Terrashroom

Revolutionizing Home Mushroom Cultivation With the Terrashroom Smart Grow Chamber

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Form C
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Security Type
CAFES
Categories
Food & Beverage, Consumer Goods & Products, Retail, Healthcare & Medical, Financial Services
Min Investment
$250
Location
AUSTIN, TX
Expected Close Date
April 29, 2024
Target Raise
$100.00K-$1.24M
No. Investors
146
Security Price
$1
Website
terrashroom.io
Number of Employees
2
Cash
$124,585
Revenue
$64
Short Term Debt
$92,526
Cost of Goods
$1,553
Long Term Debt
$0
Net Income
$-77,820

Key Deal Facts

Terrashroom is an automated mushroom grow computer that makes mushroom growing effortless
🤑 6,100+ paid customers & 23,000+ on the pre-launch email waitlist
⚙️ Product is currently being manufactured & will start shipping the first batch in early spring.
$50.3B/yr spent on mushrooms & market is rapidly growing.
🦄 Top tier team, multiple unicorn exits
🧔 World class advisors behind massive consumer product companies

Management Team / Advisory Board Bios

Jared Steele CEOFormer sales director that helped grow startup from $0 - $12M ARR in <1yr. Pre-IPO @ Unity. 6+ years of mushroom growing experience., Justin BalthropCTO (fractional)Former co-founder/CTO of Bird Scooter (0 - IPO @ $1.3B mkt cap peak). Prev. Yammer., James ElliottHead of ProductOur all-knowing engineer with a bleeding passion for mechanical engineering and mycology, Don Greenley Mechanical Engineering Lead12+ years of experience designing & manufacturing a wide range of home, performance automotive, and consumer electronic products for companies like UPS, Coca-Cola, L.L. Bean, & Frito-Lay., Justin MaresAdvisorFounder of ecommerce & d2c brands Kettle & Fire, Perfect Keto & others.
Combined $100M+/yr revenue., Kevin EspirituAdvisorFounder/CEO of Epic Gardening, the largest multi-platform gardening education and products company in the world. The mission is simple: teach the world to grow., David LittletonAdvisorLead company to $158M acquisition by Solar City.
Multi-decade career as COO & VP of Global Manufacturing & Supply Chain., Pavel BayborodinAdvisorFounder/CEO of leading IOT SaaS Biz: Blynk
Expert in design, UX & product dev
Amount Raised : $301,202
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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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