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Security Type
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Preferred Stock
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Categories
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Other
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Min Investment
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$1,000
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Offering Date
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September 05, 2018
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Expected Close Date
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December 04, 2018
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Target Raise
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$300.00K-$650.00K
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Deal Notes
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- Security Type: Preferred Equity
- Share price: US $1.0125
- Pre-money valuation: US $2,250,000
- Option pool: 4.02%
- Is participating?: False
- Liquidation preference: 1.0x
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Valuation
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$2,250,000
Company Description
Effective water treatment is primarily available at a large scale. With this lack of agility, it is little wonder that over 80% of the world’s water is not adequately treated and less than 1% is recycled. Humanity’s mismanagement of this keystone resource will make water one of the most impactful societal problems in the next decade according to the World Economic Forum. In the face of this looming scarcity, there is a lack of easy to use, modular, and affordable technology that can truly treat and recycle water at any scale. Not giving people and industries control of their water can and already is creating intense, unprecedented, and cascading pressure on our aging infrastructure. The NuTree provides water systems at any scale that remove over 90% of contaminants. It boasts compact but modular units that expand cheaply and with ease to match the higher-volume needs of residents and industries alike. NuTree's no-fuss, low maintenance, and odorless design is projected to cost under $10k. The system recycles water for reuse (cleaning, irrigation, etc.), recycles nutrients for microgreens in a vertical farming attachment, and creates bioenergy to make the system self-powered. All of this is achieved in a high-tech garden that uses naturally occurring plants and microbes
Perks
Flash Flood - $2,500+ : Customized beer growler and beer mug, reusable water bottle, t-shirt, and tote bag. Personalized letter of thanks from the NuLeaf team.
Riptide - $5,000+ : Grab lunch and spend a day brewing with the NuLeaf team at our workshop. If that’s not your style, have a sit down dinner with us! (travel and accommodation not included)
Whitewater Rapids - $10,000+ : NuTree Bonsai that can serve as a desktop aquaponics (self-maintaining aquarium that also grows microgreens) unit. Complete with DIY parts to put the “tree” into whatever orientation you want!
Rogue Wave - $15,000+ : NuTree Bonsai + access to NuLeaf's annual plans with the opportunity to provide input.
Tsunami - $25,000+ : NuTree Garden - a smaller NuTree that serves as a garden ornament and focuses on water recycling to make vertical farming easy! Access to quarterly plans with opportunity to provide input.
Cyclone - $50,000+ : NuTree Garden + Virtual or in-person day visit at NuLeaf's office with a sit-in for all meetings. (travel and accommodation not covered)
Poseidon - $100,000+ : Full-sized NuTree! If you only want a recirculating system to grow some yummy microgreens, ask about our aquaponic units.
Key Deal Facts
One patent pending that covers our combination of three technologies (engineered wetlands, microbial fuel cells, and hydroponic farming).
Two breweries have signed letters of intent for our pilot program in the U.K. and California.
Winner of 4 awards in the U.S. and Europe, including PitchFest at the 2018 conference for the European Forum of Industrial Biotechnology (EFIB) and VERGE 2018.
One successful prototype and the second is nearing completion. Our first prototype combined our base technologies. Our second prototype combines our technologies in a vertical orientation with our aesthetic NuTree design.
Completed RebelBio 2017, a life sciences accelerator owned by SOSV, and received investment from SOSV.
Use of Proceeds
- Logistics 20%
- Salaries 17%
- Marketing 13%
- Product/Tech 31%
- Runway 19%
Management Team / Advisory Board Bios
Ari Ochoa
CTO and Co-Founder
Ari Ochoa, CTO and co-founder, has a degree in biology from Foothill College. He was one of the first people to join NuLeaf Tech and from the beginning was a leader for creating systems that cleaned water and created energy from wetland processes. A self-taught microbiologist, he is an avid homebrewer and is very familiar with the process of making beer as well as the craft beer industry's struggle with wastewater. He grew up next to the Bay Area wetlands and has a lifetime fascination with their ecosystems and, in addition to his engineering skills, has a love for plant life and likes to garden. He has also worked in construction and sales.
Rachel Major
CEO and Co-Founder
Rachel has degrees in biology and chemistry with a focus in environmental chemistry from Drexel University. She also has a certificate in management from Stanford University. She has studied physics and material science for fun. An avid tinkerer and writer, she has worked in geochemical and metallurgical engineering labs as well as content editor at the world’s leading biomimetic consultancy. She brought the idea of bridging clean tech and biomimicry to NASA Ames, and from there created a DIY group and eventual start up. She also has a part-time job in wine sales at Ridge Vineyards, giving her a unique outlook in the hospitality and alcohol industry.
Deal Notes
- Security Type: Preferred Equity
- Share price: US $1.0125
- Pre-money valuation: US $2,250,000
- Option pool: 4.02%
- Is participating?: False
- Liquidation preference: 1.0x