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 in learning more about a deal, 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 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.
Trusst Brands, with a pre-money valuation of $9.9 million, is raising funds on StartEngine. The company is a direct-to-consumer brand that manufactures supportive and comfortable bra for plus-sized women. Trusst Brands has used advanced engineering principles and industrial design to create a 3-D patented bra support technology. Trusst Brands was founded by Sophia Berman in 2015 and has raised more than $2 million since its founding. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $107,000, and the proceeds will be used to increase the product assortment. Trusst Brands has already reported four times revenue growth in 2018 and is all set for another four times revenue increase in 2019.
TipSnaps, with a valuation cap of $3.5 million, is raising funds on SeedInvest. The platform of TipSnaps allows social media content creators and influencers to monetize their content directly by selling it to their fans. Thus, social media influencers can monetize their followership through a subscription business. TipSnaps was founded by Lyonel Doug, and the company is currently fully bootstrapped by the founder. The current crowdfunding round has a minimum target of $150,000 and a maximum target of $500,000. TipSnaps has already reached profitability in 2018, with more than 279,000 users growing at a month-over-month rate of about 30%.
Brakes To Go, the mobile on-demand brake repair and service company, is raising funds on MicroVentures. The company has a valuation cap of $9 million and is based in Austin, Texas. Brakes To Go employs certified ASE technicians to offer mobile brake repair services that can be requested online, in addition to using top-quality brake system replacement components. Brakes To Go was founded by Randall C. Huntsinger and Jonathan R. Ganther and has raised funds through equity and venture debt in the past. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1,070,000, and the proceeds will be used for equipment purchases, manufacturing, marketing, repayment of the debt, and administrative overhead. Brakes To Go has already earned gross revenues of $5.6 million since its inception in 2015 and generated net income of $3,798 in 2019.
Vampr, with a valuation cap of $7.5 million, is raising crowdfunding on WeFunder. Vampr is the social network for musicians and is set to become the LinkedIn of all creative people. The application allows musicians all over the world to connect and collaborate with one another and has plans to open it up to other creatives including filmmakers, fashion designers, and animators. Vampr was founded by Josh Simons and Baz Palmer in 2015. The current crowdfunding round of Vampr has a minimum goal of $100,000 and a maximum goal of $1,070,000, and the funds will be used for app development, sales and working space, marketing, IT operational, and administrative services. Vampr has already facilitated the connection of over 4 million professionals across 198 countries and targets to reach 10 million users and $3 million in revenues by the first quarter of 2021.
Adv3nture, with a pre-money valuation of $8.93 million, is raising funds on StartEngine. The company manufactures innovative outdoor apparel and backpacks for people involved in adventure and exploration. Adv3nture also offers curated excursions that provide life-changing experiences. Adv3nture was founded by Zane Lamprey and Melissa Lamprey in 2015 and has raised more than $3.5 million since its inception. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. Adv3nture is backed by an experienced and passionate team, and its online store revenue for 2019 has already surpassed the total 2018 revenue.
Aptera Motors, with a valuation cap of $20 million, is raising crowdfunding on WeFunder. The company plans to create a low-drag aerodynamic vehicle for being more efficient than other vehicles. Aptera Motors already has the prototypes and the technology and is looking for funds to design, manufacture, and distribute the Aptera electric vehicle. Aptera Motors was founded by Steve Fambro and Chris Anthony in 2005 but was liquidated in 2011 due to lack of finances. The current crowdfunding round has a minimum goal of $100,000 and a maximum goal of $1,070,000, and the proceeds will be used to recreate the brand. Aptera Motors is all set to bring in safe, efficient, and sustainable transportation and has set meaningful targets for the future.
Handies Douzo, an upcoming hand roll restaurant in Houston, is raising funds on NextSeed. The restaurant is backed by the team behind ‘Secret Taste’ dinners in Houston The menu will consist of evolving and dynamic seasonal options, with particular emphasis on quality, atmosphere, and taste. Handies Douzo is co-owned by Andrew Lin and Daniel Lee and is located in a unique property in the Houston Heights neighborhood. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $75,000, and the proceeds will be used for equipment, liquor license, and inventory. Handies Douzo is following the trend of hand roll restaurants under the ownership of chefs with more than 20 years of experience in the industry.
Scrap Connection, with a valuation cap of $7 million, is raising funds on WeFunder. The company, now known as Tradefox, connects recycling industry professionals and provides them trading tools and business intelligence. Scrap Connection generates Trade Reputation Reports for the companies to give details about the reliability of the companies. It was founded by Chris Yerbey and has raised $1.7 million since its inception. The current crowdfunding round of Scrap Connection has a minimum target of $50,000, and the funds will be used to grow the business exponentially. Scrap Connection has already added 110,000 new company profiles to its database since 2018 and has over 2,500 Trade Reputation reports available for download.
