ServeScape

ServeScape

Closed: Mar. 2023

About this raise: ServeScape, with a valuation of $6 million, is raising funds on Wefunder. The company provides online design and farm-to-landscape delivery services for people’s garden projects. The platform offers inspiration to installation services for dream landscapes with its experienced landscape designers, largest selection of locally-grown plants, and quality local contractors. ServeScape has reported a 187% year-over-year growth and a 10% month-over-month growth since its launch. Mario Cambardella founded ServeScape in June 2021. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for product improvements, sales, staff, and advertising.

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Investment Overview

Invested this round: $68,950

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
10/17/2022
Close Date
03/09/2023
Min. Goal
$50,000
Max. Goal
$124,000
Min. Investment

$100

Security Type

Convertible Note

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$6,000,000

Discount

15%

Company & Team

Company

Year Founded
2021
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Location
Chamblee, Georgia
Business Type
Growth
Company Website
Visit Website

Team

Employees
4
Prior Founder Exits?
No
Founder Name
Mario Cambardella
Title
CEO

Financials

 Revenue +111% YoY
$693,605
 Monthly Burn
$14,030
 Runway
2.9 months
Gross Margin
26%

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$693,605

$328,361

COGS

$513,052

$225,058

Tax

$180

$0

 

 

Net Income

$-168,355

$-13,007

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$40,192

$93,890

Accounts Receivable

$0

$0

Total Assets

$179,303

$127,089

Short-Term Debt

$155,761

$62,632

Long-Term Debt

$220,000

$162,632

Total Liabilities

$375,761

$225,265

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$355,000
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
03/09/2023 Wefunder $6,000,000 $68,950 Convertible Note Funded RegCF
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Add to portfolio
ServeScape on Wefunder 2022
Platform: Wefunder
Security Type: Convertible Note
Valuation: $6,000,000

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

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