HiveTracks

Early Stage
Bees as Biosensors to Track Biodiversity
Overview
Raised: $51,258
Rolling Commitments ($USD)
Status
Active
Reporting Date
03/23/2023
Days Remaining
38
% of Min. Goal
103%
% of Max. Goal
4%
Likelihood of Max
Avg. Daily Raise
$1,768
# of Investors
81
Momentum
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Year Founded
2011
Industry
Consumer Products, Goods & Services
Tech Sector
Biotech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
HiveTracks, with a valuation of $7.5 million, is raising funds on Wefunder. The company has developed the technology to use bees as biosensors to track biodiversity. The HiveTracks technology is, thus, solving the scalability problem in biodiversity data with its data-driven innovation, along with providing more information related to disease tracking, climate factors, air quality and pollution, and local flowering patterns. HiveTracks has a beekeeper community of more than 20,000, with over 225,000 tracked hives. Max Runzel, James Wilkes, and Laura Dye founded HiveTracks in February 2011. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1.24 million. The campaign proceeds will be used for human resources, sales and marketing, and general and administrative expenses.
Summary Profit and Loss Statement
Most Recent Year | Prior Year | |
---|---|---|
Revenue |
$167,716 |
$66,518 |
COGS |
$42,408 |
$19,300 |
Tax |
$0 |
$0 |
| ||
| ||
Net Income |
$-236,558 |
$-78,533 |
Summary Balance Sheet
Most Recent Year | Prior Year | |
---|---|---|
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 |
Financials as of: 02/22/2023
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