTLD, ACE Studios, Bailey 44, and Ali & Jay. The brands relate to luxury lifestyle and digital-first. Digital Brands Group was founded by Mark Lynn and others in 2013 and has raised over $14 million since its inception. The proceeds of the current round of crowdfunding, with a minimum raise of $100,000 and a maximum raise of $1,069,999, will be used for product and inventory, working capital, marketing, and acquisition and IPO fees. Digital Brands Group currently has 1.2 million customers for the four brands it owns and generated revenues of $30.79 million in 2019.

Natural Machines, Inc.

Natural Machines, with a valuation cap of $15.5 million, is raising funds on WeFunder. The company has created a 3D food printing kitchen appliance, Foodini. The current version of Foodini has seven filed patents and helps to create food capsules that can be filled by the end users with fresh ingredients of their choice. Natural Machines was founded by Emilio Sepulveda and Lynette Kucsma in 2012 and has raised over $4 million since its inception. The current round of crowdfunding has a minimum goal of $100,000 and a maximum goal of $1,070,000, and the funds will be used to speed up sales and to launch the next version of Foodini with the additional ability to cook, with lasers. Natural Machines has already reached over 300 customers with its first product and is backed and funded by multiple grants.

MJE Handy Dandy Productions

MJE Handy Dandy Productions is raising funds on WeFunder for its film Revenge. Revenge is a film about killer puppets in an abandoned TV studio that gets terrorized by a magician from a 1960s children’s show. The film has been completed, and the company has signed a distribution deal with Acort International. MJE Handy Dandy Productions is led by Donald Borza as the President and Bill Immerman as the Executive Producer. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $74,000, and the proceeds will be used towards post-production payables and film’s marketing. The film Revenge was created by an expert and experienced team and stars horror legends and great rising stars.

Mevo Inc.

Mevo, with a pre-money valuation of $12 million, is raising funds on WeFunder. The company has made the world’s first and only camera for live streaming events, including personal events like weddings and gaming and professional events like classrooms, conferences, and red carpets. The Mevo camera is affordable and of high quality. Mevo was founded by Max Hoat in 2019 and has raised over $3.5 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $200,000 and a maximum target of $1,070,000, will be used to start the manufacturing of Mevo Start and fund team and operations expenses. Mevo has already sold over 90,000 cameras and generated $5.9 million in revenues in 2019.

Hot Oven Cookies

Hot Oven Cookies, a bakery in Springfield, MA, is raising funds on MainVest. It is a retro-modern cookie company that specializes in fresh-baked cookies in over 500 innovative flavors. Hot Oven Cookies has one micro-cookie shop unit, one indoor Cookie Kiosk, and two Cookie Mobiles. Hot Oven Cookies was founded by Shiela Coon, with more than ten years of baking experience. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $50,000, and the funds will be used for the completion of the buildout of the Cookie Kiosk at Bradley International, the launch of the Take & Bake Dough line, and targeted social media marketing campaign. Hot Oven Cookies has proven demand for its cookies and has a flourishing business model.

Aloha Tropical Bowls LLC

Aloha Tropical Bowls, a food truck in Jersey Shore, NJ, is raising funds on MainVest. The food truck aims to offer fresh organic acai bowls to the customers, including the Aloha Bowl, Coco’Loha Bowl, and Sunset Bowl. The company currently sells at farmers’ markets and plans to expand to multiple trucks, multiple storefronts, and even franchises. Aloha Tropical Bowls is owned by Chris Tobiens, with a lot of experience in the food and beverage industry. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $25,000, will be used for the purchase of a school bus to convert into a food truck and operating capital. Aloha Tropical Bowls already has a current average monthly revenue of $2,000, with a profit margin of 82%.

Smokey Vale

Smokey Vale, a men’s store in Brooklyn, NY, is raising funds on MainVest. It is a high-end barbershop that offers a collection of clothes and accessories for purchase, in addition to fostering collaboration and networking. Smokey Vale primarily targets men from mid-20s to mid-40s and provides styling in the form of haircuts, grooming, clothes, and accessories. Smokey Vale is owned by Paul Howlett, with vast experience in service and project delivery roles. The current round of crowdfunding has a minimum goal of $30,000 and a maximum goal of $107,000, and the proceeds will be used to renovate and launch the first brick and mortar location. Smokey Vale has identified a loyal customer base in Prospect Heights and surrounding areas in Brooklyn and is led by an experienced team.

TrustFund

TrustFund, with a post-money valuation of $2.6 million, is raising funds on NetCapital. The company is doing business as Impact X Partners, LLC, and works as a fintech platform to help people achieve financial wellness. TrustFund offers its customers a debit card, which also works like a credit card in case of emergencies. The use of TrustFund platform also generates a TrustFund score that can be used as an alternative to the FICO score. TrustFund was founded by Nathan Pinto and Frank Santoni in 2019. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used towards branding, new product development, customer service platform integration, and the CTO salary. TrustFund helps individuals manage their finances and also assists those overlooked by mainstream banking products.

GRIT BXNG

GRIT BXNG, with a valuation of $15 million, is raising funds on Republic. It is a group fitness studio that offers its signature workouts, high-intensity group fitness classes, with boxing at the core of the regimen. GRIT BXNG also has a full liquor bar for clients to hang out after the classes. GRIT BXNG was founded by Bill Zanker, Ediva Zanker, and Dylan Zanker in 2018 and has already raised over $5 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $180,000 and a maximum target of $1,069,998, will be used to open its next location and to work on a GRIT-At-Home product. GRIT BXNG reached $2 million in gross revenue in its sixth month itself and had over 70,000 reservations booked in its classes in the first seven months.

SideHustle App Inc

SideHustle App, with a valuation cap of $3 million, is raising funds on WeFunder. The application allows small and medium businesses to reduce their digital advertising costs and showcase their products and services through the app at no cost. On the other hand, the buyers save money and earn money by referring the deals through word of mouth. SideHustle App was founded by Alex Kabir in 2019. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $300,000, and the proceeds will be used towards salaries, sales and marketing, and working capital. SideHustle App has already had 266,000 downloads to date and is naturally viral. Additionally, the business of the SideHustle App is agile and globally scalable.


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