GreenLifeTech

Early Stage

We're developing a fresh produce preservation system to extend shelf life by 5x

Analytics

Raised to Date: Raised: $265,682

Aggregate Commitments $

Platform

Wefunder

Start Date

06/24/2021

Close Date

10/22/2021

Min. Goal

$250,000

Max. Goal

$400,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$3,050,000

Discount Rate

16%

Rolling Commitments $

Status

Active

Reporting Date

09/18/2021

Days Remaining

34

% of Min. Goal

106%

% of Max. Goal

66%

Likelihood of Max
possible
Avg. Daily Raise

$3,089

Momentum
warm
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Location

Banner Elk, North Carolina

Industry

Consumer Products, Goods & Services

Tech Sector

Foodtech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Growth

GreenLifeTech, with a valuation cap of $3.3 million, is raising funds on Wefunder. The company is developing a system to extend the shelf life of fresh fruit and vegetables by five times. The system, FreshDefend, improves food quality, saves costs, and extends the consumable life of fresh produce by removing oxygen. Bruce Roesner founded GreenLifeTech in October 2020. The proceeds of the current crowdfunding round, with a minimum target of $250,000 and a maximum target of $400,000, will be used for product development, business development, and legal fees. GreenLifeTech aims to improve food quality, lifestyles and diets, while dealing with food wastage environmental issues, overflow landfills, and wasted land and water.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-16,409

$0

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$14,091

$0

Accounts Receivable

$0

$0

Total Assets

$14,091

$0

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 06/24/2021
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