HydroArtPod

AI-driven indoor garden to grow organic produce in your home

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Security Type
CAFES
Categories
Technology, Sustainability, Social Impact, Agriculture, Retail, Food & Bev, Healthcare & Medical, Community & Lifestyle, Sports & Fitness
Min Investment
$250
Location
Middletown, DE
Expected Close Date
April 30, 2023
Target Raise
$50.00K-$500.00K
No. Investors
60
Security Price
$1
Number of Employees
1
Cash
$23,556
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$194,714
Net Income
$-88,569

Company Description

💰 Raised $210K already, including sustainability-focused accelerator (BP joint venture)
💥 3000+ signups & 130+ deposit-paid reservations within first 4 weeks
🔎 Manufacturing partner identified & ready to tool up for production
🌱 60% margin on subscriptions for consumables
📌 Up to 60% of US households now grow food at home since start of the pandemic
📈 $17B addressable market, with global hydroponics market growing at 22% CAGR to 2025

Management Team / Advisory Board Bios

Aline Pate Co-founder & Product DirectorInventor of the HydroArtPod. Background in real estate investment before specializing in sustainable real estate. Combines a strong passion for sustainability with keen eye for technology-driven design. Holds a Masters in Finance & Financial Law., Richard Pate Founder & CEO20+ years of leadership across aviation, professional services and military sectors. Background includes developing CX for hard and soft products, delivering enterprise-level technology implementation, driving organizational performance.
Amount Raised : $100,000
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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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