iGrow Systems

iGrow Systems

Closed: Aug. 2020

About this raise

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.

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Investment Overview

Not Funded: $0

Deal Terms

Total Commitments ($USD)

Platform
Fundanna
Start Date
06/03/2020
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

Company & Team

Company

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
Company Website
Visit Website

Team

Employees
1
Founder Name
Itay Tayas Zamir
Title
CEO

Funding data not publicly available

Financials

 Revenue
$0
 Monthly Burn
$23,380
 Runway
0 months

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
08/26/2020 Fundanna $4,635,000 $0 Equity - Common Not Funded RegCF
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Add to portfolio
iGrow Systems on Fundanna
Platform: Fundanna
Security Type: Equity - Common
Valuation: $4,635,000
Price per Share: $0.10

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