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 learn more about the concepts they are bringing to the marketplace.
Please note, what follows are not recommendations but are meant 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.
Coinseed, with a valuation cap of $6 million, is raising funds on SeedInvest. The Coinseed platform allows customers to invest their spare change directly into cryptocurrencies, without much technical involvement. The invested crypto can be traded or used to earn crypto-backs for online and offline purchases.
Coinseed was founded by Del Davaasambuu and Sukhbat Lkhagvadorj and has raised $133,890 in pre-seed funding. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $500,000, and the proceeds will be used for general expenses, hiring, and marketing. The user base of Coinseed has already reached 22,000, and the total trade volume crossed $25 million in the first half of 2019. The company generated $279,000 of revenues in 2018 and is positioned well to grow in the future.
DirecTech Labs, with a pre-money valuation of $11.5 million, is raising funds on SeedInvest. The flagship product of DirecTech Labs, Distro, uses artificial intelligence and behavioral science to make the gig workers and micro-influencers more efficient and productive. The behavior profiles further allow the companies to become more successful and valuable.
DirecTech Labs was founded by Jordan Zommick and Michael Bayan and has raised over $1.3 million in previous rounds of funding. The proceeds of the current crowdfunding round, with a minimum goal of $350,000 and a maximum goal of $2,000,000, will be used for development, marketing, team salaries, and general expenses. DirecTech Labs reported revenues of $770,000 in 2018, up 350% from the prior year, and the product performance has increased from a conversion rate of 3.28% in 2017 to 14.8% in 2019.
kulaBrands, a company with a community-based business model, is raising funds on TruCrowd. The company has a pre-money valuation of $28.1 million and supports entrepreneurs by providing them with ready-made funding, sales, and branding. The community members of kulaBrands vote on projects and decide which one they would like to fund. Pursuant to the determination of projects, the community members work on providing the three basic elements for the projects. kulaBrands was founded by Peter Gantner and Yaan Gulledge.
The current round of crowdfunding has a minimum target of $40,000 and a maximum target of $535,000, and the proceeds will be used for research & development, sales and marketing, operations, and software. Presently, the kulaBrands community backs 42 brands and has a 100% track-record with reward-based crowdfunding. The company has already raised more than $2 million for its 40 projects.
Pngme, a mobile lending marketplace with a valuation cap of $6.5 million, is raising funds on SeedInvest. The platform of Pngme is intended to connect lenders and borrowers through blockchain technology. The Pngme mobile app allows lenders to choose borrowers based on their credit score and risk profile and deploy capital in them to generate good rates of return. At the same time, the platform also aims to lower the cost of capital for the borrowers.
Pngme was founded by Brendan Playford and Cate Rung in 2018. The current round of pre-seed crowdfunding has a minimum target of $500,000, and the proceeds will be used for business development, engineering, operations, and legal, regulatory & compliance expenses. Pngme already has over 15,000 users on pre-launch waitlist and has signed LOIs with some big money lending companies.
Sunjoined, a decentralized hemp network with a valuation cap of $4 million, is raising crowdfunding on WeFunder. The company works as a network of hemp growers and farmers to get access to resources, grow, harvest, process, sell, and distribute hemp products. Sunjoined was founded by Lamar Wilson in 2019.
The current crowdfunding round of Sunjoined has a minimum goal of $50,000 and a maximum goal of $1,070,000, and the proceeds will be used to build its network, develop infrastructure, and to provide education, consultation, and equipment to the marginalized hemp farmers. The network members of Sunjoined are spread across six states and include more than 700 people.
Voyage Media, with a pre-money valuation of $16.1 million, is raising funds on WeFunder. The company functions as a bridge between the storytellers from outside the Hollywood system and the top producers, thus democratizing entertainment. Voyage Media was founded by Nat Mundel and has raised $684,145 since its founding.
The current crowdfunding round of the company has a minimum target of $100,000 and a maximum target of $1,000,000, and the proceeds will be used for marketing & PR, technology, film and TV production investments, and to pay off debt. Voyage Media has already produced seven films and seven TV projects, of which one has won an Emmy Award. The company demonstrates a bright future as it has partnered with Oscar-nominated professionals for some of its upcoming productions.
Ramp USA, with a post-money valuation of $3.87 million, is raising funds on NetCapital. The company aims to help people with disabilities through robotics. Ramp USA has manufactured Ramp Chair, an attachment that converts a manual wheelchair into an electric off-roading vehicle that can balance over obstacles and climb rocks!
Ramp USA was founded by Mel Du and has received the Thiel Fellowship $100,000 grant to grow. The current crowdfunding round of Ramp USA has a minimum target of $10,000 and a maximum target of $107,000, and the proceeds will be used towards safety testing, FDA clearance application, capital assets, bill of materials, and office expenses. Ramp USA is set to begin pre-selling of its first 150 units direct to customers in August 2019.
Sila Sveta, the turn-key solution provider for digital shows, is raising funds on SeedInvest. The company has a valuation cap of $13 million and sees itself as ‘digital magician.’ Sila Sveta uses visual technologies and modern art to make the digital communication of its clients stand out among the competitors. The company aims to serve both B2B and B2C customers. Sila Sveta was founded by Andrey Kostyuk, Alexey Rozov, and Alexander Us in 2015.
The proceeds of the current crowdfunding round, with a minimum goal of $650,000, will be used for content development, new hires, leasing of premises and equipment, and general expenses. Sila Sveta has already delivered over 30 successful projects for notable clients like Walt Disney and NBC Sport. The company reported revenues of $1.45 million in 2018, up 30% compared to 2017.
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
