Undesert

Early Stage

Agriculture

Analytics

Raised to Date: Raised: $25,050

Aggregate Commitments $

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

Funding Type

RegCF

Series

Pre-Seed

Valuation Cap

$10,000,000

Discount Rate

20%

Rolling Commitments $

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

Momentum
Funded
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Location

LOS ALAMOS, New Mexico

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

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
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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 2022
$
Platform: Fundify
Security Type: SAFE
Valuation: $10,000,000
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