HiveTracks
Early Stage
Bees as Biosensors to Track Biodiversity
Overview
Raised: $51,258
Total Commitments ($USD)
Platform
Wefunder
Start Date
02/22/2023
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
Valuation Cap
$7,500,000
Discount
15%
Rolling Commitments ($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
Create a free account today to gain access to KingsCrowd analytics.
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
Create a free account today to gain access to KingsCrowd analytics.
Upgrade to gain access
Pay Monthly
Annually (Save 17%)
-
$12.42 /month
billed annually - Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
- Plan Includes:
- Everything in Free, plus
- Company specific
KingsCrowd ratings (excluding risk)
- Advanced company search ( with ratings)
- Markets page filters and historical industry data
- Get Edge Annual
Edge
-
$41.58 /month
billed annually - Full site access including KingsCrowd's qualitative analyst reports.
- Plan Includes:
- Everything in Edge, plus
- Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
- Search and filter based on Analyst Reports
- In-depth risk ratings for every raise
- Get Edge Pro Annual
Edge Pro
Already a member? Log in here.
Ratings 
Wall Street has Morningstar, S&P, and Bloomberg
The equity crowdfunding market has KingsCrowd.
Are you the founder of HiveTracks? Create your account today to claim this raise page.