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.
Zephyr Aerospace, with a $5 million valuation cap, is raising funds on Republic. The company has designed a lie-flat seat for the Economy Class of airlines. The patent-pending design is compliant with social distancing norms and will ensure the comfort and privacy of the economy class travelers. The seat has multi-functional usage, including sitting upright, lounging, and lying completely flat. Zephyr Aerospace was founded by Jeff O’Neil in December 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used for R&D to pass certification by the Federal Aviation Association, design development, and sales. Zephyr Aerospace has a partnership with the award-winning aerospace design company Style & Design and is prepared to disrupt the airline industry.
It’s By U, with a valuation cap of $8 million, is raising funds on Republic. The company is developing a marketplace where flower growers can sell their surplus flowers to customers and businesses, thereby eliminating flower waste. The floral subscription boxes of It’s By U are curated from excess farm flowers and save up to 50% compared to florists. It’s By U was founded by Caroline Strzalka and Christine Strzalka in December 2017 and has raised over $1.1 million since its inception. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000. The funds will be used to fully develop the floral marketplace, hire a management team, and create new products. It’s By U has the first to market advantage and has already sold over 1 million stems to thousands of customers.
Insense, with a $10 million valuation cap, is raising funds on Republic. The company is redesigning digital advertisements with a data-driven approach. The platform connects marketers with influential content creators, and its machine learning capability analyzes performance data to find correlations. The platform helps marketers save money by connecting them with high potential creatives. Insense was founded by Danil Saliukov, Anton Saliukov, and Alex Fedorenko in August 2016 and has raised over $1.5 since its founding. The funds from the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for customer acquisition and expansion of sales and marketing teams. Insense demonstrated a 2x year-over-year growth in 2019, resulting in gross sales of $1.5 million. The company is currently working with top clients like Nestle, P&G, and L’Oreal.
Backyard Soda Co., with a valuation cap of $2.75 million, is raising funds on Republic. The company makes and sells craft CBD sodas and mixers that are high on fun and flavor. The products of Backyard Soda Co. include CBD simple syrups, CBD sodas, and simple syrups. They are simple, handcrafted, all-natural, savvy, and social. Backyard Soda Co. was founded by Jonathan Schulz and Leah Schulz in May 2019 and has already raised over $237,000 since its inception. The current crowdfunding campaign of the company has a minimum goal of $25,000 and a maximum goal of $350,000. The proceeds will be used to bring the brand into focus, hire more sales staff, and source more ingredients from single sources. Backyard Soda Co. is already retailing at more than 80 stores in Colorado, with its eight varieties of flavored syrups and three options of sparking sodas. The company is on track to reach more than 300 stores in 2020 with a gross margin of 62% in two years.
Love Conquers All Unisex Salon
Love Conquers All Unisex Salon, a health & beauty service provider in Brooklyn, NY, is raising funds on MainVest. The salon offers nail, hair, lashes, and makeup application services to the clients, and caters to all health and beauty needs. Love Conquers All Unisex Salon also offers beauty supply needs for DIY guests and caters to all hair types. The salon was founded by Donnette Lyttle, who has decades of experience in beauty and fashion. The current round of crowdfunding has a minimum target of $40,000 and a maximum target of $50,000, and the funds will be used towards inventory and working capital during COVID-19, renovations, and reopening of marketing. Love Conquers All Unisex Salon has proven demand at its current location and plans to open up its second location in Astoria or Long Island in the next couple of years.
Cheech & Chong Ready to Drink Chill Shot
Cheech & Chong Ready to Drink Chill Shot, the creator of relaxation beverages, is raising funds on Fundopolis. The company is soon to launch convenient and better-tasting relaxation remedies, including both CBD and non-CBD options. The non-CBD shot is made with Valerian Root, Rose Hips, and Vitamin B, while the CBD shot contains 25mg of water-soluble nano CBD. Cheech & Chong Ready to Drink Chill Shot was founded by John Miszuk in April 2020 and has already launched its website. The current crowdfunding has a minimum raise of $50,000 and a maximum raise of $249,999. Cheech & Chong Ready to Drink Chill Shot is entering a fast-growing segment of the beverage industry and is poised to grow rapidly.
PittMoss, with a $7 million valuation cap, is raising funds on Republic. The company makes next-generation soil that is good for plants and the planet. PittMoss soil is made from upcycled material and allows more air, water, and nutrients to reach the plants. The products of PittMoss are made from locally-sourced ingredients, like organic paper waste, which are then broken down, processed, and recycled. PittMoss was founded by Mont Handley in January 2015 and has raised over $4.45 million since its inception. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $1,070,000. the proceeds will be used to expand the sales, marketing, production, and distribution efforts. PittMoss is already selling in more than 150 stores in 22 states of the US and has generated over $900,000 in revenue to date.
Comala, a Mexican restaurant in Brooklyn, NY, is raising funds on MainVest. It is a Mexican eatery and specialty food store selling authentic Mexican products and dishes, including fresh handmade nixtamal tortillas, molletes, enfrijoladas, tacos, tortas, linens, pottery, Mexican dry goods, and Columbian coffee. The restaurant caters to commuters, freelancers, local residents, and everyone who enjoys good food. Comala is owned by Andres Valencia and Sofia Cerda, avid food lovers. The current crowdfunding campaign has a minimum raise of $40,000 and a maximum raise of $45,000. The funds will be used to open the first physical location. Comala has already been doing pop-up events and catering and has a proven demand and loyal customer base for its physical location.
IX Water, with a pre-money valuation of $13.1 million, is raising funds on StartEngine. The company uses its proprietary and environment-friendly technology to recycle industrially contaminated water. The patented technology of IX Water is at least 50% less costly and environmentally feasible. The systems remove 99.81% of the contaminants in water at less than 50% of the cost of traditional methods. IX Water was founded by John R. Deal and Randall Wilson in 2014. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to grow and expand the operations. IX Water’s proprietary technology was invented by scientists at Los Alamos National Laboratory, in collaboration with the University of Texas and New Mexico Tech. The company began its commercial sales program in 2019 and has received its first three purchases.
Viroment, a builder of high-tech agricultural facilities, is raising funds on Wefunder. The company builds and leases technologically advanced agricultural facilities to the world’s top pork producers. The barns made by Viroment are fitted with odor-eliminating manure filtration technology, which also creates high-value dry fertilizer in the process. Viroment was founded by Paul Koenig in January 2020. The funds from the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $1,000,000, will be used towards equipment, marketing and advertising, land acquisition, preconstruction costs, and legal and accounting expenses. Viroment is creating high-tech barns of the future at lower costs, less regulation, and high sustainability.
Fuego Fino, with a pre-money valuation of $1.7 million, is raising funds on Wefunder. It is an eco-friendly wine and spirits company that bottles and distributes high-quality wines and spirits. The products are bottled close to where they are consumed to reduce costs and maintain quality. The company imports the highest quality spirits and distributes them to liquor stores and consumers. Fuego Fino was founded by Jessica Contreras in 2017 and has raised over $150,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum goal of $50,005 and a maximum goal of $249,995, will be used to invest in product and supply chain and manage the operating and general and administrative expenses. Fuego Fino is into the business of a recession-proof product and already has its products in over 50 locations.
Airgility, with a pre-money valuation of $12.02 million, is raising funds on StartEngine. The company makes autonomous aerial systems that can fly even in areas with limited or no GPS access. The unmanned aerial vehicles of Airgility can be used for search, rescue, protection of borders, and delivering medical supplies to remote areas. Airgility was founded by Pramod Raheja and Evandro Valente in April 2017 and has been awarded a National Science Foundation grant. The company’s current crowdfunding campaign has a minimum target of $9,999.66 and a maximum target of $1,069,999.59. Airgility has one patent issued and two patents pending and has had five successful deployments with the Department of Homeland Security. The drones of Airgility use artificial intelligence and machine learning to perceive the surroundings, map areas, track objects, and provide analytical feedback.
Deuce Drone, with a post-money valuation of $12.8 million, is raising funds on NetCapital. The company designs, makes, and sells drone delivery systems to be used by retailers. It solves the last mile delivery problems by reducing both costs and delivery time. Deuce Drone was founded by Blaine Holt and Rhett Ross in 2019. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $962,000, and the funds will be used towards engineering & development, marketing, and general and administrative expenses. Deuce Drone has already signed two revenue-generating contracts with retailers in the southeast and has begun the authorization process to become a licensed air carrier. The company is led by an experienced management team and has a team of engineers from top engineering schools.
Kangaroo, with a valuation cap of $80 million, is raising crowdfunding on Republic. The company provides hub-less cloud-based home security to everyone. The security system is affordable, simple, and focused on the privacy of the users. The company also offers professionally-monitored service at $10 per month. The current products of Kangaroo include The Privacy Camera and Photo Doorbell. Kangaroo was founded by Maximum Yaney, Dhruv Garg, James Xu, and Victor Meng in February 2018 and has raised over $18 million since its founding. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used to launch the products in mass volume, increase brand recognition, mature insurance distribution, and develop more products. Kangaroo has more than 20,000 users and is targeting 83% of homes in the US.
Mellow, with a $3 million valuation cap, is raising funds on SeedInvest. The company has created a device that works as a sous-chef and cooks using the sous-vide technique on the countertop. The technique ensures that the ingredients are neither undercooked nor overcooked and uses energy efficiently. Mellow was founded by Vanessa Dominguez and Zalmi Duchman in 2018. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000, and the proceeds will be used for product development, industrialization, marketing and sales, operations, and Mellow Meal Kit development. Mellow has a strong IP portfolio and has already activated 6,400 Mellow V1 units since its launch.
