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October 7, 2019

New Deals for Week Ending 10/06/2019

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.

Layali

Layali, with a valuation cap of $2.5 million, is raising crowdfunding on Republic. The company delivers Middle Eastern products to the consumers’ doorsteps. The Arabic products include food and non-food items, including clothing, Arabic sweets, coffee spices, and home art and decor items. Layali was founded by Sumaya Lakis in December 2018 and has generated more than $180,000 in revenues since its launch.

The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $107,000, will be used by Layali to build its own fulfillment facility and to get its first sea shipment of products from the Middle East. Layali already has over 1,000 customers, with a repeat purchase rate of 24%. The company keeps its costs low due to strong and direct connections with manufacturers in Turkey, Syria, and other countries.

Derby Games

Derby Games, an established gaming brand with a valuation cap of $10 million, is raising funds on Republic. The company owns and operates Derby.com, a licensed platform where the US gamblers can combine online gaming with social media. Additionally, the company is also developing social games that can be played for real money. Derby Games was founded by Tom Hessert and has raised $6.1 million in previous rounds of funding.

The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000, and the proceeds will be used to repay debts. Derby Games already has more than 600,000 signups, 200,000 verified accounts, and 35,000 funded accounts, with total bets of more than $75 million on the platform.

Status Money

Status Money, with a valuation cap of $25 million, is raising crowdfunding on Republic. Status Money is a social network and hybrid budgeting application that helps users create a social network for their finances. The members of Status Money can share financial tips with their peers, compare financial data, and make intelligent financial decisions. Status Money was founded by Majd Maksad and Korash Hernandez and has raised $9 million since its inception.

The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $250,000. Status Money has $1.1 million as the projected revenue for 2019 and $7.8 million for 2020. The platform has more than 263,000 registered users, with a 93% retention rate.

Osiris Media

Osiris Media, with a pre-money valuation of $2.9 million, is raising funds on StartEngine. The media company creates videos, podcasts, and live events, and connects people through music. Osiris Media platform helps fans to connect with their favorite artists, and brands to communicate with the consumers.

Osiris Media was founded by RJ Bee and Tom Marshall in 2017. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $253,000, and the proceeds will be used for growth and expansion. Osiris Media reported more than 100,000 fans in the first year itself and currently has 30 podcasts in production with more than 2 million listeners.

Green Olive Tours

Green Olive Tours, with a pre-money valuation of $845,000, is raising funds on WeFunder. The company is a leading tour operator, offering tours to Israel and Palestine. The purpose of Green Olive Tours is to promote democracy and human rights, in addition to successful business activity.

Green Olive Tours was founded in 2007 by a group of social activists and entrepreneurs led by Fred Schlomka. The current crowdfunding round has a minimum target of $50,004 and a maximum target of $650,000, and the proceeds will be used for marketing, rebuilding the website, developing guesthouses, and researching on new tours and programs. Green Olive Tours has reported steady income growth in the past 12 years, with more than 25% growth in 2017 and 2018.

SelenBio

SelenBio, a biotechnology company with a post-money valuation of $20.7 million, is raising funds on NetCapital. The company develops an antibacterial technology that prevents the formation of biofilm in dental, medical, industrial, and consumer applications. SelenBio uses a unique selenium-based compound, SELDOX, to keep the applications infection-free.

The company was founded by Kenny Gallagher and Karl Doenges. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for research & development, operations, completion of current projects, sales & marketing, and compensation for managers. SelenBio is working on multiple projects with excellent traction and has already received the FDA approval for SELDOX.

Avenify

Avenify, a marketplace lending platform for Income Share Agreements, is raising funds on Republic. The company has a valuation cap of $4 million and is revolutionizing the student financing market. Avenify helps the students to fund their education through ISAs rather than traditional loans. By doing so, students do not need to pay interest on loans; instead, they share a fixed percentage of their income with the company for a stipulated period of time.

Avenify was founded by Justin Potts and Timo Sheridan in July 2018 and has raised around $100,000 since its inception. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $107,000. Avenify has over 2,000 student sign-ups and has processed more than 500 funding applications. It plans to grow to 10,000 students and 2,500 applications by 2020, with projected revenues of $100,000.

Aavrani

Aavrani, a premium skincare brand with a valuation cap of $5 million, is raising funds on Republic. The products of Aavrani are inspired by natural and ancient Indian beauty rituals. The company also supports young women’s education by sharing a part of its earnings with the Shanti Bhavan School in India.

The beauty ritual of Aavrani is a four-step process, including glow-activating exfoliation, balance restoring serum, softening hydra-whip, and eye rejuvenating elixir. Aavrani was founded by Justin Silver and Rooshy Roy in December 2017 and has raised $1.25 million in previous rounds of funding. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $1,070,000. Aavrani has over 500 five-star reviews on its products, with a 30% repeat purchase rate. It reached more than $1 million in revenues in 2019, with a gross profit margin of 84%.

Goods Unite Us

Goods Unite Us, with a valuation cap of $4 million, is raising crowdfunding on SeedInvest. The Goods Unite Us application combines US politics and shopping by allowing users to see and buy brands that support a particular politician. Goods Unite Us provides political connections of over 4,000 brands. The company was founded by Abigail Wuest, Amy Miller, and Brian H. Potts and has raised $745,000 since its inception.

The proceeds of the current crowdfunding round, with a minimum raise of $450,000 and a maximum raise of $1,000,000, will be used for development & analytics, marketing, sales & PR, payroll, and rent & office supplies. Goods Unite Us reported more than 78,000 monthly active users in August 2019, with a 40% growth rate in users in the same month. The application has been featured in The Oprah Magazine and is one of the highest-rated political apps.

Lenmo

Lenmo, with a pre-money valuation of $10 million, is raising crowdfunding on SeedInvest. The lending platform of Lenmo allows businesses, financial institutions, and individuals to invest in the small-amount loan market. Thus, it provides platforms for both investors to make short-term investments with high returns, and borrowers to get small amount of loans. Lenmo was founded by Mark Maurice, John Hakim, and Kyo Kim and has raised $430,000 in a previous round of funding.

The current round of crowdfunding has a minimum goal of $700,000 and a maximum goal of $3,000,000, and the proceeds will be used for marketing, legal expenses, software and services, data partnerships, and salaries. Lenmo has more than 90,000 registered users, with an average monthly growth rate of 60%. Over $1.2 million of loans have already been originated on the platform, with 40 businesses signed-up and 75 more in the pipeline.

Inner City Opportunity Zone

Inner City Opportunity Zone (ICOZ), with a pre-money valuation of $2.5 million, is raising funds on TruCrowd. ICOZ is a private real estate investment company that acquires, renovates, and manages properties on behalf of private and institutional clients. The company specializes in depressed and underperforming assets.

The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000, and the proceeds will be used for marketing & advertising, administration, legal expenses, and acquisition of properties. Inner City Opportunity Zone functions in an attractive market of multi-family properties and is expected to generate high operating income due to high rents and increasing rental demand.

TurboPass Corporation

TurboPass, with a valuation cap of $5 million, is raising funds on WeFunder. The company helps car dealers to verify and receive proof of income of their customers in an instant and paperless way. Thus, car dealers can work faster, sell more cars, and make secure transactions using TurboPass.

The company was founded by Michael Jarman and Kenneth Jarman and has raised $135,000 in previous rounds of funding. The proceeds of the current round of crowdfunding, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used for customer acquisitions, product development, sales & marketing hires, and legal and administrative expenses. TurboPass had the number one Toyota and Chevy dealers as its early customers and is launching pilots with two of the top three auto lenders in the US.

Gleantap

Gleantap, the provider of artificial intelligence-enabled platform to gyms and fitness centers, is raising funds on MicroVentures. The Gleantap platform allows fitness centers to acquire and retain more customers with less effort. The wellness studios get to pull customer data from existing systems, understand their clients, and target and engage them accordingly.

Gleantap was founded by Sagar Babber in 2018. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $250,000, will be used to increase sales and marketing, invest in research and development, and drive business development. Gleantap already services 27 clients at more than 300 locations. Notable clients of Gleantap include Anytime Fitness, Gold’s Gym, Planet Fitness, and Orangetheory.

Narrative Food

Narrative Food, with a pre-money valuation of $2 million, is raising funds on WeFunder. The company sources good food from a regenerative agricultural system and delivers them as stories and memories to consumers’ doorsteps. The products of Narrative Food are organic, nourishing, and handcrafted, and include Narrative Provisions Boxes. The company was founded by Jennifer Piette in 2010 and delivers food to customers across 1,000 zip codes.

The current crowdfunding round of Narrative Food has a minimum goal of $50,001 and a maximum goal of $199,999, and the funds will be used for marketing, advertising, and hiring. Narrative Food tells stories of people, places, and SoCal culture through its food offerings and continues to delight and satisfy its customers.


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