Downland
Early Stage
The accelerator for regenerative farmers & ranchers
Overview
Raised: $0
Rolling Commitments ($USD)
Status
Active
Reporting Date
04/27/2024
Days Remaining
89
% of Min. Goal
0%
% of Max. Goal
0%
Likelihood of Max
Avg. Daily Raise
$0
Momentum
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Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
Downland, with a valuation of $5 million, is raising funds on Wefunder. It is an accelerator that gives new farmers and ranchers a head start. Downland trains farmers and ranchers, matches them with land for their operation, and earns income through a revenue share model. The business has signed letters of intent from twelve landowners, has over 200 ranching residency applicants on the waitlist, and generated $61,000 in farm product pre-sales. Jessi Roesch founded Downland in January 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $2 million. The campaign proceeds will be used for personnel, product development, marketing, and operations.
Summary Profit and Loss Statement
FY 2023 | FY 2022 | |
---|---|---|
Revenue |
$46,855 |
$932 |
COGS |
$0 |
$0 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$8,661 |
$-10,079 |
Summary Balance Sheet
FY 2023 | FY 2022 | |
---|---|---|
Cash |
$370 |
$13,974 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$45,173 |
$22,543 |
Short-Term Debt |
$26,044 |
$12,212 |
Long-Term Debt |
$16,957 |
$18,759 |
Total Liabilities |
$43,001 |
$30,971 |
Financials as of: 03/26/2024
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