Calyx Cultivation Tech
About this raise
Calyx Cultivation Tech, with a valuation cap of $5.9 million, is raising funds on WeFunder. The company has created a patented AI-powered grow light that helps to control and regulate plant growth. The grow light has different spectrums and antifungal capabilities to harness all aspects of the growth cycle of plants. Calyx Cultivation Tech was founded by John C Higgins in June 2018 and has raised over $1.2 million since its inception. The current round of crowdfunding has a minimum goal of $150,000 and a maximum goal of $1,000,000, and the funds will be used towards sales, marketing, business development, raw materials, and working capital. Calyx Cultivation Tech is developing a groundbreaking technology that will revolutionize the farming and agriculture industry.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 02/20/2020
- Close Date
- 08/16/2020
$50,000
$1,000,000
$100
SAFE
Early Stage
RegCF
$5,900,000
10%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- High
Financials
-
Revenue
- $27,916
- Monthly Burn
- $31,896
-
Runway
- 0 months
- Gross Margin
- 50%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/16/2020 | Wefunder | $5,900,000 | $0 | SAFE | Not Funded | RegCF |
