Automed

Automed

Automatic system that calculates, administers, and records livestock medication treatments

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
Huxley, IA
Offering Date
March 02, 2019
Expected Close Date
May 31, 2019
Target Raise
$350.00K-$1.30M
Deal Notes

Interest Rate: 6%

Note Term: 24 months

Conversion Discount: 20%

Share Price: $0.25585

Company Description

Automatic system that calculates, administers, and records livestock medication treatmentsautomed is an automatic livestock medication system. With one single system, users can automatically calculate, deliver, and record livestock treatments, and effectively manage their operations. Powerful and easy to use, the automed system integrates easily with existing livestock tools and farm management systems. The automed device automatically calculates and delivers both fixed and weight based treatments simply by synchronizing with the automed app.automed serves the beef, pork, and sheep industries. It is focused on sustainably raising livestock with consumer confidence. It is more than just a delivery device, it is a complete solution. It is designed to automate the entire process of medicating livestock; dosing is just the beginning.

Perks

Invest $1,000 - All investors will receive a Vinty T-Shirt
Invest $2,500 - Receive a Vinty Polo Shirt, Vinty bottle, and either no commission on your next rental (car owners) or 20% off a one-day rental (renters - up to $150)
Invest $10,000 - Receive a Vinty Polo Shirt, hat, bottle, and either no commission on your next 3 rentals (car owners) or 50% off a one-day rental (renters - up to $600)
Invest $50,000 - All of the above (with a free 1-day classic car rental) plus a Private Online Q & A with Founders
Invest $100,000 - All of the above plus a Vinty swag bag and an invitation to a dinner with the founders in Los Angeles, and quarterly call with the CEO

Key Deal Facts

Established distribution across North America and Australia with distributors such as UFA, Neogen, and Practical Systems
Total sales to date $700,000; 175+ registered enterprises with a combined 376 farms (unaudited)
Registered trademarks in the U.S. and internationally with 14 U.S. and international patents granted and filed
Winner of Asia Pacific Information and Communications Technology Alliance Awards (APICTA) and at AIIA’s iAwards
Notable press from industry publications including Clay & Milk, Pork Business, and The Farm Weekly

Use of Proceeds

Marketing: 15% - 10%

Sales: 30% - 20%

Production: 10%

Operations/Salaries: 25%

R&D: 15% - 25%

Customer Onboarding: 5% - 10%

Management Team / Advisory Board Bios

David Edwards - CEO/Founder
David has a 23-year career in product and business development in the rail, mining, and agriculture industries. He is highly skilled in engineering and business, having designed and managed global projects across a number of industries. Before starting automed David was the Engineering and Operations Director for Kopex in Australia, who is part of the 4th largest underground mining equipment manufacturer globally.Since leaving Kopex in 2012, David has focused on his greatest passion, creating technology solutions for the global agricultural industry. With this passion, David has spent the last 6 years developing the automed solution for the livestock industry.Within automed David is the founding member of the company and oversees all strategic, business and technology development.

Samira Edwards - COO/Founder
Samira has valuable overseas experience in international business and finance. Her strong background and education include finance, accounting, human resources, and business. As co-founder of automed, Samira was instrumental in working with David to develop and implement the operational controls of the organization. She worked heavily on the growth and expansion of the company from Australia to the US. At automed, she is focused on global business development, financial management, risk management, plus designing and implementing business operations. Samira has a passion for enhancing company culture and promoting the vision of automed. 

Kathleen Gilman - CXO
Kathleen comes from an agriculture background. She was raised on her family’s commercial cow/calf operation in the midwest. She received her Bachelor's Degree in Animal Science with a minor in Agricultural Business from California Polytechnic University before proceeding to work for a registered cattle ranch and then the American Shorthorn Association.Since starting with automed Kathleen has worked directly with automed’s customers. She has been heavily involved with online support and training as well as on-site. Due to her direct contact with automed’s customers and knowing their needs, she also works with the development team with updating and supporting the automed apps and web portal.

Deal Notes

Interest Rate: 6%

Note Term: 24 months

Conversion Discount: 20%

Share Price: $0.25585

Amount Raised : $369,700
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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