Below are the latest equity crowdfunding raises begun this past week. For additional information, we encourage KingsCrowd members to click on the links 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.
Short Creek Farm, a meat producer in Northwood, NH, is raising funds on Mainvest. The farm makes high-quality meat products, including sausages and salami, using pastured pork and grass-fed beef. The company makes products using its own meat and meat purchased from other family farms. Jeffrey Backer and David Viola founded Short Creek Farm in April 2015. The proceeds of the current crowdfunding round, with a minimum goal of $200,000 and a maximum goal of $250,000, will be used to open a new 6,000 square-foot USDA-inspected facility. Short Creek Farm plans to continue to market its own farm-raised meat and produce a new line of lower-cost bacon, sausages, and salami using heritage breed pork sourced from the Midwest.
Troubardour Coffee, a coffee company in Hancock, NH, is raising crowdfunding on Mainvest. The company runs a unique coffee farm in Costa Rica and sells its coffee through online coffee subscriptions. Troubardour’s coffee is shade-grown and qualifies as Excellent on the grade scale of the Speciality Coffee Association of America. Ignacio Oreamuno founded Troubardour Coffee in June 2020. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $250,000, and the funds will be used for operating capital, marketing activation, and supply growth. Troubardour Coffee offers a direct farm-to-house coffee subscription without any intermediaries.
Ana’s Norwegian Bakeri, a bakery in Centennial, CO, is raising crowdfunding on Mainvest. The bakery specializes in Norwegian pastries and baked goods, including cinnamon rolls, raisin rolls, sweet cardamom rolls, and school rolls. The bakery also offers whole wheat bread with spelt and white bread with dark rye and dark syrup. Ana Fanakra founded Ana’s Norwegian Bakeri in May 2020. The current crowdfunding round has a minimum goal of $15,000 and a maximum goal of $30,000, and the funds will be used for new equipment and operating capital. Ana’s Norwegian Bakeri makes excellent high-quality products that transport its customers to delicious cafes in Norway.
Zero Carbon, with a valuation cap of $25 million, is raising funds on Wefunder. The company has developed breakthrough fuel-cell technology to convert waste streams into clean energy. It is bringing a small, ultra-low emission and highly efficient waste-to-energy converter to the global market. Julien Uhlig founded Zero Carbon in January 2021. The proceeds of the current crowdfunding round, with a minimum target of $50,000 and a maximum target of $1.07 million, will go towards sales and marketing, operations, and property, plant, and equipment. Zero Carbon is German government-funded, has multiple pending patents, and uses a university-validated technology.
Ruby’s West End, a new American restaurant in Portland, ME, is raising funds on Mainvest. The multi-service restaurant offers a sit-down and take-out brunch service, coffee and pastry service, meal prep program, tasting dinners, catering services, grab and go program, and room service to local inns. The food offerings include quiches, pies, food trays, parfaits, and cakes. Corrinna Stum founded Ruby’s West End in February 2021. The proceeds of the current crowdfunding round, with a minimum raise of $15,000 and a maximum raise of $45,000, will be used to build an outdoor dining space for the locals and tourists to enjoy. Ruby’s West End offers a wide array of services and has reported a 40% increase in revenues during seven months of patio seating.
Upwardly Mobile Coffee, an upcoming food truck in Oklahoma City, OK, is raising funds on Mainvest. The truck will sell nitro cold brew coffee, cold brew coffee, and espresso drinks, along with donuts and cinnamon rolls. The business is socially conscious and environmentally sound with minimal waste. Matthew Broberg-Moffitt founded Upwardly Mobile Coffee in June 2021. The proceeds of the current crowdfunding round, with a minimum goal of $10,000 and a maximum goal of $40,000, will be used for the purchase of the food truck and equipment. Upwardly Mobile Coffee aims to donate a dozen donuts for every dozen sold and use its spent coffee grounds to culture and harvest mushrooms.
Health Cost IQ, with a $10 million valuation cap, is raising crowdfunding on Republic. The company has developed a healthcare software innovator to help employers, health plans, and other companies identify and address the causes of increasing healthcare costs. The platform uses advanced predictive models and smart algorithms to reduce health plan costs. Jude Odu and Dr. Lawrence Lubbers founded Health Cost IQ in 2018. The current crowdfunding round has a minimum raise of $25,000 and a maximum raise of $1.07 million, and the funds will be used for customer acquisition and product development. Health Cost IQ has grown its revenue from $350,000 in 2018 to $610,000 in 2020. The company has current margins of over 80% and expects to reach an annual recurring revenue of $6.7 million by 2025.
Helix Fitness, with a pre-money valuation of $28 million, is raising funds on StartEngine. The company makes fitness equipment for young athletes and the aging population. Helix Fitness has built a lateral cardio solution that works on the total lower body, from the core to the floor. Leonard Snyderman founded Helix Fitness in March 2021. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1.07 million, will be used to grow across global markets. Helix Fitness generated $4 million in sales in 2020, tripling its 2019 sales. The business expects to double its net sales revenue in 2021.
Troop Beverage, with a valuation cap of $8 million, is raising crowdfunding on Republic. The company makes canned cocktails using real spirits. The ready-to-drink cocktails of Troop Beverage contain 10% alcohol by volume, only three grams of sugar, and 125 calories. Its current offerings include Gin Spritz, Bourbon Smash, and Rum Mojito. CC DesRosiers and Reed DesRosiers founded Troop Beverage in April 2018. The proceeds of the current crowdfunding round, with a minimum goal of $25,000 and a maximum goal of $1.07 million, will be used to expand into new states, grow the product portfolio, increase Troop’s presence in the events and hospitality market, and continue to build the Troop community. Troop Beverage generated revenues of $70,000 in 2020 and expects to generate $1 million in 2021.
Oscilla Power, with a pre-money valuation of $20 million, is raising funds on StartEngine. The company is developing energy conversion equipment to harness the power of ocean waves. The Triton, the company’s flagship wave energy converter, has undergone years of concept development, product validation, and laboratory and small-scale ocean trials to test its viability. Balky Nair, PhD, and Rahul Shendure founded the company in 2009. The crowdfunding campaign has a minimum raise of $9,999.78 and a maximum raise of $2.99 million, and the proceeds will be used for growth and expansion. Oscilla Power is currently preparing for the first deployment of its 100-kilowatt Triton-C system in Hawaii, funded by the Department of Energy.
AEXLAB, with a $51 million pre-money valuation, is raising funds on StartEngine. It is a virtual reality (VR) company offering an unparalleled technology experience for gamers. The company has developed interactive VR technology for high-quality, immersive, and social gaming experiences. Jonathan Ovadia founded AEXLAB in January 2021 and raised more than $1 million through the previous round of crowdfunding on StartEngine. The proceeds of the current crowdfunding round, with a minimum raise of $10,000 and a maximum raise of $1.1 million, will be used for innovation, growth, and expansion. AEXLAB will soon launch its first gaming franchise, VAIL, which aims to redesign gamers’ lobbies. The company’s solutions will not only be used in esports but also for 3-D touch technology, firearm simulation, VR human interfaces, and audio spatialization.
SoFusion Cafe, an American and Caribbean food restaurant in Baltimore, MD, is raising funds on Mainvest. The restaurant sources 80% of its ingredients locally and offers delicious and high-quality food at an affordable price. Denise Butts founded SoFusion Cafe in April 2020. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $15,000, and the funds will be used to purchase a new trailer for catering. SoFusion Cafe specializes in exceptionally good and tasty food along with 21st-century amenities, including sports viewing, entertainment, music, and wifi.
Brothers Taphouse, an upcoming craft beer, wine and cider bar in Lincoln, CA, is raising funds on Mainvest. The bar aims to bring the community together while enjoying each other’s company and drinking beer, wine, and cider. Steven Jacobs founded Brothers Taphouse in March 2021. The proceeds of the current crowdfunding campaign, with a minimum target of $30,000 and a maximum target of $50,000, will be used to complete the space buildout and purchase equipment. Brothers Taphouse has secured the right location with 12,000-plus residents within a mile radius with no competition.
Brazen Bio, a biotech startup incubator, is raising funds on Wefunder. The company helps biotech entrepreneurs address unmet healthcare needs. The first program of Brazen Bio, Brazen Fellowship, is a turnkey biotech startup incubator providing its fellows with support and state-of-the-art laboratory access. Shawn Carbonell and Brent Witgen founded Brazen Bio in May 2021. The proceeds of the current crowdfunding round, with a minimum raise of $250,000 and a maximum raise of $1.07 million, will go towards operations, hiring part-time associates, and marketing. Brazen Bio’s future programs will include Brazen Media, Brazen Events, Brazen Tools, and the Brazen Incubator.
BioSmart Research, with a valuation cap of $20 million, is raising funds on Wefunder. The company is making over-the-counter CBD nutraceuticals for pain management, anxiety, skincare, and neurological disorders. BioSmart Research uses chromatography technologies to produce specific cannabinoid formulas to treat specific conditions. B Renee Searle founded BioSmart Research in March 2019. The current crowdfunding round has a minimum target of $50,000 and a maximum target of $1.07 million, and the funds will be used for marketing expenses, paying off an existing equipment note, opening a retail dispensary, and inventories. BioSmart Research sells through its own dispensaries, healthcare providers, pharmacies, and affiliates and has generated $1.7 million in lifetime sales.
C-Combinator, with a $29 million valuation cap, is raising crowdfunding on Wefunder. The company is delivering market-based solutions to climate issues by taking the largest seaweed bloom and turning it into high-value products. The technology helps in protecting the climate and enhancing biodiversity in soils and seas. Ben Ellis and Geoffrey Chapin founded C-Combinator in January 2020. The proceeds of the current crowdfunding round, with a minimum goal of $100,000 and a maximum goal of $1.07 million, will be used for purchasing a filtration system and operational expenses. C-Combinator creates a biostimulant that increases crop yields by 15% to 40% and prevents seaweed from rotting and emitting methane.
Recombinant Technologies, with a pre-money valuation of $35 million, is raising crowdfunding on StartEngine. The company is developing a revolutionary treatment for Alzheimer’s Disease. It is designing a process of injecting a molecule into patients to reduce the plaque buildup that causes dementia. Dr. Pazhani Sundaram founded Recombinant Technologies in May 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.07 million, and the proceeds will be used to complete the studies to get the FDA approval of the device. Recombinant Technologies’ patented technology was developed with $4.5 million in grants and has been shown to improve memory in mice.
The Hudson House & Distillery, an upcoming distillery and boutique hotel in West Park, NY, is raising funds on Mainvest. It will be an environmentally friendly boutique hotel, craft distillery, and event space with both land and water access. The distillery will produce ultra-premium spirits, including gins, vodkas, bourbons, and ryes. Charles Ferri and Paul Seres founded The Hudson House & Distillery in June 2015. The proceeds of the current crowdfunding round, with a minimum raise of $100,000 and a maximum raise of $250,000, will target the purchase of warehouse equipment, ramping up production, waterfront buildout, and working capital. The Hudson House & Distillery will be located on a 27-acre waterfront property with access to about 15% of the US population.
Halcium Energy, with a valuation cap of $8 million, is raising funds on Wefunder. The company makes small wind turbines with no external moving parts. The wind turbines of Halcium Energy can be used to produce energy in towns and cities at homes and businesses. Nicholas Hodges founded Halcium Energy in January 2021. The proceeds of the current crowdfunding campaign, with a minimum goal of $300,000 and a maximum goal of $2 million, will be used for prototype engineering, tooling, inventory, building costs, and material and equipment. Halcium Energy has already received orders for its PowerPods from people, businesses, non-profits, and governments across the world.
ASTRALABS, with a pre-money valuation of $119 million, is raising crowdfunding on Wefunder. The company is building the infrastructure for the startup and investor ecosystem. It helps build teams from the ground up and utilize their technology to develop and scale quickly. Andrew Ryan founded ASTRALABS in 2016. The proceeds of the current crowdfunding raise, with a minimum target of $100,001 and a maximum target of $4 million, will be used for marketing, advertising, technology development, content development, acquisitions, and revenue-generating activities. ASTRALABS has a global startup portfolio of more than $100 million across 20 verticals and 35 countries and is ranked in the Top 50 Startups by G-Startups Worldwide.
SmallStart Ventures, with a $10 million valuation cap, is raising crowdfunding on Wefunder. It is a small business creation company that helps entrepreneurs start, grow, and divest. The company provides guidance, business tools, and success coaching and reduces risk and fear. Robert R. Samuelsen founded SmallStart Ventures in February 2021. The current crowdfunding campaign has a minimum goal of $250,000 and a maximum goal of $1.07 million, and the funds will be used for company startups, staffing, administration, and fundraising. SmallStart Ventures aims to provide economic opportunities to a diversity of people. It helps small businesses reduce risk with capital, mentorship, and back-office support.
NYCE, with a pre-money valuation of $50 million, is raising crowdfunding on Wefunder. The company owns, develops, and operates apartment buildings in New York City, Philadelphia, and Washington, DC and allows women and millennials of color to own a part of real estate portfolios. NYCE aims to bring on more than 100,000 millennials to co-own real estate with them and build wealth for the generation. NYCE was founded by Philip Michael and Martin Braithwaite in January 2020 and raised more than $1 million in the previous round of crowdfunding. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $535,000, and the funds will be used for marketing, business operations, liquidity, and general use. NYCE has launched its app, “Robinhood of real estate,” and has over 175,000 users across community members, subscribers, and investors.
