Farm to Flame Energy

Early Stage

Renewable on-site electricity at half the cost of diesel

Analytics

Raised to Date: Raised: $311,857

Aggregate Commitments $

Platform

Wefunder

Start Date

08/16/2022

Close Date

04/30/2023

Min. Goal

$50,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$10,500,000

Discount Rate

20%

Rolling Commitments $

Status

Active

Reporting Date

09/25/2022

Days Remaining

217

% of Min. Goal

624%

% of Max. Goal

78%

Likelihood of Max
extremely
Avg. Daily Raise

$7,796

Momentum
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Location

Syracuse, New York

Industry

Energy, Power, & Natural Resources

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Farm to Flame Energy, with a valuation of $10.5 million, is raising funds on Wefunder. The company has developed a patented combustion process that uses biomass waste to make electricity. The process is used in smokeless and odorless generators to provide electricity for commercial buildings. Farm to Flame Energy has signed a letter with Georgia-Pacific that produces 10% of US woody biomass electricity and has signed a contract to deploy a commercial unit to Think and Grow Farms Greenhouse in New Jersey. Kwaku Jyamfi and Stefano Alva founded Farm to Flame Energy in June 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $400,000. The campaign proceeds will be used for equipment, labor, and general administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$36,434

$-3,603

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$191,878

$804

Accounts Receivable

$0

$0

Total Assets

$306,256

$804

Short-Term Debt

$9,988

$6,176

Long-Term Debt

$267,206

$2,000

Total Liabilities

$277,194

$8,176

Financials as of: 08/16/2022
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Farm to Flame Energy on Wefunder 2022
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Platform: Wefunder
Security Type: Convertible Note
Valuation: $10,500,000

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