Big Wheelbarrow
Early Stage
Supply chain software for grocers to buy from local farms
Overview
Raised: $82,149
Total Commitments ($USD)
Platform
Wefunder
Start Date
04/07/2022
Close Date
08/19/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
Convertible Note
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$10,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$618
# of Investors
110
Momentum
Funded
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Year Founded
2016
Industry
Logistics, Delivery, & Supply Chain
Tech Sector
AgriTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
Big Wheelbarrow, with a valuation of $10 million, is raising funds on Wefunder. The company has developed supply chain software for the grocers to buy from local farms. The solution is automating the manual business processes and enabling direct store delivery for producers, wholesalers, and retailers. Big Wheelbarrow has already conducted local food transactions worth $6.7 million and has a strong pipeline for 2022. Sam Eder founded Big Wheelbarrow in September 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for sales and marketing, product development, hiring a product manager, and setting up an office in Buffalo.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$79,116 |
$100,735 |
|
COGS |
$5,102 |
$5,849 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-12,533 |
$-271,344 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$18,295 |
$186,500 |
|
Accounts Receivable |
$23,305 |
$0 |
|
Total Assets |
$41,600 |
$186,500 |
|
Short-Term Debt |
$41,600 |
$66,500 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$41,600 |
$66,500 |
Financials as of: 04/07/2022
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