PlantSnap

PlantSnap

Early Stage

PlantSnap -- where nature and technology live in harmony

PlantSnap -- where nature and technology live in harmony

Overview

Raised to Date: Raised: $118,150

Platform

Wefunder

Start Date

03/16/2017

Close Date

09/14/2017

Min. Goal
$50,000
Max. Goal
$1,000,000
Min. Investment

$100

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Year Founded

2016

Industry

Education, Training, & Coaching

Tech Sector

AgriTech

Location

Telluride, Colorado

PlantSnap, with a valuation of $5 million, is raising funds on Wefunder. PlantSnap app uses artificial intelligence to identify various plants with just a picture and brings people close to nature. It is the go-to app for gardeners, landscape designers, teachers, hikers, students, and foragers. The app has built a database of over 316,000 plant species, adding more than 1,000 species daily, and has over 40,000 downloads as of August 2017. Eric Ralls founded PlantSnap in June 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $1 million. The campaign proceeds will be used to complete the plant database, increase the app’s reach around the world, translate PlantSnap into other languages, and increase revenue.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-67,327

$0

Summary Balance Sheet

FY 2016 FY 2015

Cash

$22,573

$0

Accounts Receivable

$0

$0

Total Assets

$22,573

$0

Short-Term Debt

$0

$0

Long-Term Debt

$89,900

$0

Total Liabilities

$89,900

$0

Financials as of: 03/16/2017
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
PlantSnap 04/28/2020 StartEngine $33,995,244 $534,888 Equity - Common Funded RegCF
PlantSnap 04/29/2018 StartEngine $23,499,816 $132,842 Equity - Common Funded RegCF
PlantSnap 02/24/2018 StartEngine $9,999,996 $252,624 Equity - Common Funded RegCF
PlantSnap 09/14/2017 Wefunder $5,000,000 $118,150 SAFE Funded RegCF
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PlantSnap on Wefunder 2017
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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Warning: according to the close date for this deal, PlantSnap may no longer be accepting investments.

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