First Crop
About this raise
First Crop, with a pre-money valuation of $13.44 million, is raising funds on MicroVentures. The company makes and sells its branded CBD-based products in the consumer health and wellness space. It also offers CBD oil extraction and hemp processing services for a fee. David Weir, Jane Pinto, and David Armstrong founded First Crop in March 2019. The proceeds of the current crowdfunding campaign, with a minimum goal of $50,000 and a maximum goal of $1,070,000, will be used towards marketing, R&D, manufacturing, and general & administrative expenses. First Crop reported a 508% growth in monthly net revenue from September 2020 to February 2021. The company brought 24 new products to the market in the third and fourth quarters of 2020.
Investment Overview
Invested : $176,142
Deal Terms
Total Commitments
- Platform
- Microventures
- Start Date
- 04/13/2021
- Close Date
- 09/13/2021
$50,000
$1,070,000
$100
Equity - Preferred
Early Stage
RegCF
$1.00
$10,755,456
$13,444,320
Company & Team
Company
- Year Founded
- 2019
- Industry
- Healthcare & Pharmaceuticals
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 09/13/2021 | Microventures | $13,444,320 | $176,142 | Equity - Preferred | Funded | RegCF |