November 30, 2020

New Deals for the Week Ending 11/29/2020

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.

 

Charlie Foxtrot Brewing

Charlie Foxtrot Brewing, an upcoming brewery in North Port, Florida, is raising funds on MainVest. The brewery will serve as a place for the local community to enjoy quality beer and entertainment together. Charlie Foxtrot Brewing is owned by Nicolas York and Timothy Price, two United States Army veterans. The proceeds of the current crowdfunding round, with a minimum raise of $60,000 and a maximum raise of $150,000, will be used for space buildout, equipment, and working capital. Charlie Foxtrot Brewing has partnered with The 22 Project in Delray, Florida. The business has raised initial prototype funds through business pitch competitions. It aims to help the veterans transition well and turn their bonds of friendship into a brotherhood.

 

Bee Mortgage App

Bee Mortgage App, with a valuation cap of $12 million, is raising crowdfunding on Wefunder. The modern app, backed by a team experienced in lending, blockchain, and mobile application development, manages the entire loan process from start to end over the mobile interface. The patent-pending automation framework of the Bee Mortgage App focuses on decentralized data validation protocols and provides access to home loans 24/7. Bee Mortgage App was founded by Curtis Wood, Cynthia Wood, Kristin Scheurer, Holly Davis, Matt Offers, Munir Valiani, Suzanne Bearry, David Braun, and Dwight Skyers in 2019. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $769,600. The funds will be used towards product development, advertising and traction, and operations. Bee Mortgage App is the only mobile mortgage app built on blockchain, with patent-pending technology and up to three times loan production capacity.

 

KarbonPay

KarbonPay, with a pre-money valuation of $6.2 million, is raising funds on Wefunder. The company automates the payroll data of businesses and helps them save money through payroll efficiency. The platform allows businesses to perform payroll calculations anytime, anywhere, without spending time in manual calculations. Brad Price founded KarbonPay in 2019 and has raised over $285,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1,070,000, will be used for software development, UX/UI, sales and marketing, and new hires. KarbonPay platform serves over 200 users in 40 companies and is growing 100% month-over-month. The platform delivers about 40% savings to its customers compared to the existing payroll providers.

 

Island Scoops

Island Scoops, an ice cream shop in Anna Maria Island, FL, is raising funds on MainVest. It is an ice cream and coastal gift shop that sells 32 flavors of ice cream. The company has recently launched its new concept, Island Donut Company, that sells freshly-made donuts and specialty coffees. Island Scoops is owned by Walter Loos and Julie Kirkwood. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $100,000, will be used for strategic growth. Island Scoops’ ice creams are hand-mixed and churned in batch freezers and are made from natural and locally-sourced ingredients. The offerings include sundaes, milkshakes, malts, ice cream nachos, ice cream cones and bowls, and baked goods.

 

JK Williams Distilling

JK Williams Distilling, a distillery in Peoria, IL, is raising crowdfunding on MainVest. The company makes exclusive craft whiskey using high-quality grains and top-notch craftsmanship passed down by four generations of JK Williams. Andrew Faris founded JK Williams Distilling in 2012. The current round of crowdfunding of the company has a minimum raise of $150,000 and a maximum raise of $250,000. The funds will be used for the website, marketing, rebranding, retail inventory for the tasting room, and bottling of existing inventory. JK Williams Distilling plans to relocate its retail location to a new space and build out a tasting room.

 

Little Biscuit Brewery

Little Biscuit Brewery, an upcoming brewery in Michigan, is raising funds on Honeycomb. The brewery will open in a 3,000 square-foot space and will produce high-quality craft beer for local and regional markets. The brewery will sell its beer in a taproom and for wholesale distribution to bars, restaurants, and retailers. Elizabeth Hartzell founded Little Biscuit Brewery in 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $70,000 and a maximum raise of $170,000, will be used for marketing, purchasing the ingredients to begin brewing operations and packaging. Little Biscuit Brewery is led by an experienced team and plans to grow further with its characteristic products.

 

Compostable LA

Compostable LA, a food scrap pickup service in Los Angeles, is raising funds on Honeycomb. The company cares for the environment and offers a subscription-based food scraps pickup service. It collects food waste from members on a weekly or bi-weekly basis and donates the scraps to local farms, gardens, and community composters to be converted into healthy soil. Monique Figueiredo, Janae D. Green, and Jamie Renee Williams founded Compostable LA in April 2020. The proceeds of the current crowdfunding round, with a minimum target of $30,000 and a maximum target of $60,000, will be used to invest in a high-capacity green delivery vehicle, upgrade to a professional delivery management software, and maximize the potential customer pool with marketing and branding. Compostable LA has already diverted around 50,000 lbs of food waste and has offset 46,196 lbs of greenhouse gas emission.

 

Perfitly

Perfitly, with a valuation cap of $15 million, is raising crowdfunding on SeedInvest. The company is transforming e-commerce by providing shoppers with a visualization of how a garment looks and fits them. The solution mimics the in-store process in full detail and serves to reduce returns and increase conversions. Perfitly was founded byDave Sharma, Kash Vyas, and Raghav Sharma. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for client onboarding, tech optimisation, sales and marketing, and operations. Perfitly is already deployed at one of the USA’s top retailers’ select sites and has achieved a 64% reduction in returns and an 80% increase in conversion.

 

TapRm

TapRm, with a valuation cap of $14 million, is raising crowdfunding on Republic. It is an e-commerce platform for everything beer that allows brands to sell to their consumers directly. The licensing of TapRm allows it to function as a wholesaler, retailer, delivery courier, and marketer for its brand partners. Jason Sherman founded TapRm in March 2017. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used to continue dominating the beer e-commerce market in New York and to expand into additional markets. TapRm has sold over 1.5 million beers with an annual revenue run rate of $5 million. The company has reported a 670% annual growth rate and projects revenues of $22 million over the next 18 months.

 

MAGFAST

MAGFAST, with a post-money valuation of $21.07 million, is raising funds on NetCapital. The electronics company designs and manufactures premium magnetic charging products that are changing charging for good. The chargers of MAGFAST charge wirelessly and support every device from every brand. Seymour Segnit and Any Rau Segnit founded MAGFAST in 2017. 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 tooling, manufacturing, product certification, and new products. MAGFAST test-launched in 2017 and generated pre-orders worth $600,000 in the first 24 hours. The company is on track to achieve over $10 million in pre-orders by the end of 2020.

 

The OLLO Group

The OLLO Group, with a pre-money valuation of $4.5 million, is raising funds on StartEngine. The company manufactures high-performance footwear for athletes. The shoes of The OLLO Group offer strong grip and function well in highly demanding environments. William Howes founded The OLLO Group in 2012. The current crowdfunding campaign, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used to solidify the company’s position, expand the market share, and increase revenue. The OLLO Group is led by an experienced team and has built a strong foundation in the past eight years. It has over 20,000 loyal customers and plans to grow further with its unique business model.

 

Mazarine

Mazarine, with a pre-money valuation of $15 million, is raising crowdfunding on StartEngine. The company is bringing patent-pending dehumidifying technology for boating storage. The technology will be used to manufacture solar-powered dock boxes that offer style, function, and customization. Jamin Finlaw founded Mazarine in 2018. The current crowdfunding round has a minimum goal of $9,999.32 and a maximum goal of $749,999.74, and the funds will be used to expand the offerings, develop strategic partnerships, improve efficiency, and streamline production. Mazarine moved rapidly from the proof of concept phase to sales of $340,000 in less than a year. The product is beautiful, functional, and highly durable.

 

Butter Roll Skate Shop

Butter Roll Skate Shop, an upcoming skate shop in Ridgewood, NY, is raising funds on MainVest. The company aims to build and sell unique and affordable skates and accessories. It also wants to make skating accessible to BIPOC and encourage inclusive skate sub-communities. Amy Collado founded Butter Roll Skate Shop in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $40,000 and a maximum raise of $60,000, will be used towards employee salary, employee taxes, building out space, marketing, inventory, and working capital. Butter Roll Skate Shop will sell merchandise along with roller skates and encourage peer to peer relationship building.

 

Hubsai

Hubsai, with a post-money valuation of $13.8 million, is raising crowdfunding on NetCapital. It is a home automation platform that makes automation affordable, fun, and simple. The platform offers DIFM smart home installation, a non-cloud secure platform, and an easy-to-use app. Mike Ghodoosian founded Hubsai in 2017. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $1,069,999, will be used towards R&D, marketing, working capital, compensation for managers, and salespeople. Hubsai works on a low-cost subscription-based model that helps smart home owners to create and maintain an automated smart home environment.

 

Optelos

Optelos, with a valuation cap of $8 million, is raising crowdfunding on SeedInvest. It is a SaaS solution that uses data management, artificial intelligence, and visualization for industrial asset inspection. The platform transforms unstructured images and metadata into an information model that functions on reality modeling and automation. David Tran and David Collmann founded Optelos in 2016 and have raised $250,000 in previous rounds of financing. 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 for marketing, embedding software, and business development. Optelos is a Commercial Partner of Microsoft One and is engaged in collaborative projects with Accenture.

 

Island Brands

Island Brands, with a pre-money valuation of $65.7 million, is raising funds on StartEngine. The company makes premium-quality beer as a competition to the major corporate brands. The beer of Island Brands is all-clean and brewed using only water, yeast, barley, and hops. The two flagship products of Island Brands are Island Coastal Lager and Island Active. Scott Hansen and Brandon Perry founded Island Brands in March 2019. The current crowdfunding campaign has a minimum raise of $9,996.17 and a maximum raise of $1,069,993, and the funds will be used to expand global distribution and grow its community of fans. Island Brands is the number one fastest-growing lager brand family in the Southeast and went up 95% in dollar sales.

 

Transportation 4 Life

Transportation 4 Life, with a $7 million valuation cap, is raising crowdfunding on Wefunder. The company provides subscription services for Tesla electric vehicles. The all-inclusive subscriptions provide worry-free and hassle-free use of Tesla’s electric vehicles by paying a monthly fee. The fee includes insurance, maintenance, taxes and registration, roadside service support, and other services. Allen Witters founded Transportation 4 Life in September 2020 and has raised over $340,000 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 towards marketing, fleet assets, back-office solutions, and operational costs. Transportation 4 Life has demonstrated over 400% month-over-month social media growth and has strategic partnerships with a leading insurance company, finance company, and EV manufacturers.

 

Waverly Labs

Waverly Labs, an innovative voice and language products company, is raising funds on StartEngine through Reg A+ crowdfunding. The over-the-ear interpreter of Waverly Labs can translate over 20 languages and help cross the language barrier in business and commerce. Andrew Ochoa and Sergio Delrio Diaz founded Waverly Labs in 2014 and have raised over $2.1 million in previous rounds of financing. The current round of crowdfunding has a maximum target of $10,349,998 with no minimum, and the funds will be used towards production, research and development, marketing, and working capital. Waverly Labs has generated lifetime revenues of $9.2 million and has partnered with companies like Walmart, Hilton, and Amazon Fulfillment Centers.


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