Overview
Raised: $702,108
Total Commitments ($USD)
Platform
Dalmore Group
Start Date
02/01/2022
Close Date
04/30/2022
Min. Goal
$80,000
Max. Goal
$4,300,000
Min. Investment
$750
Security Type
SAFE
Series
Seed
SEC Filing Type
RegCF
Valuation Cap
$23,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$7,979
# of Investors
282
Momentum
Funded
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Year Founded
2011
Industry
Consumer Products, Goods & Services
Tech Sector
Hardwaretech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Irrigreen, with a valuation of $23 million, is raising funds on Dalmore Group. The company has developed a revolutionary water sprinkler system that helps save 50% more water than traditional systems. The Digital Sprinkler Head of Irrigreen spreads water according to the shape of the landscaping, hence eliminating wastage. Irrigreen’s technology is IP-protected with six granted patents. The company has reported over 300 installations since its product launch. Shane Dyer founded Irrigreen in 2011. The current crowdfunding campaign has a minimum target of $80,000 and a maximum target of $4,300,000. The campaign proceeds will be used to grow the product line and expand into commercial landscaping.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$162,377 |
$75,063 |
|
COGS |
$118,379 |
$56,565 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-947,484 |
$-583,813 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$419,927 |
$403,295 |
|
Accounts Receivable |
$112,795 |
$8,323 |
|
Total Assets |
$818,212 |
$512,432 |
|
Short-Term Debt |
$196,514 |
$104,943 |
|
Long-Term Debt |
$738,500 |
$38,500 |
|
Total Liabilities |
$935,014 |
$143,443 |
Financials as of: 02/01/2022
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