Back to Search Results

grow with Jane

By Microventures

Deal Details
  • grow with Jane

Grow With Jane is a mobile application created to help both novice and experienced cannabis growers cultivate their own plants. Since the app’s 2017 launch, average monthly users on the platform have increased to 25,095. Grow With Jane’s solution to help at-home cultivators - and its early user traction - helped it gain acceptance into CanopyBoulder’s Summer 2019 accelerator program. Since graduating from the CanopyBoulder program, the company has raised $150,000 in capital and is currently working on rolling out additional revenue-generating product features. [Read More]

Print Deal

Min Investment

$100

Amount Raised

$30,056

Goal

$25K-$107K

Days Left

0

Dover, DE

CrowdLustro Research Report

grow with Jane

Industry:
Business

Security Type:
Convertible Note
A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

Debt and Equity Opportunity

Date Filed:
March 23, 2020

Date Expires:
July 02, 2020

Valuation Cap:
$2M

Platform:
Microventures


Use of Proceeds

Marketing: 38%

Software development: 33% 

Operations: 24%  

Intermediary fees: 5%

Management

Nicolas Botti - Co-Founder, CEO
Gaston Lozano - Co-Founder, Chief Product Manager
Daniel Kim - Co-FOunder, Chief Marketing Officer
Roque Terrani - Co-Founder, Chief Technology Officer

Deal Structure

Discount Rate: 20%

Deal Perks

  • Investors that purchase the first 25,000 Crowd Notes, and thereby fund the first $25,000, will receive Crowd Notes with a conversion provision based on a $2 million valuation cap instead of a $2.5 million valuation cap. That means, in connection with equity financing of at least $1 million, the company has the option to convert the Crowd Note into non-voting preferred shares (Conversion Shares) at a price based on the lower of (A) a 20% discount to the price per share paid for Preferred Shares by investors in the Qualified Equity Financing or (B) the price per share based on a $2 million valuation cap (instead of $2.5 million).

Additional Reports

There are no additional research reports currently.

Become Content Contributor

Key Deal Facts

  • - Graduate of CanopyBoulder’s Summer 2019 class
  • - $180,000 raised in 2019
  • - 25,095 monthly average users on the platform in February 2020
  • - Introduced revenue-generating features in July 2019
Read Our Research Disclaimer

0 Comments