July 20, 2020

New Deals for the Week Ending 07/19/2020

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.

 

Brass Clothing

Brass Clothing, with a valuation cap of $3.5 million, is raising funds on Republic. The brand makes affordable and high-quality clothing for working women and offers an exceptional shopping experience. The products of Brass Clothing include hyper-edited collections of work-to-weekend staples. Brass Clothing was founded by Katie Demo and Jenny Rudin in June 2014. The current round of crowdfunding has a minimum raise of $25,000 and a maximum raise of $500,000. The funds will be used for developing brand partnerships, membership models, and media content. Over 25,000 women own Brass Clothing, and the company has generated $5.2 million in lifetime revenues since its launch.

 

Borrow

Borrow, with a $12 million valuation cap, is raising crowdfunding on Republic. The company offers short-term electric vehicle leases, combined with industry expertise, customer service, and utility. The users get to access electric vehicle transportation without the long-term commitment, inflexibility, and high costs. Borrow was founded by Rodrigo de Guzman and Jon Alain Guzik in August 2015 and has raised over $1 million since its founding. The proceeds of the crowdfunding round, with a minimum target of $25,000 and a maximum target of $1,070,000, will be used to expand geographically and begin a digital and IRL scaling of reservations. Borrow has over 100 users to date and has reported a 125% week-over-week growth.

 

The Lyric Theatre

The Lyric Theatre, an arts and entertainment facility, is raising funds on MainVest. The company is dedicated to offering a platform for budding artists and supporting philanthropic missions. The facility promotes concerts and events of all formats and is rooted in the live music scene. The Lyric Theatre is led by Ryan Braun, a performer and producer in top-tier cities. The current crowdfunding round has a minimum goal of $250,000 and a maximum goal of $400,000. The proceeds will be used to lease and renovate a new location. The Lyric Theatre has a long-standing name, multiple successful partnerships, and future committed acts. The arts facility has played a significant role in the education of Los Angeles youth and will continue to accomplish similar feats.

 

Beanstox

Beanstox, with a pre-money valuation of $15 million, is raising funds on StartEngine. It is an app that makes saving and investing simpler for millions of Americans and helps them build their wealth. The app works on a monthly subscription fee and offers personalized portfolios and automatic recurring investments. Beanstox was founded by Shark Tank investor, Kevin O’Leary, and Connor O’Brien in 2018. The current crowdfunding campaign of the company has a minimum goal of $9,999.75 and a maximum goal of $1,069,999.50. The funds will be used for growth and expansion. Beanstox is led by an experienced team and has already generated over 3,000 downloads since the soft launch of its beta version.

 

Persona

Persona, with a post-money valuation of $5.1 million, is raising funds on WunderFund. The company assists people to manage their online identity from one place. The technology also allows users to keep themselves safe through end-to-end data encryption, zero-knowledge encryption, and other safety protocols. Persona puts all user accounts in one place, auto-saves new logins, and helps in one-click log in. The company was founded by Matthew P. Kerle, Patrick Holler, and Colby Schaeffer in 2015. The current round of crowdfunding of Persona has a minimum target of $10,000 and a maximum target of $250,000. Persona plans to capture the B2B market and become the future of identity management. It has already started generating revenue through paid users.

 

Localisity

Localisity, an online small business marketplace in Boston, MA, is raising funds on MainVest. The company helps local businesses in Boston and Cambridge to become visible, claim their digital space, acquire new customers, and sell more of their products to the existing customers. Localisity helps small businesses by servicing their customers through online transactions, driving better business outcomes, and maintaining top-of-mind for their customers. Localisity was founded by Ben Dooley in 2018. The current crowdfunding round of the company has a minimum raise of $50,000 and a maximum raise of $107,000. The proceeds will be used for sales and marketing, product enhancement, insurance, and customer support & operations. Localisity has 15 businesses signed on its website and is delivering over $10,000 to its member community monthly.

 

Neighborhood Sun

Neighborhood Sun, with a $15 million valuation cap, is raising funds on Wefunder. The company is working towards making clean solar energy accessible to everyone by supporting locally produced power. Neighborhood Sun connects thousands of residents to community-shared solar projects in their area and provides them customer acquisition and management. Neighborhood Sun was founded by Gary Skulnik in 2016 and has raised over $1.4 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum target of $100,000 and a maximum target of $500,000, will be used to expand into new markets, build an IT platform, and hire senior management. Neighborhood Sun has already completed four major community solar projects in 2019, with more than 2,000 households. The revenues for 2019 grew by 100% while the operating expenses only increased by 27%.

 

Eruditely

Eruditely, with a valuation cap of $4 million, is raising funds on Wefunder. The platform facilitates knowledge sharing and the process of learning, teaching, and appreciating the world around us. Eruditely is a combined publishing, social media, and intellectual property marketplace and supports publishers and artists. The company was founded by Michael Samson and Mandy Samson and has raised over $50,000 since its founding. The current crowdfunding campaign has a minimum goal of $50,000 and a maximum goal of $500,000, and the funds will be used for web application development, software licensing fees, marketing, and infrastructure costs at Amazon Web Services. Eruditely is fully developed and live and is attracting new members every day.

 

Valley Tavern

Valley Tavern, a neighborhood bar in San Francisco, is raising funds on Honeycomb. The bar has a diverse selection of wines, beers, and cocktails, in addition to 20 screens for sports lovers. It is an Irish bar and a vital community hub, with exceptionally friendly staff and a friendly atmosphere. Valley Tavern is owned by Declan Hogan, Brittney Freed, and Vincent Hogan, and recently completed a successful crowdfunding round on Honeycomb. The current round of crowdfunding has a minimum raise of $10,000 and a maximum raise of $40,000, and the funds will be used to build a kitchen. Valley Tavern serves a wide selection of liquor, specialty cocktails, and 40 beers on Draught. The bar is led by experienced owners and is highly rated by its customers.

 

WeHa Brewing & Roasting Company

WeHa Brewing & Roasting Company, an upcoming brewery and cafe in West Hartford, CT, is raising funds on MainVest. The craft brewery and coffee roaster is currently in development and is slated to open by the end of 2020. The offerings will include top-quality craft beer, coffee, and wood-fired pizza. WeHa Brewing & Roasting Company will be a unique combination of a taproom and cafe in one place. WeHa Brewing & Roasting Company was founded by Cody W McCormack and Robbie Wendeborn in 2019. The current crowdfunding campaign of the company has a minimum target of $75,000 and a maximum target of $150,000, and the proceeds will be used for the taproom and cafe buildout, brewing equipment, and coffee brewing equipment. WeHa Brewing & Roasting Company will be roasting coffee and brewing beer, both in-house.

 

Corfu Pizza

Corfu Pizza, a pizzeria in Philadelphia, PA, is raising funds on MainVest. The pizzeria has been around for 42 years and serves delicious pizza, cheesesteaks, and strombolis. The offerings of Corfu Pizza have a high demand even during the current pandemic. Corfu Pizza is owned by Jesse Le’Suer and has been supporting the community for decades. The current round of crowdfunding has a minimum goal of $15,000 and a maximum goal of $100,000. The funds will be used to expand operations and delivery through a new cloud kitchen. Corfu Pizza will be operating its cloud kitchen in Somerset, NJ, and will help the company reduce expenses and improve the bottom line.

 

Hidrent

Hidrent, with a valuation cap of $3 million, is raising crowdfunding on Republic. The company provides on-demand labor service through off-duty firefighters. The highly trusted off-duty firefighters offer services, including repairs, maintenance, and assembly. Hidrent was founded by Dave Heimbuch in May 2019. The proceeds of the current crowdfunding round, with a minimum raise of $25,000 and a maximum raise of $490,000, will be used to develop a web application, improve its product features, expand into new markets, launch an affiliate program, and optimize the process to grow its B2B channel. Hidrent reported a 233% increase in revenue from Q1 2020 to Q2 2020, with the onset of COVID-19. The app has over 36,000 downloads and has completed 1,600 jobs.

 

Unomi

Unomi, with a $5 million valuation cap, is raising funds on SeedInvest. It is a SaaS platform that leverages voice recognition and motion capture technology to automate the time-consuming aspects of animation. The platform is highly beneficial for animators and video game developers to create content on a daily basis. Unomi was founded by Obi Onyejekwe in 2016 and has raised over $200,000 in previous rounds of financing. The current round of crowdfunding has a minimum target of $150,000 and a maximum target of $1,000,000. The funds will be used for development, patents, marketing, and legal expenses. Unomi has been selected as one of the 25 companies to be a member of the inaugural accelerator cohort of Backstage Capital, and has received an investment from their fund.

 

InfiniteVR

InfiniteVR, with a pre-money valuation of $4.93 million, is raising funds on Wefunder. The platform connects people with future technologies, including VR, AR, and AI, and helps bridge the gap between technology companies and consumers. The consumers get to experience the new technology through exciting demonstrations and get to purchase their favorite items on the spot. InfiniteVR was founded by Osman Fatih Aysu and has raised over $280,000 since its founding. The current crowdfunding campaign of the company has a minimum raise of $50,004 and a maximum raise of $499,999. The proceeds will be used for marketing, opening new locations, and hiring digital marketers and business development specialists. InfiniteVR has been profitable since its first year and has generated $4.75 million in lifetime revenue.

 

Fire Grounds Coffee

Fire Grounds Coffee, with a pre-money valuation of $1 million, is raising funds on Mr. Crowd. It is a coffee roaster that has developed premium coffees from coffee beans that come from Colombia. The company is focused on providing top-quality coffee to first responders and veterans. Fire Grounds Coffee was founded by Paul Clarke in 2018. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $107,000. Fire Grounds Coffee has identified distinct customer segments and plans to leverage its competitive edge of high-quality product to establish a cult-like status. The company also plans to create outstanding merchandise and apparel.

 

LiveWell Assisted Living

LiveWell Assisted Living, with a $6 million pre-money valuation, is raising crowdfunding on Fundanna. It is an assisted living facility that provides elder care with its unique assisted living micro-communities and senior care assistance. LiveWell Assisted Living offers CBD as an alternative treatment solution for seniors and is the first CBD-friendly senior care operator in the US. The company was founded by Justin Beckett and Diane Beckett in 2008. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $250,000. The proceeds will be used for expanding the in-home care services and assisting living to states with favorable CBD legislation. LiveWell Assisted Living currently operates six assisted living micro-community homes in North Carolina and generated revenue of $1.8 million in 2019.

 

Trieu Technologies

Trieu Technologies, a disinfecting and surface sanitizing chemicals company, is raising funds on Wefunder. The company manufactures alternative water-based chemicals to disinfect surfaces and replaces toxic chemicals, such as ammonia, bleach, and alcohol. Trieu Technologies products are made with salt, water, and electricity to create hypochlorous acid for disinfecting. The company was founded by Pollis Robertson, Jr. in March 2020, who has been working with HOCL science since 2013. The current round of crowdfunding has a minimum goal of $50,000 and a maximum goal of $1,070,000. The proceeds will be used toward marketing, equipment, raw material and labor, advertising, and working capital. Trieu Technologies is off to a great start with purchase orders of $400,000, expected to be booked in August 2020.

 

Immersed

Immersed, with a $10 million valuation cap, is raising crowdfunding on Wefunder. The technology of Immersed allows remote users to work together, whiteboard, and pair-program, just like working together in-person. Immersed was founded by Renji Bijoy in 2017 and has raised over $2 million since its founding. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $1,070,000, will be used for tech infrastructure costs, equipment, hiring, travel and conferences, and legal and operating costs. Immersed has partnered with Facebook to launch to millions of Oculus users in the next few weeks. The technology is highly advanced and allows co-workers to teleport to each other’s virtual offices to collaborate.

 

Barrana Corp

Barrana Corp, with a pre-money valuation of $20 million, is raising crowdfunding on StartEngine. The company operates restaurants and breweries under the name State 48 Brewery at various locations in Arizona. The locations are equipped with brewhouses, brewpubs, and kitchens, offering a wide variety of ales, craft beers, and food. Barrana Corp was founded by Mario Rana and Angela Rana in 2016. The current crowdfunding round of the company has a minimum target of $10,000 and a maximum target of $1,070,000. The proceeds will be used to capture more market share and continue to rise in state rankings. Barrana Corp generated revenue of $9 million in 2019, up 110% from 2018. The company has maxed out its brewing capacity in four locations and is looking to open the fifth location in 2020.

 

SAM Email by Airto

SAM Email by Airto, with a pre-money valuation of $19.9 million, is raising funds on StartEngine. It is an email technology company that delivers next-generation interactive email services. The patented technology of SAM allows users to perform meaningful actions within their own email, similar to ones they would experience on a website or an app. SAM Email by Airto was founded by Shi Li and Duncan Sham in 2017 and has raised over $650,000 in previous rounds of financing. The current crowdfunding campaign has a minimum goal of $9,999.15 and a maximum goal of $249,998.33. SAM Email by Airto launched with LATAM Airlines and received a 200% increment in engagement time, 500% click-through rate, and 40% higher sales conversion.

 

Do Only Good Certified Pet Nutrition

Do Only Good Certified Pet Nutrition, with a $2 million pre-money valuation, is raising funds on Wefunder. It is a pet nutrition company that makes healthy and nutritious dog food. The products include super-premium dog food, kibble and cans, and pumpkin supplements. The company aims at ensuring the health and vitality of dogs along with variety in their diets. Do Only Good Certified Pet Nutrition was founded by Rick Pack in 2016 and has raised over $675,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,001 and a maximum raise of $1,069,999, will be used to support subscription and social media advertising, marketing, and social media content development. Do Only Good Certified Pet Nutrition is a member of the Pet Sustainability Coalition and is committed to ingredient sustainability in pet food.

 

Makeba

Makeba, with a $30 million pre-money valuation, is raising funds on Wefunder. The company has built a financial ecosystem to combine point-of-sale payments and money transfers into a platform and make the payments highly secure, faster, and cost-effective. The customers get to transact without credit cards or cash, instead only using their smartphones. Makeba was founded by Yamandou Alexander in 2016 and has raised over $2.6 million since its inception. The current round of crowdfunding has a minimum target of $99,960 and a maximum target of $699,840, and the funds will be used for product development, salaries, marketing, and hosting and operations. Makeba is fully operational in the first West African market and has seen its customer base growing 35% each month since its launch in January 2020.

 

Takezo

Takezo, with a $4.5 million valuation cap, is raising crowdfunding on Wefunder. It is a precision nutrition company that personalizes nutrition products and technology to suit the individual needs and help bodies function at their best. The company also provides personal performance technology and the support of a like-minded community. Takezo was founded by Reid A Block, Andrew Johnston, Patrick Connors, and Kim Terry in 2018. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $750,000. The proceeds will be used for business development, revenue generation, brand development marketing and direct advertising, technology platform development, and business operations. Takezo is using machine learning and artificial intelligence to personalize nutrition products and will have multiple potential revenue streams.

 

Skywide Real Estate

Skywide Real Estate, a real estate investment and development company, is raising funds on Mr. Crowd. The company explores real-estate investment opportunities in Pennsylvania and works on property development, investment, and management. Skywide Real Estate was founded by Jenna Anderson. The current crowdfunding round of the company has a minimum target of $50,000 and a maximum target of $300,000, and the funds will be used to acquire seven properties in Philadelphia, PA. The properties are expected to generate a yield of 10.25% and will be reconstructed, renovated, and resold in three years. Skywide Real Estate gives investors the opportunity to invest in real estate properties at bargain prices.


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