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August 24, 2020

New Deals for the Week Ending 08/23/2020

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.

 

Manna

Manna, with a valuation cap of $10 million, is raising funds on Wefunder. The app makes cooking fun, customizable, and seamless by allowing users to collect, create, share, modify, and organize recipes. The proprietary technology of Manna helps in creating, personalizing, and sharing content. David Greenstein, Joshua Abady, Rachel Abady, and Guy Greenstein founded Manna in 2019 and have raised over $60,000 since its founding. The current crowdfunding campaign has a minimum raise of $200,000 and a maximum raise of $1,070,000. The proceeds will be used for hiring full-time employees, expanding the development team, user acquisition and marketing, content creation, and building partnerships. Manna is built using top of the line technology and has diverse revenue streams.

 

HealtheMed

HealtheMed, with a $3 million valuation cap, is raising crowdfunding on Wefunder. It is a telemedicine platform that allows sick and poor patients to see their doctors online. The platform specifically focuses on special needs patients who live confined in their homes and suffer from chronic diseases like quadriplegia and muscular dystrophy. Thomas Spencer and Robert Arnold founded HealtheMed in 2018. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $600,000, will be used to launch and commence operations, including payroll, sales, and marketing. HealtheMed has a contract with the Minnesota Medicaid program targeting 77,000 potential subscribers. The company also has an exclusive contract with MMCAP Infuse for marketing HealtheMed to its 12,000 institutional customers.

 

Eli Electric Vehicles

Eli Electric Vehicles, with a valuation cap of $18 million, is raising funds on StartEngine. The company has designed an advanced, affordable, and efficient micro electric vehicle (EV) to revolutionize urban trips. Eli ZERO will be half the size of a conventional car, less expensive, and highly energy efficient. Marcus Li founded Eli Electric Vehicles in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used for expansion into other micro-EV products, services, and technologies. Eli Electric Vehicles is ready to begin production in the fourth quarter of 2020 and will begin sales in the US and Europe.

 

Car Savior

Car Savior, with a valuation cap of $3.8 million, is raising crowdfunding on MicroVentures. It is an online car repair marketplace that makes car repairs faster, more convenient, and easier. The users can describe their problems through a questionnaire on the Car Savior website, and the diagnostic algorithm of the platform determines the most likely problem. Car Savior was founded by Christiaan Best and Hayden Luckadoo in 2017 and has raised about $270,000 since its founding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $250,000. The proceeds will be used for campaign marketing, general marketing, research and development, future wages, and general working capital. Car Savior has diagnosed more than 6,500 vehicles to date, and the bookings increased by 23.75% in the first five months of 2020, compared to the same period in 2019.

 

IPD Products

IPD Products, with a $5 million valuation cap, is raising funds on MicroVentures. The company has designed a revolutionary product, the Ionic Plague Destroyer, that is engineered to remove airborne pathogens, including SARS-CoV-2. The patent is licensed from Drexel University for air disinfection and sterilization. Howard Nelson founded IPD Products in February 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used towards product development and general working capital. IPD Products is led by an experienced founding team and plans to expand the product line to include integrations with HVAC systems and PPE.

 

Whitecap Mountains Resort

Whitecap Mountains Resort, a ski lodge in Upson, WI, is raising funds on MainVest. The resort is located between the Penokee Range and Weber Lake and offers a wide range of activities. Whitecap Mountains Resort caters to skiers, adventurers, snowboarders, and fun-seekers. David Dziuban founded Whitecap Mountains Resort in 2018. The current round of crowdfunding has a minimum goal of $100,000 and a maximum goal of $250,000, and the proceeds will be used to rebuild the lodging accommodations for the customers. Whitecap Mountains Resort is spread over a vast 400 acres and offers family recreation year-round. It is a perfect location for extended family reunions, corporate retreats, mountaintop weddings, and relaxing getaways.

 

Livewell Assisted Living

LiveWell Assisted Living, with a $6 million pre-money valuation, is raising crowdfunding on truCrowd. It is an assisted living facility that provides elder care with its unique assisted living micro-communities and senior care assistance. LiveWell Assisted Living offers CBD as an alternative treatment solution for seniors and is the first CBD-friendly senior care operator in the US. The company was founded by Justin Beckett and Diane Beckett in 2008. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $250,000. The proceeds will be used for expanding the in-home care services and assisting living to states with favorable CBD legislation. LiveWell Assisted Living currently operates six assisted living micro-community homes in North Carolina and generated revenue of $1.8 million in 2019.

 

Seven Sisters Brewery

Seven Sisters Brewery, a brewery in Wytheville, VA, is raising crowdfunding on MainVest. The brewery offers high-quality craft beer along with an inviting and family-oriented atmosphere. It is open to children and pets to come and enjoy food, fun, and games together. Seven Sisters Brewery is owned by David Clark, who has a keen interest in the craft beer industry. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $100,000, and the proceeds will be used to improve cash flow and sustain operations during COVID-19. Seven Sisters Brewery offers a warm and welcoming ambiance for both local and regional travelers. It is backed by an experienced team of brewers with decades of experience in the industry.

 

SurelyWell

SurelyWell, with a $20 million pre-money  valuation, is raising funds on StartEngine. It is a wellness brand that makes sanitization products for the body, homes, and offices. The products of SurelyWell include gel hand sanitizers, face masks, and disposable alcohol wipes. It also makes hand sanitizer dispensers and stands. Asher Genoot founded SurelyWell in September 2019. 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 for expansion and launching the Amazon store. SurelyWell sells through 7-Eleven, USPS, and MGM Grand. It generated $9.4 million in sales in the first four months of operation.

 

IoTeedom

IoTeedom, with a post-money valuation of $1.1 million, is raising funds on NetCapital. The platform empowers local communities by connecting city officials, global investors, and businesses through an advanced urban planning software. The data collected on the IoTeedom platform can be used to solve dire challenges faced by communities and create a positive change. Brianna Cook founded IoTeedom in 2017. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $249,918. The proceeds will be used for the MVP development, marketing and sales, management, local city investment, and operating expenses. IoTeedom  has an initial database of 100 users and has partnerships with the US, Nigeria, India, and the Netherlands Embassies.

 

Cherry Street Pharmacy

Cherry Street Pharmacy, with a $15 million valuation cap, is raising funds on MicroVentures. It is a one-stop pharmacy that delivers healthcare services to underserved areas. It offers services such as personalized health programs, prescription delivery, pet care, and health content. Dr. Wenbo Liu founded Cherry Street Pharmacy in 2017. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used for campaign marketing, general marketing, research and development, equipment, future wages, and general working capital. Cherry Street Pharmacy has filled over 72,000 prescriptions since April 2019, with a record-high of 5,800 prescriptions filled in June 2020. The pharmacy plans to expand into a second location by 2021.

 

The Balloon Factory by FAB Beer

The Balloon Factory by FAB Beer, an upcoming brewery in Somerville, MA, is raising crowdfunding on MainVest. The brewery will focus on making high-margin sales of beer, wine, and liquor on-site, in addition to the regional distribution of contract-brewed beer. The brewery location will also host events and experiences to complement the bar’s operations. The Balloon Factory by FAB Beer is owned by Benjamin Holmes. The current crowdfunding round has a minimum target of $100,000 and a maximum target of $250,000. The funds will be used for location buildout, custom bar, and fixtures and equipment. The Balloon Factory by FAB Beer is being created by FAB Fermentation Arts to build on its successful beer brand.

 

ONE ROQ Spirits

ONE ROQ Spirits, with a pre-money valuation of $23.1 million, is raising funds on StartEngine. The company owns the ONE ROQ Vodka, an adult beverage brand, and a membership community that focuses on redefining brand experience through equity, lifestyle, and reward. Garrett Green founded ONE ROQ Spirits in 2012 and raised over $1.07 million in a previous round of crowdfunding. The current crowdfunding round has a minimum target of $9,999.65 and a maximum target of $368,999.34. The proceeds will be used for growth and expansion. ONE ROQ Spirits has launched seven event partnerships and has won several awards for its taste and design. ONE ROQ Vodka is the number one selling vodka on a US online spirits retailer in 2020.

 

BBQ in the Park

BBQ in the Park, with a post-money valuation of $2.25 million, is raising crowdfunding on NetCapital. The company is bringing the internationally acclaimed electric park barbecue to the US. The barbecue works as an alternative to fire pits and cookstoves and is zero-emission. Blaine Patterson founded BBQ in the Park in 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $250,000, will be used for manufacturing, marketing, promotions, and administration expenses. BBQ in the Park is perfect for park settings and appeals to both park operators and park visitors. It is environment-friendly and improves parks and communities.

 

ThisWay Global

ThisWay Global, with a $25 million valuation cap, is raising funds on Wefunder. It is an artificial intelligence-powered platform that matches all people to all jobs, without any bias. ThisWay Global supports businesses, spurs economic growth and helps unemployed people get jobs. Angela Hood founded ThisWay Global in 2016 and has raised over $4 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $100,000 and a maximum target of $1,070,000, will be used for marketing through digital outreach, operations, and research & development. ThisWay Global generated $2.8 million in ARR sales in 2020, with demand up 1,400% since March 2020. The platform has multiple patents and an established sales pipeline of over $18 million.

 

Boaz Bike

Boaz Bike, with a valuation cap of $15 million, is raising crowdfunding on Wefunder. It is an electric scooter sharing company focused on safety. The scooters have state-of-the-art design and come with batteries that can be swapped out in less than a minute compared to taking scooters home to charge. Emil I NNANI and Cory Smith founded Boaz Bike in 2018 and have raised over $280,000 since the inception. The current crowdfunding round has a minimum raise of $125,000 and a maximum raise of $1,070,000. The funds will be used for the purchase of 1,000 more bikes, expansion into five cities, insurance, marketing, and paying for and shipping back 300 additional bikes. Boaz Bike has reported zero accidents in over 20,000 trips and has three city permits. The company generated $26,000 monthly revenue in June 2020, $32,000 in July 2020, and expects to generate over $50,000 in August 2020.

 

Temple I

Temple I, a student housing development by Temple University, is raising crowdfunding on Republic. It is Phase 1 of a 100-bed tech-powered student housing development being developed by NYCE Companies. The development covers 10,000 square foot, 17-bedrooms units, directly across from Temple University. Philip Michael and Martin Braithwaite of NYCE founded Temple I in June 2020. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $360,000, will be used for the development of the property. Temple I was acquired by NYCE in 2018, and the development is expected to be completed in the fourth quarter of 2020.

 

Morningside PlayCare

Morningside PlayCare, a learning center for children, is raising funds on NextSeed. The center provides nurturing care and immerses children in Mandarin and Spanish languages through play, creative activities, yoga, and exploring nature. The curriculum is inspired by the Hawthorne Valley Waldorf School and Flying Deer Nature Centre. Dr. Gail Foster founded Morningside PlayCare in 2015. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $20,000, will be used as working capital to sustain the business during COVID-19. Morningside PlayCare graduates have been accepted at the top Mandarin and Spanish immersion independent day schools in New York City. The center reported a 148% year-over-year growth from 2018 to 2019.

 

KOKORO Spirits

KOKORO Spirits, with a $3.5 million valuation cap, is raising crowdfunding on Wefunder. It is a socially responsible company that sources, curates, and promotes premium spirits from around the world. The purpose is to honor traditional distillation methods and celebrate and share the culture of various communities. Howard Cao founded KOKORO Spirits in 2018 and has raised over $160,000 since its founding. The current crowdfunding campaign has a minimum goal of $250,000 and a maximum goal of $350,000. The funds will be used for financing the initial order of products from the distiller, marketing, and operating expenses. KOKORO Spirits’ first product is an award-winning tequila. The business model of the company leverages the increase in consumer demand to build brand enthusiasts.

 

OZFund

OZFund, with a valuation cap of $6 million, is raising funds on Fundopolis. It acquires below-market properties in the Opportunity Zones of Pennsylvania and redevelops them into affordable rental housing. OZFund is currently building an 88,000 square foot mixed-use development at the corner of South Queen Street and Furnace Street. Jeremy Feakins founded OZFund in 2019. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $249,999. OZFund is supported by local community organizations and the city council. It allows a team of experienced property developers to work with knowledgeable architects, designers, and construction companies to fulfill the need for affordable housing.

 

Gatsby

Gatsby, with a pre-money valuation of $25 million, is raising funds on SeedInvest through Reg A+ crowdfunding. It is an options trading platform for the new generation of traders. The platform helps traders bridge the language gap and trade options like pros. Ryan Belanger-Saleh, David Gaynes, and Jeff Myers founded Gatsby in late 2019 and have raised over $3 million since its inception. The crowdfunding campaign has a minimum raise of $1,000,000 and a maximum raise of $5,000,000. The proceeds will be used for marketing, product, business development, and compliance. Gatsby has crossed over 100,000 options contracts since its launch in December 2019. It has acquired over 7,000 accounts since the launch, with an average funded account balance of more than $1,100.

 

Good Earth Organics

Good Earth Organics, with a pre-money valuation of $23.4 million, is raising crowdfunding on SeedInvest through Reg A+ crowdfunding. The company formulates and manufactures premium organic potting soils and nutrients to grow toxin-free hemp and cannabis plants. The proprietary soil blends of Good Earth Organics are approved by OMRI and Clean Green. Roy Leon founded Good Earth Organics in 2008 and has raised over $940,000 since the inception. The proceeds of the current crowdfunding round, with a minimum goal of $500,000 and a maximum goal of $10,000,000, will be used for brand acquisitions, marketing, equipment, research & development, and working capital. Good Earth Organics reported revenue growth of 43% in 2019 compared to 2018 and a 60% growth in the first half of 2020 compared to the first half of 2019.


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