Biodel AG
Early Stage
Proprietary Solutions to Restore Soil Health, Save Water & Sequester CO2
Analytics
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
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
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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Analyst Report
Pending Review