HiveTracks
Bees as Biosensors to Track Biodiversity
Overview
$128,912 - Total
Rolling Commitments ($USD)
04/30/2023
$1,029
121
2011
Consumer Products, Goods & Services
Biotech
B2B
High
Low
Summary Profit and Loss Statement
FY 2021 | FY 2020 | |
---|---|---|
Revenue |
$167,716 |
$66,518 |
COGS |
$42,408 |
$19,300 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-236,558 |
$-78,533 |
Summary Balance Sheet
FY 2021 | FY 2020 | |
---|---|---|
Cash |
$52,464 |
$24,420 |
Accounts Receivable |
$0 |
$0 |
Total Assets |
$571,431 |
$66,643 |
Short-Term Debt |
$148,530 |
$2,209 |
Long-Term Debt |
$643,644 |
$48,619 |
Total Liabilities |
$792,174 |
$50,828 |
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Founder Profile
HiveTracks Founder Max Rünzel on Bees and Biodiversity Management
Biodiversity — or the tremendous variety of life on Earth — is an important indicator of the health of our planet. All the plants, animals, insects and microorganisms that exist all around us must maintain a delicate balance in order to survive. Measuring biodiversity is crucial for us to understand how to best care for our environment.
HiveTracks is doing its part to make biodiversity measurement a reality. The company harnesses the power of honey bees — which can detect and respond to environmental and climate impacts earlier than humans can — to gather data on the environment. Beekeepers can use the HiveTracks app to monitor the health of their hives, gather data on local plant life, and more. KingsCrowd reached out to HiveTracks CEO and co-founder Max Rünzel to learn more about how the company is helping to gather essential environment data — one bee at a time.
Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.