Midnight Harvest
About this raise
Midnight Harvest, with a valuation of $3.5 million, is raising funds on Wefunder. The company is engaged in morel mushroom farming indoors under a controlled environment. The business grows about 50-60 pounds of shiitake mushrooms every week and sells them to retail outlets and local restaurants. Midnight Harvest is based on repeatable scientific proof and process and has been featured in publications like Grow-Bio, Northern Express, and Edible Grand Traverse. Matthew Hall founded Midnight Harvest in March 2014. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for equipment, building rental and modifications, custom morel growing containers, working capital, and COGS.
Investment Overview
Invested : $79,001
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 03/01/2023
- Close Date
- 04/30/2023
$50,000
$124,000
$100
SAFE
Early Stage
RegCF
$3,500,000
0%
Company & Team
Company
- Year Founded
- 2014
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
-
$23,231
as of FY2021
-
Cash on Hand
-
$8,042
as of FY2021
- Gross Margin
-
77%
as of FY2021
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $175,100
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/30/2023 | Wefunder | $3,500,000 | $79,001 | SAFE | Funded | RegCF |
