Biodel AG

Biodel AG

Closed: Jan. 2023

About this raise

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.

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Investment Overview

Invested this round: $145,181

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
08/25/2022
Close Date
01/20/2023
Min. Goal
$50,000
Max Goal
$1,500,000
Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$25,000,000

Discount

20%

Company & Team

Company

Year Founded
2015
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Maricopa, Arizona
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Ben Cloud
Title
CEO

Financials

 Revenue +69% YoY
$372,565
 Monthly Burn
$20,916
 Runway
3.2 months
Gross Margin
56%

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

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Ratings Kingscrowd Startup Rating Methodology Article

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Analyst Report Analyst Report Methodology Article

Moonshot companies are tricky to evaluate. By definition, moonshots are bold, audacious, innovative attempts to solve massive problems. And if the solution is successful, it can be immensely profitable for investors and beneficial for society.

Moonshots are also incredibly risky. Such innovative solutions are difficult to build. And often, it takes a long time before society adopts a moonshot solution. It’s hard to overcome decades of doing something the same way.

That’s why timing is incredibly important when investing in moonshots. We know that many early stage moonshot companies are at least a decade away from succeeding. Investing in them often means waiting a long time before seeing any returns.

But every now and then, a moonshot company arrives on the scene at precisely the right moment — when a problem is so big and pressing that the world needs to adopt a working solution right away. And if a moonshot company has a working solution — and clear pathway to growth and monetization — that dramatically reduces the company’s risk profile and makes it extremely attractive to startup investors.

We believe Biodel AG is one of these special moonshot companies.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$2,936,338
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/20/2023 Wefunder $25,000,000 $145,181 Convertible Note Funded RegCF
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Founder Profile

Biodel AG Founder Ben Cloud on How Bacteria is Revitalizing Soil

Bacteria are one of the most overlooked forms of life on Earth. But despite their size, they have big jobs and are an important part of our ecosystem. Among these ecosystem supporters are cyanobacteria. They are part of a group called autotrophs, meaning they produce their own energy via photosynthesis. 

Biodel AG is harnessing the power of these amazing little organisms to bring sustainability and soil regeneration into agriculture. We spoke with founder and CEO Ben Cloud about the potential of its soil additive to revitalize farmland. 

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview

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Add to portfolio
Biodel AG on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $25,000,000

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Warning: according to the close date for this deal, Biodel AG may no longer be accepting investments.

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