GroGuru

GroGuru

Growth Stage

Strategic Irrigation Management for Commercial Farmers

Strategic Irrigation Management for Commercial Farmers

Overview

Raised to Date: Raised: $581,723

Total Commitments ($USD)

Platform

Wefunder

Start Date

02/06/2022

Close Date

09/27/2022

Min. Goal
$100,000
Max. Goal
$4,044,909
Min. Investment

$250

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$0.11

Early Bird Valuation

$12,040,622

Pre-Money Valuation

$14,716,316

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/01/2022

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

$2,507

# of Investors

505

Momentum
Funded
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Year Founded

2014

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

San Diego, California

Business Type

Growth

GroGuru, with a valuation of $14.7 million, is raising funds on Wefunder. The company is helping farmers by using sustainable ways to increase crop yield and reduce the consumption of water and other resources. GroGuru implements strategic irrigation management and uses soil sensors to measure soil salinity, temperature, and moisture. GroGuru has a patented technology and has deployed over 2,000 sensors across more than 80 customers in the US. Patrick Henry, Farooq Anjum, and Jeff Campbell founded GroGuru in June 2014. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $4,044,909. The campaign proceeds will be used for marketing, product development, and general and administrative expenses.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$617,986

$674,113

COGS

$623,445

$471,029

Tax

$0

$0

 

 

Net Income

$-2,912,074

$-1,755,950

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$483,012

$183,770

Accounts Receivable

$59,534

$352,691

Total Assets

$1,226,363

$974,606

Short-Term Debt

$3,228,231

$373,114

Long-Term Debt

$3,770,127

$3,517,601

Total Liabilities

$6,998,358

$3,890,715

Financials as of: 02/06/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
GroGuru 09/26/2022 Wefunder $14,716,316 $581,723 Equity - Preferred Funded RegCF
GroGuru 10/04/2021 StartEngine $14,716,317 $955,091 Equity - Preferred Funded RegCF
GroGuru 08/07/2020 Wefunder $8,500,000 $1,070,000 Convertible Note Funded RegCF
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Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Valuation History

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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GroGuru on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $14,716,316
Price per Share: $0.11

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