Future Acres
Autonomous farm tools of tomorrow
Analytics
Raised to Date: $424,000
Aggregate Commitments $
SeedInvest
02/23/2021
06/30/2021
$500,000
$3,000,000
$1,000
Equity - Preferred
Test the Waters
$7,000,000
Weekly Commitments $
Active
03/03/2021
118
85%
14%
$53,000
Farming & Agriculture
Future Acres, with a pre-money valuation of $7 million, is testing the waters on SeedInvest through Reg A+ crowdfunding. The company is developing an autonomous farm tool called Carry. Carry finds rows, goes to pickers, waits for the crop to be loaded, and transports the load from the rows to their destination. Suma Reddy founded Future Acres in 2017 and has raised over $500,000 in previous rounds of financing. The current crowdfunding round has a minimum raise of $500,000 and a maximum raise of $3,000,000, and the funds will be used for product development, payroll, marketing, and general and administrative expenses. Future Acres is backed by Wavemaker Partners, a global venture capital company, and led by an experienced and passionate team.
Summary of Crowdfunding Raises
| Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 06/30/2021 | SeedInvest | $7,000,000 | $424,000 | Equity - Preferred | Active | Test the Waters |
| 02/17/2020 | SeedInvest | $10,000,000 | $0 | Convertible Note | Disappeared | RegCF |
| 11/25/2019 | SeedInvest | $10,000,000 | $0 | Convertible Note | Disappeared | RegCF |
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