Autonomous farm tools of tomorrow

Analytics

Raised to Date: Raised: $341,333

Aggregate Commitments $

Platform

SeedInvest

Start Date

02/23/2021

Close Date

04/21/2021

Min. Goal

$500,000

Max. Goal

$3,000,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

Test the Waters

Pre-Money Valuation

$7,000,000

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2021

Days Remaining
Funded
% of Min. Goal

68%

% of Max. Goal

11%

Likelihood of Max
Funded
Avg. Daily Raise

$5,988

Momentum
Funded
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Location

Santa Monica, California

Industry

Farming & Agriculture

Tech Sector

AgriTech

Future Acres, with a pre-money valuation of $7 million, is testing the waters 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.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Future Acres 06/08/2023 Dalmore Group $9,861,993 $45,002 Equity - Common Active 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)
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Future Acres on SeedInvest
$
Platform: SeedInvest
Security Type: Equity - Preferred
Valuation: $7,000,000
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