GroGuru

Deal To Watch
BETA

Strategic Irrigation Management for Commercial Farmers

Analytics

Raised to Date: $1,070,000

Aggregate Commitments $
Platform

Wefunder

Start Date

06/26/2020

Close Date

08/08/2020

Min. Goal

$200,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

Convertible Note

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,500,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

08/09/2020

Days Remaining
Funded
% of Min. Goal

535%

% of Max. Goal

100%

Likelihood of Max
Funded
Avg. Daily Raise

$24,884

# of Investors

1,618

Momentum
Funded
Location

La Jolla, CA

Industry

Farming & Agriculture

Tech Sector

AgriTech

Distribution Model

B2B

Margin

Medium

Capital Intensity

High

Business Type

High Growth

GroGuru, with an $8.5 million valuation cap, is raising funds on Wefunder. 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. GroGuru was founded by Patrick Henry and has raised over $4.7 million since its founding. The current crowdfunding campaign has a minimum raise of $200,000 and a maximum raise of $1,070,000. The funds will be used for expenses related to product development and sales channel expansion. 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

$674,113

$147,048

COGS

$471,029

$126,666

Tax

$0

$0

 

 

Net Income

$-1,631,727

$-1,039,950

Summary Balance Sheet
Most Recent Year Prior Year

Cash

$183,784

$233,050

Accounts Receivable

$352,691

$86,272

Total Assets

$974,620

$455,564

Short-Term Debt

$428,567

$208,432

Long-Term Debt

$3,376,007

$0

Total Liabilities

$3,804,574

$1,664,439

Ratings

last updated 08/23/2020

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Analyst Report

Deal To Watch
Ratings Platform - Beta Trial

Our new ratings and analytics platform is currently in Beta. To gain access to the Beta platform features, upgrade to a Pro paid account and accept the Beta terms on any page.

For a limited time, use coupon code "TRYMERLIN20" for a free 20 day trial of Kingscrowd Pro and Merlin Beta. Your paid subscription will activate at the end of 20 days. Cancel anytime.
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