Weeds Never Sleep

Weeds Never Sleep

Early Stage

The HotZot is the first tool to effectively kill weeds organically.

The HotZot is the first tool to effectively kill weeds organically.

Overview

Raised to Date: Raised: $30,772

Total Commitments ($USD)

Platform

truCrowd

Start Date

07/02/2019

Close Date

06/29/2022

Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment

$300

Security Type

SAFE

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$2,500,000

Discount

0%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

07/02/2022

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$28

# of Investors

48

Momentum
Funded
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Year Founded

2015

Industry

Consumer Products, Goods & Services

Tech Sector

AgriTech

Distribution Model

B2C

Margin

High

Capital Intensity

High

Location

Portland, Oregon

Business Type

Life Style

Weeds Never Sleep, the manufacturer of HotZot with a pre-money valuation of $2.5 million, is raising funds on TruCrowd. HotZot is the ultimate solution to the problem faced in golf courses, parks, playgrounds, schools, and gardens: weeds. The revolutionary tool of Weeds Never Sleep is an organic sprayer that destroys weeds by pointing and shooting boiling water with organic herbicides on them. Weeds Never Sleep was founded by Bonnie Bruce and Michael Peterson. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $100,000, and the proceeds will be used for engineering, prototyping, marketing, advertising, and other fees. HotZot of Weeds Never Sleep is already patented, and the company has received over 300 requests to buy the product even before it is launched.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$200

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-125,806

$-21,430

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$12,346

$26,242

Accounts Receivable

$0

$0

Total Assets

$12,346

$26,242

Short-Term Debt

$239,254

$122,671

Long-Term Debt

$0

$0

Total Liabilities

$239,254

$122,671

Financials as of: 07/02/2019
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Weeds Never Sleep on TruCrowd
Platform: truCrowd
Security Type: SAFE
Valuation: $2,500,000

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Warning: according to the close date for this deal, Weeds Never Sleep may no longer be accepting investments.

Weeds Never Sleep Deal Report

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