VVF AgTech

VVF AgTech

Early Stage

Let's Go Farming - Lets Get To Our Roots

Let's Go Farming - Lets Get To Our Roots

Overview

Raised this Round: Raised: $192,117

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/20/2023

Close Date

04/30/2025

Min. Goal
$100,000
Max. Goal
$1,200,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$18,327,958

Year Founded

2022

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Suwanee, Georgia

Business Type

Life Style

VVF AgTech, with a valuation of $18.33 million, is raising funds on Wefunder. It is an AgTech company bringing passionate people together to run profitable farming businesses while connecting back to their farming roots. VVF AgTech has multiple properties and farmlands that grow a wide range of farm-fresh products, including fruits, vegetables, dairy, grains, and more. The business is currently farming 70 acres pomelos, five acres lychee, five acres longan, and 15 acres sitaphal and has acquired 260 acres of farmlands across Florida and Georgia. Sasi Kanth Vallem founded VVF AgTech in January 2022. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.2 million. The campaign proceeds will be used for operations of greenhouse cucumber, tropical fruit trees, and nursery plants production, marketing, and miscellaneous expenses.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$622,886

$622,522

COGS

$382,536

$316,203

Tax

$61,959

$35,128

 

 

Net Income

$-1,324,702

$-2,343,373

Summary Balance Sheet

FY 2023 FY 2022

Cash

$194,112

$297,456

Accounts Receivable

$0

$0

Total Assets

$4,928,508

$3,260,917

Short-Term Debt

$1,575,649

$3,546,507

Long-Term Debt

$1,070,671

$645,388

Total Liabilities

$2,646,320

$4,191,895

Financials as of: 12/20/2023
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VVF AgTech on Wefunder 2023
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $18,327,958
Price per Share: $2.00

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