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Security Type
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CAFES
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Categories
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Technology, Sustainability, Social Impact, Agriculture, Retail, Food & Bev, Healthcare & Medical, Community & Lifestyle, Sports & Fitness
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Min Investment
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$250
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Expected Close Date
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April 30, 2023
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Target Raise
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$50.00K-$500.00K
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No. Investors
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60
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Security Price
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$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.
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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 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.