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]
Funded
28%Min Investment
$100Amount Raised
$30,056Goal
$25K-$107KDays Left
0Dover, DE
Crowd Lustro Research Report
grow with Jane
Industry:
Business
Security Type:
Convertible
A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level).
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.
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
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