Cxffeeblack Featured Among New Impact Offerings - June 17, 2024
Cxffeeblack Featured Among New Impact Offerings - June 17, 2024
This Week's New Crowdfund Offerings With Social Impact, Minority, Women and LGBTQ Founders
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Each week, Superpowers for Good shares a list of new impact-related offerings added to FINRA-Registered crowdfunding portals and by broker-dealers. We’ll share four separate lists:
Impact offerings as determined by KingsCrowd reviews.
Offerings with minority founders.
Deals with women founders.
Those with LGBTQ founders.
Sometimes, it takes weeks for our source to determine that a company has a social impact, a woman, minority or LGBTQ founder. When we discover an offering qualifies for our list, even if it is no longer new, we will include it. See the lists below.
Devin’s Impact Pick of the Week
Each Friday, Devin will share his favorite impact investment opportunity from the list shared on Monday. Devin’s Impact Pick of the Week will be available only for the Impact Members of the SuperCrowd. You can join the Impact Members by subscribing to this monthly newsletter for just $5.95! Join the SuperCrowd today!
SuperCrowd Social Impact Offerings of the Week:
Remark Glass is raising funds on Honeycomb. Founded by Danielle and Rebecca, Remark Glass transforms post-consumer glass into stunning, functional pieces of art, turning waste into works of beauty and utility. Recognized as a 2024 "Local Hero" by Edible Philly and a 2022 Coralus US Venture, the company stands as a pioneer in sustainable craftsmanship. The Remark team, graduates of the Goldman Sachs 10,000 Small Businesses program and recipients of the 2019 SustainPHL Business Impact Leader award, operate as the first official Gold-Level Zero Waste Partner designee by the City of Philadelphia. Remark Glass partners with local businesses and community members to meticulously collect and upcycle glass, creating valuable barware, bespoke lighting fixtures, and custom gifts in their dedicated glassblowing studio.
SuperCrowd Minority Founders Offerings of the Week:
Cxffeeblack, with a valuation of $5 million, is raising funds on Wefunder. The company has achieved over $1 million in sales, maintained a 50% average year-over-year growth, and raised nearly $300,000 in pre-seed funding. Unique in its approach, Cxffeeblack has built an all-Black supply chain from Ethiopia, using a Black-owned shipping company, and roasting the coffee in-house. Founders Bartholomew Jones and Renata Henderson aim to highlight coffee's Black history and contribute to its Black future. Their innovative approach includes selling a sitcom to HBO Max, achieving 1.2 million organic streams for their music catalog, and partnering with NBA player Jae'Sean Tate on various initiatives. They also established the first-ever Pan-African Black Barista Global Exchange Program in 2023.
The current crowdfunding campaign, with a target of $1,240,000, aims to expand Cxffeeblack’s operations, enhance marketing efforts, and develop new products. This includes investing in their Anti-Gentrification Cxffee Club storefront in Memphis, TN, which serves as an embassy connecting the community to the rich history of coffee and Black culture. Cxffeeblack's mission, encapsulated in their slogan "Make Cxffee Black Again," emphasizes returning coffee to its roots and celebrating the Black culture integral to its story. By stripping away the layers of "cream and sugar" added by history, Cxffeeblack aims to reveal the true essence and origin of coffee while creating opportunities and educating the community about the Black history of coffee.
SuperCrowd Women Founders Offerings of the Week:
Bee Mortgage App, with a valuation of $5.75 million, is raising funds on Wefunder. The company revolutionizes the mortgage industry by leveraging blockchain and AI technologies to offer fast, efficient, and user-friendly mortgage services. Known for instant pre-approvals, low rates, and fast closings, Bee can fully pre-approve a home buyer in less than 8.5 minutes—300% faster than Rocket Mortgage—using verified income and assets without any human involvement.
Bee’s innovative mobile app provides a 100% mobile experience, allowing users to manage their loans from shopping to closing without hassle. The app features instant decisions with verified credit, customizable pre-approval letters, and seamless loan tracking. Bee’s technology aims to close loans 14 days faster than the industry average at a third of the cost.
Bee’s experienced team in mobile app development, mortgage lending, real estate, and blockchain/AI automation is committed to innovation with broad social impact. The company has been featured in prominent media outlets such as NBC News, Washington Post, Bankrate, TD Ameritrade TV, HousingWire, TIME, and Business Insider. Founded by women and minorities, Bee operates in the $3.1 trillion mortgage market, offering a go-to-market opportunity akin to Uber.
SuperCrowd LGBTQ Founders Offerings of the Week:
LegitFit is raising funds on Honeycomb. The company is a dynamic fitness and wellness coaching business, offering a broad spectrum of training options, including bodybuilding, Olympic lifting, toning, yoga, dance fitness, cycling, and water aerobics. Led by a multidisciplinary coach, LegitFit ensures tailored and effective workout regimens, available both in-person and through its comprehensive online platform. This platform includes high-quality video tutorials, written guides, online programs, and community forums for support and motivation. LegitFit is dedicated to fostering a holistic wellness environment and empowering individuals to achieve their health and fitness goals with confidence and convenience.
Upcoming SuperCrowd Event Calendar
If a location is not noted, the events below are virtual.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on June 18, 2024, at 1:00 PM Eastern. Each month, the Club meets to review new offerings for investment consideration and to conduct due diligence on previously screened deals. To join the Impact Cherub Club, you must first become an Impact Member of the SuperCrowd.
SuperCrowdHour, June 19, 2024, at 1:00 Eastern. Each month, we host a value-laden webinar for aspiring impact investors or social entrepreneurs. At this month’s webinar, Angela Barbash of Revalue will share insights about moving money from Wall Street to Main Street. Register here.
Superpowers for Good Live Pitch, June 26, 2024 at 9:00 PM Eastern. We’ll host a live pitch right here on Superpowers for Good. If you would like to be one of the companies pitching, apply here.
Recently, we created an AI GPT to help you learn more about The Super Crowd, Inc., a public benefit corporation, and our upcoming events. Click here to try it.
SuperCrowd Community Event Calendar
If a location is not noted, the events below are virtual.
Successful Funding with Karl Dakin, Tuesdays at 10:00 AM ET - Click on Events
The Reg A & Crowdfunding Conference, June 20, Westchester Country Club (Save 20% with the code Super20)
How Small Businesses Can Raise Capital from the Crowd, Thursday, July 11, 1 – 2 pm ET: Explore transforming your community connections into capital to start or grow a small business through regulated investment crowdfunding. Learn more about how this type of crowdfunding works and the benefits and challenges of raising capital from the crowd. About our Presenter: Author and journalist Devin Thorpe has over 25 years in finance and a rich background as a former CFO and investment banking firm founder. He’s also a champion for social good, publishing his Superpowers for Good newsletter and show.
Crowdfunding Professional Association, Summit in DC, October 22-23
If you would like to submit an event for us to share with the 6,000+ members of the SuperCrowd, click here.
