May 18, 2020

New Deals for the Week Ending 05/17/2020

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.

 

Snowball Money

Snowball Money, with a $6 million valuation cap, is raising funds on Republic. The company uses decentralized finance to cater to all the digital investment needs of individuals. The platform gives access to global high-yield investments and generates digital asset accounts and puts the customers in control through the Snowball Money dApp (decentralized app). Snowball Money app also offers a diversified portfolio made up of gold, art, venture capital, real estate, and cryptocurrencies. Snowball Money was founded by Parul Gujral in May 2018 and has raised over $1.1 million since its inception. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $600,000, and the funds will be used to build an open financial system. Snowball Money already has more than 10,000 beta users, with over 220,000 on the waitlist. It has solid partnerships with Monarch Wallet, artsquare.io, and other major players.

 

Jar Goods

Jar Goods, with a valuation cap of $5.5 million, is raising funds on Republic. The company is revolutionizing the ready-to-cook foods industry with its mindful, healthy, and high-quality ready-to-cook pantry staples. The products of Jar Goods include pasta sauces, vegan vodka-style tomato sauce, and beet and basil pesto. Jar Goods was founded by Melissa Vitelli and Laura Vitelli in March 2013 and has raised over $350,000 from friends and family since its founding. 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 to grow and expand the product line. Jar Goods presently has its products available online and in 1,300 stores through four distributors. The company has sold over 500,000 jars and has generated $1.5 million in lifetime sales.

 

ALFADAN

ALFADAN, with a $15 million pre-money valuation, is raising on StartEngine. The company is redefining the outboard engine through its marine-specific design. The proprietary design of ALFADAN creates engines with 50% more horsepower, 50% less moving parts, and less weight when compared to traditional engines. ALFADAN was founded by Alberto Araujo in 2017. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000. The funds will be used to introduce new products, increase brand awareness, and increase the market share. ALFADAN is led by an experienced team creating a paradigm-shifting product. The ALFADAN engines have better performance, low cost, and less fuel consumption compared to the old designs.

 

Ancient Essentials

Ancient Essentials, a manufacturer of superior-quality CBD products, is raising funds on Fundopolis. The company sources 100% of its hemp from suppliers that grow it in greenhouses and plant it in organic potting soil. Thus, the products of Ancient Essentials are pure and meet strict quality guidelines. The products of Ancient Essentials include organic and non-GMO CBD tinctures and are available in independent pharmacies and top-level health food stores. Ancient Essentials was founded by Amy Taylor and Thomas Eugene Taylor in 2019. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $100,000, and the proceeds will be used to overcome the coronavirus pandemic and start its aggressive marketing campaign. Ancient Essentials is on its way to success and made profits in the first month of its operations.

 

Flexable

Flexable, with a valuation cap of $4 million, is raising funds on Republic. It is a B2B company that offers on-demand and safe childcare services to companies and their employees. The childcare services can be provided at workplaces and at events around the country. During the ongoing COVID pandemic, Flexable also offers online Virtual MiniCamps to people working remotely at home. Flexable was founded by Priya Amin and Jessica Strong in 2016 and has raised more than $500,000 since its inception. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $481,500, and the proceeds will be used to grow the business contracts to over 400 and increase the revenue. Flexable has already provided services at over 1,000 events and across 150 business relationships. The company has generated $200,000 in gross revenue to date and is expected to reach $6 million in revenues by 2022.

 

Animal Life Sciences

Animal Life Sciences, with a valuation cap of $6.5 million, is raising funds on Republic. It is an innovative pharmaceutical development company applying human health innovations to veterinary medicine. The company licenses, develops, and commercializes safe and effective treatments from some of the deadly diseases in cats and dogs. Animal Life Sciences was founded by Dr. Waldemar Priebe in August 2018. The proceeds of the current crowdfunding campaign, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used to continue the development of technologies and its proprietary line of healthy pet food and supplements. Animal Life Sciences has already licensed ten patent-pending medications and plans to launch its products through e-commerce in late 2020.

 

Fruit Street Health

Fruit Street Health, with a pre-money valuation of $104.3 million, is raising crowdfunding on StartEngine. It is a telehealth company offering telemedicine services through its own business and partners. Fruit Street Health has its online diabetes prevention program recognized by CDC, in addition to its general telehealth software. Presently, Fruit Street Health is managing COVID-19 cases through its risk assessment, triage, and video consulting platform. Fruit Street Health was founded by Laurence Girard in 2014 and has raised over $20 million since its inception. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $250,000, and the funds will be used to grow the CovidMD platform. Fruit Street Health is working towards providing trust and access to quality care in the times of public health crises and plans to keep growing.

 

Skidmark Garage

Skidmark Garage, a community access motorcycle garage, is raising funds on Honeycomb. The garage has a unique business model where there are no mechanics on duty. The members get all the tools and lifts to work on their motorcycles, and they do all the work themselves. During their membership with Skidmark Garage, the members have access to the garage’s tools and lifts and space to keep their motorcycles. Skidmark Garage was founded by Brian Schaffran in 2014. The current round of crowdfunding of the garage has a minimum raise of $10,000 and a maximum raise of $25,000, and the proceeds will be used to pull the business through COVID-19. Skidmark Garage inspired the reality show “Wrench Against The Machine,” and has been featured on the cover of several industry magazines.

 

Ferretly

Ferretly, with a pre-money valuation of $4 million, is raising funds on SeedInvest. It is a platform that uses artificial intelligence technology to analyze social media posts of subjects and reduce risks to brands, employees, and the bottom line of organizations. The company has major background screening companies as its clients. Ferretly was founded by Darrin Lipscomb and Craig Eddy in 2019. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $600,000. The funds will be used towards marketing, research & development, inside sales, and general & administrative expenses. Ferretly achieved over 200 online signups within nine months of its launch and has seven reseller deals with background screening companies. It has analyzed more than 1 million posts, with over 13,000 flags, since its launch.

 

ALBI

ALBI, with a valuation cap of $5.5 million, is raising crowdfunding on Wefunder. The software uses natural language processing and artificial intelligence technology to automate the process of taking minutes of meetings. ALBI captures and summarises meeting notes, captures action items, and shares them with the team, working as a smart personal assistant. ALBI was founded by Cody White and Met Wu in 2018 and has raised over $500,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum target of $350,000 and a maximum target of $600,000, will be used in engineering, sales and marketing, and operations. ALBI can be integrated with Google Hangouts, Google Calendar, and Zoom, and already has more than 30 beta customers, including three Fortune 500 companies.

 

Mary Celeste Whiskey and Wine Library

Mary Celeste Whiskey and Wine Library, a whiskey bar in Marion, MA, is raising funds on MainVest. The bar is expected to open soon with the largest collections of whiskeys and other brown spirits. It will also offer light appetizers and desserts, including baked brie with walnut bourbon and a cheddar and gouda cheese plate. The bar also plans to host weekly tastings and periodic seminars to attract customers. Mary Celeste Whiskey and Wine Library is owned by Mike Achilles, a certified Whiskey Ambassador. The current round of crowdfunding has a minimum goal of $79,000 and a maximum goal of $107,000, and the proceeds will be used to complete the buildout and renovation of the whiskey and wine library. Mary Celeste Whiskey and Wine Library is the only whiskey bar on the south coast of Massachusetts and has an efficient business model.

 

HPEC

HPEC, with a valuation of $6 million, is raising funds on Fundopolis. The platform leverages Self Sovereign Identity (SSI) technology to eliminate the conflict between physicians and their Hippocratic Oath. The technology gives physicians the ownership of their data and reduces the influence of third parties on their relationship with their patients. HPEC was founded by Leah Houston in 2019 and raised $170,000 from friends and family in January 2020. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used for the completion of the development of the platform. HPEC is restoring privacy and trust in the healthcare industry and giving physicians higher control over their credentials and digital identity.

 

Vansanity

Vansanity, with a valuation cap of $10 million, is raising funds on Wefunder. The company functions in the aesthetic medical sector by offering cloud medical spas. Aesthetic practitioners can avoid the upfront capital expense of a facility and rent medical workspace on-demand from Vansanity. The company rents space and machines to professionals on an hourly basis, with little or no overheads or fixed costs. Vansanity was founded by Ignacio Fanlo, Danny DeMarco, and Blake Moser in 2018 and has raised more than $1.6 million since its founding. The proceeds of the current crowdfunding round, with a minimum raise of $250,000 and a maximum raise of $1,070,000, will be used towards sales, marketing, operations, and capital equipment. Vansanity is led by an experienced team of medical recruiters, medical salespeople, medical spa owners, and entrepreneurs. The first location is already functional in Boston, and the company plans to be in over 25 locations.

 

Amnion Life

Amnion Life, with a $12.5 million valuation cap, is raising crowdfunding on Wefunder. The company has developed an artificial womb for preterm infants to replicate the fluid environment of the mother’s womb. The device, AmnioBed Golden Hour, uses synthetic amniotic fluid to prevent traditional hypothermia in preterm infants and decreases other related complications. Amnion Life was founded by Amir Fassihi in 2016 and has raised more than $1.4 million since its inception. The current round of crowdfunding has a minimum goal of $125,000 and a maximum goal of $535,000, and the funds will be used for R&D costs for engineering and pre-clinical safety testing, ongoing regulatory and risk management, and other legal and accounting expenses. Amnion Life has two issued patents in the US and China, while the patents are pending in Europe, Japan, India, and Australia.

 

Soulmate Brewing Company

Soulmate Brewing Company, with a pre-money valuation of $1.65 million, is raising funds on Wefunder. It is a veteran-owned craft brewery in Morrisville, Vermont, aimed at making people happy and bringing them together. The brewery will provide a place for brewers to experiment and will honor the active, retired, disabled, and honorably discharged veterans through a 10%-15% discount. Soulmate Brewing Company was founded by Jonathan Mogor and Carol Mogor in 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $75,002 and a maximum target of $274,999, will be used to build the brewing plant and purchase boilers, chillers, kegs, brite tanks, and fermentation tanks. Soulmate Brewing Company is led by a strong team of brewers with decades of experience and is expected to have lower overall costs than other brewers.

 

Champions of Diversity

Champions of Diversity, with a pre-money valuation of $7 million, is raising funds on WunderFund. The company uses innovative recruitment methodology and social media to offer employment to diverse job seekers, irrespective of their location, race, religion, gender, and physical barriers. Champions of Diversity holds online virtual career fairs that have become more important than ever during the COVID-19 pandemic. The company was founded by Orville Lynch, Jr. in 2017. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $250,000, and the proceeds will be used for platform development and application marketing & promotion. Champions of Diversity is already profitable and generated over $500,000 in revenue in 2019. The company has recently partnered with National Career Fairs to manage all of their online career fairs.

 

QuantmRE

QuantmRE, with a valuation cap of $8 million, is raising funds on Republic. The real estate finance platform allows homeowners to access their home equity and get cash from it without any interest, monthly payments, or added debt. QuantmRE originates and funds a Home Equity Agreement, which is an equity-based solution and not a reverse mortgage, loan, or line of credit. QuantmRE was founded by Matthew Sullivan and Dave Sterlitz in December 2017 and has already raised $1.8 million in seed capital. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to increase the sales and marketing efforts, continue the development of its Home Equity Agreement trading platform, and fund general working capital. QuantmRE has already provided $1.5 million to homeowners in the past three months, with over $3.5 million in the pipeline. The solution will support many families that need funds during the current unfortunate times.

 

YouSolar

YouSolar, with a $10 million pre-money valuation, is raising funds on StartEngine. The clean-energy company has created PowerBloc, a solar and battery system that delivers clean power to the modern world. PowerBloc uses modular power architecture to integrate solar, utility, and generator power to run an entire house or business. The system is easy to install and stores solar energy from the Sun. YouSolar was founded by Arnold Leitner in 2010. The current crowdfunding round of the company has a minimum goal of  $9,999.91 and a maximum goal of $1,069,999.89, and the proceeds will be used for growth and expansion. YouSolar has been a National Finalist in the 2018 CleanTech Open and has been powering an off-grid house in California for over eight months.

 

MinusG

MinusG, an allergy-friendly bakery in Chardon, OH, is raising funds on Honeycomb. The bakery specializes in gluten-free and allergy-friendly products for those who have gluten-intolerance, celiac disease, or food allergies. The products include pizza crust, bread, pancakes and waffles, muffins, pie crust, chocolate chip cookies, and chocolate cake. All the ingredients are locally sourced and preservative-free. MinusG was founded by Katherine Krage, a fifth-generation baker, in 2015. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $65,000, will be used to complete the buildout of the commercial manufacturing facility, hire more staff, and make the space compliant. MinusG  has a loyal customer base, with consistent 5-star reviews. The products of MinusG are free from 16 allergens and contain nothing artificial.


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