Biodel AG

Early Stage

Proprietary Solutions to Restore Soil Health, Save Water & Sequester CO2

Analytics

Raised to Date: Raised: $86,100

Aggregate Commitments $

Platform

Wefunder

Start Date

08/25/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$1,500,000

Min. Investment

$250

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$25,000,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/24/2022

Days Remaining

218

% of Min. Goal

172%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$2,870

Momentum
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Location

Maricopa, Arizona

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Growth

Biodel AG, with a valuation of $25 million, is raising funds on Wefunder. The company manufactures a unique product used to restore soil health and transition agricultural lands to regenerative practices. The product, Sequester, rapidly restores the capability of microbial biomass in the soil to mitigate climate change and save water. Biodel AG has five awarded patents and 12 patent applications in process and reported a 140% revenue growth year-over-year. Ben Cloud founded Biodel AG in July 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1,500,000. The campaign proceeds will be used for marketing, product development, plant and equipment, and salaries.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$372,565

$220,004

COGS

$162,633

$100,885

Tax

$4,469

$50

 

 

Net Income

$-250,988

$-348,058

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$67,592

$4,998

Accounts Receivable

$49,581

$4,600

Total Assets

$1,797,782

$1,424,850

Short-Term Debt

$496,130

$487,188

Long-Term Debt

$197,655

$5,000

Total Liabilities

$693,785

$492,188

Financials as of: 08/25/2022
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Biodel AG on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $25,000,000

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