Underground Mushroom Co.
Urban Farm
Overview
Raised: $48,500
Total Commitments ($USD)
Platform
MainVest
Start Date
08/29/2023
Close Date
10/27/2023
Min. Goal
$30,000
Max. Goal
$60,000
Min. Investment
$100
Security Type
Revenue Share
Series
Pre-Seed
SEC Filing Type
RegCF
Return Multiple
1.50X
Rev. Share %
3.75%
Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
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.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 08/29/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| Underground Mushroom Co. | 10/27/2023 | MainVest | - | $48,500 | Revenue Share | Funded | RegCF |
No prior online funding rounds.
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