Fast growing eco-timber that's reversing climate change
Overview
Raised: $1,022,316
Total Commitments ($USD)
Platform
Wefunder
Start Date
08/23/2021
Close Date
12/22/2021
Min. Goal
$250,000
Max. Goal
$5,000,000
Min. Investment
$900
Security Type
Revenue Share
Series
Pre-Seed
Funding Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
12/31/2021
Days Remaining
Funded
% of Min. Goal
409%
% of Max. Goal
20%
Likelihood of Max
Funded
Avg. Daily Raise
$8,449
# of Investors
311
Momentum
Funded
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Location
El Segundo, California
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
World Tree, with a $12.6 million valuation, is raising funds on Wefunder. The company is leading the Eco-Tree Action designed to reverse climate change and make significant impacts for investors and small farmers. The project provides accessible investment opportunities in sustainable timber. World Tree has raised $8.7 million to date and is funding more than 270 tree farms. Doug Willmore founded World Tree in June 2015. The current crowdfunding campaign has a minimum target of $250,000 and a maximum target of $5,000,000. The campaign proceeds will be used for farmer support and performance bonus, trees and shipping, brokering the lumber, marketing, investor relations, and carbon program costs.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-2,467,711 |
$-1,204,586 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$1,231,923 |
$792,816 |
|
Accounts Receivable |
$15,574 |
$0 |
|
Total Assets |
$3,169,919 |
$1,428,521 |
|
Short-Term Debt |
$39,762 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$39,762 |
$0 |
Financials as of: 08/23/2021
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| World Tree | 01/04/2023 | StartEngine | $23,572,854 | $267,539 | Revenue Share | Funded | RegCF |
| World Tree | 07/31/2022 | Wefunder | $21,286,717 | $326,476 | Revenue Share | Funded | RegCF |
| World Tree | 12/22/2021 | Wefunder | $12,600,000 | $1,022,316 | Revenue Share | Funded | RegCF |
| World Tree | 08/15/2020 | Wefunder | $8,030,000 | $1,070,000 | Revenue Share | Funded | RegCF |
| World Tree | 04/03/2019 | Wefunder | - | $1,001,628 | Revenue Share | Funded | RegCF |
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Other Information
Update
After further research, KingsCrowd has determined that this raise uses a revenue share model, rather than providing investors with direct equity. Investing in this raise helps World Tree plant the Empress Splendor tree, and investors receive 25% of the revenue from the trees’ harvest in 10 years. As a result, KingsCrowd has turned off ratings for this raise as our algorithm is currently only built for equity-based deals.