Terrashroom

Terrashroom

Early Stage

Revolutionizing Home Mushroom Cultivation With the Terrashroom Smart Grow Chamber

Revolutionizing Home Mushroom Cultivation With the Terrashroom Smart Grow Chamber

Overview

Raised to Date: Raised: $131,552

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/11/2024

Close Date

04/28/2024

Min. Goal
$100,000
Max. Goal
$1,235,000
Min. Investment

$250

Security Type

SAFE

SEC Filing Type

RegCF    Open SEC Filing

Early Bird Val. Cap

$7,200,000

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

13

% of Min. Goal

132%

% of Max. Goal

11%

Likelihood of Max
unlikely
Avg. Daily Raise

$3,759

# of Investors

140

Momentum
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Year Founded

2022

Industry

Food, Beverage, & Restaurants

Tech Sector

Foodtech

Location

Austin, Texas

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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Terrashroom on Wefunder 2024
Platform: Wefunder
Security Type: SAFE
Valuation: $8,000,000

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