September 21, 2020

New Deals for the Week Ending 09/20/2020

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.

SportBLX/ PJ Washington

SportBLX/ PJ Washington, with a pre-money valuation of $4,000, is raising funds on Wefunder. The company is led by the NBA Rising Star, PJ Washington Jr. of the Charlotte Hornets. It focuses on generating profit from brand management services, wealth management, data analytics, strategic investments, and businesses associated with PJ Washington Jr. and his company. Paul Washington, the father of PJ Washington Jr., founded SportBLX/ PJ Washington in June 2020. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $1,070,000, and the proceeds will be used to advance the services and business operations of the company. SportBLX/ PJ Washington intends to become a part of the sports finance history by offering a new alternative asset class.

Skywide Real Estate

Skywide Real Estate, a real estate investment and development company, is raising crowdfunding on Mr. Crowd. The company explores real-estate investment opportunities and works on property development, investment, and management. Skywide Real Estate was founded by Jenna Anderson. The current crowdfunding round of the company has a minimum target of $50,000 and a maximum target of $300,000, and the funds will be used to acquire a property in Burlington, New Jersey. It is a two-family property with a one-bedroom and one bath unit on the first floor and a three-bedroom one bath on the second and third floors. The property is expected to generate a rental income of $18,000 per year.

Tapa

Tapa, with a valuation cap of $8 million, is raising funds on Republic. The company’s platform manages the building control systems and IoT technology. It solves the needs of building operators and increases the efficiency, safety, and convenience of physical spaces. Tapa was established as a division of Smart Building Technologies in 2019 by Paul Meng and Mike Schmitz. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to accelerate the development of new tenant features, go to market, and build out solutions sets. Tapa has secured agreements with four major building automation providers and is working on a monthly recurring revenues business model.

18.21 Drinks

18.21 Drinks, with a $10 million valuation cap, is raising funds on Republic. The beverage company is meeting the demands of modern customers with its premium sparkling beverages, bitters, cocktail mixers, and spiked low ABV sparkling beverages. Additionally, the CNBS brand makes cannabis-infused sparkling beverages using high-quality ingredients. 18.21 Drinks was founded by Missy Koefod and Kristin Koefod in 2014. 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 production, outsourcing, sales and hiring, marketing, and general corporate expenses. 18.21 Drinks products are available in 48 states and internationally. The company has generated over $5.5 million in lifetime revenues.

Roux

Roux, an upcoming Cajun restaurant in Williston, ND, is raising crowdfunding on MainVest. The restaurant, NOLA, will bring the taste of New Orleans into North Dakota, with a family-friendly atmosphere offering gumbos, a variety of seafood dishes, boudin, salads, burgers, loaded stuffed potatoes, and specialty desserts. Roux is owned by Lindsey Bradshaw, with decades of experience in managing bars and restaurants. The current crowdfunding round has a minimum goal of $20,000 and a maximum goal of $50,000, and the funds will be used for equipment, remodeling, marketing, deposit and first month’s rent, and working capital. Roux will offer carry-out, delivery, and catering services, in addition to its 35 seat capacity.

Wellness for Humanity

Wellness for Humanity, a health services provider in Atlanta, GA, is raising funds on MainVest. The company provides on-site mass testing for COVID-19 for US companies and their employees. The target is to bring the US workforce back to work safely through comprehensive and managed testing. Wellness for Humanity was founded by Felippe Marques and Greg Chickneas  in March 2020 in response to the pandemic. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $100,000, will be used for the expansion of a single COVID-19 testing site. Wellness for Humanity offers rapid response tests and recurring testing every 7 to 14 days. The tech platform of Wellness for Humanity, TrustPass, creates a specific code for each employee to meet the guidelines to the immunity passport to return to work.

Love Sun Body

Love Sun Body, with a pre-money valuation of $21.4 million, is raising crowdfunding on Wefunder. The company has invested and manufactured the first 100% Cosmos Natural sunscreen and application technology. The sunscreen is natural, non-toxic, and has passed the world’s most rigorous certification processes. Dr. Terry Zickerman founded Love Sun Body in 2012 and has raised over $2.4 million since its inception. The proceeds of the current crowdfunding round, with a minimum target of $100,000 and a maximum target of $1,070,000, will be used for marketing and brand awareness, product development, patent and trademark fees, public relations, and digital marketing. Love Sun Body reported a 47% growth in revenues from the second quarter of 2018 to the second quarter of 2019.

TrippBio

TrippBio, with a post-money valuation of $7.1 million, is raising funds on NetCapital. The company is developing a new therapeutic application of an FDA-approved drug for the treatment and prevention of the SARS-CoV-2 virus. The company believes that the drug TD213 is capable of preventing the host cell from assembling the virus that causes COVID-19. Billy Meadow and Richard Still founded TrippBio in May 2020. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the funds will be used for initial clinical trial, development and manufacturing of TD213, marketing and advertising, professional services, and ramp-up clinical trial. TrippBio is well-positioned to help the world combat COVID-19 and other infectious diseases.

Quim

Quim, with a $10 million valuation cap, is raising funds on Republic. The company makes plant-based intimate wellness products, especially focused on vaginal health. The products of Quim combat vaginal dryness, yeast infections, low libido, UTIs, and other problems. The suite of products come in the form of serums or oils and contain THC or CBD. Quim was founded by Cyo Ray Nystrom and Rachel Washtien in October 2016 and has raised over $913,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to expand, deepen community engagement, and diversify advertising channels. Quim has sold over 19,000 units and reported a ten times increment in revenue from 2018 to 2019.

Blended Sense

Blended Sense, with a valuation cap of $5 million, is raising crowdfunding on Republic. The company has created a platform that connects creative professionals with local businesses to produce content for their businesses. The platform, Creative Intelligence, handles the complete relationship, including accounting, customer service, and project management. Abigail Rose, Albert Baez, and Georgina Elizondo founded Blended Sense in April 2019. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $500,000. The proceeds will be used to accelerate the build of technology and increase development resources. Blended Sense currently has a 60% revenue growth month-over-month, and projects $700,000 in revenue by the end of 2020.

Edly ISA Marketplace

Edly ISA Marketplace, with a valuation cap of $12.5 million, is raising funds on MicroVentures. The marketplace connects investors with students looking to finance their education through income share agreements (ISAs). Edly ISA Marketplace aims to make ISAs more popular as a professional asset class. Edly ISA Marketplace was founded by Chris Ricciardi and Charles Trafton in August 2019 and has raised more than $2.5 million in previous rounds of financing. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000. The funds will be used for general marketing, research and development, future wages, and general working capital. Edly platform has over 2,500 ISA contracts and generated more than $380,000 in revenue in the first five months of 2020.

Top Shelf Cookies

Top Shelf Cookies, a bakery in Dorchester, MA, is raising funds on MainVest. The bakery specializes in unique and high-quality cookies, often made with unexpected ingredients. The cookies are made by combining various flavors and using meticulously crafted recipes. Heather Yunger founded Top Shelf Cookies in 2014. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $60,000, will be used for space improvements, equipment, and operating expenses. Top Shelf Cookies appeals to both locals and tourists and is built on years of processes, developing flavors, taking feedback, and learning about customer preferences.

Brownrigg Hard Cider

Brownrigg Hard Cider, a manufacturer of hard apple cider, is raising crowdfunding on Wefunder. It is a 20-barrel craft cidery and taproom in the SODO neighborhood of Seattle. The cider made by the company is of high quality and uses unique recipes. The ingredients, including apples, pears, plums, cherries, figs, and herbs, are directly sourced from the company’s West Seattle orchard. Christopher Scott Brownrigg founded Brownrigg Hard Cider in 2014 and has raised over $200,000 since its founding. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $250,000, will be used for business operations, taproom improvement, and payment of the accumulated debt. Brownrigg Hard Cider’s combined wholesale and retail sales went up by 173% in 2019 compared to 2018.

Frisco’s Chicken

Frisco’s Chicken, an upcoming Peruvian restaurant in Lancaster, PA, is raising funds on MainVest. The restaurant will offer the unique and delicious charcoal roasted Peruvian chicken and sides with three different varieties of sauce varying in heat and flavor. The meals of Frisco’s Chicken will be authentic, healthy, flavorful, and affordable. Francisco Gomez De La Torre founded Frisco’s Chicken in March 2020 after getting laid off from his job at Holiday Inn Lancaster. The current crowdfunding round has a minimum target of $30,000 and a maximum target of $90,000, and the proceeds will be used for operating capital, space buildout, equipment, and marketing. Frisco’s Chicken aims to meet the demands of low to high-income families of all ethnicities, including locals and tourists.

AltoIRA

AltoIRA, with a $30 million valuation cap, is raising funds on Republic. The company is modernizing IRA investing through promoting digital self-directed IRA. The company’s platform allows individuals to set up their IRA to invest in alternative assets, including private equity, private funds, venture capital, cryptocurrency, securitized art, and more. Eric Satz founded AltoIRA in April 2018 and has raised over $9.8 million in previous rounds of financing. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $1,070,000. AltoIRA has more than 1,230 active users with over 3,000 active investments and more than $75 million in assets under custody. The company has also partnered with 21 investment platforms, including AngelList, Republic, and Masterworks.

Wayzn

Wayzn, with a valuation cap of $14 million, is raising crowdfunding on Republic. The company is using innovative technology to make doors and windows open and close intelligently without any manual intervention. The company’s first product, Wayzn for Doors, turns any glass sliding door into an automatic pet door to let the pets out from anywhere, anytime. Mike Demele and Adam Smithline founded Wayzn in July 2018 and have raised over $550,000 since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to continue the expansion of product and service offerings. Wayzn has already taken more than 3,000 orders and is projected to reach $77 million in revenue by the end of 2024.

Statum Systems

Statum Systems, with a pre-money valuation of $5 million, is raising funds on StartEngine. The company is using a patent-pending solution for fragmented and unreliable communication among medical teams. The platform, StatumHEALTH, unifies cellular, WiFi, and paging with the core medical center systems for more effective and efficient communication among caregivers. Fred Lizza, Ara Nazarian, Stephen Okajima, and Arman Serebrakian founded Statum Systems in 2018. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to complete beta tests and launch the platform by the end of 2020. Statum Systems is catering to the worldwide demand for smart communications and superior care.

ReGrained

ReGrained, with a pre-money valuation of $14.5 million, is raising funds on Wefunder. It is a food upcycling technology and ingredient platform that rescues food from processors to create upcycled superfoods. The company partnered with the USDA for a collaborative research agreement and developed its patent-protected technology. ReGrained was founded by Dan Kurzrock and Jordan Schwartz in 2019 and has raised over $4.8 million since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $535,000, will be used for plant commercialization, ingredient R&D, and expansion of the ingredient portfolio. ReGrained is mission-driven and actively developing partnerships with over 60 companies across 20 F&B sectors.

@Oak & Main

@Oak & Main, an upcoming coffee shop in Nicholasville, KY, is raising funds on MainVest. The coffee shop will offer a relaxed and inviting atmosphere, featuring brewed coffees, hot teas, espresso drinks, affogatos, and made from scratch baked goods. The products will be made using locally-sourced ingredients and family recipes. @Oak & Main is owned by Kara Hoagland and operated by her brother, father, and her. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $50,000, will be used for space buildout, equipment, furniture and decor, and licensing and training. @Oak & Main aims to create a place where people can share a cup of coffee with their family and friends and relax.

Reel Big Flix

Reel Big Flix, a mobile drive-in theatre in Albuquerque, NM, is raising crowdfunding on MainVest. The theatre offers a new form of entertainment while maintaining social distancing norms. The platform will mobilize the right people, skills, and technologies for an excellent cinematic experience and serve as a platform for creative marketing. Alec Ferguson founded Reel Big Flix in May 2020. The current crowdfunding campaign has a minimum raise of $50,000 and a maximum raise of $150,000, and the funds will be used to purchase new state-of-the-art equipment. Reel Big Flix has already created a great experience for its viewers. The new mobile projection unit will help overcome the current technological limits and take the experience a notch up.

Cyber Dive

Cyber Dive, with a pre-money valuation of $17.1 million, is raising funds on StartEngine. The company is focused on making social media safer for kids. The platform allows parents to monitor their kids’ social media accounts and soothe the fears surrounding the children’s online activity. Jeff Gottfurcht and Derek Jackson founded Cyber Dive in 2019. The current crowdfunding campaign has a minimum target of $9,998.94 and a maximum target of $1,069,999.63, and the funds will be used to improve the product, gain the parents’ trust, and create a brand known for the safety and wellness of children. Cyber Dive’s algorithm is compatible with almost all social media platforms on all iOS and Android devices. The company plans to introduce a subscription model in the second quarter of 2021 and will continue to grow the core user base.

Audios

Audios, with a valuation cap of $8 million, is raising funds on Republic. The company has created wireless loudspeakers that do not require a WiFi router or Bluetooth connection. Audios speakers are cable-free, battery-powered, and easy to use. The product is ready to go into the production process. Erik Young founded Audios in August 2016 and has raised over $225,000 since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used to expand operations, increase the brand presence, and increase the direct and retail sales globally. Audios products are suitable during the COVID-19 period, with fewer things to touch in social distancing events. 

Parallel Flight Technologies

Parallel Flight Technologies, with a valuation of $28.7 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created a patent-pending drone technology that will allow drones to carry heavy loads for more than two hours. This will help in saving lives, property, and the environment. Parallel Flight Technologies was founded by Joshua Resnick, David Adams, and Bobby Hulter in 2018. The current crowdfunding campaign has no minimum target and a maximum target of $7,762,500. The proceeds will be used for marketing and sales, research and development, materials, and working capital. Parallel Flight Technologies is led by a strong team and has large market potential. The innovative technology of Parallel Flight Technologies is funded by NASA, NSF, and USDA.


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