Bees as Biosensors to Track Biodiversity

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Security Type
Technology, B2B, Agriculture & Agtech, Science & R&D
Min Investment
Creston, NC
Expected Close Date
April 30, 2023
Target Raise
No. Investors
Security Price
Number of Employees
Short Term Debt
Cost of Goods
Long Term Debt
Net Income

Key Deal Facts

Successfully closed and oversubscribed $500k pre-seed round in 2022, raising $635k.
20,000+ beekeeper community with 225,000+ tracked hives since 2010
New B2C beekeeper app to be launched in 2023
$250k+ in government contracts since 2021
1000+ app users and 4+ B2G customers

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.
Amount Raised : $124,012
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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.

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