Cloudfarming
Farm
Overview
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
$100
Security Type
Revenue Share
Payment Schedule
Annually
SEC Filing Type
RegCF
Return Multiple
1.60X
Rev. Share %
2.30%
Rolling Commitments ($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
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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