We Are The New Farmers
Early Stage
Mission-driven urban farm creating sustainable food products from microalgae
Overview
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
Valuation Cap
$7,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/29/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,571
# of Investors
330
Momentum
Funded
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Year Founded
2018
Industry
Fitness & Wellness
Tech Sector
AgriTech
Distribution Model
B2C
Margin
Low
Capital Intensity
Low
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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