Aerobloom

Aerobloom

Early Stage

Smart farming technology

Smart farming technology

Overview

Raised to Date: Raised: $5,000,000

Total Commitments ($USD)

Platform

Equifund

Start Date

08/24/2022

Close Date

10/04/2022

Min. Goal
$25,000
Max. Goal
$5,000,000
Min. Investment

$500

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.37

Pre-Money Valuation

$16,110,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$125,000

Momentum
Funded
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Year Founded

2018

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Location

Long Beach, California

Business Type

Growth

Aerobloom, with a valuation of $16.11 million, is raising funds on Equifund CFP. It is an agriculture technology company that has developed a proprietary aeroponics cultivation technology to enable high-yield indoor growing. The technology and methodology of Aerobloom help increase the yield of indoor plants with minimal water, soil, chemical, and fertilizer requirements. As a result, the indoor growers get a scalable system for producing in-demand cash crops at market-competitive prices. Dale Devore founded Aerobloom in October 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $5,000,000. The campaign proceeds will be used for advertising and marketing, accounting expenses, and general working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$0

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$108,301

$1,268

Accounts Receivable

$59,523

$10,000

Total Assets

$1,609,445

$1,275,567

Short-Term Debt

$0

$0

Long-Term Debt

$59,523

$10,000

Total Liabilities

$59,523

$10,000

Financials as of: 08/24/2022
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Aerobloom on Equifund CFP 2022
Platform: Equifund
Security Type: Equity - Common
Valuation: $16,110,000
Price per Share: $0.37

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