Harvest Today
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.
Investment Overview
Invested : $126,702
Deal Terms
Total Commitments
- Platform
- Netcapital
- Start Date
- 06/29/2023
- Close Date
- 01/31/2024
$10,002
$1,234,998
$99
Equity - Common
Early Stage
RegCF
$3.00
$15,150,000
Company & Team
Company
- Year Founded
- 2021
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Low
- Capital Intensity
- Low
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
Upgrade to gain access
-
$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
Edge
Ratings 
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 |
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.