Bloomcatch

Bloomcatch

Closed: Apr. 2023

About this raise

Bloomcatch, with a valuation of $3 million, is raising funds on Wefunder. It is a one-stop-shop for plant parents that provides them with e-commerce, plant care, and identification in a single platform. The app connects plant sellers to buyers using API, helps in plant identification using AI, and shares plant care instructions and guidance from plant experts. Bloomcatch is led by an experienced team and is used all over the US. Raymond Magee founded Bloomcatch in May 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 marketing, software development, and employee salaries.

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Investment Overview

Not Funded: $18,300

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
04/20/2022
Close Date
04/30/2023
Min. Goal
$50,000
Max Goal
$250,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$3,000,000

Discount

25%

Company & Team

Company

Year Founded
2016
Industry
Consumer Products, Goods & Services
Tech Sector
Retailtech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Location
Centreville, Virginia
Business Type
Growth
Company Website
Visit Website

Team

Employees
3
Prior Founder Exits?
No
Founder Name
Raymond Magee
Title
CEO

Financials

 Revenue
$50
 Monthly Burn
$4,626
 Runway
0.2 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$50

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-55,515

$-103,725

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$980

$99

Accounts Receivable

$0

$0

Total Assets

$1,730

$849

Short-Term Debt

$41,341

$41,341

Long-Term Debt

$96,665

$44,915

Total Liabilities

$138,006

$86,256

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$50,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2023 Wefunder $3,000,000 $18,300 SAFE Not Funded RegCF
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Add to portfolio
Bloomcatch on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $3,000,000

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Follow Bloomcatch on Wefunder 2022

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

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