Terrashroom
Early Stage
Revolutionizing Home Mushroom Cultivation With the Terrashroom Smart Grow Chamber
Overview
Raised: $140,654
Total Commitments ($USD)
Platform
Wefunder
Start Date
03/11/2024
Close Date
04/29/2024
Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment
$250
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Early Bird Val. Cap
$7,200,000
Valuation Cap
$8,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/04/2024
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$2,930
# of Investors
105
Momentum
Funded
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Year Founded
2022
Industry
Food, Beverage, & Restaurants
Tech Sector
Foodtech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
Terrashroom, with a valuation of $8 million, is raising funds on Wefunder. The company is revolutionizing home mushroom cultivation with its automatic mushroom grow computer. Terrashroom’s Smart Grow Chamber allows anyone to grow mushrooms at home easily and cost-effectively. The business is currently manufacturing the product and will start shipping the first batch in early spring, with over 25,000 on the pre-launch email waitlist. Jared Steele founded Terrashroom in August 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.24 million. The campaign proceeds will be used for hiring, purchasing inventory, warehouse expansion, R&D, product development, and purchasing equipment.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$64 |
$0 |
|
COGS |
$1,553 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-77,820 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$124,585 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$124,865 |
$0 |
|
Short-Term Debt |
$92,526 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$92,526 |
$0 |
Financials as of: 03/11/2024
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