See the Great Companies We're Considering at the Next Impact Cherub Club Meeting

Apr 17, 2024

I’m not a financial advisor; nothing I write in Superpowers for Good should be considered investment advice. You should seek appropriate counsel before making investment decisions.

As we gear up for the 1:00 PM Eastern, April 23, meeting of the Impact Cherub Club, we invite you to join us. The club is an informal gathering of friends who meet up to review impact investments everyone is eligible to make and virtually anyone can afford. We share responsibility for completing basic due diligence before making investments. No one is required to invest.

There are no dues or fees to participate, and I don’t touch the money. When members invest, they do so directly for their own accounts. We benefit from new members only by the fresh perspectives they bring and our growing social impact. Please join us!

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Next Meeting—April 23, at 1:00 PM Eastern

At our next meeting on April 23, at 1:00 PM Eastern/10:00 AM Pacific, consistent with our plans for future sessions, the agenda will have three items:

Diligence Reports
Education Moment
Preliminary Consideration of New Candidate Investments

I’ll review those items in reverse order.

New Company Consideration

After some preliminary screening, I’ve shared some candidate offerings with the members of the club to choose which we’ll review this month. Members chose the following:

Handprint

Handprint, with a valuation of $23 million, is raising funds on Wefunder. The company has developed a SaaS marketplace that enables companies to increase their profits by restoring the planet. Handprint is a nature tech company that gives verified Nature Credits to companies that offset their carbon footprint and help restore ecosystems. The company is unique in rewriting capitalism with ecosystem restoration, for which it won the Microsoft Green Tech Challenge 2021 and Tech in Asia Startup 2023. Mathias Boissonot, Dr. Ryan Merrill, and Simon Schillebeeckx founded Handprint in December 2023. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for US sales and marketing, advancement of the software solution and impact data team, and acquisition of subsidiary companies in Indonesia and Singapore. (Courtesy of KingsCrowd.)

Well Water Finders

Well Water Finders, with a valuation of $4.68 million, is raising funds on NetCapital. The company has developed the technology to locate water in a drought-stricken world. Well Water Finders’ patented equipment provides insights into the depth, volume, and location of groundwater and addresses challenges in agriculture, ranching, municipalities, and real estate. The business has a working prototype and has a pilot underway with Texas landowners, realtors, and commercial developers. Andrew Vandekop and Teisha Vandekop founded Well Water Finders in October 2020. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1.2 million. The campaign proceeds will be used for manufacturing, R&D, new hires, management, and marketing. (Courtesy of KingsCrowd.)

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Education Moment

We’ll be discussing Impact Assets' new Give-to-Invest program, which allows relatively small groups to organize donor-advised funds that even track sub-accounts for their members.

Diligence Reports

We’ll begin with the due diligence reports from the Impact Cherub Club members who volunteered to research the companies after we briefly learned a bit about them last month. After hearing the members’ reports, we’ll vote to determine whether or not to recommend investment in the companies. The decision will be made available to everyone who registers to attend, including those who don’t make it. Register here.

Here are the companies we’ll learn more about this month:

Got Bag

GOT BAG North America, with a valuation of $12 million, is raising funds on Wefunder. The company makes travel bags and urban lifestyle products using recycled Ocean Impact Plastic. GOT BAG has sold over 100,000 products online and to elite retailers like Saks, Free People, and REI and spans three continents with over $20 million in global net revenue in 2023. Benjamin Mandos founded GOT BAG North America in March 2023. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $500,000. The campaign proceeds will be used for marketing and PR initiatives, supply chain optimization, partnerships and collaborations, and retail presence. (Courtesy of KingsCrowd.)

SorbiForce

SorbiForce, with a valuation of $10 million, is raising funds on Republic. The company has developed the world’s first non-metal sustainable battery. SorbiForce batteries are made using activated carbon, technical carbon, iodine, bromine, zinc salts, and water and will be a game-changer for the energy storage industry. The business is led by an experienced team and has collaborations with the Center for Innovation at the University of Arizona. Serhii Kaminskyi and Oleg Sheremeta founded SorbiForce in September 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for technology and product development, sales and marketing, professional services, infrastructure, and general working capital. (Courtesy of KingsCrowd.)

Upcoming SuperCrowd Event Calendar

If a location is not noted, the events below are virtual.

SuperCrowd24, April 17-18 (today and tomorrow): This two-day virtual event is our biggest of the year. Don’t miss it. Use the discount code “SuperCrowd” to save 50 percent.
Impact Cherub Club Meeting hosted by The Super Crowd, Inc., a public benefit corporation, on April 23, 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. Everyone is welcome to join these free events.
SuperCrowdHour, April 24, 2024, at 1:00 Eastern. We’ll talk with Chip Hauss, Emily Evans and Nick Zuroski about the role of investment crowdfunding in community building.
SuperCrowdChicago, June 12, 2024. This in-person event at Columbia College Chicago features some of Chicago’s prominent citizens and community leaders, along with crowdfunding experts. Use the discount code “SuperCrowd” to save 30 percent!
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 you would like to submit an event for us to share with the 4,000+ members of the SuperCrowd, click here.