Sorting Robotics (2024)

Sorting Robotics (2024)

Closed: Apr. 2024

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.

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Investment Overview

Not Funded: $50,033

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
10/26/2023
Close Date
04/15/2024
Min. Goal
$50,002
Max Goal
$1,233,066
Min. Investment

$100

Security Type

Equity - Preferred

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$6.39

Pre-Money Valuation

$50,001,750

Company & Team

Company

Year Founded
2018
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
AutomationTech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Location
Vannuys, California
Business Type
Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
Yes
Founder Name
Nohtal Partansky
Title
CEO

Financials

as of Fiscal Year 2022
 Revenue +182% YoY
$3,811,030
 Monthly Burn
Profitable
 Cash on Hand
$1,400,000
Gross Margin
66%

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,811,030

$1,351,770

COGS

$1,286,797

$487,460

Tax

$323,789

$365,767

 

 

Net Income

$220,190

$278,282

Summary Balance Sheet

FY 2022 FY 2021

Cash

$640,277

$929,319

Accounts Receivable

$1,571,006

$692,592

Total Assets

$4,352,625

$2,416,531

Short-Term Debt

$313,554

$33,957

Long-Term Debt

$4,861,899

$3,276,200

Total Liabilities

$5,175,453

$3,310,157

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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
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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.

Employee History

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Sorting Robotics on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $50,001,750
Price per Share: $6.39

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