GroGuru

Strategic Irrigation Management for Commercial Farmers

Analytics

Raised to Date: $200,132

Aggregate Commitments $
Platform

StartEngine

Start Date

04/06/2021

Close Date

10/05/2021

Min. Goal

$10,000

Max. Goal

$3,930,000

Min. Investment

$250

Security Type

Equity - Preferred

Funding Type

RegCF

Series

Series A

Pre-Money Valuation

$14,716,317

Rolling Commitments $
Status

Active

Reporting Date

04/21/2021

Days Remaining

165

% of Min. Goal

2,001%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$13,342

# of Investors

135

Momentum
cool
Log in or create a free account today to gain access to KingsCrowd analytics.
Location

San Diego, California

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

Low

Business Type

Growth

GroGuru, with a pre-money valuation of $14.7 million, is raising funds on StartEngine. The company is helping farmers by using sustainable ways to increase crop yield and reduce the consumption of water and other resources. GroGuru implements strategic irrigation management and uses soil sensors to measure soil salinity, temperature, and moisture. Patrick Henry, Farooq Anjum, and Jeff Campbell founded GroGuru in June 2014. The current crowdfunding campaign has a minimum raise of $10,000 and a maximum raise of $3,930,000. The funds will be used for expenses related to product development, sales channel expansion, and growth. GroGuru has a patented technology and has deployed over 2,000 sensors across more than 80 customers in the US.
Summary Profit and Loss Statement
Most Recent Year Prior Year

Revenue

$617,986

$674,113

COGS

$623,445

$471,029

Tax

$0

$0

 

 

Net Income

$-2,912,074

$-1,755,950

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$483,012

$183,770

Accounts Receivable

$59,534

$352,691

Total Assets

$1,226,363

$974,606

Short-Term Debt

$3,228,231

$373,114

Long-Term Debt

$3,770,127

$3,512,526

Total Liabilities

$6,998,358

$3,885,640

Log in or create a free account today to gain access to KingsCrowd analytics.
Summary of Crowdfunding Raises
Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
10/05/2021 StartEngine $14,716,317 $200,132 Equity - Preferred Active RegCF
08/08/2020 Wefunder $8,500,000 $1,070,000 Convertible Note Confirmed Closed RegCF
Log in or create a free account today to gain access to KingsCrowd analytics.
Upgrade to Gain Access
Pay Monthly
Annually (Save 17%)

Pro

$25 /month
billed annually
Unlimited analyst reports. Does not include ratings.
Plan Includes:
Everything in Starter, plus
Filter on Staff Picks (e.g. Top Deal, Deal to Watch, etc.)
Full access to Analyst Reports
Market Analytics
Ratings
Get Pro Annual

Merlin

$41.67 /month
billed annually
Unlimited analyst reports and full access to Merlin ratings.
Plan Includes:
Everything in Pro, plus
Search and filter companies by Merlin ratings
Company specific Merlin rating and risk assessment
Ratings
Get Merlin Annual
Already a member? Log in here.

Ratings

Other Deals

Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Hidden Company on Platform

Analyst reports are restricted for only Pro and Merlin members. Please upgrade for access.

RegCF
Create your first portfolio
WELCOME TO YOUR OWN INVESTMENTS PORTFOLIO ON KINGSCROWD.

Now you can track all of your startup investments in one place utilizing our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Add GroGuru on StartEngine
Follow company
Follow GroGuru on StartEngine