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Future Acres

Future Acres

Early Stage

Autonomous farm tools of tomorrow

Overview

Raised to Date: Raised: $67,801

Total Commitments ($USD)

Platform

Dalmore Group

Start Date

06/07/2022

Close Date

Not Provided

Min. Goal
$499
Max. Goal
$5,000,000
Min. Investment

$499

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegA+    Open SEC Filing

Price Per Share

$1.87

Pre-Money Valuation

$9,861,993

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2023

% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$205

# of Investors

66

Momentum
Funded
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Year Founded

2017

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Location

Santa Monica, California

Business Type

Growth

Future Acres is raising funds through Reg A+ crowdfunding with Dalmore Group as the Broker Dealer. The company is developing an autonomous farm tool called Carry. Carry finds rows, goes to pickers, waits for the crop to be loaded, and transports the load from the rows to their destination. The aim of Future Acres is to build autonomous robotic solutions to automate the production of specialty crops. Suma Reddy founded Future Acres in 2017. The current crowdfunding campaign has a maximum target of $5,000,000. The campaign proceeds will be used for product development, personnel, and general overhead.

Balance Sheet

Cash and Cash Equivalents

$2,201

Total Assets

$2,201

Accounts Payable & Accrued Liabilities

$555,662

Long Term Debt

$217,052

Total Liabilities

$772,714

Total Stockholders' Equity

$-770,513

Total Liabilities and Equity

$2,201

Statement of Comprehensive Income Information

Net Income

$-2,083,436

Earnings Per Share - Basic

$-2.38

Earnings Per Share - Diluted

$-2.38

Auditor: Artesian CPA
Financials as of: 06/07/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Future Acres 05/04/2023 Dalmore Group $9,861,993 $67,801 Equity - Common Funded RegA+
Future Acres 10/09/2021 SeedInvest $7,000,000 $1,518,618 Equity - Preferred Funded RegA+
Future Acres 04/20/2021 SeedInvest $7,000,000 $341,333 Equity - Preferred Funded Test the Waters
Hitch Robotics 02/16/2020 SeedInvest $10,000,000 $0 Convertible Note Not Funded RegCF / RegD 506(c)
Hitch 11/24/2019 SeedInvest $10,000,000 $206,000 Convertible Note Not Funded RegCF / RegD 506(c)
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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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Future Acres on Dalmore Group 2022
Platform: Dalmore Group
Security Type: Equity - Common
Valuation: $9,861,993
Price per Share: $1.87

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Follow Future Acres on Dalmore Group 2022

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