April 20, 2020

New Deals for the Week Ending 4/17/2020

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.

New Green

New Green, with a pre-money valuation of $3.27 million, is raising funds on Fundanna. The company plans to open a retail store, Devine, selling CBD and other health and wellness products. New Green will also develop a new way to fund and license cannabis businesses in Massachusetts. New Green is owned by Ari Zorn and Heidi Zorn, with a combined experience of 46 years in small business ownership. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $500,000, will be used towards rent, events & travel, goods and products, marketing, retaining and hiring staff, buildout, and general company expenses. New Green has already secured the location for its retail store and targets to open it by Summer 2020. 

NYCE Co.

NYCE, with a $25 million valuation cap, is raising funds on WeFunder. The company owns, develops, and operates apartment buildings in NYC Metro, Philadelphia, and Washington DC, and allows women and millennials of color to own a part of a $57 million real estate portfolio. NYCE aims to bring over 100,000 millennials to co-own real estate with them and build wealth for the generation. NYCE was founded by Philip Michael and Martin Braithwaite in January 2020. 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 towards marketing, business operations, technology, and property management. NYCE has projects valued in the millions under development and is led by an award-winning team of professionals. 

Elemeno Health

Elemeno Health, with a $12 million valuation cap, is raising funds on Republic. It is a medical information platform that serves as a personal assistant for doctors and nurses. Elemeno Health facilitates team communication and point-of-care training and is playing a phenomenal role in the fight against COVID. Elemeno Health was founded by Dr. Arup Roy-Burman and Ed Nanale in January 2016 and has raised approximately $3 million since its inception. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used towards sales and marketing, product development, and meeting the growing demand during COVID-19. Elemeno Health has generated more than $900,000 in lifetime revenues, with projected annual revenue of over $8.3 million by 2022.

Hello Baby

Hello Baby, with a valuation cap of $10 million, is raising funds on Republic. The company has developed a bundle of high-quality mobile apps for parents and future parents. The apps of Hello Baby include Hello Belly, a parenting guide, Baby Tips, a parental guide for babies between the age of zero to three years, Baby Snap, an app to capture one-second videos of babies, and Hello Baby, a smart parental assistant. Hello Baby was founded by Tim Raiter and Vitaliy Urban in 2015 and has raised over $1.5 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used towards marketing and product development. Hello Baby has 1.7 million registered users and has generated $900,000 in revenue to date. 

Exotic Parrots

Exotic Parrots, a pet store in McAllen, TX, is raising funds on MainVest. The store sells birds, especially hand-fed baby parrots. The other offerings of Exotic Parrots include premium bird food, toys, bird-care services, and advice on taking care of birds. It is a one-stop-shop for all needs related to birds and provides excellent customer service. Exotic Parrots is owned by Nader Izzatali, a bird enthusiast. The current round of crowdfunding has a minimum goal of $15,000 and a maximum goal of $25,000, and the proceeds will be used to pay for the lease, electric, POS system, spectrum, employees payroll, and parrot food during COVID-19. Exotic Parrots is led by Izzatali, who has been selling birds and related services for over seven years and is very passionate about birds. 

Keyno

Keyno, with a $6 million valuation cap, is raising funds on WeFunder. The company has created a solution to online credit card and debit card thefts through dynamic CVV codes. The dynamic CVVKey of Keyno replaces the static 3-digit CVV codes on credit cards and debit cards and keeps changing multiple times a day to offer complete data security. Keyno was founded by Robert J Steinman and Lester Diaz in April 2019 and has raised over $250,000 since its founding. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $500,000, will be used towards sales and marketing, IT costs for servers and development consultants, and legal and compliance fees. Keyno is offered in collaboration with Visa and has over ten bank prospects in the sales pipeline.

MagNet Analytics

MagNet Analytics, with a pre-money valuation of $6.8 million, is raising funds on WeFunder. The company is working as a chain of automated retail kiosks that sell high-priority products at high traffic locations. The kiosks of MagNet provide detailed information about the products along with instant gratification. MagNet Analytics was founded by Eduardo Alvarez in 2018 and has raised over $150,000 since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,069,994, and the proceeds will be used towards engineering for kiosk set-up, purchasing kiosks from manufacturers, business development, and working capital. MagNet Analytics has had 20 pilots, including partners like Disney, McDonald’s, and a Warren Buffet company. 

CellarStash

CellarStash, with a valuation cap of $6 million, is raising funds on SeedInvest. It is an online wine marketing company that has partnered with wineries to change the way wine is advertised directly to the consumers. The business model of CellarStash aims to provide access to wines without the associated costs of inventory ownership. CellarStash was founded by Robert Imeson in February 2020. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $600,000, and the funds will be used towards subscriber marketing, winery development, website upgrades, and operating expenses. CellarStash already has a memorandum of understanding with Vingo, a strategic marketing agreement for participating wineries, and a marketing agreement with Splash.


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