Graze

Fully Autonomous Electric Lawn Mowers

Analytics

Raised to Date: $1,370,437

Aggregate Commitments $
Platform

StartEngine

Start Date

02/04/2021

Close Date

04/30/2021

Min. Goal

$1,000,000

Max. Goal

$10,000,000

Min. Investment

$499

Security Type

Equity - Preferred

Funding Type

RegA+

Series

Seed

Pre-Money Valuation

$23,000,000

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

7

% of Min. Goal

137%

% of Max. Goal

14%

Likelihood of Max
unlikely
Avg. Daily Raise

$18,032

# of Investors

1,151

Momentum
warm
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Location

Santa Monica, California

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

Growth

Graze, with a valuation of $23 million, is raising funds on StartEngine through Reg A+ crowdfunding. The company makes and sells fully-autonomous electric lawn mowers for the landscaping industry. The electric lawnmowers of Graze help reduce labor costs, operator injuries, and fuel costs. John Vlay founded Graze in 2017 and raised $3.7 million in the previous round of crowdfunding. The current crowdfunding round has a minimum target of $1,000,000 and a maximum target of $10,000,000, and the proceeds will be used for product development, personnel, and general overhead expenses. Graze has non-binding commercial contracts worth a potential value of over $19.35 million. The company is led by an experienced management team and is set for growth.
Balance Sheet

Cash and Cash Equivalents

$1,107

Investment Securities

$0

Total Investments

$0

Accounts and Notes Receivable

$701,469

Loans

$0

Property, Plant and Equipment (PP&E)

$0

Property and Equipment

$0

Total Assets

$1,036,463

Accounts Payable & Accrued Liabilities

$1,642,942

Policy Liabilities and Accruals

$0

Deposits

$0

Long Term Debt

$465,000

Total Liabilities

$2,578,302

Total Stockholders' Equity

$-1,541,839

Total Liabilities and Equity

$1,036,463

Statement of Comprehensive Income Information

Total Revenues

$0

Total Interest Income

$0

Costs & Expenses Applicable to Rev

$0

Total Interest Expenses

$0

Depreciation and Amortization

$0

Net Income

$-1,096,961

Earnings Per Share - Basic

$0

Earnings Per Share - Diluted

$0

Auditor: Artesian CPA
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Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
04/30/2021 StartEngine $23,000,000 $1,370,437 Equity - Preferred Active RegA+
09/23/2020 SeedInvest $23,000,000 $4,076,610 Equity - Preferred Confirmed Closed RegA+
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