Underground Mushroom Co.
About this raise
Underground Mushroom Co. is raising funds on MainVest. It is an urban mushroom farm in Manchester-by-the-Sea, Massachusetts. Underground Mushroom Co. aims to bring abundant high-quality gourmet mushrooms to people with its new growth facility in Gloucester. The business sells through restaurant sales, farmers’ market sales, at-home grow kits, and wholesale and aims to offer the community new and unique types of edible mushrooms. Matt Pinstein founded Underground Mushroom Co. in December 2022. The current crowdfunding campaign has a minimum target of $30,000 and a maximum target of $60,000. The campaign proceeds will be used for rent, insurance, workman’s compensation, framing materials, incubation racks, wholesale licenses, raw materials, and more.
Investment Overview
Invested : $48,500
Deal Terms
Total Commitments
- Platform
- MainVest
- Start Date
- 08/29/2023
- Close Date
- 10/27/2023
$30,000
$60,000
$100
Revenue Share
Pre-Seed
RegCF
1.50X
3.75%
Company & Team
Company
- Year Founded
- 2022
- Industry
- Farming & Agriculture
- Tech Sector
- Distribution Model
- B2B/B2C
- Margin
- Medium
- Capital Intensity
- High
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Ratings 
Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $0
- VC Backed?
- No
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 10/27/2023 | MainVest | - | $48,500 | Revenue Share | Funded | RegCF |