Future Acres (2021)
About this raise
Future Acres, with a pre-money valuation of $7 million, is raising crowdfunding on SeedInvest through Reg A+ crowdfunding. 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. Suma Reddy founded Future Acres in 2017 and has raised over $500,000 in previous rounds of financing. The current crowdfunding round has a minimum raise of $500,000 and a maximum raise of $3,000,000, and the funds will be used for product development, payroll, marketing, and general and administrative expenses. Future Acres is backed by Wavemaker Partners, a global venture capital company, and led by an experienced and passionate team.
Investment Overview
Invested : $1,518,618
Deal Terms
Total Commitments
- Platform
- SeedInvest
- Start Date
- 04/21/2021
- Close Date
- 10/10/2021
$500,000
$3,000,000
$999
Equity - Preferred
Early Stage
RegA+
$1.66
$7,000,000
Company & Team
Company
- Year Founded
- 2017
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $480,437
- VC Backed?
- Yes
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Future Acres | 05/05/2023 | Dalmore Group | $9,861,993 | $67,801 | Equity - Common | Funded | RegA+ |
| Future Acres | 10/10/2021 | SeedInvest | $7,000,000 | $1,518,618 | Equity - Preferred | Funded | RegA+ |
| Future Acres | 04/21/2021 | SeedInvest | $7,000,000 | $341,333 | Equity - Preferred | Funded | Test the Waters |
| Hitch Robotics | 02/17/2020 | SeedInvest | $10,000,000 | $0 | Convertible Note | Not Funded | RegCF / RegD 506(c) |
| Hitch | 11/25/2019 | SeedInvest | $10,000,000 | $206,000 | Convertible Note | Not Funded | RegCF / RegD 506(c) |
Growth Charts
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.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.