Trella Technologies
Early Stage
Grow tall plants in small spaces.
Overview
Raised: $368,687
Total Commitments ($USD)
Platform
StartEngine
Start Date
03/20/2019
Close Date
02/10/2021
Min. Goal
$10,000
Max. Goal
$1,070,000
Min. Investment
$200
Security Type
Convertible Note
Series
Pre-Seed
Funding Type
RegCF
Valuation Cap
$30,000,000
Discount Rate
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
02/28/2021
Days Remaining
Funded
% of Min. Goal
3,687%
% of Max. Goal
34%
Likelihood of Max
Funded
Avg. Daily Raise
$532
# of Investors
779
Momentum
Funded
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Location
Bourne, Massachusetts
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
High
Capital Intensity
High
Trella Technologies, with a valuation cap of $30 million, is raising on StartEngine. The company offers innovative solutions for indoor and urban farming. It has developed a patent-pending automated plant-training system which is horizontal to maximize space. Overall, users can grow tall plants in small spaces. Trella Technologies was founded by Aja N. Atwood and Andres Chamorro III in 2016. The proceeds of the current crowdfunding round, with a minimum target of $10,000 and a maximum target of $107,000, will be used for software development, product testing, and sales and marketing. Trella Technologies has excellent future potential as it is tapping into the commercial farming industry uniquely.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$68 |
$0 |
|
COGS |
$22,348 |
$4,409 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-43,923 |
$-16,852 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$15,438 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$22,543 |
$5,605 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 03/20/2019
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