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.
Hinoya Curry SF, a Japanese restaurant in San Francisco, CA, is raising funds on MainVest. The restaurant serves legendary Hinoya curry, the best Japanese curry in the world. It is known for its authenticity, quality, and service worldwide, in addition to the exceptional Japanese hospitality experience. Thomas Uehara founded Hinoya Curry SF in February 2020. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $150,000, and the proceeds will be used to accelerate growth, buy supplies, and open new locations. Hinoya Curry has more than 80 locations worldwide and was the winner of Kanda Curry Grand Prix.
Rangoon, a Burmese restaurant in Brooklyn, NY, is raising crowdfunding on MainVest. The restaurant serves authentic Burmese food, including vibrant salads, noodles, stew, curries, soup, and more. It brings comfort food made from simple and fresh ingredients together with a casual and elegant atmosphere. Myo Moe and Daniel Bendjy founded Rangoon in February 2018. The proceeds of the current crowdfunding round, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used to open a new location in NYC. Rangoon has a concise menu and minimalist interior design. It serves traditional Burmese recipes passed on from generations and beyond.
Slate Click, with a valuation cap of $7.5 million, is raising funds on Republic. The company has developed casting calls and crew calls software for everywhere. The flagship product of Slate Click, Casting Calls America, has a network of more than 30 regionally focused sites helping people find acting roles. Brian Jagger, Kirk Uhler, and Bryan Heath founded Slate Click in December 2020. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,070,000. The raise proceeds will be used to continue growing the platform’s recognition, expand the projects, and increase the number of subscribers to more than 100,000 by the end of 2023. Slate Click is available in more than 33 cities in the US and has generated lifetime revenue of $1.7 million.
Autocase, with a $15 million valuation cap, is raising crowdfunding on SeedInvest. The company has developed software to create a more sustainable, cost-effective, and resilient built environment by using economic analysis. The software automates the default standard for valuing projects and their returns. John Williams founded Autocase in 2014. The proceeds of the current crowdfunding raise, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to accelerate integration with third-party software. Autocase has notable customers, including Arup, Atlanta Airport, and San Francisco Airport. The business generated revenues of over $835,000 in 2020, up 90% since its launch in 2017.
SoLa Therapy, with a pre-money valuation of $15.5 million, is raising funds on FundMe. It is a medical device company that helps women with debilitating pelvic pain, including endometriosis and IC. The device delivers therapeutic near-infrared laser energy directly into the pelvis and stimulates energy production. Ralph Zipper founded SoLa Therapy in 2010. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $524,000, will be used for sales and advertising, cost of goods, research & development, and liabilities. SoLa Therapy is the only legally marketed medical device in the pelvic pain market. It is supported by real-world data and has been used for more than 2,500 procedures.
Persistence Data Mining, with a valuation cap of $15 million, is raising crowdfunding on Wefunder. The business uses technology and soilytics to help growers increase sustainable practices and restore the climate. The accurate, automated, and cost-efficient soil testing solution increases crop yields, reduces input costs, and improves soil fertility. Brian Zamudio founded Persistence Data Mining in 2012. 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 sensor equipment, software development, consulting, marketing, and G&A expenses. Persistence Data Mining has partnered with John Deere, Mahindra, USDA, and the UN and is already producing revenue.
IPD Products, with a $5 million valuation cap, is raising funds on MicroVentures. The company has designed a revolutionary product, the Ionic Plague Destroyer, that is engineered to remove airborne pathogens, including SARS-CoV-2. The patent is licensed from Drexel University for air disinfection and sterilization. Howard Nelson founded IPD Products in February 2020. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $279,209, will be used towards product development, general working capital, utilities, parts & inventory, and legal & consulting expenses. IPD Products is led by an experienced founding team and plans to expand the product line to include integrations with HVAC systems and PPE.
AKA Spirits, with a pre-money valuation of $6.6 million, is raising funds on StartEngine. The company has created a unique craft gin suitable for the American palate. The TUCK gin has a modern flavor and appeals to both gin and non-gin lovers. The business has also created gin-based ready-to-drink cocktails. Jonathan Davies, Alexander Metviner, Fernando J Alva Miras, and Geoff Shafer founded AKA Spirits in May 2018. The current crowdfunding round has a minimum raise of $10,000 and a maximum raise of $1,070,000, and the funds will be used to launch a DTC e-commerce platform. AKA Spirits has 500 points of sale in Connecticut and Rhode Island and generated $87,500 in sales in its first year on the market.
The Conjure Collective, a farm-to-market food manufacturer in Lafayette, LA, is raising crowdfunding on MainVest. The business aims to help other small businesses by launching them in the area. It sources from the local people, hires from the local community, and aims to partner with the local food bank to provide low-cost vegetable options. Robin Bugge and Dora Poitevint founded The Conjure Collective in April 2021. The proceeds of the current crowdfunding round, with a minimum goal of $5,000 and a maximum goal of $15,000, will be used towards equipment, operating capital, and licensing and barcode acquisition. The Conjure Collective cans and pickles local harvests and brings them to the market. It also bakes and fulfills subscriptions to three farmers’ markets.
Edify.ai, with a valuation cap of $12.5 million, is raising funds on Republic. The company has developed an AI-based platform to reduce injuries at construction and industrial worksites. The human-aware intelligence of Edify.ai helps people learn and practice safe behavior to minimize accidents. Cory Linton and Brian Kennedy founded Edify.ai in May 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $3,000,000, and the proceeds will be used to scale sales and further optimize the AI to reduce injuries. Edify.ai has more than 1,400 active users per month with clients including top five tech companies and seven Fortune 500 companies.
ACQ Bread, a bakery in Brooklyn, NY, is raising crowdfunding on MainVest. The artisan bakery makes bread using organic wheat grown and milled in New York. The business is highly focused on the quality of its methods and organic ingredients, and the unique and soulful flavor of the bread. Tyler Lee Steinbrenner founded ACQ Bread in May 2020. The proceeds of the current crowdfunding round, with a minimum goal of $50,000 and a maximum goal of $100,000, will be used to purchase a deck oven and a dough mixer, increase production and grow sustainably. ACQ Bread also gives back to its community and donates more than 200 bread loaves to local mutual-aid groups monthly.
Brakes To Go, with a pre-money valuation of $9.8 million, is raising funds on StartEngine. The company runs a mobile brake repair service that helps people handle brake maintenance issues in a convenient and value-oriented manner. The business makes brake repair affordable, convenient, and transparent. Jonathan Ganther and Randall C. Huntsinger founded Brakes To Go in November 2014. The proceeds of the current crowdfunding round, with a minimum target of $9,997.16 and a maximum target of $4,999,986.40, will be used for growth and expansion. Brakes To Go reported $9.1 million in gross sales in Texas alone. The business has serviced more than 16,000 customers to date and reported an average pre-COVID quarterly growth rate of 46%.
Zeus Electric Chassis, an EV truck platform, is raising crowdfunding on Silicon Prairie Online. The company makes fully configurable full-electric work trucks in the class 3-8 specialty work truck market. The EV trucks of Zeus Electric Chassis exceed the productivity of diesel counterparts and offer an innovative solution for the industry and the environment. Bob Grinstead founded Zeus Electric Chassis in November 2020. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $250,000, and the funds will be used to build the first production vehicles. Zeus Electric Chassis has been working on its EV trucks for eight years and already has a working prototype.
811 Crepes, a creperie in Birmingham, AL, is raising crowdfunding on MainVest. The business does catering and pop-up events serving its French-style crepes, smoothies, and coffee beverages. It plans to open its first brick-and-mortar location with a focus on customer experience, attention to detail, and innovation. Jibran Ijlal Akhtar founded 811 Crepes in May 2021. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $75,000, will be used towards startup costs, kitchen equipment, and working capital. 811 Crepes aims to make a positive impact on the lives of its patrons with its food and incredible environment.
BusinessOnBot, with a $10 million valuation cap, is raising funds on Wefunder. The company uses an artificial intelligence-based system to acquire users and automate sales through WhatsApp for businesses in India. The system helps in reducing acquisition costs and increasing growth of sales. Mohit Kumar and Aditya Chintapalli founded BusinessOnBot in December 2020. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $100,000, and the funds will be used towards sales and marketing and hiring of data scientists to build vernacular AI. BusinessOnBot is growing at 25% WoW in MRR and has $8,000 in booked MRR since the launch in January 2021.
Brane, with a valuation cap of $10 million, is raising crowdfunding on Wefunder. It is a fintech company that is using AI to convert raw data into insightful information for investment funds looking to invest in oil and gas. Brane’s data is used by funds to decide when to buy oil and gas for high profits. Paul Carlisle founded Brane in October 2020. 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 marketing, engineering and development, and operations. Brane is making data valuable and usable with its software. It collects licensing fees and a share of profits generated using its AI insight.
Educated Socially, with a pre-money valuation of $2.02 million, is raising funds on NetCapital. The platform supports peer-to-peer learning for students, helps educators to earn through their online education business, and allows educational institutions to share their courses on the platform. Terry Marshall founded Educated Socially in April 2017. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $250,000. The proceeds will be used towards technology improvements, marketing, and compensation for managers. Educated Socially is of exceptional use now when education is moving online. The company has multiple streams of revenue, including affiliate marketing, advertisement revenue, university onboarding, university courses, and educator courses.
Whipr, with a pre-money valuation of $20 million, is raising funds on StartEngine. The company has designed and created a portable ERG machine for a full workout, including row, ski, paddle, surf, kayak, canoe, dragon boat, and multi-sport training. The machine solves multiple spatial and financial issues and motivates workouts with a supported app. Luke Tipple founded Whipr in May 2020. The proceeds of the current crowdfunding round, with a minimum raise of $9,999.25 and a maximum raise of $1,069,999.10, will be used for expansion, building out the subscription service, and releasing more SKUs. Whipr already has more than 11,500 customers and has generated $5.7 million in pre-sales since August 2020. The company plans to expand further with new products, a subscription service, and VR compatibility.
Everybody Water, with a pre-money valuation of $13.3 million, is raising crowdfunding on StartEngine. It is a mission-driven company disrupting the packaged water business. The company offers premium water in a 16.9 oz carton instead of a plastic bottle and supports the environment. Kimberly Reilly and Megan Hayes founded Everybody Water in November 2020. The current crowdfunding round has a minimum goal of $9,999 and a maximum goal of $1,069,998.56, and the funds will target growth and expansion. Everybody Water is environmentally responsible and also donates a portion of revenues to non-profit organizations supporting clean water projects.
Inoui, with a pre-money valuation of $2.5 million, is raising funds on Mr. Crowd. The company is developing modulation technology for the next generation of telecommunications products. The technology is based on research patented by Gregory R. Warnes and encodes data messages into waveforms. Dr. Gregory R. Warnes and Rosemary Winter Warnes founded Inoui in June 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 for software simulation, hardware prototype and testing, and mathematical analysis. Inoui has an established income stream through consulting contracts and a clear growth strategy.
Claro, with a $12.5 million valuation cap, is raising funds on Republic. The company uses labor market intelligence SaaS technology to help organizations make strategic decisions about hiring, salaries, and competition. The platform provides insights to the HR leaders and companies to hire diverse talents and pay fair wages. Michale Beygelman founded Claro in May 2014 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. The proceeds will be used towards innovation, marketing, product development, and sales team and leadership. Claro reported a 300% year-over-year ARR growth from 2019 to 2020 and expects to reach $10 million ARR by 2023.
Dick & Jane’s Bar, a cocktail bar in Brooklyn, NY, is raising crowdfunding on MainVest. The business already has two locations serving exciting cocktails in a fun atmosphere. The bar serves quality products and involves the community it serves in everything it does. Benjamin Hill founded Dick & Jane’s Bar in May 2021. The proceeds of the current crowdfunding round, with a minimum raise of $40,000 and a maximum raise of $107,000, will be used for space buildout and bar and kitchen equipment at the third location. Dick & Jane’s Bar’s new location is opening in the Bedstuy neighborhood of Brooklyn. The location will bring amazing food and cocktails to the vibrant Brooklyn community.
Wild Orchid Bakery, a bakery in Manchester, NH, is raising funds on MainVest. The bakery specializes in vegan and gluten-free cakes, cupcakes, and island food. The special offerings of Wild Orchid Bakery include Trinidad Black Cake, Corn Soup, Gourmet Donuts, and custom cakes. Shelly-Anne Storer founded Wild Orchid Bakery in June 2020. The current crowdfunding round of the company has a minimum goal of $80,000 and a maximum goal of $90,000. The raise proceeds will target renovation and buildout of a new location, refinancing, purchase of new equipment, and lease and security. Wild Orchid Bakery also supports other small businesses in NH and helps those in need.
Verge Aero, with a pre-money valuation of $26.5 million, is raising crowdfunding on StartEngine. The company has developed a user-friendly technology platform to design and execute drone light shows. The platform aims to make drone shows affordable and accessible with its hardware-software integrated platform. Nils Thorjussen founded Verge Aero in November 2016. The current crowdfunding campaign has a minimum target of $9,995.56 and a maximum target of $3,999,990, and the funds will be used to launch the product. Verge Aero has already done shows for AT&T, T-Mobile, Justin Bieber, President-Elect Biden, and the Philadelphia Eagles. It is continuously discovering new implementations for its technology and plans to grow and expand further.
Dims, with a $12 million valuation cap, is raising crowdfunding on Republic. The company collaborates with top furniture designers of the world and sells heirloom-quality furniture on its platform. It licenses original designs from award-winning designers and produces them exclusively for its customers. Eugene Kim founded Dims in March 2017. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used towards new hires, physical showrooms and retail pop-ups, editorial content, and more SKUs. Dims generated $2.2 million in revenue in 2020, with $449,000 in December 2020. The products have been featured in Dwell, AD, Vogue, and NYT and have generated a high demand even amidst COVID-19.
Prep To Your Door, with a $5 million valuation cap, is raising funds on Republic. It is an organic and plant-based prepared meal delivery service. The company believes in zero waste and delivers meals in reusable jars that are taken back and sanitized every week. Faiez Rana and Heather Emerson founded Prep To Your Door in February 2018. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $1,000,000. The funds will be used for customer acquisition, marketing, culinary R&D, process automation, and development of website and app. Prep To Your Door generated more than $1 million in revenue TTM and has reported a 125% CAGR growth since 2018.
Earnest Capital, with a valuation of $20 million, is raising crowdfunding on Wefunder. The company offers capital, community, and mentorship for calm companies. It aims to become the default source of capital for startups and support them in the entrepreneurship journey. Tyler Tringas founded Earnest Capital in November 2018. The proceeds of the current crowdfunding round, with a minimum raise of $1,000,000 and a maximum raise of $2,000,000, will be used for investments in the team, funding a scout program, and closing costs. Earnest Capital has invested in more than 35 software startups with a 167% total portfolio value increase. Several of the portfolio companies of Earnest Capital are sharing profits with it, and two have demonstrated successful exits.Â
