June 1, 2020

New Deals for the Week Ending 05/31/2020

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 on these startup deals. 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.

 

Solace

Solace, with a $6.5 million valuation cap, is raising funds on SeedInvest. The company provides simple, human-powered and tech-enabled funeral services to make the tough times easier for the families. It offers direct funeral services, with no viewing or service, and takes care of all the digital and secure paperwork. The partners of Solace also provide removal of the dead, cremation, and return of the remains. Solace was founded by Keith Crawford, David Odusanya, and Jeremy Frank in 2018. The current round of crowdfunding has a minimum goal of $25,000 and a maximum goal of $850,000. The funds will be used for hiring digital marketing staff and tech lead and entering the California market. Solace has already served over 225 families and generated more than $225,000 in revenue to date. The company is continuously reducing its costs and growing from quarter to quarter.

 

Med-X

Med-X, with a pre-money valuation of $88.5 million, is raising funds on TruCrowd. The company has developed many all-natural and plant-based brands that are replacing chemicals to solve the everyday issues of people. The products are sold through major retail and healthcare distributors. The flagship product lines of Med-X include Nature-Cide and Thermal-Aid. Med-X is led by Dr. David Toomey and Matthew Mills and was founded in 2014. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $1,070,000, will be used for future growth and expansion. Med-X has a high demand and is known for its all-natural solutions in the fields of pest control and pharmaceuticals.

 

Ghostface Brewing

Ghostface Brewing, a brewery in Mooresville, NC, is raising funds on MainVest. The brewery offers 20 unique and tasty beers, rotated on a regular basis. The collection ranges from malty and hoppy to dark and light and suits different people’s tastebuds. Ghostface Brewing has two locations offering beers, scotch, bourbon, whiskey, and an elaborate pizza and food menu. Ghostface Brewing was founded by Michael Cuddy and Susan Cuddy in 2016. The current crowdfunding round has a minimum goal of $50,000 and a maximum goal of $150,000, and the proceeds will be used to purchase a canning line and build out the brewhouse. Ghostface Brewing is passionate about its brews and brings a unique experience to each guest who enters the brewery.

 

Daleview Biscuit and Beer

Daleview Biscuit and Beer, a brewery and cafe in Brooklyn, NY, is raising funds on MainVest. The microbrewery and kitchen has brought the culture and cuisine of the black neighborhood in South Carolina to Brooklyn. The offerings include beer and the official Brooklyn Biscuit. Daleview Biscuit and Beer was founded by Chris Gandsby, a native of a small black neighborhood in Dale View, South Carolina. The current crowdfunding campaign of the brewery and kitchen has a minimum target of $75,000 and a maximum target of $208,000. The funds will be used for securing a new lease for the second location, building out the new space, kitchen buildout, space design, draft installation, inventory, and startup operation cost. Daleview Biscuit and Beer reported revenue of $246,000 in 2019 with a gross profit margin of 72%.

 

AquiPor Technologies

AquiPor Technologies, with a pre-money valuation of $19.4 million, is raising funds on StartEngine. The company has developed an innovative technology that is meant to revolutionize stormwater systems in cities across the US. The proprietary technology converts roads and sidewalks into permeable surfaces and filters rain as and when it falls. It helps to eliminate pollution from stormwater and replenish the natural water cycle. AquiPor Technologies was founded by Greg Johnson and Kevin Kunz in 2015 and has raised over $1 million since its inception. The funds from the current crowdfunding round, with a minimum goal of $9,999.37 and a maximum goal of $1,069,999.26, will be used to start the manufacturing of its products. AquiPor Technologies’ technology is patented and will help in reducing millions of dollars of infrastructure improvement costs.

 

Great Scott

Great Scott, a music venue in Allston, MA, is raising funds on MainVest. The venue offers the stage to local comics, musicians, tourist acts, and drag queens. The arts keep the community alive and bring everyone together in a safe and welcoming environment. Great Scott is led by Carl Lavin and is about to be taken over by Chowderquake, LLC, to keep the dream alive amidst the COVID-19 difficulties. The current round of crowdfunding has a minimum target of $150,000 and a maximum target of $350,000, and the funds will be used for rent payments, soundproofing, and other fees and licenses payments. Great Scott is an important part of Boston’s arts community and is a beloved music venue.

 

Janover Ventures

Janover Ventures, with a valuation cap of $20 million, is raising funds on Republic. The company is combining digital technology and education to provide democratized access to commercial real estate debt capital. The platform works as the matchmaker between commercial real estate lenders and investors. Janover Ventures has already launched its Intelligent Router technology and is soon expected to launch Intelligent Qualifier and Intelligent Lending Platform. The company was founded by Blake Janover in November 2018. The proceeds of the current crowdfunding campaign, with a minimum raise of $25,000 and a maximum raise of $1,070,000, will be used to launch new products and grow revenues. Janover Ventures reported a 200% growth in revenues from Q4 2019 to Q1 2020 with a net profit margin of over 50%.

 

Carnot Compression

Carnot Compression, with a pre-money valuation of $11.3 million, is raising funds on StartEngine. The company has developed a patented method to reduce the heat generated by compression and has created oil-free air compressors. The technology allows for air compression in an isothermal manner, reducing the operating costs and improving efficiency. Carnot Compression was founded by Todd Thompson and Hans Shillinger in 2014 and has received numerous grants from the California Energy Commission and the National Science Foundation. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $1,070,000, and the funds will be used to bring the product to the market. Carnot Compression is led by leading experts from all over the world and is prepared to benefit a bevy of industries.

 

FinTron

FinTron, with a post-money valuation of $4.9 million, is raising funds on NetCapital. It is a digital platform that provides the latest investment tools, digital brokerage, and banking services to new investors. The offerings of FinTron include unlimited trading in over 600 fractional securities, interest-bearing accounts, recurring investments with three levels of risks, a master budgeting tool, mock trading, and meal calculating tools. FinTron was founded by Wilder Rumpf, Matthew Fatse, and Adam Pulcyn in 2017 and has raised over $430,000 since its founding. The proceeds of the current crowdfunding campaign, with a minimum raise of $10,000 and a maximum raise of $249,999, will be used for user acquisition, technology, fixed operating costs, and compensation for managers. FinTron also offers educational services with its simulated trading game, lesson plans, and competitive game-play.

 

Sustainability CPE

Sustainability CPE, an adult education center in Seattle, WA, is raising funds on MainVest. The company sells on-demand online Continuing Professional Education (CPE) courses to CPAs, in addition to practical education resources. The courses are equally beneficial for people looking to make sustainability operational and quantifiable in their organizations. Sustainability CPE was founded by Burt Hamner in March 2020. The current round of crowdfunding has a minimum goal of $6,000 and a maximum goal of $7,000, and the funds will be used for product development and marketing. Sustainability CPE has partnered with the Washington Society of Certified Public Accountants to offer its courses and plans to create new courses for individuals to learn better strategies for sustainability management.

 

Sleep Better Foundation

Sleep Better Foundation, with a valuation cap of $2.48 million, is raising funds on Wefunder. The app can be used to elevate sleep quality with the help of virtual sleep coaches. The sessions are delivered on-demand and online, where sleep coaches help people solve problems related to falling or staying asleep. Sleep Better Foundation was founded by Joseph Dzierzewski and Lorena Rojas in 2016 and has raised over $200,000 since its inception. The proceeds of the current round of crowdfunding, with a minimum target of $50,000 and a maximum target of $350,000, will be used for business development and development of the product platform by purchasing software tools and hiring a part-time developer. Sleep Better Foundation is expected to launch in October 2020 and is projected to have 20,000 users in the first twelve months.

 

Quorum X Diagnostics

Quorum X Diagnostics, with a $3 million valuation cap, is raising on Wefunder. The company is developing a take-home lateral flow test to detect the novel coronavirus during the incubation period. The test will allow the detection of COVID-19 even before the onset of symptoms. The company has already used the same technology to build QXD-1 Fast Test for Pseudomonal Pneumonia Prototype. Quorum X Diagnostics was founded by Maria Nagy and Dr. Angel A. Rivera in 2017 and has raised over $66,000 since its founding. The current round of crowdfunding has a minimum raise of $50,000 and a maximum raise of $250,000. The funds will be used for manufacturing, testing patient samples, hiring nurses, FDA application, and app development. Quorum X Diagnostics is filling an opportunity gap in the market and catering to the global need of a quick test for COVID-19.

 

The Devil’s Circle

The Devil’s Circle, a horror film based on an East Coast legend, is raising funds on Wefunder. The film is low-budget and, hence, low-risk and is achieving cinematic marketability at a lesser cost. It is an Indie horror movie, backed by a highly experienced team. The Devil’s Circle is written and directed by Jon Jedliskowski and produced by Adventus Films. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $150,000. The proceeds will be used for the cast and crew payroll, camera and production equipment, and other miscellaneous production costs. The Devil’s Circle is led by a team with many successes to its name. Adventus Films has produced three horror and thriller movies to date and has many awards to its credit.

 

Rentberry

Rentberry, with a valuation cap of $9 million, is raising funds on Wefunder. It is a fully-automated global home rental platform. The application brings the tenants and landlords together and provides services like property marketing, tenant screening, rental auction, e-contracts, rental payments, and online data storage. Rentberry was founded by Oleskiy Lyubynskyy in 2015 and has raised over $6 million since its inception. The proceeds of the current crowdfunding campaign, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used for IT development, business development, marketing and sales, and administration and operations. Rentberry had 900,000 users in 2019 and reported a 213% transaction growth. The company has projected its revenues to be around $5 million in 2020.

 

At Your Home

At Your Home, with a post-money valuation of $2.8 million, is raising funds on NetCapital. The company provides home improvement services like gutters, roofing, siding, and concrete, in addition to exterior home improvement and storm damage repairs. The business is an essential one during COVID-19 and sets up weekly roof inspections with its drone technology. At Your Home was founded by Chris Suser in 2019. The current crowdfunding campaign has a minimum goal of $10,000 and a maximum goal of $107,000. The funds will be used for marketing, hiring, equipment, insurance, compensation for managers, and administrative expenses. At Your Home is a spinoff of The Mower Man and has access to 18,000 existing customers. The company has completed multiple jobs fixing and replacing roofs.

 

Solectrac

Solectrac, with a pre-money valuation of $7.75 million, is raising funds on StartEngine. The company designs and sells climate-smart electric tractors. The agriculture and utility electric tractors of Solectrac range from 25 to 70 HP and can either be charged with renewable energy or from a 220V outlet. The electric tractors are innovative and set to replace diesel tractors and reduce the carbon footprint. Solectrac was founded by Stephen Heckeroth in 2019. The proceeds of the current round of crowdfunding, with a minimum target of $10,000 and a maximum target of $1,070,000, will be used for the next generation tractors. Solectrac has a patented and disruptive solution and already has a key supply chain partnership with a leading tractor manufacturer in India.


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