September 16, 2019

New Deals for Week Ending 09/15/2019

 

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 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.

Oz. Tap House

Oz. Tap House, the first taproom with smart tap technology in Austin, is raising funds on MicroVentures. It is a casual dining place that offers self-serve craft beer, in addition to wine and cider. The customers at Oz. Tap House receive an innovative self-serve experience through RFID cards that track their purchases. Oz. Tap House was founded by Sean and Krista Kanter and John Odette. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $107,000, and the proceeds will be used to secure lease deposit for the second location, insurance, initial permits, construction deposit, architectural deposit, general marketing, and legal purposes. The first location of Oz. Tap House has already generated revenues of over $595,000 since its opening in February 2019, and the second location is also expected to generate good business.

LOCL

LOCL, with a valuation cap of $2.5 million, is raising crowdfunding on WeFunder. The company manufactures world-class apparel for surfers, especially in the age group between 25 to 54 years. LOCL caters specifically to educated, mature, and affluent male and female surfers. LOCL was founded by Jonathan Rath in 2019 and has raised $15,000 since its inception. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $107,000, and the funds will be used for product and brand development and business operations. LOCL already has partnerships with top-class designers and creatives and is growing its reach and brand visibility exponentially.

Hundy

Hundy, with a valuation cap of $4 million, is raising funds on StartEngine. The company helps America’s middle-class people to take small amounts of peer-to-peer loans through their mobile app. Hundy allows people to bypass the time-consuming bank channel and use their creditworthiness to avail small loans. The application rewards both borrowers and lenders through a point system. Hundy was founded by Pete Budlong and Ram Hegde in 2016 and has raised more than $500,000 from friends, family, and angels since its inception. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $107,000. Hundy already has a 97% active borrower retention rate and has had 3,500 loans originated from its platform with a total loan volume of $350,000.

ReceivaSure

ReceivaSure, offering accounts receivable insurance to the US SME market, is raising funds on StartEngine. The company has a valuation cap of $7.5 million and is an InsureTech program of Waldorf Trade Risk, LLC. The ReceivaSure platform is expected to bring down the cost of A/R insurance for small businesses and make it more conveniently and affordably available. ReceivaSure was founded by David Waldorf and is in the pilot stage of development. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used to complete the development of the platform. ReceivaSure will bring a sophisticated financial solution to the SME segment with the use of artificial intelligence and cutting-edge technology.

tinyB chocolate

tinyB chocolate, with a valuation cap of $2.5 million, is raising crowdfunding on WeFunder. The company brings people and teams together through delicious and fun experiences around chocolate. The flagship product of tinyB chocolate, its Brazilian brigadeiros, are handmade using a family recipe and the best local ingredients. The company also hosts various chocolate-making events. tinyB chocolate was founded by Renata Stoica and Andrei Stoica and has raised more than $475,000 since its founding. The current round of crowdfunding has a minimum goal of $100,000 and a maximum goal of $400,000, and the funds will be used for sales and marketing, salaries, operating capital, and to set up a new production facility. tinyB chocolate reported revenue growth of 120% in the first half of 2019 compared to the same period in 2018 and has gross margins of over 65%.

Colossal

Colossal, with a valuation cap of $2 million, is raising funds on WeFunder. The company, through its social media platform Sayscape, brings the veterans together and offers them help and support. The primary objective of Colossal is veteran suicide prevention by providing them a helping hand when they need someone to rely on. Colossal was founded by Chris Santos and other veterans. The proceeds of the current crowdfunding round, with a minimum raise of $20,000 and a maximum raise of $107,000, will be used for the application development, research & development, and marketing and promoting Sayscape. The social media app is already live on Apple and Google app stores and does not have direct competition in the target market.

Backyard Soda Co.

Backyard Soda Co., with a valuation cap of $2.5 million, is raising funds on MicroVentures. The company manufactures CBD-infused soda from locally sourced help and flavors them with natural syrups like lavender lemon, ginger lime, and mango jalapeno. Backyard Soda Co. was founded as a soda card by Jonathan Schulz and diversified into CBD-infused preparations in 2019. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $107,000 and the proceeds will be used for marketing, manufacturing, research & development, future wages, and working capital. Backyard Soda Co. sells its products through Whole Foods in Colorado and has already raised $130,000 from CanopyBoulder.

Nexersys

Nexersys, the manufacturer of fitness products, is raising crowdfunding on MicroVentures. The company has a valuation cap of $6 million and manufactures interactive products, specially focused on boxing and mixed martial arts. The products of Nexersys combine full-body workout with interactive gaming for overall fitness. Nexersys was founded by Terry Jones, and its assets were purchased by XFit in September 2017. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used for campaign marketing, digital advertising, and content development. Nexersys has already sold over 4,700 machines and over 4,600 cross-body trainers and generated around $750,000 in revenues in 2018.

College Coaching Network

College Coaching Network, with a valuation cap of $2.5 million, is raising funds on NetCapital. The company provides mobile guidance and counseling to students regarding scholarships, grants, and endowments. College Coaching Network offers a software solution to the students to target specific colleges and research on financial aids and scholarships. The company was founded by Claude Harris and Anthony Kozuch in 2014. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $107,000, will be used for sales & marketing, virtual app tech development, office space and supplies, and compensation. College Coaching Network works on a subscription model and has partnerships with major institutions like YMCA, Sallie Mae, University Academy School District, etc.

Celebrate with Sarah Hospitality

Celebrate with Sarah Hospitality, the ultimate girls’ celebration house in Nashville, is raising crowdfunding on WeFunder. The company offers hospitality services specializing in dessert tables, while it is soon planning to expand into full-fledged hospitality services in a charming and elegant house for girls’ trip in Nashville. Celebrate with Sarah Hospitality was founded by Sarah Buxbaum, who has more than 15 years of experience in hospitality and customer service. The current crowdfunding round of the company has a minimum goal of $60,000 and a maximum goal of $107,000, and the funds will be used for the acquisition of a property in Nashville, its furnishing and repairs, and branding & marketing. The Celebrate with Sarah brand has already created a name for itself and has been associated with high profile events.

Tallyfy

Tallyfy, with a valuation cap of $11 million, is raising funds on Republic. The company has a platform that will bring automation and certainty to the workflows. Tallyfy helps the users to create a blueprint of their repeatable processes and launch workflows from that blueprint. The company was founded by Amit Kothari, Pravina Pindoria, and Thomas Palumbo in August 2014 and has raised more than $2 million since its founding. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000. Tallyfy is backed by a strong team of startup veterans and already has more than $65,000 in annual recurring revenue.

PromSocial

PromSocial, the mobile app designed to make the prom planning process fun and stress-free, is raising funds on WeFunder. The PromSocial app uses technological solutions to bring all aspects of prom experience to the teen population in an integrated manner. The app includes powerful planning, social media, e-commerce, dating, and even logistics. PromSocial was founded by Ed Abdel-Malak, Michael Hudak, and Ravi Koltur in 2013 and was one of the finalists in Shark Tank Season 11. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $100,000, and the proceeds will be used for development, and sales & marketing. PromSocial launched its open beta in January 2019 and already has more than 3,000 users. The company also has a verbal commitment from a large high school to use the app for their Prom 2020.


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