GrassTB

Early Stage

Revolutionize the way we produce paper products to help planet Earth for generations to come.

Analytics

Raised to Date: Raised: $73,060

Aggregate Commitments $

Platform

Wefunder

Start Date

12/16/2021

Close Date

04/20/2022

Min. Goal

$50,000

Max. Goal

$250,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$5,000,000

Discount Rate

30%

Rolling Commitments $

Status
Funded
Reporting Date

04/30/2022

Days Remaining
Funded
% of Min. Goal

146%

% of Max. Goal

29%

Likelihood of Max
Funded
Avg. Daily Raise

$584

Momentum
Funded
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Location

La Salle, Colorado

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Business Type

Life Style

GrassTB, with a $5M valuation, is raising funds on Wefunder. The company is revolutionizing the way we make paper by making paper from grass instead of trees. Grass replenishes itself much faster while trees used to make paper take 15 years from seed to mature before it is harvested. Grass cost at least 40% less than trees to acquire, produce, and maintain. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $250,000. Bao Ho founded GrassTB in 2019. The campaign proceeds will be used to pay shipping charges and tariffs to get the machines that have been ordered, employees/workers, machine inventory and operating expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-103,314

$-150

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$44,936

$17,250

Accounts Receivable

$0

$0

Total Assets

$101,986

$20,000

Short-Term Debt

$50,000

$20,000

Long-Term Debt

$0

$0

Total Liabilities

$50,000

$20,000

Financials as of: 12/16/2021
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GrassTB on Wefunder 2021
$
Platform: Wefunder
Security Type: Convertible Note
Valuation: $5,000,000

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