modgarden 1

modgarden 1

The New Normal: A Pure Food Supply in Your Home

Security Type
Convertible Note
Min Investment
Sheridan, WY
Offering Date
November 25, 2020
Expected Close Date
August 31, 2021
Target Raise

Company Description

modgarden - makers of tinyFarm and tinySoil - is reinventing how we eat by making organic food affordable and accessible again. We’ve invented a smart indoor farm to help you grow healthy and organic food year-round, in the comfort of your own home, at the touch of a button. tinyFarm’s award-winning design is built to last (with no moving parts) and integrated with a proprietary soil blend to grow food, the way nature intended. Experience the freshest, tastiest food grown right in front of you. Don’t just grow food, grow your health.

Key Deal Facts

Winner at Milan Design Week and ‘The Big Find’ by QVC and HSN
Projected revenue growth of $155M Y5, driven by international expansion + entry into grocery and restaurant channels
Targeting investment exit in 5 to 7 years
Large $125B global organic food market, growing at +10% YoY
Social impact enterprise disrupting access to affordable food in cities
Technology network effects at scale through AI and IoT
Granted product IP, trademarks, and trade secrets
Purpose-driven founding team, with strong credentials in science, technology, and scaling businesses
Amount Raised : $0
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Security Description

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

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