Growth Stage

Tunnel-boring technology

Tunnel-boring technology


Raised this Round: Raised: $3,346,521

Total Commitments ($USD)



Start Date


Close Date


Min. Goal
Max. Goal
Min. Investment


Security Type

Equity - Common



SEC Filing Type

RegCF    Open SEC Filing

Price Per Share


Pre-Money Valuation


Year Founded



Energy, Power, & Natural Resources

Tech Sector


Distribution Model




Capital Intensity



Richmond, California

Business Type


EarthGrid, with a valuation of $60 million, is raising funds on NetCapital. The company has designed its tunnel-boring technology to create an underground network of tunnels. The technology of EarthGrid aims to create a network of underground utility tunnels bored by a plasma tunnel boring robot, making the process faster, more efficient, and less costly. EarthGrid works on Boring and Drilling as a Simple Service (B.A.D.A.S.S.) and Build Own Operate & Maintain (B.O.O.M.) model to eliminate fossil fuels and offer ultra-high-speed Internet, sustainable clean water, transportation, and delivery services. Troy Helming and Scott Lane founded EarthGrid in September 2016. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $5 million. The campaign proceeds will be used for the tunnel boring machine, plant equipment, and compensation for managers.

Summary Profit and Loss Statement

FY 2022 FY 2021












Net Income



Summary Balance Sheet

FY 2022 FY 2021




Accounts Receivable



Total Assets



Short-Term Debt



Long-Term Debt



Total Liabilities



Financials as of: 11/13/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
EarthGrid 07/25/2024 Netcapital $80,412,096 $30,030 Equity - Common Active RegCF
EarthGrid 08/30/2023 Netcapital $60,006,000 $3,346,521 Equity - Common Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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EarthGrid on NetCapital 2022
Platform: Netcapital
Security Type: Equity - Common
Valuation: $60,006,000
Price per Share: $4.38

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