Terrashroom
[Closed for Investment] 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.
Investment Overview
Raised: $134,154
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 03/12/2024
- Close Date
- 04/29/2024
$100,000
$1,235,000
$250
SAFE
Pre-Seed
RegCF
$7,200,000
$8,000,000
20%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Food, Beverage, & Restaurants
- Tech Sector
- Distribution Model
- B2C
- Margin
- Low
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $135,000
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2024 | Wefunder | $8,000,000 | $134,154 | SAFE | Funded | RegCF |