Boundless Robotics

Boundless Robotics

Early Stage

Empowering busy adults to effortlessly grow cannabis “automagically” at home

Empowering busy adults to effortlessly grow cannabis “automagically” at home

Overview

Raised this Round: Raised: $403,850

Total Commitments ($USD)

Platform

Wefunder

Start Date

09/11/2022

Close Date

12/16/2022

Min. Goal
$250,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$10,000,000

Valuation Cap

$12,000,000

Discount

20%

Year Founded

2019

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AgriTech

Distribution Model

B2C

Margin

Low

Capital Intensity

High

Location

Boston, Massachusetts

Business Type

Growth

Boundless Robotics, with a valuation of $12 million, is raising funds on Wefunder. The company has developed an AI-enabled device for growing cannabis automagically. The device, Annaboto, is capable of growing two ounces of high-quality and pesticide-free cannabis every 90 days and just needs the press of a button and weekly water changes. The device works on artificial intelligence, robotics, and hydroponics and comes with an intuitive and user-friendly mobile app. Carl Palme founded Boundless Robotics in September 2019. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $1 million. The campaign proceeds will be used for tooling, inventory, marketing, and working capital.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,495

$599

COGS

$1,608

$0

Tax

$0

$0

 

 

Net Income

$-365,233

$-15,202

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$328,735

$3,845

Accounts Receivable

$0

$0

Total Assets

$405,796

$3,845

Short-Term Debt

$17,437

$4,776

Long-Term Debt

$755,000

$0

Total Liabilities

$772,437

$4,776

Financials as of: 09/11/2022
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Boundless Robotics on Wefunder 2022
Platform: Wefunder
Security Type: SAFE
Valuation: $12,000,000

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