Overview

Raised to Date: Raised: $126,702

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Netcapital

Start Date

06/28/2023

Close Date

01/31/2024

Min. Goal

$10,002

Max. Goal

$1,234,998

Min. Investment

$99

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    

Price Per Share

$3.00

Pre-Money Valuation

$15,150,000

Rolling Commitments ($USD)

Status

Funded

Reporting Date

02/03/2024

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$587

Momentum

Funded

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Harvest Today

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

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.

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

Financials as of: 06/28/2023

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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