Cloudfarming

Cloudfarming

Closed: Nov. 2022

About this raise

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.

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Investment Overview

Invested this round: $107,000

Deal Terms

Total Commitments

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

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

1.60X

Rev. Share %

2.30%

Company & Team

Company

Year Founded
2013
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Marblehead, Massachusetts
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Shawn Cooney
Title
Partner
Founder Name
Connie Cooney
Title
Partner

Financials

 Revenue
$0
 Cash on Hand
$0

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

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
11/11/2022 MainVest - $107,000 Revenue Share Funded RegCF
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Add to portfolio
Cloudfarming on MainVest 2022
Platform: MainVest
Security Type: Revenue Share

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Follow Cloudfarming on MainVest 2022

Buy Cloudfarming's Deal Report

Warning: according to the close date for this deal, Cloudfarming may no longer be accepting investments.

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