KingsCrowd Deal Sheet -June 8th

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The latest deals available for investment are out! We’ve created a list so you can see all these new startups in one easy place.

We’ve also highlighted three exciting deals below. These are not KingsCrowd staff picks, so be sure to check out their analytics page to get more information if you’re interested in one of them.

Roboligent, with a pre-money valuation of $28.8 million, is raising funds on StartEngine. The company makes next-gen intelligent robots that automate mundane and manual tasks in areas such as clinics and logistics. The robots are based on patent-pending force-control technology and are integrated with AI.

Bongsu Kim founded Roboligent in May 2016. The current crowdfunding raise has a minimum target of $10,000 and a maximum target of $3,499,993, and the funds will be used towards the advancement of a new robotic automation era. Roboligent is vetted by National Science Foundation and has already established commercial collaborations for robot supply, with the first unit shipped.

 

Detonation Space, with a valuation cap of $15 million, is raising funds on StartEngine. The company is developing rotating detonation engines that are thermodynamically more efficient than conventional engines. The Detonation Space engines will be able to provide longer flight times to drones, more passenger accommodation to planes, and more carrying capacity to rockets.

Umit Yelken founded Detonation Space in October 2020. The current crowdfunding round has a minimum goal of $10,000 and a maximum goal of $1,070,000, and the proceeds will be used to establish a test facility and grow. Detonation Space aims to unlock global mobility with its engine suitable for hypersonic jets. The technology will help to increase the efficiency of aerospace vehicles and decrease the cost per kilogram of payload.

 

44 East, a new residential condominium in Austin, is raising crowdfunding on Republic. It is a 49-story 322-unit condominium at a unique location with breathtaking views. The condo is exquisitely designed by Michael Hsu Office of Architecture and boasts of a neighboring park, water, and urban settings.

44 East is led by Janine Yorio and Jesse Stein and will be owned by Compound Projects. The proceeds of the current round of crowdfunding, with a minimum target of $32,250 and a maximum target of $443,715, will be used for the acquisition of the property. 44 East is located at an excellent location where home values have appreciated by 63.8% over the past ten years. The acquisition is expected to close in the fall of 2021, and the apartment will be leased post-acquisition.

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