Crowdfunding Has Never Been This Easy

Weekly newsletter about the latest news, updates, and information about crowdfunding campaigns.

Steeped Coffee on Republic

Steeped Coffee is an innovative company that has created a new standard in the coffee industry by offering specialty coffee brewed like tea in single-serve brew bags. This approach combines the convenience of single-serve coffee with the quality of specialty coffee, all in an environmentally friendly and compostable format. Based in Santa Cruz, California, Steeped Coffee operates as both a certified B Corp and a public benefit corporation, focusing on high-quality, ethically sourced, and sustainably packaged products.

Key Highlights

1. Revenue and Funding: Steeped Coffee has achieved over $1 million in revenue in the past 12 months and has raised over $5 million in capital. The company is also backed by a venture capital firm.

2. Innovative Brewing Method: The company offers a unique brewing method with its Steeped™ Brew Bags, which require no machines and are compostable. This method is a significant innovation in the single-serve coffee market.

3. Wide Adoption and Partnerships: Steeped Coffee has licensed its technology to over 400 premier coffee brands, indicating widespread industry acceptance. The company's products are available through multiple distribution channels, including national distributors, hospitality, food service, and grocery stores.

4. Sustainability and Ethical Practices: As a certified B Corp and public benefit corporation, Steeped Coffee is committed to sustainability and ethical business practices. The company focuses on providing high-quality coffee without compromising on environmental or social responsibilities.

Contractor+ on Wefunder

Contractor+ is a collaborative platform and AI solution designed for contractors. It is currently open for investment through a public launch, offering a convertible note with a valuation cap and early bird bonuses for initial investors. The platform is based in Columbus, OH, and operates in the technology sector, specifically focusing on B2B SaaS, mobile apps, and infrastructure in the construction industry.

Key Highlights

1. Financial Performance: Contractor+ has an annual run rate revenue of $360K, with impressive 85%+ gross margins and a 162% year-over-year growth.

2. Diverse Revenue Streams: The platform generates income through multiple channels, including subscriptions, payment facilitation, financing, insurance, and referrals.

3. Market Opportunity: Contractor+ operates in a market with a $60 billion opportunity and a compound annual growth rate (CAGR) of 19%.

4. Current Metrics: The platform has achieved $24K in monthly recurring revenue (MRR), $6K in monthly one-time revenue, over 5,500 monthly active users (MAUs), and more than 800 active paying customers.

PMG Learning Solutions on Microventures

PMG Learning Solutions is an innovative company specializing in AI-powered SaaS (Software as a Service) training platforms. They have established a significant presence in the $100 billion US corporate training market, focusing on custom training programs that include classroom e-learning and microlearning options. Their approach is tailored to meet the evolving skill requirements and digital transformation in the workplace. PMG's notable clients include Boeing, the FDA, Medtronic, and Cerner. In 2022, they launched "Hermann," a SaaS-based learning platform integrating artificial intelligence to enhance learning retention through spaced repetition and microlearning.

Key Highlights

1. Impressive Clientele and Revenue Growth: PMG Learning Solutions has generated revenues of $4.95 million in 2022, a nearly 70% year-over-year increase. Their client list boasts major organizations like Boeing, the FDA, and the US Air Force.

2. Innovative Platform - Hermann: Launched in 2022, Hermann has already gained six enterprise customers and generated over $600,000 in revenues as of November 2023. This platform is designed to align with the accelerated adoption of digital technologies and the transformation of work environments.

3. AI-Powered Features and DoD Authorization: In 2023, PMG added AI-powered features to Hermann, enhancing its capability to ingest existing training materials and automatically author questions and learning objectives. They also applied for Authorization to Operate (ATO) within the US Department of Defense network, which could significantly expand their market reach.

4. Fundraising and Investment Opportunity: PMG is seeking to raise $1 million in crowd notes at a $9 million pre-money valuation cap. This fundraising effort is distinctive as it leverages the strength of PMG's well-established service business, which has nearly ten years of industry experience and robust financial health.

Overplay on Wefunder

Overplay is a New York-based technology company focused on revolutionizing the gaming and entertainment industry. Founded by a team with a strong background in interactive creation and business, Overplay has developed a patented AI-powered technology that allows users to turn any video into a game. This innovative approach combines social media and gaming, offering a new way for creators to engage with their audience.

Key Highlights

1. Impressive User Engagement: Overplay has already seen significant traction with over 1 million games played and 150,000+ alpha app downloads. This indicates a strong market interest and user engagement in their unique gaming concept.

2. Growing Creator Interest: The platform has a waitlist of 7,000 creators, showcasing the growing interest among content creators in utilizing Overplay's technology to enhance their video content.

3. Experienced Leadership: The co-founders of Overplay are industry veterans who have previously created apps with over 25 million downloads and have experience in taking companies to IPO. This experience is invaluable in navigating the competitive tech and gaming landscape.

4. Strategic Partnerships and Potential: Overplay has partnered with Adobe and is backed by the Adobe Fund for Design. The company is positioned at the intersection of video content and interactive gaming, offering significant potential for growth, especially in the realms of advertising and brand engagement.

Japa Health on NetCapital

Japa Health is a technology company aiming to revolutionize the global wellness economy, valued at $4.4 trillion. They are developing a comprehensive AI-driven platform for optimal vitality and wellness, accessible through a user-friendly interface. The platform is designed to help users navigate the complex wellness ecosystem by providing personalized recommendations and a marketplace for wellness products and services.

Key Highlights

1. Personalized Wellness Assessment: Japa Health has developed a vitality assessment powered by a personalized scoring and suggestion engine. This assessment evaluates users across ten determinants of health, providing tailored suggestions to improve their quality of life.

2. Holistic Approach: The company's methodology combines science and spirituality, addressing both visible and invisible factors that influence health, energy, and happiness. This holistic approach is aimed at providing comprehensive solutions for users' wellness journeys.

3. Marketplace Integration: Japa Health's platform includes a marketplace that aggregates various wellness solutions, making it easier for users to find and integrate new practices, products, lab tests, expert advice, and community support into their lives.

4. Business Model and Market Potential: Japa Health is currently pre-revenue but has identified multiple revenue streams, including B2B2C SaaS fees, utilization fees, and direct-to-consumer subscription fees. The total addressable market includes people using technology to manage their health and well-being.

FitJab on NetCapital

FitJab is a company focused on providing a Muslim-friendly fitness application specifically designed for women. Their mission is to empower women, increase their independence, and strengthen their bodies and self-esteem. FitJab addresses the unique challenges faced by Muslim women in accessing fitness and wellness resources.

Key Highlights

1. Targeting a Specific Need: FitJab was created to solve the problem of limited access to fitness facilities for Muslim women, who traditionally must train in separate gyms from men. This gap in services led to the development of the FitJab app, which offers home workout routines, yoga, and meditation.

2. Impressive Growth and Reach: Since its founding three years ago, FitJab has achieved over 300,000 app downloads and more than 50,000 paying users. The app has a high rating on both Apple’s App Store and Google Play, indicating strong user satisfaction.

3. Expanding Services and Localizations: FitJab is not only focusing on fitness but also plans to include nutritional solutions, educational resources, and support for female entrepreneurs. The app is currently available in four languages (English, Arabic, Turkish, Russian), with plans for more localizations.

4. Business Model and Market Potential: FitJab operates on both B2C and B2B business lines, using a subscription model for individual users and partnerships with telecom companies for broader reach. With the global fitness app market growing rapidly, especially in the Asia-Pacific region, FitJab is well-positioned for expansion.

Sorting Robotics on Wefunder

Sorting Robotics is a Los Angeles-based company that specializes in automating the cannabis manufacturing process. They develop intellectual property (IP) and robots to streamline the manufacturing and co-packing process in the cannabis industry. With a strong management team that includes former NASA/JPL employees, Sorting Robotics is emerging as a leader in this niche market.

Key Highlights

1. Significant Funding and Accelerator Participation: Sorting Robotics has raised over $3 million and was part of the Y Combinator W19 batch, a notable achievement that reflects confidence in their business model and technology.

2. Impressive Revenue Growth: The company has successfully tripled its revenue from 2021 to 2022, demonstrating a strong market demand for their automation solutions in the cannabis industry.

3. Cash Flow Positive in 2023: Achieving cash flow positivity is a significant milestone for any startup, indicating that Sorting Robotics is managing its finances effectively and has a sustainable business model.

4. Innovative Automation Solutions: The company focuses on automating the production of pre-rolled cannabis and hemp products, a labor-intensive process in the industry. They offer various products for automating different stages of production, all built with advanced robotics components in the United States.