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.
GenesisAI, with a post-money valuation of $14.9 million, is raising funds on NetCapital. It is a machine learning protocol that is used to create a marketplace to buy and sell artificial intelligence technologies at scale. The platform connects companies that need AI services, data, and models with companies selling AI technology. GenesisAI was founded by Harvard graduates Archil Cheishvili, David Fan, and Mina Pascalito Nassif in 2018. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $444,609. The proceeds will be used for payroll, sales and marketing, accounting, and legal expenses. GenesisAI is bringing global AI technology together to defeat COVID-19.
La Fayette Franchise, with a $5 million pre-money valuation, is raising funds on StartEngine. The bakery chain serves delicious bread, pastries, and viennoiseries. La Fayette Franchise is selling the brand, business model, and supply chain of restaurants to open up their own bakery. La Fayette Franchise was founded by Nicolas Billaud and Vincent Poudras and still has the original concept founder Johnny Jeulin on Board. The proceeds of the current round of crowdfunding, with a minimum raise of $10,000 and a maximum raise of $107,000, will be used to expand the Canadian bakery chain in the US market. La Fayette Franchise has already opened a test location in Miami Beach and achieved $1 million in sales in 2019.
Alive Music Festival, with a pre-money valuation of $5 million, is raising crowdfunding on StartEngine. The company is the organizer of an annual three-day music festival in Atwood Lake Park, Ohio. The music festival has over 50 artists performing to massive crowds in the beautiful backdrop of Alive’s video walls. Alive Music Festival was founded by William Graening in 1989. The current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,070,000. The funds will be used to enhance the festival experience with better audio, video, staging, and camping. Alive Music Festival is a family-friendly music festival with decades of experience.
Lend-Grow, with a valuation cap of $10 million, is raising funds on MicroVentures. It is an online lending marketplace that connects lenders and borrowers across 28 states in the US. The borrowers get access to small regional lenders with competitive rates, and the lenders receive strong portfolio growth with qualified leads. Lend-Grow was founded by Nish Krishna, Fred Rubin, and Harris Schachter in 2019. The current crowdfunding round has a minimum raise of $50,000 and a maximum raise of $1,070,000. The funds will be used for business development, internal development, licenses and marketing, and operations. Lend-Grow matched borrowers with loans totaling $15 million in May 2020 and plans to grow to all 50 states of the US by 2021.
Daughter, an upcoming wine bar in New York, NY, is raising crowdfunding on MainVest. The new-age cafe/bar will offer good quality coffee, natural wine, and food and will be a place to eat, drink, and relax. The bar will also focus on Circular Economy by upcycling and composting and using the recycled waste within the shop and community. Daughter was founded by Adam Jamal in June 2020. The proceeds of the current crowdfunding campaign, with a minimum goal of $35,000 and a maximum goal of $107,000, will be used for initial marketing, bar and kitchen equipment, construction, rental lease deposit, and payroll. Daughter will be the first natural wine bar in Harlem and is expected to open its doors in the winter of 2021.
Bext360, with a valuation cap of $7.75 million, is raising funds on SeedInvest. The company offers a SaaS solution for the digitization of supply chain, sustainability, and access to capital. The platform uses blockchain, AI, and IoT to bring higher efficiency and transparency to supply chains of commodities. Bext360 was founded by Dan Jones in 2016 and has raised over $3.5 million in previous rounds of financing. The current crowdfunding round has a minimum target of $285,000 and a maximum target of $1,000,000. The proceeds will be used for sales & marketing and software development. Bext360 is a member of The Nature Conservancy and TechStars’ 2019 Sustainability Accelerator and was among Forbes’ Most Innovative AgTech Startups in 2018.
Heroclip, with a pre-money valuation of $4.75 million, is raising crowdfunding on SeedInvest. The company makes multi-functional lifestyle products that help in gear organization and accessibility. The flagship product of Heroclip has a patented 360-degree swivel system that is easy to access and can be used to hook or clip things to almost anything. Heroclip was founded by Mina Yoo in 2015 and has raised over $500,000 in its pre-seed round of funding. The current crowdfunding round has a minimum target of $25,000 and a maximum target of $1,070,000. The proceeds will be used for sales, marketing, and new product launch. Heroclip generated revenues of over $2 million in 2019 with unit sales growth of 18% from 2018.
Modal Math by ASLedu, an education platform for deaf students, is raising funds on Wefunder. The platform provides math learning and practice to deaf and hard of hearing students through visuals and sign language. Modal Math has attracted a lot of interest from educators across the country. The company was founded by Nadia Iftekhar in 2019 and has raised over $35,000 since its inception. The proceeds of the current round of funding, with a minimum raise of $50,000 and a maximum raise of $200,000, will be used for sales & marketing, product costs, salaries, and unexpected costs. Modal Math by ASLedu already has over 40 paying users with a 88% retention rate. The platform supports STEM education and plans to expand to a broader audience.
Buy Back Baton Rouge, a real estate investment company, is raising funds on Buy The Block. The company is buying back an entire neighborhood around the Eddie Robison Sr. Historic District. It will use the block to build 184 multifamily units and 12,000 square feet of commercial space. The assets have already been acquired and will soon be renovated. Buy Back Baton Rouge is led by Anthony Kimble, Tevin Wade, and Julien Gordon and has already raised $1.75 million in previous rounds of financing. The current round of funding has a minimum goal of $401,000 and a maximum goal of $1,070,000. The funds will be used to transform the assets. Buy Back Baton Rouge has an excellent business plan to make the properties available to investors and generate high returns on their investment.
MyTable, with a post-money valuation of $4.4 million, is raising crowdfunding on NetCapital. It is an online marketplace that connects users with professional Chefs who can be hired to make in-home meals. The platform is creating a community of local chefs who have a passion for their craft. The products offered by the marketplace include dinner parties, weekly meal prep, cooking classes, family dinners, and catered events. MyTable was founded by Matthew Kelly in 2019. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $350,000, will be used for marketing, chef hires, insurance, platform development, and compensation for employees. MyTable has developed it’s Android and iOS apps and launched an official customer beta program.
Procurement Foundry, with a valuation cap of $3 million, is raising funds on MicroVentures. It is a social networking community for professionals in the procurement and supply chain industry. The platform helps the professionals to come together, collaborate, learn, and grow. Procurement Foundry was founded by Mike Cadieux in June 2019. The current crowdfunding campaign has a minimum raise of $25,000 and a maximum raise of $500,000. The proceeds will be used for media development, marketing, advertising channel development, and operations. Procurement Foundry operates 20 regional chapters throughout the US, Canada, and the UK and has over 2,900 industry professionals from over 90 countries. The company became profitable in April 2020.
The Moran Square Diner, a diner in Fitchburg, MA, is raising crowdfunding on MainVest. The diner was built in 1939 and had always been known for its great food and dining experience until it closed down in 2018. Brittany Rose Careau and Adam O’Neil Willoughby have bought The Moran Square Diner and plan to reopen it this fall. They aim to bring back the beloved local restaurant for the people of Fitchburg. The current round of crowdfunding has a minimum target of $20,000 and a maximum target of $50,000. The funds will be used for equipment, renovations, tableware, and working capital. The Moran Square Diner has an excellent reputation and will be led by an experienced team with a lot of passion for food.
Knack, with a pre-money valuation of $6.5 million, is raising funds on StartEngine. The company makes patent-pending backpacks for mobile workers. The styling and multi-purpose bags of Knack can be used to carry many different things, all in one place. They work as laptop bags and also have a hidden compartment that opens to form a suitcase when needed. Knack was founded by Chad Mellen and Keith Bristol in 2018. The company’s current crowdfunding round has a minimum target of $10,000 and a maximum target of $1,069,998.40. The proceeds will be used to continue to create innovative bags and accessories and spread the word about the company. Knack has already shipped over 9,500 units and generated over $1 million in sales in the first 17 months of shipping.
Choose Health, with a $5 million valuation cap, is raising crowdfunding on Republic. The company offers a personalized, at-home health tracking service, empowering individuals to take control of their health. The users can select their own biomarkers to track and understand how their lifestyle is impacting their internal health. Choose Health was founded by Mark Holland, Michael Aaron, and Sarah Mosser in April 2019. The proceeds of the current round of crowdfunding, with a minimum goal of $25,000 and a maximum goal of $1,070,000, will be used for additional software and product development support, D2C paid media scaling and sales efforts. Choose Health has over 350 active D2C subscriptions and is on track to cross 2,000 by the end of 2020. The test offerings of Choose Health include COVID-19 antibody testing as of April 2020.
The Vault Virtual Reality, an upcoming arts and entertainment center in Seymour, CT, is raising funds on MainVest. The venue will offer a variety of virtual reality experiences, including shooting zombies, traveling the world, golf, boxing, playing silly games, and enjoying an escape room. The offerings include crowd favorites in addition to K-12 academics, VR Sports, and VR Wellness. The Vault Virtual Reality was founded by Griselda Champagne in December 2019. The current crowdfunding campaign has a minimum goal of $25,000 and a maximum goal of $75,000. The proceeds will be used for marketing, purchasing new equipment, and operating capital. The Vault Virtual Reality will be located at Connecticut’s premier location and offer a unique and advanced virtual reality experience.
CONBODY, with a $4 million valuation cap, is raising crowdfunding on Wefunder. It is a prison-style boot camp that provides group fitness classes, live stream at-home classes, and on-demand workout videos. CONBODY hires former inmates as instructors for its fitness classes and sends the social message of prison reform. CONBODY was founded by Coss Marte in 2018 and has raised over $495,000 since its founding. The proceeds of the current round of crowdfunding, with a minimum target of $50,000 and a maximum target of $1,070,000, will be used for marketing, developing more videos, salaries, and working capital. CONBODY has been featured in over 200 media outlets and reported a 75% increase in monthly revenue from January 2020 to May 2020.
BlissDivorce, with a valuation cap of $8 million, is raising funds on Wefunder. The company aims at reducing the time, pain, and expenses involved in the divorce process. It offers personalized and guided experience, affordable pricing, and conflict resolutions through its platform. BlissDivorce was founded by Scott Seidewitz in 2019 and has raised over $740,000 since its inception. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $245,000. The funds will be used for software engineering and design costs for bringing the MVP to the market. BlissDivorce is using disruptive AI-based conflict resolution and other technologies to cater to the unmet needs of the community.
Drop Technologies, with a valuation of $8.35 million, is raising crowdfunding on Equifund CFP. The company provides last-mile delivery to cannabis retailers. The service is available to developing cannabis brands made for both medical and recreational purposes. Drop Technologies works to advertise these companies, deliver their products, and collect digital payments. The company was founded by Vanessa Gabriel in 2019. 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 for growth and expansion. Drop Technologies’ delivery service is already being used by over 96,000 retail customers and has processed $6 million in transactions in 2020.
Brightest, with a valuation cap of $3 million, is raising funds on Wefunder. The company has created a powerful, easy-to-use, and affordable software for non-profits and social impact organizations to make a difference. The software operating system helps these organizations in communications, training, technology, compliance, analytics, and process. Brightest was founded by Chris Bolman in 2018 and has raised over $270,000 since its founding. The current crowdfunding campaign of the company has a minimum target of $50,000 and a maximum target of $300,000. The proceeds will be used for product development, business development, sales and marketing, and technical infrastructure. Brightest uses artificial intelligence technology to solve complex challenges faced by positive social change companies. It reported a 20% month-over-month growth in March 2020 due to increased usage during the COVID-19 response.
The Wilderness Road, a film about the notorious bandits who robbed people along the early trade routes in America, is raising crowdfunding on Wefunder. The film showcases one of the bloodiest and most incredible times in the history of America. The Wilderness Road is produced and directed by Travis Mills, an experienced and award-winning filmmaker. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $100,000, will be used for cast and crew payroll, gear rental, marketing, costumes and props, and renting higher production value items. The Wilderness Road has over 100 actors, riders, and living history performers. The film is expected to be completed and released before the end of 2021.
Zelie Beans Coffee, a coffee roasting business in Sugar Land, TX, is raising funds on Fundopolis. The company sources high-quality and ethically-grown coffee beans from family-owned farms to ensure growers receive a fair price for their produce. The beans are then roasted based on their profile to bring out amazing natural flavors. Zelie Beans Coffee was founded by Joseph Mastrangelo in 2018. The company’s crowdfunding round has a minimum goal of $35,000 and a maximum goal of $95,000. The funds will be used to install a new roaster, source and purchase new green coffees, pay for the buildout of a newly leased space, and purchase quality control equipment. Zelie Beans Coffee has a positive community impact due to its sustainability and community building. The company also plans to create a craft brewery type of environment for weekend tours and events.
AtYourGate, with a pre-money valuation of $48.9 million, is raising crowdfunding on Wefunder. It is an airport delivery app that improves the travel experience of travelers by delivering their food and retail at the gate of the airport. Post COVID-19, the services of AtYourGate have gone from interesting to essential. AtYourGate was founded by David Henniger and Paul Joseph Mastrachhio in 2019 and has raised over $1.9 million since its inception. The current crowdfunding round has a minimum target of $250,001 and a maximum target of $1,070,000. The proceeds will be used for tech platform development, new airport launches, brand marketing, and working capital. AtYourGate has a proven delivery concept in ten US airports and is prepared to launch ten more airports in the next 12 weeks.
Dr Strains, with a valuation cap of $7 million, is raising crowdfunding on Wefunder. The company is an online retailer of hemp flowers and CBD. Dr Strains sources high-quality products and is one of the top five CBD flower brands in America. Dr Strains was founded by Kye Scott in 2019 and has raised $11,000 since its inception. The current round of crowdfunding has a minimum target of $250,000 and a maximum target of $1,070,000. The funds will be used for leasing a warehouse, hiring, and cultivation. Dr Strains has generated $700,000 in revenue and $245,000 in sales since starting in September 2019. The company is vertically integrated and has over 10,000 customers.
audiobridge, with a valuation cap of $7.5 million, is raising crowdfunding on Wefunder. The company is building a simple and powerful audio creation tool where users can record full professional songs and collaborate with anyone. It is a mobile music recording platform for the next generation of music-making. audiobridge was founded by Matt Miller in 2019 and has raised over $570,000 since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $50,000 and a maximum raise of $250,000, will be used for technology development, business development, marketing, advertising, and overheads. audiobridge is available for free on iOS and has reported continuous month-over-month growth for the past 18 months.
