Overview

Raised to Date: Raised: $168,783

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

10/05/2021

Close Date

04/30/2022

Min. Goal

$100,000

Max. Goal

$1,000,000

Min. Investment

$100

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    

Early Bird Val. Cap

$5,000,000

Valuation Cap

$6,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

04/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$819

# of Investors

252

Momentum

Funded

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Terraseed

Year Founded

2021

Industry

Fitness & Wellness

Tech Sector

CommerceTech

Distribution Model

B2C

Margin

Medium

Capital Intensity

Low

Location

San Francisco, California

Business Type

Growth

Company Website

Terraseed, with a valuation of $6 million, is raising funds on Wefunder. The company sells sustainable vegan supplements in biodegradable pill bottles. It works for the wellness of the vegan community and the health of planet Earth. The product offerings of Terraseed include vitamins B, C, and D, Omegas, multivitamins, and vegan protein. Terraseed has reported strong traction and a 26% month-over-month growth. Maria Cebrian and Hava Horowitz founded Terraseed in May 2019. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1,000,000. The campaign proceeds will be used for marketing, content creation, R&D, new product development, and hiring.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$16,032	$0
COGS	$13,266	$0
Tax	$0	$0
Net Income	$-63,199	$-13,874

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$8,867	$66,372
Accounts Receivable	$2,100	$0
Total Assets	$47,835	$71,181
Short-Term Debt	$3,763	$0
Long-Term Debt	$0	$0
Total Liabilities	$3,763	$0

Financials as of: 10/05/2021

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Terraseed Founder Maria Cebrian Fernandez on Updating the Old-Fashioned Supplement Industry

Many have come to appreciate the health benefits of a vegan diet. However, vegans may also have trouble incorporating certain vitamins and minerals into their meals, such as vitamin B12 and calcium. As a result, vitamins and supplements can prove critical for maintaining a healthy vegan lifestyle.

Terraseed has developed an all-in-one multivitamin designed specifically to supplement vegan diets. The ingredients are all vegan-friendly, and the company has developed completely biodegradable bottles to promote a healthy environment. We reached out to co-founder and CEO Maria Cebrian Fernandez to hear more about the inspiration behind the company and the rewards of perseverance.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview