Element Farms

Element Farms

Higher yield, lower costs: going beyond organic with hydroponic leafy greens

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Security Type
Convertible Note
Categories
Other
Min Investment
$250
Location
New York, NY
Offering Date
November 30, 2018
Expected Close Date
April 05, 2019
Target Raise
$500.00K
Deal Notes

5%interest

15%discount

$25K+pro rata right threshold

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $1.9M in the future.

Company Description

Element Farms is a technology-enabled produce company. Our customers tell us that we grow the best spinach in the world. We also grow a lot of other great salad greens. Our spinach is the best because it tastes better, it’s locally grown, it’s available all year, it’s pesticide-free, and it’s ultra fresh. Our greens are so fresh that we can get it from harvest to our customers’ shelves in under 24 hours.

Perks

Early Bird Term: Investors in the first $100,000 of this round will receive a valuation cap of $1,700,000.

Use of Proceeds

If we raise: $50,000

83% -- Materials and equipment for production scaling

10% -- Working capital

7% -- Wefunder intermediary fee

 

If we raise: $200,000

53% -- Materials and equipment for production scaling

30% -- Marketing

10% -- Working capital

7% -- Wefunder intermediary fee

 

If we raise: $500,000

18% -- Materials and equipment for production scaling

15% -- Marketing

40% -- Building a new, larger production facility

10% -- Hiring

10% -- Working capital

7% -- Wefunder intermediary fee

Management Team / Advisory Board Bios

Serdar Mizrakci - Founder and CEO
Serial Entrepreneur. Formerly founded robotics company. Managed product at HP.

Daniel Janeczko - CTO/Head Grower
Worked in pharmaceutical development and horticultural RandD. Expert in hydroponics, process design.

Deal Notes

5%interest

15%discount

$25K+pro rata right threshold

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $1.9M in the future.

Amount Raised : $0
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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