Terra Biotics
About this raise
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.
Investment Overview
Invested : $184,147
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 12/30/2020
- Close Date
- 08/28/2021
$10,000
$250,000
$200
Equity - Common
Pre-Seed
RegCF
$10.00
$7,282,143
$8,091,270
Company & Team
Company
- Year Founded
- 2019
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
-
Revenue
- $227,000
- Monthly Burn
- $1,179
-
Runway
- 16.4 months
- Gross Margin
- 50%
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/28/2021 | StartEngine | $8,091,270 | $184,147 | Equity - Common | Funded | RegCF |