Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowd members 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.
Season Three, with a valuation cap of $6 million, is raising funds on Republic. The company makes and sells hiking boots and outdoor apparel for millennials and Gen-Z. The outdoor lifestyle brand makes heritage footwear for the new generation, with The Ansel as its flagship product. Adam Klein and Jared Ray Johnson founded Season Three in April 2018 and have raised more than $600,000 since the inception. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The funds will be used for product development, social media marketing, content creation, and hiring. Season Three has reported more than $150,000 in sales since its launch in February 2020 and expects to reach $830,000 in sales by 2021.
AlphaFlow, with a valuation cap of $55 million, is raising crowdfunding on Republic. The platform is connecting the housing market of the US with the world’s best institutional investors. The lenders sell their loans and run their business seamlessly using AlphaFlow, and investors get to invest online in real estate debt. Ray Sturm founded AlphaFlow in May 2015 and has raised more than $16 million since its founding. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $3,930,300. The funds will be used to develop the software further and sign and activate more than 100 more lenders. AlphaFlow currently has curated partnerships with lenders across over 40 states, and the production volume is expected to reach $110 million per month by the third quarter of 2021.
bluShift Aerospace, with a valuation cap of $18 million, is raising funds on Wefunder. It is a commercial rocket company that uses earth-responsible, carbon-neutral, and bio-derived fuel to provide space launch services. The company works as an Uber to space with its suborbital and orbital launch services. Sascha Deri founded bluShift Aerospace in 2014. The proceeds of the current crowdfunding campaign, with a minimum goal of $500,000 and a maximum goal of $1,070,000, will be used towards labor expenses, capital investments, materials and licensing, and other operating expenses. bluShift Aerospace is expected to be cash-flow positive in four years and increase its net margin to 50% in seven years.
Empire State Greenhouses, with a $25 million valuation cap, is raising crowdfunding on Wefunder. The company aims to build the future of agriculture with its commercial and utility-scale renewable energy efficiency projects. Louis Ferro founded Empire State Greenhouses in 2017. The proceeds of the current crowdfunding round, with a minimum goal of $100,035 and a maximum goal of $1,070,000, will be used towards environmental study, design and engineering, equipment deposits, and legal fees. Empire State Greenhouses has designed its system to combine renewable energy and vertical agriculture to solve problems related to food security and climate change.
Cannabiscope, a cannabis-focused SaaS platform, is raising funds on MicroVentures. The company has a valuation cap of $4 million and works as the link between cannabis retailers and consumers. The Cannabiscope platform makes it easier for the CBD/THC retailers to showcase their products and for the consumers to learn more about the products before purchasing. David Schacter and Paul Shockley founded Cannabiscope in 2018 and have raised $138,000 in previous rounds of financing. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $396,072, and the proceeds will be used for R&D, marketing, and general working capital. Cannabiscope already has more than 257 active businesses on its platform and has conducted two successful pilot tests.
EnergyX, with a post-money valuation of $310.4 million, is testing the waters on NetCapital. The company is leading the global transition to renewable energy. It has developed the next-generation battery technology, direct lithium extraction technology, and built Lithium-ion Transport and Separation (LiTAS). Teague Egan founded EnergyX in 2018 and has raised more than $9.7 million since the inception. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $3,934,064. The proceeds of the raise will be used towards intellectual property, battery design, pilot plants, marketing, accounting, and other expenses. EnergyX already has agreements with four of the top ten lithium producers of the world. The company’s technology will improve lithium recovery rates from 30% to 90%.
Issuer Pixel, with a post-money valuation of $14.9 million, is testing the waters on NetCapital. The company has developed a video and audio sharing platform that helps companies connect to the world. The platform uses patent-pending technology to organize content on the basis of countries and industries. David Baker, David Guzy, Byron Kwok, and Vadim Tarasov founded Issuer Pixel in October 2020. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1,069,999, will be used for marketing, platform design and development, developing proprietary content, and legal and working capital. Issuer Pixel is entering the market with a unique approach and is led by a team of expert professionals.
Worklete, with a $30 million valuation cap, is raising funds on Republic. The AI-powered mobile platform keeps frontline workers safe and healthy by preventing injuries before they occur. The program teaches workers how to use their bodies correctly and develop preventive habits. Benjamin Kanner founded Worklete in October 2015 and has raised more than $5 million in previous rounds of financing. 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 enhance the technology and expand the customer base. Worklete reached $2.2 million in ARR in the first quarter of 2021 and expects to reach $5 million by the end of 2021 and $15 million by 2022. The company has strong traction and is operating with 90% profit margins.
Pet Wants Chardon, a pet food producer in Ohio, is raising crowdfunding on Honeycomb. The company produces fresh dog and cat food locally every six weeks. The food is slow-cooked, not mass-produced, to retain the highest nutrients possible. Danielle Moats and Jason Moats founded Pet Wants Chardon in 2019. The proceeds of the current crowdfunding round, with a minimum goal of $40,000 and a maximum goal of $175,000, will be used for store furnishings, inventory, leasehold improvements, upgrades, operating expenses, and refinancing debt. Pet Wants Chardon also makes single-ingredient treats, natural chews, housemade s’Paw products, and natural supplements for cats and dogs.
La Perla, a restaurant and bar in Oakland, CA, is raising funds on SMBX. The restaurant offers Puerto Rican food with generous portions and warm hospitality. It started as a small operation inside a convenience store and now plans to move to a larger space. The offerings include arroz con gandules, empanadillas, pernil, and mofongo. Gabriel Ortiz founded La Perla in 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $100,000. The raise proceeds will target equipment upgrades and working capital. La Perla has cooked and served meals for vulnerable families during the pandemic and stayed afloat as they waited to open the new location.
GoSun, with a pre-money valuation of $59.1 million, is raising funds on StartEngine. The company uses solar technologies to create efficient products for cooking, cooling, lighting, and charging electronics using solar energy. The GoSun products support independence and non-reliance on non-renewable sources of energy, which helps to create a healthier and more sustainable environment. GoSun was founded by Patrick Sherwin in 2016. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $3,930,000, will be used for product expansion. GoSun has already sold more than 100,000 products in 70 countries and generated $3.9 million in revenues in 2020. The company has partnered with companies like Home Depot and Ace Hardware for recreational sales and with bodies like the UN and Red Cross for humanitarian sales.
ReThink Ice Cream, with a $5 million valuation cap, is raising funds on MicroVentures. The company makes low-sugar and tummy-friendly ice creams using all-natural ingredients, collagen, whey protein isolate, and prebiotic fiber. George Haymaker founded ReThink Ice Cream in 2018 and raised $70,000 in its pre-seed round of financing. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $250,000, and the funds will be used for social media advertising, PR, sampling, influencer marketing, and working capital. ReThink Ice Cream is currently available with 490 retailers and reported a revenue of $419,445 in 2020.
Elephant Craft Hard Seltzer, with a pre-money valuation of $7 million, is raising funds on StartEngine. The company brews hard seltzers that hit harder and are healthier. The seltzers are made using real and high-quality ingredients and come in delicious flavors. Stephen Young, Ian Knowles, and Brett Lawrence founded Elephant Craft Hard Seltzer in February 2020. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used for expansion to new markets and marketing. Elephant Craft Hard Seltzer is a socially responsible brand with a focus on giving back to the earth.
S.I. Container Builds, with a pre-money valuation of $6 million, is raising funds on StartEngine. The company converts gently-used shipping containers into housing and office space for homeowners in the US and Canada. The offices, suites, and lounges built by S.I. Container Builds are eco-friendly, spacious, and sustainable. Rory Rubin founded S.I. Container Builds in 2018. 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 towards advertising, promotion, and operations. S.I. Container Builds has a high-margin product with quick ROI and has the ability to earn revenue through backyard business and short-term rentals.
Bitty Golf, an upcoming mini-golf course in Port Charlotte, Florida, is raising crowdfunding on MainVest. The miniature golf course will include 18 holes themed with Florida native wildlife, two sand volleyball courts, three vending machines, space for food trucks, shaded picnic tables, and an open area for cornhole and other activities. Katy Schaan founded Bitty Golf in August 2020. The proceeds of the current crowdfunding round, with a minimum target of $200,000 and a maximum target of $250,000, will be used for land purchase, mini-golf buildout, and operating capital. Bitty Golf will also donate $1 for every hole-in-one to the Charlotte County Homeless Coalition.
Cava Health, with a valuation cap of $17.5 million, is raising funds on Wefunder. The company is combining advanced health monitoring with personal hygiene through its smart toilet seat with a built-in bidet and heated seat. The toilet seat monitors heart health, body composition, hydration, and gut health and offers instant urine analysis. Jean-Baptiste Duprieu founded Cava Health in July 2019 and has raised more than $1.3 million since the inception. The proceeds of the current crowdfunding round, with a minimum raise of $200,000 and a maximum raise of $1,070,000, will be used for product development and general and administrative purposes. Cava Health is positioned for fast growth, especially in the times of COVID-19, when there is unprecedented demand for personal hygiene and wellness tracking.
Stonks Trading, with a $10 million valuation cap, is raising funds on Wefunder. The company has developed a platform that simplifies money management and asset allocation. It also empowers the users to bank with Stonks Banking, trade with Stonks Trading, and manage the portfolios with Stonks Manager. Anthony Hughes founded Stonks Trading in February 2021. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $1,000,000. The raise proceeds will be used towards marketing, continued trading app development, and general operating expenses. Stonks Trading aims to allow users to visualize and manage their entire investment portfolio in one central location.
Fuego Fino, with a pre-money valuation of $6.21 million, is raising funds on Wefunder. It is an eco-friendly wine and spirits company that bottles and distributes high-quality wines and spirits. The products are bottled close to where they are consumed to reduce costs and maintain quality. The company imports the highest quality spirits and distributes them to liquor stores and consumers. Jessica Contreras founded Fuego Fino in 2017. The proceeds of the current round of crowdfunding, with a minimum goal of $50,000 and a maximum goal of $418,554, will be used to invest in the product and supply chain and manage the operating and general and administrative expenses. Fuego Fino is into the business of a recession-proof product and already has its products in over 50 locations.
Kai’s Baking Studio, a specialty bakery in Houston, TX, is raising crowdfunding on SMBX. The bakery makes customer-focused keto and gluten-free baked goods. The offerings include sweets and savories, including cookies, bagels, kolaches, and pizza rolls. Taneka Walker and Rod Walker founded Kai’s Baking Studio in 2017. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $100,000, will be used towards equipment, marketing, working capital, packaging, and logistics. Kai’s Baking Studio plans to transition from a retail bakery to a wholesale production. The business also plans to implement marketing strategies and increase its sales.
AppMail, with a pre-money valuation of $13 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. The company offers interactive email to users that lets them shop, book appointments and do much more without leaving the inbox. Shi Li and Duncan Sham founded AppMail in 2012. The current round of funding has a minimum raise of $750,000 and a maximum raise of $5,000,000. The funds will be used for product development, sales and marketing, R&D, and G&A expenses. AppMail is integrated with Google product and has a contract with LATAM Airlines Group. The company has one technology patent in the US and pending patents in Europe and China.
