August 17, 2020

New Deals for the Week Ending 08/16/202

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 only 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.

 

AlphaFlow

AlphaFlow, with a valuation cap of $40 million, is raising crowdfunding on Republic. The platform is connecting the housing market of the US with the world’s best institutional investors. Lenders can sell their loans and run their business seamlessly using AlphaFlow, and investors get to invest online in real estate debt. Ray Sturm founded AlphaFlow in May 2015 and has raised over $11 million since its founding. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $1,070,000. The funds will be used to develop the software further and sign and activate over 100 more lenders. AlphaFlow currently has curated partnerships with lenders across over 40 states, and the production volume is expected to reach $100 million per month by early 2021.

 

Ollie Gray

Ollie Gray, with a pre-money valuation of $5 million, is raising funds on SeedInvest. The company makes comfortable, fashionable, and innovative maternity wear products and accessories. The first product launched was nursing and pump bras. The company plans to add three new product lines in 2020. Kate Rech and Bryce M. Rech founded Ollie Gray in 2015. The proceeds of the current crowdfunding round, with a minimum goal of $250,000 and a maximum goal of $1,000,000, will be used for sales and marketing, inventory, product development, and other advertising initiatives. Ollie Gray has sold over 28,000 units since its launch and has achieved a 55% year-over-year growth from 2018 to 2019.

 

Bao Bros. Bistro

Bao Bros. Bistro, an Asian fusion restaurant in Houston, Texas, is raising funds on Wefunder. The restaurant has a unique concept where it gives a new twist to Asian dishes with a fusion of flavors. Bao Bros. Bistro also has specific options for people with dietary restrictions. Christopher G. Garcia Jr. founded Bao Bros. Bistro in February 2019. The proceeds of the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $150,000, will be used for construction and kitchen equipment. Bao Bros. Bistro has high growth potential as it plans to expand through grocery stores and with a franchise model. The restaurant also aims to create a positive social impact by returning 20% of its profits to the community.

 

FruitCraft Fermentery & Distillery

FruitCraft Fermentery & Distillery, a social value cooperative, is raising crowdfunding on Wefunder. The company is owned and run by laborers, consumers, and investors that manufacture fruit-based alcohol and use the profits to create social value. The products of FruitCraft Fermentery & Distillery include hard seltzer, hard cider, mead, hard Kombucha, wine from fruit, and craft spirits. Alan Haghighi founded FruitCraft Fermentery & Distillery in 2013 and has raised over $4.4 million since its inception. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,000,000. The funds will be used for business development, debt consolidation, new hires, and franchising infrastructure. FruitCraft Fermentery & Distillery became profitable in October 2019 and generated over $70,000 in revenue for the month. Annual revenue increased from $472,000 in 2018 to $687,000 in 2019.

 

I Eaze Eats- Express Wraps & Smoothies

I Eaze Eats- Express Wraps & Smoothies, an upcoming comfort food restaurant in Providence, RI, is raising crowdfunding on MainVest. It is a delivery-only kitchen that works on a cloud-kitchen model. The kitchen cooks and serves healthy quick-serve meal options, delivered at the touch of a button. Christian Cameron-Haskins founded I Eaze Eats in July 2020 and is launching the first location in August 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $30,000, will be used for equipment purchasing, staffing, purchasing goods, and marketing. I Eaze Eats makes great-tasting wraps and smoothies with high-quality products.

 

Mise

Mise, a new American restaurant in Kansas City, MO, is raising funds on MainVest. The company plans to launch with a multi-pronged approach of developing products in the QSR sector and offering corporate and wedding catering. The restaurant will target downtown office workers, students on campus, and the weekend crowd. Mise is owned by Brandon Johnson, a classically trained chef with over 15 years of experience. The current round of crowdfunding has a minimum goal of $40,000 and a maximum goal of $90,000. The funds will be used for space build-out, equipment, and operating capital. The business of Mise will be built on the existing catering business of the company and will eventually move into the culinary consulting sector.

 

Blackberry Meadows Farm

Blackberry Meadows Farm, a certified organic Community Supported Agriculture business, is raising funds on Honeycomb. The customers of Blackberry Meadows Farm invest in the farm through annual subscription and/or labor and receive a weekly allotment of produce and products in exchange. The food produced in the farms is heavily focused on soil nutrition and microbiology to get high mineral and vitamin content. Blackberry Meadows Farm is owned by Jennifer A Montgomery and Gregory L Boulas. The proceeds of the current crowdfunding round, with a minimum target of $20,000 and a maximum target of $27,000, will be used to buy and install glamping tent units and purchase more supplies. Blackberry Meadows Farm has 150 regular customers and has developed a thriving Airbnb.

 

SwipeBy

SwipeBy, with a valuation cap of $12.5 million, is raising funds on Republic. The app allows users to directly access their favorite local restaurants, order online, and pick up at curbside conveniently. SwipeBy also offers easy menu upload and geofenced arrival notifications for the restaurants. Carl Turner founded SwipeBy in 2017 and has raised over $1 million since its founding. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000. SwipeBy has over 200 restaurants across 25 states on its platform. It generated over $1 million transaction volume in the second quarter of 2020, up 1,380% from the first quarter of 2020.

 

Kiwibot

Kiwibot, with a valuation cap of $25 million, is raising crowdfunding on Wefunder. The company has built a robotic delivery technology platform that helps companies deliver safely and timely to their customers. Kiwibot is focused on providing an end-to-end robotic infrastructure to restaurant chains. Felipe Chavez Cortes, Sergio Pachon, and David Rodriguez founded Kiwibot in 2016. The company has raised over $5 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for new robot development, hiring, and other expenses. Kiwibot has completed over 100,000 deliveries worldwide and has key partnerships with Shopify, Rappi, Ordermark, and the city of San Jose.

 

festivalPass

festivalPass, with a pre-money valuation of $11.2 million, is raising crowdfunding on Wefunder. It is a live event subscription marketplace across music, film, food, and wine festivals. The platform allows festival-goers from around the world to join millions of other fans for a monthly fee. Edward Vincent founded festivalPass in 2019 and has raised over $1.4 million since its inception. The current crowdfunding round has a minimum raise of $50,001 and a maximum raise of $1,070,000. The funds will be used for product development, marketing, and hiring business development staff. festivalPass works on a credit-based gross margin positive business model on every transaction, generating recurring revenue.

 

Scuti

Scuti, with a post-money valuation of $20 million, is raising funds on Wunderfund. It is the first e-commerce marketplace through video games. The platform provides brands and vendors with a direct portal to sell to players through the games they play. The players receive personalized and curated product offerings and rewards on every purchase. Nicholas Longano founded Scuti in March 2020. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $250,000. Scuti has a unique business and is the first to market. It is led by a strong and experienced management team and has multiple revenue streams as well as an ad-serving retail platform.

 

Rector Street Food Enterprises

Rector Street Food Enterprises, commonly known as George’s, is raising crowdfunding on Honeycomb. It is a breakfast, lunch, and dinner establishment in the NYC Financial District, catering to locals, tourists, and office professionals. Rector Street Food Enterprises has been owned by William Koulmentas and his family for over 70 years. The current crowdfunding round has a minimum target of $20,000 and a maximum target of $80,000. The proceeds will be used for a face-lift renovation. Rector Street Food Enterprises has been around since 1950 and has been serving the Financial District community ever since. It is consistently rated as one of the best places to eat in NYC.

 

Signature Lacrosse

Signature Lacrosse, with a pre-money valuation of $10 million, is raising funds on StartEngine. The company makes and sells sports gear, including lacrosse balls, nets, and uniforms. Signature Lacrosse makes the gear in record turnaround time and offers the best product mix. Dan Soviero founded Signature Lacrosse in 2016. The current round of crowdfunding has a minimum goal of $10,000 and a maximum goal of $1,070,000. The funds will be used for growing the Signature Partner Program, expanding to soccer, basketball, golf, and more, and rebranding to Signature Athletics. Signature Lacrosse has achieved over $8 million in lifetime sales, with an average of 74% year-over-year growth.

 

The Moon

The Moon, a performing arts venue in Tallahassee, FL, is raising funds on MainVest. The venue hosts multiple entertainment and community events with extensive diversity and flexibility. The Moon has also hosts a large number of fundraisers, galas, and other benefits. Scott Carswell and Julie Carswell have owned the venue since 1984. The proceeds of the current crowdfunding campaign, with a minimum raise of $150,000 and a maximum raise of $500,000, will be used to upgrade systems and offset operating costs during the COVID-19 closure. The Moon is a premier variety showcase for events and has been home to many headliners. The venue has been profitable every year for the past 35 years.

 

Kombucha Town

Kombucha Town, with a valuation cap of $20 million, is raising funds on StartEngine. The company brews energising drinks, including live seltzer and kombucha drinks. The drinks are packaged in cans to make them convenient for consumers and easy on the Earth. Chris McCoy founded Kombucha Town in 2011. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The proceeds will be used to make the products available to a larger audience through online and quality retailers. Kombucha Town drinks are healthy and delicious, and the products are available in 1,600 stores in 24 states. The company generated $1.4 million in sales for the period ending in August 2020.


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