About this raise
Sorting Robotics, with a valuation of $50 million, is raising funds on Wefunder. The company is automating cannabis manufacturing, wherein all repetitive manual labor tasks will be done autonomously. Sorting Robotics uses artificial intelligence, computer vision, and mechanical design to automate pre-roll and infused pre-roll production for the cannabis industry. The business tripled its revenue from 2021 to 2022 and is cashflow positive in 2023. Nohtal Partansky and Cassio Santos founded Sorting Robotics in February 2018. The current crowdfunding campaign has a minimum target of $50,001.75 and a maximum target of $1.23 million. The campaign proceeds will be used for inventory, sales and marketing, and R&D.
Investment Overview
Not Funded: $50,033
Deal Terms
Company & Team
Company
- Year Founded
- 2018
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2B
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +182% YoY
- $3,811,030
- Monthly Burn
- Profitable
- Cash on Hand
- $1,400,000
- Gross Margin
- 66%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $3,587,000
- VC Backed?
- Yes
Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
---|---|---|---|---|---|---|
04/30/2025 | Wefunder | $50,001,750 | $13,550 | Equity - Preferred | Active | RegCF |
04/15/2024 | Wefunder | $50,001,750 | $50,033 | Equity - Preferred | Not Funded | RegCF |
Growth Charts
Revenue History
Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.
Valuation History
Price per Share History
Note: Share prices shown in earlier rounds may not be indicative of any stock splits.