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.
Irrigreen, with a $16 million valuation cap, is raising crowdfunding on Republic. The company has developed a water sprinkler system that helps save 50% more water than traditional systems. The Digital Sprinkler Head of Irrigreen spreads water according to the shape of the landscaping, thus eliminating wastage. Shane Dyer founded Irrigreen in 2011 and has raised $4.9 million since the inception. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The funds will be used to expand into large commercial landscaping, including parks, sports fields, and golf courses. Irrigreen’s technology is IP-protected with six granted patents. The company has reported more than 300 installations since its product launch.
Jane West, with a valuation cap of $15 million, is raising funds on Republic. The company makes and sells products needed to improve the experience and benefits of cannabis in both legalized and prohibition states. The hemp-derived products of Jane West include CBD sticks, CBD coffee, hemp mini joints, and hemp blends. The company also offers a proprietary travel collection. Jane West founded Jane West in March 2016. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $205,000, will be used to launch new products. Jane West is a globally-acknowledged brand and has raised more than $1.8 million since its inception. The company’s 30 signature products are available both online and in stores in 13 US states and across Canada.
Commissary Club, with a $10 million valuation cap, is raising crowdfunding on Republic. The company has developed a social network for people with criminal histories to help them find employment. The platform also functions as a place for people with a criminal history to meet, share advice, and serve as role models for one another. Richard Bronson founded Commissary Club in August 2016 and has raised more than $1.7 million in previous rounds of funding. The current crowdfunding round of the company has a minimum goal of $25,000 and a maximum goal of $371,055. The raise proceeds will target marketing, key personnel hiring, and building out the platform. Commissary Club is the rebranding of the company’s successful platform, 70 Million Jobs. The company already has more that 11 million people in the community, and it generated $40 million in revenue by the third year.
SwayBrand, with a pre-money valuation of $6.8 million, is raising funds on SeedInvest. The platform connects brands and brand ambassadors together to collaborate on creative partnerships. The brands are usually connected to ambassadors who originated cultural trends to create more brand impact. Horace L. Flournoy and Israel Idonije founded SwayBrand in 2015 and raised more than $450,000 in previous rounds of financing. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $950,000, will be used for product development, sales development, marketing, hiring personnel, and general and administrative expenses. SwayBrand has already signed a contract with Conagra Brands and established a partnership with Shipbob.
SideStream, with a $5 million valuation cap, is raising crowdfunding on MicroVentures. It is a live social video platform that allows normal individuals and influencers to host live screening parties for popular movies. The hosts get to participate in the revenues generated from their hosted events. Neal Tiles and Kevin Pereira founded SideStream in 2015 and raised $405,000 in previous rounds of financing. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $500,000, will be used for marketing, research and development, repayment of legal fees, and operations. SideStream entered into a partnership agreement with Universal Studios in December 2020 which will enable the platform to offer popular Universal titles.
Dazed Brewing, a brewery in Lauderhill, FL, is raising crowdfunding on MainVest. The company already operates a brewery and plans to add food, music, and art to make it a taproom. The brewery system will include a 20-gallon pilot system with fermenters and a barrel-aging program. Joshua Breault founded Dazed Brewing in August 2020. The current crowdfunding round has a minimum raise of $100,000 and a maximum raise of $107,000, and the funds will be used for the buildout of the taproom and purchasing the 3 BBL Brewhouse. Dazed Brewing is all set to bring a great atmosphere, amazing beer, and live music to the town of Lauderhill.
PittMoss, with a $7.5 million valuation cap, is raising funds on Republic. The company makes next-generation soils that are good for the plants and the planet. The PittMoss soils are made from upcycled material and allow more air, water, and nutrients to reach the plants. The products of PittMoss are made from locally-sourced ingredients, like organic paper waste, which are then broken down, processed, and recycled. PittMoss was founded by Mont Handley and Brian Scott in January 2015 and has raised more than $4.45 million since its inception. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $297,000. The proceeds will be used to expand the sales, marketing, production, and distribution efforts. PittMoss is already selling in more than 150 stores in 22 states of the US and has generated more than $900,000 in revenue to date.
Myro, with a $15 million valuation cap, is raising funds on Republic. The company makes refillable plant-powered body care products that are environment-friendly. It has started with deodorants and has invested in R&D to create long-lasting, non-toxic, clean, and refillable deodorants. Georgiy Laptevsky founded Myro in 2017 and has raised more than $10 million since the inception. The proceeds of the current crowdfunding campaign, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used to develop and launch new products, including refillable body wash and body mist. Myro has booked over $8 million in revenue in two years, along with eliminating 16.5 tons of plastic waste.
Happy Bond, with a valuation cap of $16 million, is raising crowdfunding on Wefunder. The company makes science-based nutritional products for pets that help them live a healthy life. The products of Happy Bond include HappyAgain Collagen+ for hip and joint wellness of senior dogs, HappyDays for adult dogs, and HappyStart for pups. Anja Skodda founded Happy Bond in 2017. The current crowdfunding round of the company has a minimum target of $100,000 and a maximum target of $1,000,000. The raise proceeds will target marketing, inventory, and salaries. Happy Bond reported a three times growth from the first quarter of 2020 to the third quarter of 2020, with 40% of the customers as subscribers.
Debellation Brewing Company, an upcoming brewery in Richmond Hill, GA, is raising crowdfunding on MainVest. It is going to be the first craft beer brewery in the city of Richmond Hill, offering new styles and flavors of the beer. The brewery will make twelve unique flavors of premium craft beer using high-quality raw material. David Goodell founded Debellation Brewing Company in 2019. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $20,000, will be used for brewery buildout and startup capital. Debellation Brewing Company is led by an extremely experienced team with prior knowledge of restaurant ownership. The brewery will be built at a prime location and among a community of loyal customers.
Kaboodle, with a $20 million valuation cap, is raising funds on Wefunder. The company has developed a social media platform for pets and pet parents. The platform aims to connect pets and their parents for blogs, playdates, pictures, videos, and all animal-related services. Larry Loyd founded Kaboodle in 2018. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $1,070,000. The raise proceeds will target advertising and marketing, sales and salaries, T&E and hosting, payroll and benefits, and continued development. Kaboodle.pet is developed completely and is ready to be launched in the first quarter of 2021. It will also serve as an affordable advertising platform for underserved local pet services providers.
General Genomics, with a valuation cap of $50 million, is raising crowdfunding on Wefunder. The company has developed a health platform, Curo46, to understand the complexities of individual health. The platform uses AI and other algorithms to collect medical data, medical history, genetic markers, and other information. The data is then used for risk evaluations, medical diagnosis, and treatments. AJ Rosenthal founded General Genomics in April 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used for marketing and customer acquisition, hiring employees, paying rent, electricity, and other expenses, and research and development. General Genomics’ technology will revolutionize the understanding of individual health risks, especially during the ongoing coronavirus pandemic.
Blue Gold Works, with a $5 million valuation cap, is raising funds on Wefunder. It is a safe water enterprise that develops earth-friendly and affordable water treatment plants to serve urban neighborhoods. The treatment plants employ local people, generating employment for them. Lynn Langford, Alex Omijeh, and Jake Liebenberg founded Blue Gold Works in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,000,000, will be used towards securing partnership agreements, setting up and operating more WaterWorks, and supporting farmers in Ghana, Nigeria, South Africa, Sierra Leone, and Zimbabwe. Blue Gold Works is one of the rare businesses that generates revenue and creates a big social impact.
Smart Field CMMS, with a valuation cap of $4 million, is raising crowdfunding on Wefunder. The company has developed a computerized maintenance management system for field assets and field operations management. The platform is useful in the field of forestry, field service, solar installation, and maintenance industries. Donatas Kairys and Lee Forkenbrock founded Smart Field CMMS in 2018. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,070,000. The funds will be used for marketing, business development, operating costs, UX/UI improvements, and building new features. Smart Field CMMS is already being used in different industries, along with clients in the government sector. The company is backed by a custom software development company.
Everydae, with a $14 million valuation cap, is raising funds on WeFunder. The company is using innovative and proprietary technology to develop algorithms that personalize educational content. The digital tutor of Everydae keeps kids engaged and helps students realize their true potential. Everydae was founded by Chad Troutwine, Christine Outram, and Laura Hubbard in 2018. The company has already raised $1.28 million in the previous crowdfunding round on Wefunder. The current round of crowdfunding of Everydae has a minimum goal of $200,000 and a maximum goal of $1,070,000. The proceeds will be used towards marketing expenses, course content creation, G&A expenses, and engineering costs. Everydae team has more than 20,000 hours of tutor-training and curriculum development experience. The application has registered 64% week-over-week growth in registered users.
Moxey, with a pre-money valuation of $6.45 million, is raising crowdfunding on Wefunder. It is an innovative financial technology company that gives small business owners access to an interest-free line of credit. The platform has a unique ability to manage credit allocation inside the network. Charlie Davis and Chip Davis founded Moxey in 2010. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1,069,999, will be used for sales and marketing of new Moxey communities and the development of new app features. Moxey’s product is already used by more than 4,000 businesses in 16 cities across four states in the US.
Footcoin, an alternative investment platform, is raising funds on FundMe. The platform gives investors access to investments in sports, portfolio tracking, and secondary market trading. Currently, the investment platform has 12 players from a team in Portugal. Carmo Israel Rolim founded Footcoin in 2019. 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 marketing, research and development, equipment purchases, technology development, and expenses with current players. Footcoin is led by a team of experts and advisors with decades of experience in discovering and training football talents. The company also has sports control over the team from Portugal and a relationship network in Brazil.
Plain Sight, with a valuation cap of $10 million, is raising funds on Republic. The company has developed an app that helps people make meaningful connections through reimagined networking. The app allows users to see the skills and interests of people close by and build connections based on similarities. James Chapman, Alex Johnston, and Alexis Matteson founded Plain Sight in 2017 and already raised over $1 million in previous rounds of financing. The current crowdfunding round has a minimum raise of $107,000 and a maximum raise of $250,000. The proceeds will be used to enhance the product, increase space listings, increase the number of active users, and generate more revenue. Plain Sight is led by a highly experienced and passionate team and has recently been featured as the App of the Day by Apple.
GenBio, with a pre-money valuation of $20 million, is raising crowdfunding on TruCrowd. It is a biotechnology company working on medical research breakthroughs in the treatment of inflammation. The company is working on furthering its research to develop more potent and less toxic drugs to treat inflammatory conditions and diseases. Todd Sonoga founded GenBio in 2018. The proceeds of the current crowdfunding campaign, with a minimum goal of $10,000 and a maximum goal of $1,070,000, will be used for sales and marketing, research and development, accountancy, legal expenses, and general operating expenses. GenBio has already conducted extensive research and is looking at taking its findings to the next critical stage.
mySongbird, with a pre-money valuation of $14.6 million, is raising funds on Wefunder. It is an OTT platform for streaming music concerts. The app will revolutionize the music industry with its ultimate concert viewing experience that aligns the interests of artists, fans, and the world as a whole. Michael Mountford founded mySongbird in September 2020. The current crowdfunding round has a minimum goal of $200,000 and a maximum goal of $1,070,000. The raise proceeds will target advertising, installment payment on loan taken for purchasing music license fees for concerts, and expansion of the content library. mySongbird has recently added a show catalog from Universal Music Group and expanded its memberships.
Vestigo, with a valuation cap of $8 million, is raising crowdfunding on Wefunder. The application inspires new mindsets through adventure. It helps teams solve their problems and build connections through VR adventure experiences. Marshall Mosher and Daniel McBrayer founded Vestigo in 2015. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $1,070,000, will be used towards hiring new developers, project managers, and other employees, expanding the VR headset inventory, and paying salaries. Vestigo is working the best during the COVID pandemic when the need for virtual team building is at its peak. The current clients of the company include Microsoft, Home Depot, EY, and AT&T, among others.
Magic Valley Brewing, a brewery in Buhl, ID, is raising funds on MainVest. It is the oldest operating craft brewery in Twin Falls County and serves food and drinks made with local ingredients. It is a public house where friends and families get together to enjoy each other’s company. Richard White Sr. and Judy White founded Magic Valley Brewing in 2016. The proceeds of the current crowdfunding raise, with a minimum goal of $10,000 and a maximum goal of $50,000, will be used to expand the brewery by opening the taproom Pub on Main. The funds will also be used to complete the Brewery Beer Garden buildout, purchase new fermenters and a bright tank, and increase the distribution. Magic Valley Brewing makes exotic spirits and has established itself well in the community.
20/20 GeneSystems, with a pre-money valuation of $38.5 million, is raising funds on StartEngine through Reg A+ crowdfunding. It is a diagnostics company with a successful track record in cancer detection with its AI-powered multi-cancer blood test, OneTest. The company has recently launched CoronaCheck, its FDA authorized antibody lab test for COVID-19 antibodies. 20/20 GeneSystems was founded by Jonathan Cohen in 2000. The current round of funding has a round size of $14,700,000. The proceeds will be used for sales and marketing, research and development, intellectual property development and protection, and cybersecurity and patient privacy protections. 20/20 GeneSystems has already sold over 70,000 COVID-19 antibody tests since its launch in March 2020, and year-over-year revenues have grown by over 600%.
Flower Turbines, with a valuation of $61.7 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company has created small wind turbines that are sleek, innovative, and efficient. The turbines of Flower Turbines also address the problems of turbulence and design and are disrupting the industry through the cluster effect of its turbines. Flower Turbines was founded by Dr. Daniel Farb in 2013. The current round of crowdfunding has a maximum target of $14,490,000. The funds will be used for marketing, engineering, R&D, manufacturing, public relations, patents and intellectual property, and general and administrative expenses. Flower Turbines has four granted patents, and its turbines increase productivity by 20-50% due to the cluster effect.
Innovega, with a pre-money valuation of $54.2 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. The company makes and sells smart contact lenses and glasses that deliver high-quality AR/VR experiences. The experience is provided through eMascula, the wearable display system of Innovega. Stephen Willey and Jerome Legerton founded Innovega in 2008 and raised more than $11 million in previous rounds of financing. The proceeds of the current crowdfunding raise, with a minimum target of $750,000 and a maximum target of $15,000,000, will be used towards corporate payroll, clinical expenses, engineering expenses, administration expenses, and facilities and equipment. Innovega has 14 issued US patents and 13 pending patents. The product of Innovega has completed pre-clinical testing, and clinical trials are underway.
