MushroomSupplies.com

MushroomSupplies.com

Growth Stage

Mushroom Growing Kit in a Bag

Mushroom Growing Kit in a Bag

Overview

Raised this Round: Raised: $69,060

Total Commitments ($USD)

Platform

Wefunder

Start Date

08/28/2024

Close Date

12/31/2024

Min. Goal
$50,000
Max. Goal
$5,000,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$45,000,000

Valuation Cap

$50,000,000

Discount

20%

Year Founded

2021

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2C

Margin

High

Capital Intensity

Low

Location

Westminster, California

Business Type

Growth

MushroomSupplies.com, with a valuation of $50 million, is raising funds on Wefunder. The company makes all-in-one mushroom grow bags to make high-quality mushroom growing possible for everyone. MushroomSupplies.com grow bags are pre-sealed, sterilized, and batch-tracked and can grow more than 2.5 pounds of fresh mushrooms per bag. The business generated $4.17 million in revenue in its first full year and reported a 110% growth to $8.77 million in 2023. Kevin Keeland and Nitin Khanna founded MushroomSupplies.com in May 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, debt, GMP certification, raw materials, and product testing.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$8,771,396

$4,175,833

COGS

$2,917,633

$1,235,027

Tax

$6,800

$0

 

 

Net Income

$-2,690,769

$-819,197

Summary Balance Sheet

FY 2023 FY 2022

Cash

$192,389

$343,018

Accounts Receivable

$43,724

$454,535

Total Assets

$4,010,029

$1,414,644

Short-Term Debt

$1,486,500

$321,166

Long-Term Debt

$2,225,646

$0

Total Liabilities

$3,712,146

$321,166

Financials as of: 08/28/2024
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Raise History

Offering Name Close Date Platform Valuation Total Raised Security Type Status Reg Type
MushroomSupplies.com 12/31/2024 Wefunder $50,000,000 $69,060 SAFE Active RegCF

No prior online funding rounds.

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MushroomSupplies.com on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $50,000,000

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