Below you will find the newest RegCF equity crowdfunding raises that hit the crowdfunding market this week. For additional information, we encourage KingsCrowders to click on the company’s name for more details, updates on what each startup is raising, and the ideas they are bringing to the marketplace.
For new KingsCrowders, please note that these are not recommendations but simply meant to inform our readers of new investment opportunities.
We will also keep providing you with more updates on the following deals as they progress. Particularly if we feel they meet our criteria of being worthwhile as potential investments.
Orion Span, with a valuation cap of $5 million, is currently raising growth capital with crowdfunding on SeedInvest. The company plans to launch an Aurora Station, which will be a luxury space hotel and human spaceflight platform. The station will be pre-loaded on the ground for immediate service, and as the demand increases, the station can expand due to its scalable design. Orion Span was founded by Frank Bunger. It is currently raising crowdfunding with a minimum raise of $25,000 and a maximum raise of $1,070,000, of which $4,000 has been raised so far. Orion Span has already signed up with established aerospace partners like Sierra Nevada Corporation and has obtained hundreds of media mentions.
VIAAS is raising funds on SeedInvest, with a pre-money valuation of $6 million. The company is a provider of cloud-based commercial video surveillance. It offers VIAAS Video Surveillance as a Service (VSaaS) through channel partners, VARs, and system integrators. VIAAS was launched in 2008 under Barracuda Networks and was spun out as a separate company in June 2017. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $1,070,000, of which $11,004 has been raised so far. VIAAS has a strong IP portfolio, with three issued patents and two trademarks. It has already generated $1.7 million in revenue since 2017.
Mercurius Biorefining is raising crowdfunding on NetCapital. The company is developing REACH technology to convert biomass into jet fuel and diesel. It is a low-cost process and considered to be more capital efficient than the competing technologies. Mercurius was founded by Karl Beck in 2010. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, of which only $101 has been raised so far. The company has a promising future as REACH technology is expected to be an important climate change mitigation technology in the future.
Phenomix Sciences, with a valuation cap of $9.6 million, is raising via WeFunder. The company is revolutionizing the weight-loss therapy by identifying the phenotype of obesity and creating specific treatment procedures. A simple blood test will be used to determine precise medicine for an individual’s weight-loss process. Phenomix was founded in 2017 by Andres Acosta. It has already raised $140,661, and the current round has a minimum raise of $200,000 and a maximum raise of $1,070,000, of which $50,311 has already been raised. Phenomix offers a breakthrough technology to target four different obesity phenotypes, and it has a large market with over 40% of the adults in the US being obese.
Giggles N’ Hugs is raising crowdfunding on WeFunder. It is a gourmet restaurant for parents and kids, with a custom play area for kids. It was created as a family restaurant so that parents can eat and relax, and kids can keep themselves entertained. Giggles N’ Hugs was founded by Joey Parsi in 2004. It has already raised $48,240 from investors and is currently raising funds through crowdfunding, with a minimum raise of $300,000 and a maximum raise of $1,070,000, of which $28,040 has been raised so far. Giggles N’Hugs operates at two locations with 2017 combined revenue of $2.6 million. The per store net profit margin has increased up to 30%, and the company will use the net proceeds to open a third location.
Charles & Company, with a post-money valuation of $1.2 million, is raising crowdfunding on NetCapital. The company is a luxury tea brand that combines the traditional British approach with an American twist. Teas are blended with essential oils, spices, and natural flavors. Charles & Company was founded by Lawrence Charles and Scott Huthmacher. In the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $107,000, the company has not been able to raise any money so far. Charles & Company is the only American tea brand associated with British Royalty. It has brought tea as a luxury and has two revenue streams for future growth, wholesale and direct-to-customer retail.
The Waffle Bus is raising crowdfunding on NextSeed. The Waffle Bus is the brick-and-mortar restaurant of the food truck The Waffle Bus. It has proprietary recipes for delicious waffles and fried chicken. The food truck was set up by Phi Nguyen in 2012, and after years of success in mobile business, he raised $0.95 million to open the permanent restaurant in 2017. The current round of funding has a minimum raise of $50,000 and a maximum raise of $107,000, of which $107,000 has already been raised. Nguyen is an experienced owner who is also one of the owners of another restaurant named Pho Spot.
ToGoBOX, with a post-money valuation of $2.7 million, is raising funds on StartEngine. ToGoBOX uses the many-to-one delivery model to reduce delivery fees. It picks up food from many restaurants and delivers to the customers at $1 delivery fee per order. ToGoBOX was founded by Tae Lee and Glenn Jeon in August 2017. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $107,000, of which $19,145 has been raised so far. ToGoBOX currently delivers to three pick up locations, with over 300 active users and an 80% recurring customer rate. It has also achieved a 30% monthly increase in registered users and 16% increase in monthly orders.
Blendtopia is raising crowdfunding on MicroVentures, with a valuation cap of $1.5 million. The company has its line of ready-to-blend nutritious smoothie kits. It provides solutions to the problems faced by the consumers due to a lack of healthy food options. Blendtopia was founded by Tiffany Taylor in 2015. This round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $107,000, of which $3,455 has been raised so far. Presently, the smoothie kits of Blendtopia are available in 1,013 stores in the US, and it has a partnership with Whole Foods to sell products in 364 locations nationwide. Blendtopia has generated year-to-date revenues of $0.4 million in 2018, which is an 83% increment over 2017.
CaryRx is raising crowdfunding on WeFunder, with a valuation cap of $8 million. CaryRx is an on-demand tech-enabled pharmacy with free same day delivery. The orders can be placed through the app and medicines are delivered at the doorstep. It was launched in August 2017 by Areo Nazari. The current round of crowdfunding has a minimum raise of $100,000 and a maximum raise of $1,070,000, of which $21,500 has been raised so far. CaryRx is a good investment as within 7 months of launching; it has an annual revenue run rate of $0.5 million. It has a customer retention rate of 99% and has filled more than 5,000 prescriptions for over 1,400 patients.
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