Thriving Design
About this raise
Thriving Design, with a valuation of $4 million, is raising funds on Wefunder. The company makes patented clips that help gardeners build custom plant supports. The C-BITE clips are durable, reusable, and customizable and help people grow their own food in the garden of their dreams. The product line of Thriving Design includes C-BITE, plant support kits, stake safety caps, garden twist ties, and steel garden stakes. The business has sold one million C-BITE clips to date and generated $300,000 in revenue. Morgan Rider founded Thriving Design in June 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for trade shows, salaries, and facility build-out.
Investment Overview
Invested : $58,870
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 07/12/2022
- Close Date
- 08/18/2022
$50,000
$250,000
$100
Convertible Note
Early Stage
RegCF
$4,000,000
20%
Company & Team
Company
- Year Founded
- 2020
- Industry
- Consumer Products, Goods & Services
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- Low
Financials
-
Revenue
- $102,863
- Monthly Burn
- $19,761
-
Runway
- 2 months
- Gross Margin
- 13%
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $306,529
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 08/18/2022 | Wefunder | $4,000,000 | $58,870 | Convertible Note | Funded | RegCF |