NETZRO
Early Stage
State-of-the-art food tech producing nutritious, upcycled ingredients at scale
Overview
Raised: $164,080
Total Commitments ($USD)
Platform
Wefunder
Start Date
09/28/2021
Close Date
01/24/2022
Min. Goal
$145,000
Max. Goal
$500,000
Min. Investment
$250
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$4,250,000
Valuation Cap
$5,000,000
Discount
15%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
01/30/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,402
# of Investors
82
Momentum
Funded
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Year Founded
2019
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
NETZRO, with a valuation of $5 million, is raising funds on Wefunder. The food technology company transforms food byproducts into nutrient-rich ingredients. NETZRO is developing groundbreaking technology that can upcycle food waste, like eggshells and spent grain, into nutritious ingredients at scale. Sue Marshall and Garrick Villaume founded NETZRO in September 2019. The current crowdfunding campaign has a minimum target of $145,000 and a maximum target of $500,000. The campaign proceeds will be used for equipment and supplies, strategic model creation, marketing, infrastructure at the new Wycliff location, and an automated loading conveyor.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$8,021 |
$0 |
|
COGS |
$1,572 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-180,005 |
$-96,441 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,705 |
$96,665 |
|
Accounts Receivable |
$320 |
$0 |
|
Total Assets |
$184,644 |
$217,912 |
|
Short-Term Debt |
$100,001 |
$27,858 |
|
Long-Term Debt |
$247,576 |
$194,173 |
|
Total Liabilities |
$347,577 |
$222,031 |
Financials as of: 09/28/2021
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