Cloudfarming

Farm

Overview

Raised to Date: Raised: $107,000

Total Commitments ($USD)

Platform

MainVest

Start Date

09/29/2022

Close Date

11/11/2022

Min. Goal

$100,000

Max. Goal

$107,000

Min. Investment

$100

Security Type

Revenue Share

Payment Schedule

Annually

Funding Type

RegCF

Return Multiple

1.60X

Rev. Share %

2.30%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

11/30/2022

Days Remaining
Funded
% of Min. Goal

107%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$2,488

# of Investors

28

Momentum
Funded
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Location

Marblehead, Massachusetts

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

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

$0

$0

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: 09/29/2022
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Cloudfarming on MainVest 2022
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Platform: MainVest
Security Type: Revenue Share

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