Bloomcatch Inc.

Bloomcatch is the one-stop-shop for plant parents.

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Amount Raised: $57,095
Security Type
CAFES
Categories
Software, Technology, Retail, App, Artificial Intelligence, B2B, AI, Minority Founder, Mobile Apps, B2C
Min Investment
$100
Location
Centreville, VA
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$250.00K
No. Investors
81
Security Price
$1
Website
bloomcatch.com
Number of Employees
1
Cash
$980
Revenue
$50
Short Term Debt
$41,341
Cost of Goods
$0
Long Term Debt
$96,665
Net Income
$55,515

Company Description

🌱 Recently sprouted in December 2020 and already grown to 7 states and 6 countries
🪴 Two pilot programs in Virginia and Maryland to introduce mobile E-Commerce to plant shops.
💥 Yahoo Finance listed Bloomcatch as a 2021 Top Startup to watch
❤️ Bloomcatch's goal is to help children enjoy nature and partners with charities with the same goal
🧑🏿‍🎓Recent graduate of the NewChip Accelerator. The #1 Online Global Accelerator
💾 Chief Technology Officer is a solutions architect with experience from start-ups to Fortune 50
🌺 Award-Winning Director that has worked with Discovery Channel, ESPN, Fox, PBS, and many others

Key Deal Facts

🌱 Recently sprouted in December 2020 and already grown to 7 states and 6 countries
🪴 Two pilot programs in Virginia and Maryland to introduce mobile E-Commerce to plant shops.
💥 Yahoo Finance listed Bloomcatch as a 2021 Top Startup to watch
❤️ Bloomcatch's goal is to help children enjoy nature and partners with charities with the same goal
🧑🏿‍🎓Recent graduate of the NewChip Accelerator. The #1 Online Global Accelerator
💾 Chief Technology Officer is a solutions architect with experience from start-ups to Fortune 50
🌺 Award-Winning Director that has worked with Discovery Channel, ESPN, Fox, PBS, and many others

Management Team / Advisory Board Bios

Raymond Magee CEO/FounderSuccessfully prelaunched the product in December 2020.
Successful Kickstarter campaign from friends and family.
Successful $50K raise from friends and family in 2020.
Successful acquisition of lead investor, Center for Innovative Technology, Radu Grama Chief Technology OfficerSuccessfully prelaunched the app on the app store and google playstore in December 2020.

Completely rebuilt the product (front and back-end) during the pandemic to ensure it can scale successfully., Dara Padwo-Audick Director of Marketing & CommunicationsSuccessfully revamped the entire company's website and created a funnel for new user acquisition. Successfully grew the company's online following from 60 members to over 1000.

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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