About this raise: GroGuru, with a valuation of $14.7 million, is raising funds on Wefunder. The company is helping farmers by using sustainable ways to increase crop yield and reduce the consumption of water and other resources. GroGuru implements strategic irrigation management and uses soil sensors to measure soil salinity, temperature, and moisture. GroGuru has a patented technology and has deployed over 2,000 sensors across more than 80 customers in the US. Patrick Henry, Farooq Anjum, and Jeff Campbell founded GroGuru in June 2014. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $4,044,909. The campaign proceeds will be used for marketing, product development, and general and administrative expenses.
Investment Overview
Invested : $581,723
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 02/07/2022
- Close Date
- 09/27/2022
$100,000
$4,044,909
$250
Equity - Preferred
Seed
RegCF
$0.11
$12,040,622
$14,716,316
Company & Team
Company
- Year Founded
- 2014
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
- Revenue -8.3% YoY
- $617,986
- Monthly Burn
- $242,673
-
Runway
- 2 months
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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.