iGrow Systems

iGrow Systems

Early Stage

Automated UltraSonic Fog Growing System for Home & Commercial

Automated UltraSonic Fog Growing System for Home & Commercial

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Fundanna

Start Date

06/02/2020

Close Date

08/26/2020

Min. Goal
$10,000
Max. Goal
$500,000
Min. Investment

$300

Security Type

Equity - Common

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.10

Pre-Money Valuation

$4,635,000

Year Founded

2018

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

AgriTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Miami Beach, Florida

Business Type

Life Style

iGrow Systems, with a pre-money valuation of $4.6 million, is raising funds on Fundanna. The company’s patent-pending technology allows users to cultivate high-quality cannabis at home. The system is fully automated and uses ultrasonic and fogponic technology. The high-end Grow Box enables cannabis to be of top quality and grow faster. iGrow Systems was founded by Itay Zamir in 2018. The current round of crowdfunding of the company has a minimum goal of $10,000 and a maximum goal of $500,000, and the funds will be used for product development, manufacturing, marketing, events and travel, and hiring. iGrow Systems has developed the first fully automated grow-box for cannabis that helps to grow cannabis in less space, with less water, and higher yield.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-280,557

$-28,080

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$1,080

$2,269

Accounts Receivable

$0

$0

Total Assets

$4,552

$5,711

Short-Term Debt

$104,868

$15,000

Long-Term Debt

$0

$0

Total Liabilities

$104,868

$15,000

Financials as of: 06/02/2020
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iGrow Systems on Fundanna
Platform: Fundanna
Security Type: Equity - Common
Valuation: $4,635,000
Price per Share: $0.10

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