GreenLifeTech
Early Stage
We're developing a fresh produce preservation system to extend shelf life by 5x
Overview
Raised: $293,098
Total Commitments ($USD)
Platform
Wefunder
Start Date
06/23/2021
Close Date
11/18/2021
Min. Goal
$250,000
Max. Goal
$400,000
Min. Investment
$100
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$2,720,000
Valuation Cap
$3,050,000
Discount
16%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
11/29/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,994
# of Investors
113
Momentum
Funded
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Year Founded
2020
Industry
Consumer Products, Goods & Services
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
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: 06/23/2021
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