December 21, 2020

New Deals for the Week Ending 12/20/2020

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.

 

Mobot

Mobot, with a pre-money valuation of $6.5 million, is raising funds on StartEngine. It is a fitness and lifestyle brand that makes innovative and sustainable products. The company has combined a foam roller and water bottle to create its unique and patented foam roller water bottle. Lani Cooper founded Mobot in 2012. The current round of crowdfunding has a minimum target of $9,999.90 and a maximum target of $1,069,999.20. The funds will be used for expanding market share, launching new product lines, and growing the direct-to-customer platform. Mobot products are available at many major retailers, including Nordstrom, and have been featured by People magazine, Forbes, Vogue, and other leading publications.

 

Kationx

Kationx, with a pre-money valuation of $16 million, is raising crowdfunding on StartEngine. The company manufactures and sells proprietary and environmentally-safe clean tech products. The products comply with regulatory and environmental standards and help in wastewater treatment and drilling industries. Bill Cox founded Kationx in 2019. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,999.36 and a maximum raise of $1,069,999.20, will be used for growth, expansion, and securing new partnerships. Kationx has commercialized three products, KCD, KCD-X, and SETTApHY. The sales of the company have doubled every half-year since 2019, and revenues have doubled from 2019 to 2020.

 

Eventcombo

Eventcombo, with a pre-money valuation of $25.1 million, is raising funds on StartEngine. The company creates leading event technology that enables both virtual and in-person events. The technology increases user engagement and conversion. Saroosh Gull founded Eventcombo in 2015. The current crowdfunding round has a minimum goal of $9,998.94 and a maximum goal of $1,069,999.44, and the proceeds will be used to grow and become a dominant force in the events industry. Eventcombo is working effectively during COVID-19 as a complete organization solution for integrations, CRM, donations, ticketing, memberships, and communications. The company has serviced over 40,000 events with more than 7,500 organizations. It has partnered with strong brands to ensure full coverage of the events.

 

PADL

PADL, with a valuation cap of $5 million, is raising crowdfunding on SeedInvest. The company combines technology and paddle sports with its paddle share systems. It offers self-service paddle sport rentals that allow users to rent paddle boards using their mobile phones. Andres Avello, Khalil Khouri, and Felipe Jauregui founded PADL in 2017 and have raised over $190,000 in previous rounds of financing. The proceeds of the current crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used for PADL stations, sales and marketing, research and development, and general and administrative expenses. PADL is launched in seven locations and has reported over 4,000 hours paddled across 700 miles. The platform has more than 1,800 total users, with over 1,000 non-member rentals and 190 subscription users.

 

Black Cat Market

Black Cat Market, a cat cafe in Pennsylvania, is raising funds on Honeycomb. It is a place where people can spend time with adoptable cats and enjoy their tea or coffee. The customers include those who already have cats as well as people looking to adopt. Olivia Ciotoli and Indigo Baloch founded Black Cat Market in 2018. The current round of crowdfunding has a minimum goal of $15,000 and a maximum goal of $25,000. The funds will be used towards an espresso machine, coffee bar supplies, refrigerator, decor and additional seating, and rent and utilities for about three months. Black Cat Market has created a loyal customer base and has helped adopt out 230 cats since its inception.

 

Quasi Rent

Quasi Rent, a real estate company in Sheridan, Wyoming, is raising funds on Mr. Crowd. The company focuses on residential property development and investment and management operations. It acquires, develops, and manages properties, including villas, duplex, terraced housing, and condos. Chun Hin Leung founded Quasi Rent in October 2020. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used to acquire new properties and finance the development and renovation of acquired properties. Quasi Rent is led by an experienced management and operation team and offers quality products to its customers.

 

Allthenticate

Allthenticate, a technology company, is raising funds on Wefunder. The company is building an all-in-one smartphone-based solution for all the physical and digital authentication needs. The users will get to interact with the world without needing to worry about their cards, keys, and passwords. Chad Spensky, Evan Blasband, and Rita Mounir founded Allthenticate in 2019 and have raised over $650,000 since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for payroll expenses for interns and full-time employees. Allthenticate system is highly secure and eliminates an entire class of cyberattacks. The company is the first to merge digital and physical access control without compromising security and usability.

 

Stratta Kitchen

Stratta Kitchen, a Mediterranean restaurant in Scottsdale, AZ, is raising funds on MainVest. The quick-service restaurant offers healthy and balanced food options made of top-quality ingredients. The menu consists of healthy, sunny, and delicious meals that provide customers with alternatives to fit their lifestyle. Chef Alex Stratta founded Stratta Kitchen in October 2019. The current round of crowdfunding has a minimum target of $100,000 and a maximum target of $250,000. The funds will be used for expanding offerings, adding signage, and operating capital. Stratta Kitchen is led by an award-winning culinary expert who is bringing healthy and delicious Mediterranean dishes to Scottsdale.

 

Elevated Seltzer

Elevated Seltzer, a brewery in Arvada, CO, is raising crowdfunding on MainVest. The brewery crafts the highest quality of Hard Seltzer by using the best ingredients. It perfects the brewing process by taking extra care and time  and focusing on quality, precision, and fun. Hunter Wood and Warren Wood founded Elevated Seltzer in July 2019. The proceeds of the current crowdfunding campaign, with a minimum goal of $40,000 and a maximum goal of $150,000, will be used to expand operations and buy packaging materials and equipment. Elevated Seltzer has seen substantial growth during the pandemic and plans to grow further to meet the growing demand.

 

Scooterson

Scooterson, with a $19 million valuation cap, is raising funds on Republic. The company has created a line of energy-efficient, intelligent, and easy scooters that can be controlled entirely from smartphones. The scooters are manufactured using the highest quality materials, components, and standards. Mihnea de Vries and Deepansh Jain founded Scooterson in 2016 and have raised over $2.8 million since its inception. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used towards production costs, product launch campaign, and marketing expenses. Scooterson reported $1.1 million in pre-sales from July to October 2020 and expects to reach $25 million in revenues by the end of 2021.

 

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.

 

HelloWoofy. com

HelloWoofy.com, with a valuation cap of $9.5 million, is raising funds on Wefunder. The technology at HelloWoofy uses artificial intelligence and data science to personalize social media marketing for the users. The platform helps users manage different social media networks, organize their campaigns, and make their copywriting more efficient. HelloWoofy.com was founded by Arjun Rai in September 2016 and has raised over $1 million since its inception. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $500,000. The proceeds will be used towards engineering, product development, marketing, accounting, sales, and working capital. HelloWoofy.com grew by 21,900% from its launch in under a year.

 

Jolie Rogers

Jolie Rogers, food service in Portland, ME, is raising funds on MainVest. The food service offers a raw bar experience with its high-quality oysters, sourced as fresh as possible. The owners are honing their craft every day to elevate the experience for their customers. Andrew Rogers and Ryan Jolie founded Jolie Rogers in 2018. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000, and the funds will be used to acquire an oyster farm business and integrate it with its catering business. Jolie Rogers will be able to serve larger events with the oyster farm business and will be mentored by the existing owner of the business for future growth and expansion.

 

Dashible

Dashible, with a post-money valuation of $4.3 million, is raising crowdfunding on NetCapital. The company offers an integrated platform to connect local retailers and consumers and build long-lasting relationships among them. The platform helps consumers find good deals, discounts, and promotions and lets businesses reach new customers and increase revenue. Marvin Johnson and Tony Carter founded Dashible in 2019. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $250,000, will be used for payroll, sales and marketing, and technology. The Dashible ecosystem provides benefits to both consumers and businesses. It charges businesses a monthly subscription fee after giving a free trial.

 

Po Campo

Po Campo, with a valuation cap of $3.5 million, is raising funds on Republic. The company makes bags designed using MobilityTech. The technology makes the bags as mobile as possible and allows them to be carried easily on bikes and scooters. The bags of Po Campo come with transitional designs, fabric innovations, smart storage, and functionality. Maria Boustead founded Po Campo in 2009. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $250,000, will be used to increase the product offerings, partner with leading brands, and expand distribution. Po Campo reported a 256% increase in sales with a 176% conversion rate increase in 2019. The business has a gross profit margin of 73.3% and expects revenues to reach $20 million by 2023.

 

Cannabox

Cannabox, with a valuation cap of $8.5 million, is raising crowdfunding on Republic. The company is changing the online shopping experience of cannabis accessories with its Cannabox. The box delivers cannabis essentials to the users on a monthly basis and makes the usage of cannabis easy and stress-free. Michael Berk founded Cannabox in 2013. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the funds will be used for marketing, product development, and opening a third fulfillment center. Cannabox has sold over 350,000 boxes to date, with lifetime revenues of over $11.5 million. The company has current monthly revenue of $400,000, with a 65% year-over-year growth.

 

Acre Mezcal

Acre Mezcal, with a pre-money valuation of $10 million, is raising funds on StartEngine. It is a spirit brand that makes small-batch handcrafted mezcals. The business started as an amenity for Acre Resort but has quickly gained industry recognition. Jordan Haddad founded Acre Mezcal in November 2020. The current crowdfunding round has a minimum target of $9,999.64 and a maximum target of $1,069,991.30. The proceeds will be used to amplify the popularity of the brand. Acre Mezcal has already reported sales of $100,000 since its launch, despite the pandemic. The four varieties of Acre Mezcal received medals at the San Francisco Spirits Competition in 2020.

 

WizHero

WizHero, with a pre-money valuation of $3 million, is raising funds on TruCrowd. It is an online sports coaching platform powered by AI. The platform allows instructors to join the marketplace and use AI tools to build AI-based coaching channels. Additionally, the platform helps sports students learn from AI-enhanced online videos. Viorel Teodorescu founded WizHero in March 2020. The proceeds of the current crowdfunding raise, with a minimum target of $10,000 and a maximum target of $250,000, will be used towards equipment, research and development, sales and marketing, events and travel, and general operating expenses. WizHero has released its MVP and received $110,000 as Amazon AWS startup credits.

 

KhemoSafe

KhemoSafe, with a pre-money valuation of $2.75 million, is raising crowdfunding on TruCrowd. The company has a patented technology device designed to make the collection of hazardous waste safer. The device traps and contains hazardous chemical vapors after the healthcare workers dispose of it. Louis Soto founded KhemoSafe in March 2019. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $250,000, and the funds will be used to finalize and execute the prototype and start the manufacturing of the device. KhemoSafe will use a B2B strategy by licensing its unit to health institutions for a monthly or annual fee. The company will also provide institutions with monthly reports on how much waste they generated.

 

222 Cold Brew Specialty Drinks

222 Cold Brew Specialty Drinks, an upcoming dessert place in Ohio, is raising funds on Honeycomb. The business plans to sell cereal shakes, cereal in a cup, cereal in a bowl, and cereal sundae with 75 different cereals and a choice of toppings. Robyn Fossen founded 222 Cold Brew Specialty Drinks in June 2019. The proceeds of the current crowdfunding round, with a minimum raise of $20,000 and a maximum raise of $30,000, will be used to purchase equipment, supplies, and product and physically open the restaurant. 222 Cold Brew Specialty Drinks could not be opened due to the COVID-19 pandemic. The company plans to expand soon, grow its profit margin, and expand to more store locations in the future.

 

goimagine

goimagine, a socially-good marketplace, is raising crowdfunding on Wefunder. It is the world’s first marketplace that donates 100% of its profits to charity. The platform sells handmade items by connecting buyers and sellers across the US. The company is introducing the concept of a caring economy to e-commerce. Jon Lincoln founded goimagine in January 2020. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for marketing, operating expenses, and software development. About 1,458 sellers have created their shop on goimagine in 2020. The company will hit profitability as soon as it reaches 5,000 shops.

 

James Bay Distillers

James Bay Distillers, with a pre-money valuation of $2.6 million, is raising funds on Wefunder. The company distills and produces award-winning gins and whiskeys. It makes sipping spirits, including its Galloping Goose Canadian whiskey and Summer Gin, that do not require a mixer. Ernest Troth founded James Bay Distillers in 2014 and has raised over $750,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,040 and a maximum goal of $249,980, will be used towards production supplies, ingredients, bottling, labels, and marketing. James Bay Distillers is reporting rapid growth in sales, with year-to-year growth of over 200%.

 

Do Well Do Good Corp.

Do Well Do Good, a shared-use kitchen and food hall, is raising crowdfunding on Wefunder. The business provides physical space for apprenticeship and entrepreneurial programs run by local partners. The concept helps bring down the entry barriers for culinary entrepreneurs, including startup capital and business awareness. Rachel Shapiro founded Do Well Do Good in November 2020. The proceeds of the current crowdfunding round, with a minimum target of $109,375 and a maximum target of $193,500, will be used for cash flow shortfall in the first seven months and shortfall in buildout, equipment, and furniture. Do Well Do Good has a projected profit margin of 29% for the first year and 41% for the second and third years.

 

LYC Products

LYC Products, with a $5 million valuation cap, is raising funds on Wefunder. The company is building a community platform for people to create wellness awareness and connect with like-minded individuals. The platform helps companies in improving the wellness of their stakeholders, lowering costs, and supporting their social responsibility programs. Anthony Ferguson founded LYC Products in 2018 and has raised over $160,000 since its inception. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $500,000. The funds will be used for marketing, salaries, app development, and rent and platform maintenance cost. LYC Products is led by a highly experienced team and expects to generate revenues through multiple streams.

 

Consumer Cooperative Group

Consumer Cooperative Group, a cooperative corporation, is raising funds on Crowdsource Funded. The cooperative allows investors to invest in real estate projects as a single unit. It is a real estate investment cooperative (REIC) that allows investors to take advantage of real estate opportunities collectively, independently, and equitably. Consumer Cooperative Group is led by Tanen Andrews and was founded in 2017. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $250,000. The proceeds will be used to eliminate long-term debt encumbering current and future real estate assets. Consumer Cooperative Group is led by an experienced team and aims to remove red-tapism and other drawbacks related to real estate investing.

 

Big Bear Cafe

Big Bear Cafe, a restaurant in Washington, DC, is raising funds on SMBX. It operates as a coffeehouse, bakery, and wood-oven kitchen out of an old brick Victorian bodega surrounded by grapevines, herb gardens, and flowering trees. It is a perfect setting for a morning cup of coffee, afternoon lunch with friends, or a fire-lit evening dinner. Stuart Davenport founded Big Bear Cafe in 2006. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $100,000. The funds will be used for general kitchen improvements, public access to the pizza oven, new equipment, and working capital. Big Bear Cafe sources its ingredients from local farms and has grown collaboratively in the past several years.

 

WhoaStir Coffee

WhoaStir Coffee, an upcoming mobile coffee business, is raising funds on MainVest. The coffee shop plans to offer a new experience to coffee lovers with its tasty and different coffee. It functions as a coffee laboratory where people can see what’s happening. Jonathan Bonilla-Bowman founded WhoaStir Coffee in October 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $100,000, will be used for purchasing a mobile platform, mobile platform buildout, capital equipment, prepaid insurance, and advertising. WhoaStir Coffee will constantly keep innovating to bring something exciting to its customers.

 

Back Alley Brewing Co.

Back Alley Brewing Co., a craft brewery in Pennsylvania, is raising crowdfunding on Honeycomb. The brewery will provide a unique experience to its guests of all ages. It has two large event rooms for private space, and the tasting room offers a variety of ales, lagers, and ciders. Patrick McKinley and Patricia McKinley founded Back Alley Brewing Co. in March 2020. 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 brewing and cellaring equipment, canning system, the buildout of the taproom, and other fixtures. Back Alley Brewing Co. aims to become a trusted establishment for the local community with its quality beer and friendly atmosphere.

 

QURI Vodka

QURI Vodka, with a pre-money valuation of $7 million, is raising funds on StartEngine. It is an award-winning premium vodka company that makes vodka by cooking, distilling, and fermenting quinoa in micro-batches. The company sources the world’s best quinoa from a Peruvian family farm located on Lake Titicaca. Jonathan Tourgee founded QURI Vodka in July 2020. The current crowdfunding round has a minimum raise of $9,999.50 and a maximum raise of $106,999.90, and the funds will be used for growth and expansion. QURI Vodka has won several awards at spirits competitions on national and international levels. It is one of the only three companies in the world that make vodka from quinoa.

 

Klean Scissors

Klean Scissors, with a pre-money valuation of $3.7 million, is raising funds on Fundanna. The company has designed and manufactured the Deresinator, to clean dirty scissors after trimming cannabis. The Deresinator uses automated breakthrough technology to ensure a cleaner and healthier workplace for cannabis workers and saves a lot of time. Dave Timoney and Jon Timoney founded Klean Scissors in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $500,000. The proceeds will be used towards bridge financing, sales and marketing, equipment, rent, salaries and wages, and general operating expenses. Klean Scissors has also developed a food-grade and non-toxic solvent to be sold along with the Deresinator.

 

Techtracker

Techtracker, with a $7.5 million valuation cap, is raising funds on Republic. The company provides technology tracking services on the internet. It allows its clients to find which technology or product a company is using and receive alerts on their installation. The platform has also added keyword scanning capabilities on websites. Jesper Qvist and Loredana Qvist founded Techtracker in October 2020. 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 to partner with CRM giants to sell subscriptions, expand the website alerts functionality, and enable engineers to build new applications. Techtracker has tracked over 6,900 technologies, more than 200 million domains, and over 8,500 unique keywords. It has more than 380 customers since its launch in May 2020.

 

Viroment Equity

Viroment Equity, a builder of high-tech agricultural facilities, is raising funds on Wefunder. The company builds and leases technologically advanced agricultural facilities to the world’s top pork producers. The barns made by Viroment are fitted with odor-eliminating manure filtration technology, which also creates high-value dry fertilizer in the process. Viroment was founded by Paul Koenig in October 2020. The funds from the current crowdfunding campaign, with a minimum target of $50,000 and a maximum target of $600,000, will be used towards legal and accounting expenses, marketing and advertising, land acquisition, preconstruction costs, and equipment. Viroment is creating high-tech barns of the future at lower costs, less regulation, and high sustainability.

 

BlueStar SeniorTech

BlueStar SeniorTech, with a valuation cap of $24.2 million, is raising crowdfunding on Wefunder. The company provides hardware, software, communications, and support staff to help seniors live better lives in their homes. The services are provided on a monthly subscription basis. Robert Wray founded BlueStar SeniorTech in 2013 and has raised over $10 million since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for growth marketing, equipment for RPM, and new staffing. BlueStar SeniorTech has 5,000 customers and generates $2 million in recurring revenue. The company has agreements in hand to grow four times next year.

 

Navisyo

Navisyo, an online platform committed to uniting world travelers, is raising funds on Wefunder. The platform connects travelers across the world with boat owners to provide authentic, affordable, and safe travel experiences. The three revenue streams of Navisyo will include Floatel stays, Voyage opportunities, and Event spaces. Alexander Michaels founded Navisyo in April 2020. The current crowdfunding round has a minimum raise of $75,000 and a maximum raise of $1,070,000. The funds will be used for marketing, online PR, social media marketing, salaries, development of mobile version, and global insurance coverage. Navisyo will charge minimal services fees, between 12% to 18%, for its unmatched boat offers. It expects to reach gross annual revenue of $1 million in the first year itself.

 

BrainScanology

BrainScanology, with a $20 million valuation cap, is raising crowdfunding on Wefunder. The company has developed the technology to study MRI scans of the brain to track the risk of developing bipolar disorder, ADHD, dementia, or Alzheimer’s disease. The technology uses the Linearised Compressed Polar Coordinates (LCPC) transform to track the risks. Harini Kumar and Dave Nguyen founded BrainScanology in August 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $107,000, will be used for marketing, legal and patent fees, and salaries. BrainScanology’s technology is expected to help detect diseases early and save many lives. The LCPC algorithm is a game-changer in MRI analysis.


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