Sorting Robotics

Sorting Robotics

Sorting Robotics, with a valuation of $50 million, is raising funds on Wefunder. The company is automating cannabis manufacturing through advanced automation and robotics. Sorting Robotics’ robots that are engineered specifically to handle the needs of cannabis producers to provide consistent and high-quality products at lower costs. The company grew its revenue by 83% to reach $6.4 million and was cashflow positive in 2023. Nohtal Partansky founded Sorting Robotics in December 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

Raised this Round: Raised: $11,600

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
11/29/2024
Close Date
04/30/2025
Min. Goal
$50,002
Max. Goal
$1,233,066
Min. Investment

$100

Security Type

Equity - Preferred

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
Location
Vannuys, California
Company Website
Visit Website

Team

Employees
11

Financials

as of Fiscal Year 2023
 Revenue
$6,391,101
 Cash on Hand
$1,009,970
Gross Margin
86%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$6,391,101

$3,811,030

COGS

$876,388

$1,286,797

Tax

$322,136

$41,978

 

 

Net Income

$1,127,698

$220,824

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,009,970

$640,277

Accounts Receivable

$3,750,332

$1,571,006

Total Assets

$6,261,430

$4,352,624

Short-Term Debt

$888,724

$345,790

Long-Term Debt

$5,053,916

$4,829,029

Total Liabilities

$5,942,640

$5,174,819

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2025 Wefunder $50,001,750 $11,600 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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Add to portfolio
Sorting Robotics on Wefunder 2024
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $50,001,750
Price per Share: $6.39

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