Graze

Graze

Growth Stage

Redefine the Future of Landscape Maintenance

Redefine the Future of Landscape Maintenance

Overview

Raised to Date: Raised: $1,195,757

Total Commitments ($USD)

Platform

Dealmaker Securities

Start Date

03/17/2024

Close Date

04/29/2024

Min. Goal
$5,099
Max. Goal
$4,999,999
Min. Investment

$1,001

Security Type

Equity - Common

Series

Series B

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.63

Pre-Money Valuation

$25,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/27/2024

Days Remaining

1

% of Min. Goal

23,450%

% of Max. Goal

24%

Likelihood of Max
unlikely
Avg. Daily Raise

$29,165

# of Investors

447

Momentum
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Year Founded

2017

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Low

Capital Intensity

High

Location

Santa Monica, California

Business Type

Growth

Graze is raising funds on Dealmaker Securities. The company makes and sells fully autonomous electric lawnmowers for the landscaping industry. Graze electric lawnmowers help reduce labor costs, operator injuries, and fuel costs and increase mowing margins by five times. The mowers of Graze have a robust sensor suite and can safely self-navigate in and around commercial job sites. The business’ current customers include Dallas-Fort Worth Airport, RWE Energy, and Cincinnati/Northern Kentucky Airport, and it has received 2,500 requests for unit reservations. Logan Fahey and Buck Jordan founded Graze in December 2017. The current crowdfunding campaign has a minimum target of $5,099.19 and a maximum target of $4.99 million. The campaign proceeds will be used for research and development, sales and marketing, operations, and administration.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-7,593,092

$-7,909,789

Summary Balance Sheet

FY 2022 FY 2021

Cash

$61,171

$31,045

Accounts Receivable

$12,185

$113,448

Total Assets

$108,486

$543,873

Short-Term Debt

$490,521

$915,585

Long-Term Debt

$73,050

$0

Total Liabilities

$563,571

$915,585

Financials as of: 03/17/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
Graze 04/28/2024 Dealmaker Securities $25,000,000 $1,195,757 Equity - Common Active RegCF
Graze 09/29/2022 Republic $60,000,000 - SAFE Funded RegD 506(c)
Graze 05/30/2022 Dalmore Group $27,574,760 $5,000,766 Equity - Preferred Funded RegA+
Graze 06/29/2021 StartEngine $23,000,000 $5,344,573 Equity - Preferred Funded RegA+
Graze 09/22/2020 SeedInvest $23,000,000 $4,076,610 Equity - Preferred Funded RegA+
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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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Graze on Dealmaker Securities 2024
Platform: Dealmaker Securities
Security Type: Equity - Common
Valuation: $25,000,000
Price per Share: $1.63

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