Element Farms
Early Stage
Higher yield, lower costs: going beyond organic with hydroponic leafy greens.
Overview
Raised: $360,663
Total Commitments ($USD)
Platform
Wefunder
Start Date
01/11/2019
Close Date
04/05/2019
Min. Goal
$50,000
Max. Goal
$500,000
Min. Investment
$250
Security Type
Convertible Note
SEC Filing Type
RegCF
Valuation Cap
$1,700,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2019
Days Remaining
Funded
% of Min. Goal
721%
% of Max. Goal
72%
Likelihood of Max
Funded
Avg. Daily Raise
$4,294
# of Investors
360
Momentum
Funded
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Year Founded
2017
Industry
Farming & Agriculture
Tech Sector
Location
New York, New York
"We’ve gone beyond organic to develop and optimize greenhouse technology to grow the best-tasting local and pesticide-free greens year-round. Our methods are sustainable, efficient, and produce 20x the yield per square foot than conventional farming. Spinach, our flagship product, is the most in-demand leafy green in the US and our current demand exceeds our supply. We’re raising funds to expand operations and bring more fresh leafy greens to more people."
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