MushroomSupplies.com
About this raise: 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.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 08/28/2024
- Close Date
- 12/31/2024
$50,000
$5,000,000
$100
SAFE
Seed
RegCF
$45,000,000
$50,000,000
20%
Company & Team
Company
- Year Founded
- 2021
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2C
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +110% YoY
- $8,771,396
- Monthly Burn
- $148,949
-
Runway
- 1.3 months
- Gross Margin
- 67%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,339,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 12/31/2024 | Wefunder | $50,000,000 | $0 | SAFE | Not Funded | RegCF |