AgTechLogic

AgTechLogic

Early Stage

Accelerating Precision Ag Technology

Accelerating Precision Ag Technology

Overview

Raised this Round: Raised: $124,349

Total Commitments ($USD)

Platform

StartEngine

Start Date

10/31/2021

Close Date

04/27/2022

Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment

$300

Security Type

Equity - Common

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$5.00

Pre-Money Valuation

$6,000,000

Year Founded

2021

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Mesa, Arizona

Business Type

Growth

AgTechLogic, with a valuation of $6 million, is raising funds on StartEngine. The company is developing and accelerating precision agriculture technology to improve growing food. The technology will also help in protecting the resources, reducing the amount of herbicides, and increasing the profitability of farmers. The advanced sensor technology of AgTechLogic reduces chemical usage by up to 90%, thus impacting farmers’ profits, soil health, and food insecurities. Thomas Gauthier founded AgTechLogic in September 2021. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $1,070,000. The campaign proceeds will be used for research and development, app development, and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$31,095

$0

COGS

$14,040

$0

Tax

$0

$0

 

 

Net Income

$-30,719

$-6,876

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$32,485

$0

Accounts Receivable

$-1,720

$0

Total Assets

$76,098

$0

Short-Term Debt

$140,773

$36,677

Long-Term Debt

$0

$0

Total Liabilities

$140,773

$36,677

Financials as of: 10/31/2021
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AgTechLogic on StartEngine 2021
Platform: StartEngine
Security Type: Equity - Common
Valuation: $6,000,000
Price per Share: $5.00

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