Overview

Raised to Date: Raised: $77,083

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Funding History

Growth Charts

Total Commitments ($USD)

Platform

Wefunder

Start Date

03/30/2022

Close Date

10/25/2022

Min. Goal

$50,000

Max. Goal

$534,999

Min. Investment

$250

Security Type

Convertible Note

Series

Seed

SEC Filing Type

RegCF    

Valuation Cap

$30,000,000

Discount

15%

Rolling Commitments ($USD)

Status

Funded

Reporting Date

10/30/2022

Days Remaining

Funded

% of Min. Goal

Funded

% of Max. Goal

Funded

Likelihood of Max

Funded

Avg. Daily Raise

$371

# of Investors

134

Momentum

Funded

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Trella Technologies

Year Founded

2016

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Medium

Capital Intensity

Low

Location

Bourne, Massachusetts

Business Type

Growth

Company Website

Trella Technologies, with a valuation of $30 million, is raising funds on Wefunder. The company offers innovative solutions for indoor and urban farming. It has developed a patent-pending automated plant-training system that is horizontal to maximize space. Overall, users can grow tall plants in small spaces. The units of Trella Technologies are being distributed across the US, and the company’s revenue has increased by 19 times since the patent was granted. Aja N. Atwood and Andres Chamorro III founded Trella Technologies in 2016. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $534,999. The campaign proceeds will be used for salaries, operations, research and development, and marketing.

Summary Profit and Loss Statement

	Most Recent Year	Prior Year
Revenue	$51,599	$1,873
COGS	$1,815	$9,861
Tax	$0	$0
Net Income	$-160,666	$-172,805

Summary Balance Sheet

	Most Recent Year	Prior Year
Cash	$9,880	$2,323
Accounts Receivable	$0	$0
Total Assets	$48,347	$2,371
Short-Term Debt	$427,719	$226,028
Long-Term Debt	$0	$0
Total Liabilities	$427,719	$226,028

Financials as of: 03/30/2022

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Raise History

Offering Name	Close Date	Platform	Valuation/Cap	Total Raised	Security Type	Status	Reg Type
Trella Technologies	10/24/2022	Wefunder	$30,000,000	$77,083	Convertible Note	Funded	RegCF
Trella Technologies	02/09/2021	StartEngine	$30,000,000	$368,687	Convertible Note	Funded	RegCF

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• Price per Share
• Valuation
• Revenue
• Employees

Price per Share Valuation Revenue Employees

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

Trella Technologies Founder Aja Atwood on Solving Food Insecurity

Food insecurity existed before the COVID-19 pandemic. However, blows to the economy and supply chain issues are aggravating the problem in many countries, and some fear that the war in Ukraine will raise food prices further. Innovations in food production may help combat this crisis.

Trella Technologies’s patented technology, TrellaGro LST, is a stackable indoor farming solution that teaches tall plants to grow in small spaces. TrellaGro LST is made of recyclable materials and has low energy consumption, and it comes with an app that allows users to monitor plant growth and indoor climate. We reached out to co-founder and CEO Aja Atwood to learn about the origin of the company and future product developments.

Note: This interview was conducted over phone and email. It has been lightly edited for clarity and length.

Read Founder Interview