Security Type
CAFES
Categories
Technology, B2B, Agriculture & Agtech, Science & R&D
Min Investment
$100
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$1.24M
No. Investors
110
Security Price
$1
Number of Employees
2
Cash
$52,464
Revenue
$167,716
Short Term Debt
$148,530
Cost of Goods
$42,408
Long Term Debt
$643,644
Net Income
$236,558
Key Deal Facts
Successfully closed and oversubscribed $500k pre-seed round in 2022, raising $635k.
Management Team / Advisory Board Bios
Max Rünzel CEO & Co-FounderMax is CEO and Co-Founder of HiveTracks and an expert on digitalization and empowerment of smallholder producers. He formerly worked at the FAO, the Food and Agriculture Organization of the United Nations., James Wilkes Founder and CBOJames is a professor of computer science, experienced beekeeper and local food producer. He helped pioneer data-driven research in the bee space in the U.S. by founding the first beekeeping app used by thousands of beekeepers worldwide., Laura Dye COO & Co-FounderLaura is a focused, strategic, and entrepreneurial leader with a proven track record in top sales achievement. She’s worked with companies in several industries to identify and quantify the value of implementing new technology solutions., John Cornett CTOJohn is a senior software developer and cloud architect with 20+ years of industry experience. His forte is building robust software architectures on firm foundations to function at scale.
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Security Description
A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.
