iGrow Systems
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.
Investment Overview
Not Funded: $0
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
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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 |