October 21, 2019

New Deals for Week Ending 10/20/2019

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.

Participant Assistive Products

Participant Assistive Products, the manufacturer of assistive products, is raising funds on WeFunder. The company makes affordable wheelchairs for kids with cerebral palsy and other similar conditions. Participant Assistive Products plans to manufacture more products on the WHO’s priority list, and the products are affordable, durable, and of high quality.

Participant Assistive Products was founded by George Keoke King, Dave Calver, and Wayne Hanson, and has raised over $220,000 in previous rounds of funding. The current crowdfunding round has a minimum target of $150,000 and a maximum target of $450,000, and the proceeds will be used for mass production, regulatory filings, marketing, research & development, and salaries. Participant Assistive Products already has letters of intent signed for selling 2,500 wheelchairs per year and is backed by a strong team.

Waverly Labs

Waverly Labs, with a pre-money valuation of $14 million, is raising funds on StartEngine. The company manufactures and sells an over-the-ear interpreter, Ambassador. Ambassador solves language barriers in commerce and global business by providing quick and high-quality translation solutions.

Waverly Labs was founded by Andrew Ochoa and Sergio Delrio Diaz in 2014 and has raised more than $1.3 million in previous rounds of funding. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $535,000, and the proceeds will be used for testing and production of the product. Waverly Labs has already generated $8.5 million in gross lifetime revenues and has partnered with companies including Walmart, Hilton, and Amazon.

Clear Water Distilling

Clear Water Distilling, the producer of handcrafted premium spirits, is raising funds on StartEngine. The company has a pre-money valuation of $7.5 million and uses unique distilling methods, high-quality yeast and other ingredients to create the best-tasting liquor.

The products of Clear Water Distilling offer new twists on old classics through creative formulas, innovative distilling methods, and natural molasses and bases. Clear Water Distilling was founded by Matt Eau Claire, Stephanie Eau Claire, and James Pyle in April 2018. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the funds will be used to launch the products officially. Clear Water Distilling is focused on creating unique products that will revolutionize the spirits industry.

GoSun

GoSun, with a pre-money valuation of $14 million, is raising funds on StartEngine. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics, using solar energy. The GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. GoSun was founded by Patrick Sherwin in 2016 and has already raised $545,000 in its seed round of funding.

The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $535,000, will be used for product expansion. GoSun has already sold more than 35,000 products in 60 countries and generated $1.5 million in revenues in 2018. The company has partnered with companies like Home Depot and Ace Hardware for recreational sales and with bodies like the UN and Red Cross for humanitarian sales.

KEXY

KEXY, a food and beverage management solutions app, is raising funds on StartEngine. The company has a valuation cap of $5 million and provides efficient communication between distribution companies and brands and bars and restaurants. The suppliers get targeted selling opportunities while the buyers get access to an integrated SaaS platform working on artificial intelligence.

KEXY was founded by Scott Graham and Forrest Young in 2018 and raised its first tranche of seed capital in the same year. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $107,000. KEXY is disrupting the F&B ecosystem and making the process of inventory and order management 70% simpler and more efficient.

Flowh

Flowh, with a pre-money valuation of $2.4 million, is raising funds on TruCrowd. The Flowh platform matches people to upcoming experience events based on their interests so that individuals do not have to search for events. Flowh serves as the personal event concierge, and people don’t miss out on events as the experiences find them.

The company was founded by Aaron Hendrick and Eric Darst and works as the social media for calendars. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $240,000, and the proceeds will be used for sales, marketing, operations, and software development. Flowh works on a collaborative filtering model and earns revenue through a subscription-based model.

Karne Korean Steakhouse

Karne Korean Steakhouse, an upcoming Korean BBQ in Houston, is raising funds on NextSeed. The restaurant will offer a superior barbecue experience to elevate the traditional steakhouse feel. Karne Korean Steakhouse will serve premium meats that will be grilled right in front of the customers to elevate the conventional elements of Korean barbeque. Karne Korean Steakhouse is owned by Jason Cho, a successful restaurateur in Houston, who knows all about the restaurant business and Korean food.

The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,000,000, will be used for construction, kitchen buildout, BBQ tables, furniture, architecture, and inventory. Karne Korean Steakhouse is located in a prime area and is backed by an all-star team.

GILDI Wallet

GILDI Wallet, with a valuation cap of $7 million, is raising funds on SeedInvest. The company is creating a hardware security wallet for the safe storage of Bitcoin and other digital assets to prevent fraud and stealing. The GILDI Wallet is tamper-proof, durable, Bluetooth-enabled, and supply chain traceable. It protects the assets of the users through two layers of encryption. GILDI Wallet was founded by Alexander Lebedev and Matthew Lebedev and raised $450,000 in pre-seed funding in 2018.

The current crowdfunding round has a minimum goal of $500,000 and a maximum goal of $750,000, and the funds will be used for marketing, R&D, production, and salaries. GILDI Wallet has two filed US patent applications. The pre-production hardware unit is complete and the beta app is available for iOS and Android.


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