Weeds Never Sleep
Early Stage
The HotZot is the first tool to effectively kill weeds organically.
Overview
Raised: $30,772
Total Commitments ($USD)
Platform
truCrowd
Start Date
07/02/2019
Close Date
06/30/2022
Min. Goal
$10,000
Max. Goal
$100,000
Min. Investment
$300
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$2,500,000
Discount
0%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/02/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$28
# of Investors
48
Momentum
Funded
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Year Founded
2015
Industry
Consumer Products, Goods & Services
Tech Sector
AgriTech
Distribution Model
B2C
Margin
High
Capital Intensity
High
Weeds Never Sleep, the manufacturer of HotZot with a pre-money valuation of $2.5 million, is raising funds on TruCrowd. HotZot is the ultimate solution to the problem faced in golf courses, parks, playgrounds, schools, and gardens: weeds. The revolutionary tool of Weeds Never Sleep is an organic sprayer that destroys weeds by pointing and shooting boiling water with organic herbicides on them. Weeds Never Sleep was founded by Bonnie Bruce and Michael Peterson. The current round of crowdfunding has a minimum target of $10,000 and a maximum target of $100,000, and the proceeds will be used for engineering, prototyping, marketing, advertising, and other fees. HotZot of Weeds Never Sleep is already patented, and the company has received over 300 requests to buy the product even before it is launched.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$200 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-125,806 |
$-21,430 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$12,346 |
$26,242 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$12,346 |
$26,242 |
|
Short-Term Debt |
$239,254 |
$122,671 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$239,254 |
$122,671 |
Financials as of: 07/02/2019
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