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Security Type
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Crowd Note
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Min Investment
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$100
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Offering Date
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April 20, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$1.07M
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Security Price
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$1
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Valuation
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$15,000,000
Company Description
Persistence Data Mining’s cutting-edge technology provides a more accurate, automated, and cost-efficient soil testing solution that helps growers increase crop yields, reduce fertilizer and input costs, and improve soil fertility - resulting in more nutritious food and sustainable planet.
Key Deal Facts
Our innovative soil health solution increases crop yields by 13% and reduces costs by 15%.
Cutting edge technology improves accuracy, precision, cost, and speed of soil testing.
Partnered with John Deere, Mahindra, USDA and the UN.
Positioned for success in the recession/pandemic proof $2.4T agricultural market.
Already producing revenue with a clear path to profitability.
Healthy soil absorbs more fossil fuel emissions.
Stainable tech healing the environment by reducing the introduction of chemicals.
Soilytics™ puts real-time data in our customers’ hands.
Management Team / Advisory Board Bios
Brian Zamudio, CEO
Serial entrepreneur with extensive tech development and fundraising experience. Brian created Persistence Data Mining when he recognized technology could be applied in agriculture to improve soil health and help farmers profitability.
Penelope Nagel, President & COO
9th generation farmer with a passion for sustainable farming and experience working for global financial institutions such as HSBC and Santander.
Henry Bonner, Director & CFO
Management and Investing experience with corporations like GE Capital and MetLife.
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The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.
