We Are The New Farmers

We Are The New Farmers

Early Stage

Mission-driven urban farm creating sustainable food products from microalgae

Mission-driven urban farm creating sustainable food products from microalgae

Overview

Raised this Round: Raised: $207,371

Total Commitments ($USD)

Platform

Republic

Start Date

11/30/2021

Close Date

04/12/2022

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$7,000,000

Discount

20%

Year Founded

2018

Industry

Fitness & Wellness

Tech Sector

AgriTech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

BROOKLYN, New York

Business Type

Life Style

We Are The New Farmers, with a valuation of $7 million, is raising funds on Republic. It is an urban farm that is reinventing protein-packed algae for the masses. The sustainable indoor farm creates delicious food products from microalgae, such as spirulina. The business uses high-end technology to create perfect conditions to produce pure and high-quality algae. Jonas Guenther, Daniel Bernstein, and Michael Udovich founded We Are The New Farmers in May 2018. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the expansion of operations, marketing, product development, and hiring.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$63,419

$14,707

COGS

$58,440

$10,789

Tax

$0

$0

 

 

Net Income

$-170,693

$-100,948

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$256,744

$10,333

Accounts Receivable

$0

$0

Total Assets

$346,763

$72,190

Short-Term Debt

$7,977

$13,118

Long-Term Debt

$13,957

$0

Total Liabilities

$21,934

$13,118

Financials as of: 11/30/2021
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We Are The New Farmers on Republic 2021
Platform: Republic
Security Type: SAFE
Valuation: $7,000,000

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