Irrigreen

Irrigreen

Revolutionary smart sprinkler system that saves water

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Security Type
Crowd SAFE
Categories
Consumer Goods & Products
Min Investment
$150
Location
Edina, MN
Offering Date
March 08, 2021
Expected Close Date
June 21, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 20%

Company Description

Vision Revolutionizing landscape irrigation with smart sprinkler systemsOur two-year goal is to enter 20 high water cost cities, a $750M+ opportunity.With your support, we'll grow our product line to include a larger sprinkler head, allowing us to expand into large commercial landscaping, including sports fields, golf courses and parks. Smart water saving technology is critical in maintaining the health of our yards, our communities, and our planet.

Key Deal Facts

Raised $4.9 million from Silicon Valley’s top angel groups
IP protected technology with 6 patents granted
Revolutionary Digital Sprinkler saves approx. 50% of outdoor water use
300+ installations since product launch
Founders have deep expertise, 40+ patents, $325M in prior startup exits
Positioned for a $6B+ market opportunity

Management Team / Advisory Board Bios

Shane Dyer
CEO
Stanford University, BS Computer Systems Engineering. Founder CEO of Arrayent IoT Platform company that created more than 60 IoT products with Whirlpool, Chamberlain and Sylvania etc (Exit Prodea $37MM) funded by Intel Capital, DCM,

Gary Klinefelter
CTO

Kim Levin
VP Revenue

Deal Notes

Discount: 20%

Amount Raised : $602,673
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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