March 1, 2021

New Deals for the Week Ending 02/28/2021

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.

 

Jetson

Jetson, with a $20 million valuation cap, is raising funds on StartEngine. The company is the provider of smart speakers and voice assistants and is a voice-first SaaS platform. It uses artificial intelligence to upgrade smart speakers like Amazon Alexa and Google Home for businesses and allows them to process voice ordering. Peter Peng founded Jetson in 2017 and has already raised $2.8 million in previous rounds of financing. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000. The proceeds will be used to onboard new users, integrate new brands onto the marketplace, enter new industries, and expand into new geographies. Jetson has signed partnerships with Amazon Pay, delivery.com, Postmates, Shopify, and Square. The marketplace currently has 1.46 million products and more than 13,150 merchants.

 

illumnus

illumnus, with a valuation cap of $6 million, is raising crowdfunding on Republic. It is a digital learning platform for K-12 educational institutes. The platform is chat-based and makes learning easier and seamless through collaborative learning. Akash Singhal, Akshaya Singhal, Gauri Dehankar, and Devashish Saxena founded illumnus in July 2018. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $107,000, will be used to improve the product and expand to over 7,000 schools. illumnus already has clients in the United Kingdom, the United Arab Emirates, and India, with over 6,000 users onboarded in the first three months.

 

Clocr

Clocr, with a valuation cap of $8 million, is raising funds on Republic. It is a digital legacy planning platform that allows individuals to create wills for their online accounts, manage their beneficiaries, and stay connected with their loved ones. The platform is legally-compliant, secure, and easy to use. Sree Chintala and Apoorva Chintala founded Clocr in November 2018. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $250,000. The proceeds will be used to add new service lines, enhance the product offerings, get the security certification, and grow the team. Clocr has three pending patents and has been featured in Forbes, Entrepreneur, and Techconnect.

 

Obi

Obi, with a valuation cap of $19.5 million, is raising crowdfunding on Republic. The mobile application allows users to access all ride-hail apps, compare prices across them, and save money. The users get to take the best ride at the best price. Payam Safa founded Obi in 2014 and has raised more than $3.5 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for launching in new markets, integrating direct suppliers, and building innovative product features. Obi has over 130,000 users and more than 235,000 ride bookings to date. The app is accelerated by Plug and Play Tech Center and incubated by Amadeus for Startups.

 

Healthy Hip Hop

Healthy Hip Hop, with a $10 million valuation cap, is raising funds on Republic. The platform offers a safe social media experience for kids with the help of hip-hop culture, social interaction, and literacy. The company partners with schools and parents to offer its comprehensive childhood development program to kids. Roy Scott and Wes Smith founded Healthy Hip Hop in October 2019. The current round of crowdfunding has a minimum target of $25,000 and a maximum target of $1,070,000. The funds will be used for onboarding 10,000 new users (including schools, parents, and companies), IT development, marketing, and team talent. Healthy Hip Hop has more than 1,500 live events and more than 5,000 active users. The company expects its revenue to reach $10.7 million by 2023.

 

The Mindful Mutt

The Mindful Mutt, upcoming dog care services in Boston, MA, is raising funds on MainVest. The dog care service will offer love and care for dogs belonging to professionals, travelers, and learning dog parents. The services will include holistic wellness, passionate pet care, a safe and healthy environment, and fostering a culture of growth. Deanna Anderson founded The Mindful Mutt in February 2021. The proceeds of the current crowdfunding raise, with a minimum target of $75,000 and a maximum target of $90,000, will be used for advertising, renovation expenses, technology equipment, and grooming salon equipment. The Mindful Mutt aims to support local foster dogs, conduct therapy dog programs, and educate children on dog safety.

 

WayOut Kids

WayOut Kids, with a valuation cap of $5 million, is raising funds on Wefunder. It is a multimedia company for next-generation kids. The platform develops educational content for K-5 kids to spark their curiosity for learning about the world around them. The curriculum covers the alphabet, the environment’s ecosystems, and much more through its mascot Rodney. Jd Davis founded WayOut Kids in December 2019. 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 production and development, marketing and advertising, and hiring a salesperson. WayOut Kids aims to positively impact the lives of millions of kids with its streaming services.

 

Assure Health

Assure Health, with a valuation of $10.68 million, is raising crowdfunding on Equifund CFP. It is a medical technology company that offers personalized medical care to seniors from home. The patients receive round-the-clock medical monitoring services without any out-of-pocket costs. Jeffrey Nadel and Craig Bolz founded Assure Health in May 2020. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000, and the proceeds will be used for growth and expansion. Assure Health offers friction-free data collection and helps primary care providers deliver better care. The company does not require FDA approval and is ready to save millions of lives.

 

AllerPops

AllerPops, with a pre-money valuation of $7.5 million, is raising funds on Wefunder. The company makes prebiotic lollipops that help people fight allergies the natural way. The lollipops are all-natural, drug-free, and made with FDA-approved food ingredients. Cliff Han founded AllerPops in 2016. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $500,001, will be used for marketing, clinical trial, inventory and product development, and international patent application. AllerPops already has three patents issued from USPTO and has filed five international patent applications. The lollipops have helped more than 5,000 customers with an efficacy rate of 94.5% and have already generated over $120,000 in revenue.

 

Evrmore

Evrmore, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a digital wellness app using emotional artificial intelligence. It serves as the social and mentor network for underserved youth to speak their truth and stay on track. Ivy Mahscio founded Evrmore in November 2019. The current crowdfunding round of the company has a minimum goal of $100,000 and a maximum goal of $250,000. The funds will target the launch of the D2C app in the iOS app store, the development of the app for Apple Watch, the development of social analytics dashboard, and the development of Alexa Skills for the app. Evrmore has moer than 30,000 users and has reported a 583% user growth per month.

 

Asaak

Asaak, with a $10 million valuation cap, is raising funds on Republic. The company is focused on unlocking financial services for Africans through asset-backed loans. It has created an end-to-end lending marketplace that helps Africans access financial services and allows investors to invest directly in loans. Kaivan Sattar founded Asaak in 2017 and has raised more than $4.4 million since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $250,000, will be used for growth and expansion. Asaak has disbursed more than 1,300 loans with an on-time payment collection rate of 95%. The company became profitable in the fourth quarter of 2020 and has a gross margin of 39% and a profit margin of 17%.

 

CiSApp

CiSApp, with a valuation cap of $1.5 million, is raising crowdfunding on MicroVentures. The company is creating a decentralized social network blockchain to connect users across different account spaces. The network aims to solve problems related to anonymity, data privacy, and transparency. Palem Imran and Bhargav Varma founded CiSApp in 2019 and raised $15,000 in seed funding in 2020. The current crowdfunding round has a minimum goal of $25,000 and a maximum goal of $107,000. The funds will be used for general marketing, research and development, development contracting, future wages, and working capital. CiSApp has more than 22,285 users signed up during its beta testing.

 

Linen

Linen, with a valuation cap of $22 million, is raising funds on Republic. The application has been developed to allow retail investors to access alternatives to bonds and peer-to-peer loans. Linen will use high-end technology to enable the use of blockchain by investors in the form of stablecoins and provides access to liquidity pools on the Ethereum blockchain. The company was founded in June 2018 by Vitaly Bahachuk, Alex Bazhanau, and Max Okala-Kulak. Linen is backed by Coinbase, Were Capital, HashKey Capital, and Polychain Capital. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $500,000. The funds will be used to launch new functionalities, implement scalability solutions, and connect the app to the broader DeFi ecosystem. Linen has already found product-market fit with its low operating costs and scalable growth.

 

HiveSkill

HiveSkill, with a post-money valuation of $11.35 million, is testing the waters on NetCapital. The company helps in increasing the impact of digital marketing by using emotional artificial intelligence. The AI-powered database and CRM hybrid of HiveSkill use data and artificial intelligence to boost one-on-one marketing efforts. Sophia Becker and Michael Fanning founded HiveSkill in April 2020. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $250,000, will be used for marketing, content generation, sales, development, and administrative costs. HiveSkill helps companies tell their story to those who need to hear it in a customized and targeted manner.

 

AEXLAB

AEXLAB, with a $12 million pre-money valuation, is raising funds on StartEngine. It is a virtual reality company offering unparalleled technology experience to gamers. The company has developed interactive VR technology for high-quality, immersive, and social gaming experiences. Jonathan Ovadia founded AEXLAB in January 2021. The proceeds of the current crowdfunding round, with a minimum raise of $9,996 and a maximum raise of $1,069,998, will be used for innovation, growth, and expansion. AEXLAB is soon going to launch its first gaming franchise, VAIL, which aims to redesign gamers’ lobbies. The solutions offered by the company will not only be used in esports but also for haptics, firearm simulation, VR human interfaces, and audio spatialization.

 

iPill

iPill, with a pre-money valuation of $7.5 million, is raising funds on StartEngine. The company is manufacturing a pill dispenser connected to a smartphone application. The dispenser helps to address and combat the opioid crisis by actively controlling opioid usage. The smartphone application ensures adherence to prescriptions. John Hsu and Sherie Hsieh founded iPill in 2019. The current crowdfunding round has a minimum target of $9,999 and a maximum target of $1,069,999.50. The proceeds will be used to launch the product, perform the clinical study, and achieve manufacturing growth. iPill has been designated as a breakthrough medical device by the FDA and has received FDA Class I registration.

 

PredictSys

PredictSys, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The company has developed a system to use big data and artificial intelligence for analysis of customer sentiments and fashion forecasting. The application generates automated and actionable recommendations for inventory management to improve both profitability and customer experience. Abhinav Chandra founded PredictSys in February 2019. The proceeds of the current crowdfunding round, with a minimum raise of $250,000 and a maximum raise of $1,070,000, will be used for the enhancement and deployment of MVP, sales and marketing, and development of infrastructure. PredictSys’ MVP generates recommendations with over 90% accuracy and is on its way to launch.

 

RIZOME

RIZOME, with a $27 million valuation cap, is raising funds on Wefunder. The company aims to use engineered bamboo lumber as the primary global construction material. The new material will help to build climate-positive buildings and cities and launch regenerative urban development. Troy Carter and Russell Smith founded RIZOME in 2013. The current crowdfunding round of the company has a minimum goal of $250,000 and a maximum goal of $1,070,000. The proceeds will be used towards manufacturing equipment, team and salaries, and carbon and planting. RIZOME hopes to become profitable by June 2021, along with keeping up with its mission to remove ten gigatons of CO2 by 2050.

 

Talla

Talla, with a post-money valuation of $20.8 million, is testing the waters on NetCapital. The company has developed an AI-powered platform to provide automated customer support to clients. The product answers queries, reduces resolution times, reduces escalations, and improves customer experience. Frank Speiser and Byron Galbraith founded Talla in 2015. The current crowdfunding raise has a minimum target of $10,000 and a maximum target of $1,070,000. The proceeds will be used for engineering, business development, marketing, and customer success. Talla is backed by venture capitalists, including PJC, Avalon Ventures, and Glasswing Ventures, and has high-profile clients like PayPal, Toast, and Mutual of Omaha.

 

Intentional Gap Year

Intentional Gap Year, with a $3 million valuation cap, is raising crowdfunding on Wefunder. The company has developed an online personal development workshop that helps people in self-discovery, especially during gap years. The platform allows people to take personal responsibility, accept their challenges, find solutions, and overcome obstacles. Celeste Rajczi and Kim McCann founded Intentional Gap Year in October 2020. The proceeds of the crowdfunding raise, with a minimum target of $20,000 and a maximum target of $250,000, will be used for hiring a salesperson, hiring support staff, paying taxes, product development, and founders’ salaries. Intentional Gap Year aims at the personal growth and development of the youth, with goals supplemental to the existing norms.

 

StackSource

StackSource, with a valuation cap of $13.8 million, is raising funds on Wefunder. It is a commercial real estate financing portal that matches loan requests submitted through its portal with relevant loan programs. The platform helps to automate the process of applying for real estate loans and getting approvals. Tim Milazzo and Nathan Wall founded StackSource in 2015. The current crowdfunding round has a minimum raise of $1,000,000 and a maximum raise of $1,070,000, and the funds will be used for hiring, accounting, and legal expenses. StackSource has already closed more than 100 real estate loans and generated more than $2 million in revenue. The patent-pending browsing extension technology is aimed at redefining the search for real estate deals.

 

Harlan County Beer Company

Harlan County Beer Company, a brewery and restaurant in Harlan County, Kentucky, is raising crowdfunding on Wefunder. The brewery will brew high-quality beer and sell it from its taproom in a 100-year old building. It will offer eight classic beer styles as drafts on-site and growlers for take-home. Gill Holland and Geoff Marietta founded Harlan County Beer Company in September 2020. The proceeds of the current crowdfunding raise, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for brewery equipment, taproom equipment, restaurant equipment, marketing, and operating capital. Harlan County Beer Company will be the only bar in the surrounding area and will earn through diversified revenue streams.

 

Rule G Brewing

Rule G Brewing, an upcoming microbrewery and taproom in Parkland, FL, is raising funds on MainVest. The company is launching at an excellent location with an efficient business plan. The brewery will offer railroad-themed decor, light snacks, board games, live music, and craft beer. Ralph E. Rapa and Veronica Villa founded Rule G Brewing in February 2021. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $100,000. The funds will be used as working capital for opening the brewery and taproom. Rule G Brewing will be the only microbrewery in Parkland and will present a unique environment for its clients.

 

CycleBoard

CycleBoard, with a pre-money valuation of $12 million, is raising crowdfunding on StartEngine. The company designs and manufactures personal electric vehicles using its patented steering technology and three-wheel platform. The electric vehicles of CycleBoard are easy to ride, functional, and fun. Phillip LaBonty founded CycleBoard in 2015. The proceeds of the current crowdfunding campaign, with a minimum raise of $9,996.25 and a maximum raise of $1,069,991.33, will be used for growth and expansion. CycleBoard reported a 110% growth in sales from 2019 to 2020 and has generated $4.9 million in total sales. The patented lean-to-steer technology of CycleBoard comes with dual front wheels, a single rear wheel, and a stability bar.

 

Cabo Vegan

Cabo Vegan, a Cabo Verdean vegan restaurant in Brockton, MA, is raising funds on MainVest. The restaurant aims to cater to a meat-free lifestyle, serving vegan or plant-based Cabo Verdean cuisine. The tasty and nutritious meals of Cabo Vegan come with the benefits of veganism. Tome Andrade and Valery Teixeira founded Cabo Vegan in June 2020. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $75,000. The proceeds will be used to finish the buildout of the first brick-and-mortar location, purchase equipment, and buy furniture. Cabo Vegan has already established a base and gained demand during its soft launch and aims to become the satellite for veganism in the south shore. 

 

Future Acres

Future Acres, with a pre-money valuation of $7 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. The company is developing an autonomous farm tool called Carry. Carry finds rows, goes to pickers, waits for the crop to be loaded, and transports the load from the rows to their destination. Suma Reddy founded Future Acres in 2017 and has raised more than $500,000 in previous rounds of financing. The current crowdfunding round has a minimum raise of $500,000 and a maximum raise of $3,000,000. The funds will be used for product development, payroll, marketing, and general and administrative expenses. Future Acres is backed by Wavemaker Partners, a global venture capital company, and led by an experienced and passionate team.

 

Death & Co

Death & Co, with a pre-money valuation of $18 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. It is a hospitality company offering unique cocktail experiences across the country. The business is run under an umbrella company named Gin & Luck, with three Death & Co locations, an online retail platform, food and beverage management, and much more. David Kaplan founded Death & Co in 2017. The current crowdfunding round has a minimum raise of $750,001 and a maximum raise of $6,000,000. The funds will be used for company growth, repayment of the debt, and COVID buffer. Death & Co has received a lot of praise and has been featured in Forbes, Travel & Leisure, and The New York Times. The revenue of the umbrella company grew 49% from $4.9 million in 2018 to $7.3 million in 2019.


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