Undesert

Early Stage

Agriculture

Overview

Raised to Date: Raised: $25,050

Total Commitments ($USD)

Platform

Fundify

Start Date

01/20/2022

Close Date

06/30/2022

Min. Goal

$25,000

Max. Goal

$250,000

Min. Investment

$25

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$10,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/03/2022

Days Remaining
Funded
% of Min. Goal

100%

% of Max. Goal

10%

Likelihood of Max
Funded
Avg. Daily Raise

$156

# of Investors

43

Momentum
Funded
Create a free account today to gain access to KingsCrowd analytics.
Year Founded

2021

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

LOS ALAMOS, New Mexico

Business Type

Growth

Undesert, with a valuation of $10 million, is raising funds 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.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,217

$4,247

COGS

$7,982

$23,000

Tax

$0

$0

 

 

Net Income

$-6,765

$-18,753

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$9,000

$10,000

Accounts Receivable

$0

$0

Total Assets

$450,000

$400,000

Short-Term Debt

$0

$0

Long-Term Debt

$0

$0

Total Liabilities

$0

$0

Financials as of: 01/20/2022
Create a free account today to gain access to KingsCrowd analytics.

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
Create a free account today to gain access to KingsCrowd analytics.

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$12.42 /month
billed annually
Free portfolio tracking and KingsCrowd's quantitative ratings on all raises.
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings (excluding risk)
Advanced company search ( with ratings)
Markets page filters and historical industry data
Get Edge Annual

Edge Pro

$41.58 /month
billed annually
Full site access including KingsCrowd's qualitative analyst reports.
Plan Includes:
Everything in Edge, plus
Full access to detailed Analyst Reports (e.g. Top Deal, Deal to Watch, Neutral, and Underweight)
Search and filter based on Analyst Reports
In-depth risk ratings for every raise
Get Edge Pro Annual
Already a member? Log in here.

Buy Undesert's Deal Report

Warning: according to the close date for this deal, Undesert may no longer be accepting investments.

Undesert Deal Report

Get KingsCrowd’s comprehensive report on Undesert including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Undesert is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Undesert deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge Pro

Ratings KingsCrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your very own investment portfolio on KingsCrowd.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Undesert on Fundify 2022
Platform: Fundify
Security Type: SAFE
Valuation: $10,000,000

Follow company

Follow Undesert on Fundify 2022
View on Fundify (Closed)