Future Acres

Test the Waters
BETA

Autonomous farm tools of tomorrow

Analytics

Raised to Date: $424,000

Aggregate Commitments $
Platform

SeedInvest

Start Date

02/23/2021

Close Date

06/30/2021

Min. Goal

$500,000

Max. Goal

$3,000,000

Min. Investment

$1,000

Security Type

Equity - Preferred

Funding Type

Test the Waters

Valuation

$7,000,000

Weekly Commitments $
Status

Active

Reporting Date

03/03/2021

Days Remaining

118

% of Min. Goal

85%

% of Max. Goal

14%

Likelihood of Max
Avg. Daily Raise

$53,000

Momentum
Location
Industry

Farming & Agriculture

Tech Sector

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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