HiveTracks

HiveTracks

Early Stage

Bees as Biosensors to Track Biodiversity

Bees as Biosensors to Track Biodiversity

Overview

Raised this Round:
$68,912 - RegCF
$128,912 - Total

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/21/2023

Close Date

04/30/2023

Min. Goal
$50,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Valuation Cap

$7,500,000

Discount

15%

Year Founded

2011

Industry

Consumer Products, Goods & Services

Tech Sector

Biotech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

Creston, North Carolina

Business Type

High Growth

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

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

Financials as of: 02/21/2023
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HiveTracks on Wefunder 2023
Platform: Wefunder
Security Type: SAFE
Valuation: $7,500,000

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