Cloudfarming

Cloudfarming

Farm

Farm

Overview

Raised to Date: Raised: $107,000

Total Commitments ($USD)

Platform

MainVest

Start Date

09/28/2022

Close Date

11/10/2022

Min. Goal
$100,000
Max. Goal
$107,000
Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Annually

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Rev. Share %

2.30%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/29/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$2,488

# of Investors

28

Momentum
Funded
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Year Founded

2013

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Marblehead, Massachusetts

Business Type

Growth

Cloudfarming is raising funds on MainVest. It is a farm in Boston, MA, that specializes in Controlled Environment Agriculture. The business uses controlled temperature, LED lighting, and automated water flow to grow 20 varieties of heirloom lettuce, kale, basil, chard, arugula, mustard greens, and a variety of herbs inside recycled shipping containers. The farm is also licensed to grow industrial hemp in Boston and maintains high standards of purity, potency, and transparency. Shawn and Connie Cooney founded Cloudfarming in April 2013. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $107,000. The campaign proceeds will be used for operating capital, renovation, salaries, design services, and R&D.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-62,030

$-66,465

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 09/28/2022
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Cloudfarming on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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