NatureTrak

Early Stage

Compliance infrastructure for cannabis banking

Analytics

Raised to Date: Raised: $94,086

Aggregate Commitments $

Platform

Republic

Start Date

08/24/2021

Close Date

12/01/2021

Min. Goal

$24,999

Max. Goal

$999,790

Min. Investment

$100

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Pre-Seed

Pre-Money Valuation

$13,000,000

Rolling Commitments $

Status

Active

Reporting Date

09/19/2021

Days Remaining

73

% of Min. Goal

376%

% of Max. Goal

9%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,619

Momentum
hot
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Location

Vacaville, California

Industry

Business Services, Software, & Applications

Tech Sector

Legaltech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Business Type

Growth

NatureTrak, with a valuation of $13 million, is raising funds on Republic. The company has developed a platform for financial institutions to track and manage their risks related to cannabis banking in real-time. The service includes a full suite of federal and state-examined compliance tools for any financial institution considering cannabis banking. NatureTrak has already enabled $1.5 billion in cannabis-related transactions. Jontae James founded NatureTrak in December 2019. The current crowdfunding campaign has a minimum target of $24,999 and a maximum target of $999,790. The campaign proceeds will be used for scaling of marketing, blockchain integration, scaling of development staff, and execution of product development road map.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$178,900

$20,962

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-894,948

$-1,043,654

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$40,805

$184,610

Accounts Receivable

$0

$0

Total Assets

$141,285

$292,516

Short-Term Debt

$479,329

$402,294

Long-Term Debt

$610,800

$56,570

Total Liabilities

$1,090,129

$458,864

Financials as of: 08/24/2021
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