Graze

Graze is raising funds on Dealmaker Securities. The company makes and sells fully autonomous electric lawnmowers for the landscaping industry. Graze electric lawnmowers help reduce labor costs, operator injuries, and fuel costs and increase mowing margins by five times. The mowers of Graze have a robust sensor suite and can safely self-navigate in and around commercial job sites. The business’ current customers include Dallas-Fort Worth Airport, RWE Energy, and Cincinnati/Northern Kentucky Airport, and it has secured reservations that project $6 million in annual recurring revenue by 2025. Logan Fahey and Buck Jordan founded Graze in December 2017. The current crowdfunding campaign has a minimum target of $5,099.19 and a maximum target of $3.7 million. The campaign proceeds will be used for research and development, sales and marketing, operations, and administration.

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Investment Overview

Raised this Round: Raised: $308,619

Deal Terms

Total Commitments ($USD)

Platform
DealMaker Securities
Start Date
10/10/2024
Close Date
02/28/2025
Min. Goal
$5,099
Max. Goal
$3,743,698
Min. Investment

$1,001

Security Type

Equity - Common

Series

Series C

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.63

Pre-Money Valuation

$10,739,208

Company & Team

Company

Year Founded
2017
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Santa Monica, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
15
Prior Founder Exits?
No
Founder Name
John Vlay
Title
CEO

Financials

as of December 30, 2022
 Revenue
$0
 Monthly Burn
$256,199
 Runway
0.4 months

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-3,074,385

$-7,593,092

Summary Balance Sheet

FY 2023 FY 2022

Cash

$20,162

$61,171

Accounts Receivable

$15,450

$12,185

Total Assets

$476,249

$108,486

Short-Term Debt

$0

$490,521

Long-Term Debt

$704,420

$73,050

Total Liabilities

$704,420

$563,571

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$18,080,735
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/28/2025 DealMaker Securities $10,739,208 $308,619 Equity - Common Active RegCF
05/22/2024 DealMaker Securities $25,000,000 $1,231,667 Equity - Common Funded RegCF
09/30/2022 Republic $60,000,000 - SAFE Funded RegD 506(c)
05/31/2022 Dalmore Group $27,574,760 $5,000,766 Equity - Preferred Funded RegA+
06/30/2021 StartEngine $23,000,000 $5,344,573 Equity - Preferred Funded RegA+
09/23/2020 SeedInvest $23,000,000 $4,076,610 Equity - Preferred Funded RegA+
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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.

Employee History

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Graze on Dealmaker Securities 2024
Platform: DealMaker Securities
Security Type: Equity - Common
Valuation: $10,739,208
Price per Share: $1.63

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Follow Graze on Dealmaker Securities 2024

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