First, I want to thank each and every one of our investors for the tremendous support of GroGuru and our vision to make the world a better place through more sustainable farming practices, and helping farmers make more money and increase crop yields while more efficiently using water and other scarce resources.
Our WeFunder equity crowdfunding campaign is in the final stages and will close this Saturday, August, 8th at midnight.
Please like, comment, and share this LinkedIn post with your network and let's finish this campaign strong!
It has been very successful, and we sit at $1.84M raised so far! We have over 1,600 investors and the average check size is over $1,000, even though we set our minimum at $100. Raging Bull/Startup Camp is our lead investor, and they have been a terrific partner throughout this campaign. I also want to give a shout-out to our marketing firm, Arora Project, for the great work they have done on our feature video, WeFunder home page, and our ad campaign.
We will have one last push over the next few days and are working to break $2M! This financing puts us in a strong position to continue to execute on our strategy moving forward. We will continue to be frugal while executing on key sales expansion and product development priorities.
As I mentioned in a prior update, GroGuru has secured a SBIR (Small Business Innovation Research) grant from the USDA-NIFA (United States Department of Agriculture - National Institute for Food and Agriculture) for Cyber Agriculture. The phase one grant that we have been awarded is for $100k. This grant has the potential for a seven-figure follow-on grant in 2022.
GroGuru will be presenting at three key conferences in late August and September and all of them have now been converted to virtual events. They include:
Plug and Play Fargo AgTech Demo Day - Fargo
OCTANE TIF (Technology Innovation Forum)
Forbes AgTech - SVG-Thrive Demo Day
Thanks again for all of your support! Farmers continue to farm, and they need us now more than ever!
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Just killing it Patrick and team... big congrats on closing the round and the progress you guys have made.
Hi Patrick,
Somehow my increase payment is still Pending for many days. Could you make sure all my investments to GroGuru are processed?
A+
-Tan
Hi Tan. We are oversubscribed on the Reg CF. We are working to transition accredited investors to the Reg D. The remaining amounts on the Reg CF will be first come first served. Hope this helps.
Thank you for updates.
Thank you for the updates!!
Awesome and thanks for the update.
-Tan
Thanks for the update. Great work.
Nice work Patrick!!
such a great update and momentum gained from the last time. Groguru is shaping up to be a sheer win. Big congrats patrick and team. Onwards and upwards!
Fantastic update!!