Terra Biotics
Early Stage
Organic Plant Nutrients
Overview
Raised: $184,147
Total Commitments ($USD)
Platform
StartEngine
Start Date
12/29/2020
Close Date
08/28/2021
Min. Goal
$10,000
Max. Goal
$250,000
Min. Investment
$200
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$10.00
Early Bird Valuation
$7,282,143
Pre-Money Valuation
$8,091,270
Rolling Commitments ($USD)
Status
Funded
Reporting Date
08/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$764
# of Investors
287
Momentum
Funded
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Year Founded
2019
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Terra Biotics, with a pre-money valuation of $8.09 million, is raising funds on StartEngine. The company has developed a soil regeneration and organic fertilization system that helps farmers grow healthier crops with better yields. The products of Terra Biotics work with plants’ natural processes and create an underground soil food web that enables plants to reach their highest heights. Jared Elliott founded Terra Biotics in 2019. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $250,000, will be used to take its growth to the next level with new products. Terra Biotics is led by an experienced team and generated $104,800 in revenue in 2019.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$104,817 |
$0 |
|
COGS |
$52,309 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-14,143 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$19,288 |
$0 |
|
Accounts Receivable |
$16,829 |
$0 |
|
Total Assets |
$513,249 |
$0 |
|
Short-Term Debt |
$52,247 |
$0 |
|
Long-Term Debt |
$348,000 |
$0 |
|
Total Liabilities |
$400,247 |
$0 |
Financials as of: 12/29/2020
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