Undesert

Early Stage

Agriculture

Analytics

Raised to Date: Raised: $544,900

Aggregate Commitments $

Platform

Fundify

Start Date

12/28/2021

Close Date

01/19/2022

Min. Goal

$25,000

Max. Goal

$245,000

Min. Investment

$25

Security Type

SAFE

Funding Type

Test the Waters / RegCF

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

Status
Funded
Reporting Date

01/31/2022

Days Remaining
Funded
% of Min. Goal

2,180%

% of Max. Goal

222%

Likelihood of Max
Funded
Avg. Daily Raise

$24,768

# of Investors

23

Momentum
Funded
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Location

LOS ALAMOS, New Mexico

Industry

Farming & Agriculture

Tech Sector

AgriTech

Undesert, with a valuation of $10 million, is testing the waters on Fundify. The company has developed its patented water desalination technology that will help to reverse the adverse effects of global warming. The technology operates on 100% solar energy and helps to convert saline water to distilled water and dry salt. Undesert is already operating commercially and has proven operations in UAE for two years. Nicholas Seet founded Undesert in October 2021. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $245,000. The campaign proceeds will be used for land acquisition, desalination equipment, regulatory permits, engineering design, installation labor, supplies, and site management.
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Undesert 06/30/2022 Fundify $10,000,000 $25,050 SAFE Funded RegCF
Undesert 01/19/2022 Fundify $10,000,000 $544,900 SAFE Funded Test the Waters / RegCF
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Undesert on Fundify 2021
$
Platform: Fundify
Security Type: SAFE
Valuation: $10,000,000
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