Harvest Today

Harvest Today

Closed: Jan. 2024

About this raise

Harvest Today, with a valuation of $15.15 million, is raising funds on NetCapital. The company manufactures scalable systems to bring about radical changes in indoor food production. Harvest Today’s systems empower farmers to grow food hyper-locally using the Harvest Wall and keep the food nutrient-dense, sustainable, and environmentally responsible. Harvest Today has installed a Harvest Wall on every continent except Antarctica and has sales of $536,000 as of May 2023. Rick Langille founded Harvest Today in March 2021. The current crowdfunding campaign has a minimum target of $10,002 and a maximum target of $1.23 million. The campaign proceeds will be used for tooling, inventory, salaries, sales and marketing, and repayment of outstanding debt.

Expand

Investment Overview

Invested this round: $126,702

Deal Terms

Total Commitments

Platform
Netcapital
Start Date
06/29/2023
Close Date
01/31/2024
Min. Goal
$10,002
Max Goal
$1,234,998
Min. Investment

$99

Security Type

Equity - Common

Company Stage

Early Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$3.00

Pre-Money Valuation

$15,150,000

Company & Team

Company

Year Founded
2021
Industry
Farming & Agriculture
Tech Sector
Foodtech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
Low
Location
BROOMFIELD, Colorado
Business Type
Growth
Company Website
Visit Website

Team

Employees
7
Prior Founder Exits?
No
Founder Name
Rick Langille
Title
CEO

Financials

 Revenue
$526,000
as of FY2022
 Monthly Burn
$56,035
as of FY2022
 Runway
0.9 months
as of FY2022
 Gross Margin
44%
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$453,708

$19,811

COGS

$253,789

$30,703

Tax

$0

$0

 

 

Net Income

$-672,420

$-482,950

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,528

$0

Accounts Receivable

$38,052

$0

Total Assets

$948,893

$608,045

Short-Term Debt

$220,853

$8,248

Long-Term Debt

$168,818

$100,000

Total Liabilities

$389,671

$108,248

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$927,616
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
01/31/2024 Netcapital $15,150,000 $126,702 Equity - Common Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Founder Interview

Sowing the Seeds for the Future of Vertical Farming with Harvest Today

In the last decade, a few companies took on the challenge of growing greens indoors and in cities. But the path to profitability has been tedious for most vertical farming businesses.

Without giving up on the dream to grow fresh, nutritious, and local greens, Harvest Today is a vertical farming startup dedicated to reaching profitability by learning from the mistakes of the firstcomers in the vertical farming market. Harvest Today's wall has a higher crop density than most competitors. The company focuses on a sustainable business model to grow efficiently and serve customers who need the most vertical farming products: prisons, schools, and underserved communities. 

We contacted Rick Langille, founder, and CEO of Harvest Today, to learn more about his passion for vertical farming and his vision for the company.

Read Founder Interview

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
Harvest Today on NetCapital 2023
Platform: Netcapital
Security Type: Equity - Common
Valuation: $15,150,000
Price per Share: $3.00

Follow company

Follow Harvest Today on NetCapital 2023

Buy Harvest Today's Deal Report

Warning: according to the close date for this deal, Harvest Today may no longer be accepting investments.

Harvest Today Deal Report

Get Kingscrowd's comprehensive report on Harvest Today including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Harvest Today is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Harvest Today deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge