John and Manomit will talk about what the future looks like for G. Many people think . With a fairly even split in the industry between the commercial and residential segments, commercial landscaping, Grazes target industry, has the opportunity to reach $70 billion. When direct labor runs around 45% of the total revenue generated from lawn mowing, the . Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. The LOI with that company for the purchase of 200 mowers, which could represent $18 million in revenue for Graze. Someone else mentioned it, but i believe Husqvarna is the most popular brand right now. LOI executed by Mainscape for 200 mowers (#14 US commercial landscaping company), New LOI: Sundale Country Club, opens up the estimated $14.16 Billion US golf course maintenance market, Lead Investor: Wavemaker Partners, a global Venture Capital fund with $300M AUM, Graze customers may achieve 50% labor savings by reducing 4 person landscaping teams to 2 people, according to Mainscape CEO. In fact, VCs have poured $55B into agtech. list these securities on a national exchange or another secondary market. First, our Series B is now open for investments! The Graze mower aims to be powered by a robust sensor suite (i.e., RADAR, LIDAR, GPS, ultrasonic sensors, odometry sensors, and an optical suite) that will enable it to safely and precisely self-navigate in and around commercial job sites. when the closing occurs and your securities have been issued. See https://www.grazemowing.com/ The idea is this: typically you have a truck with four guys pull up to a commercial property and spend a few hours mowing the grass, edging, pulling weeds, etc. If youre wondering, should I invest in Graze?, at Money & Mimosas we encourage you to ask yourself three questions: How does this align with my values and/or overall investment strategy? Much more realistically, it looks like Graze could expand its lawnmower install base to roughly 100,000 units by 2030. At first pass, the technology here doesnt seem terribly hard to replicate. Disagree, argue, criticize, but no personal attacks. While iRobot has maintained its leadership in that market, it came at the cost of margins and profits, which have come tumbling down (along with the stock price). Additionally, we do not currently have any manufacturers in place, and will need to work to find these relationships before we can begin mass production. The Offering Circular That Is Part Of That Offering Statement Is At: Graze. It has less than 1000 investors now and little over 1mil in investments. Agricultural technology seems to be the darling of venture capital money as of late. Frankly I'm surprised automatic mowers aren't more popular. Equity crowdfunding investments in private placements, and start-up investments in particular, are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Investing through equity and real estate crowdfunding or asset tokenization requires a high degree of risk tolerance. Graze has built their new model to consistently learn and apply data via an intuitive user experience, improving lawn care and creating new optimization opportunities for fleet operators. John is a graduate of the University of California, Los Angeles (UCLA) in Business and Economics. Thats not great news. Around $60,000 of that will be high-margin, annually recurring software revenue. As a member of Vistage, a CEO advisory group, John has gained insights into many varied businesses and is currently involved with two other landscape related companies with unique patented products. An investment in Graze is an investment in green technology and in the planet. All securities-related activity is conducted by SI Securities, LLC ("SI Securities"), an affiliate of SeedInvest, and a registered broker-dealer, and member FINRA/SIPC, located at 99 High Street, Suite 1701, Boston, MA 02210. Only rich people will buy them and most probably already contract out yard maintenence. Theres even room for more lines. And thats my thought and partly why Im hesitant to invest in the company alone not a stock share ect. The graph below illustrates the valuation cap or the pre-money valuation of Graze's prior rounds by year. Graze is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. Graze also has terms with the city of Glendale and Pasadena. My modeling suggests this could be a billion dollar company one day. Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail. The software side allows for recurring revenue. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. You will also find a copy of the Graze's Offering Circular, which has been qualified by the SEC. Can we use cookies to improve your experience and present relevant ads to you? Estimates project the domestic commercial lawn mower market will grow more than 4% CAGR through 2024, causing it to surpass $2 billion. Win whats next. Because of this, we will have less control of our supply chain as we grow the business, which could affect our ability to meet customer demand. It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment. Graze Mowing: Technology/Autonomous Lawnmower: Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail: Med-X, Inc. Consumer Goods/All-natural Solutions for Health & Wellness . If perennial weeds are a problem, consider . He earned his degree in Mechanical Engineering at CalTech, where he founded an interdisciplinary program to evaluate the next generation of energy storage for vehicles. According to data from market research firm,Stratistics Market Research Consulting,the global landscaping and gardening market is poised to grow at a CAGR of 7% through at least 2024, indicating the industry could grow to $140 billion domestically at that time. Also of note, Graze did have an LOI expire with LandCare, another top U.S. commercial landscaping company. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. All investors will receive quarterly update newsletters. Once $115B landscape industry plagued by high labor and maintenance costs. Discord IPO. While we plan to eventually do all production in house, initially we will be leveraging contract manufacturers as we build up scale. Violations will result in a minimum 30 and likely 60 day ban upon first instance. With a 5-year useful life, each Graze mower should generate $90,000 in gross receipts for the Company ($30,000 upfront plus $1,000 * 60 months). Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site. The Silicon Beach startup said it has. Money & Mimosas may receive monetary compensation by the issuer, or its agency, for publicizing the offering of the issuers securities. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. View the investment terms and details to see how you can be a part of. There are approximately 13 million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units. While commercial, gas-powered, human-driven mowers can cost between $5,000 - $15,000, Graze expects to receive minimal pushback from customers on its upfront and recurring costs, considering its impact on customer P&Ls. Moreover, no person nor any other person or entity assumes responsibility for the accuracy and completeness of forward-looking statements, and is under no duty to update any such statements to conform them to actual results. For many of us, we are lucky if we're able to mow pastures once a year, but consider what the needs and priorities are for your pastures. Copyright 2023 InvestorPlace Media, LLC. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below. The companies displayed are not current offerings of EquityZen Securities LLC. For example, preferred equity may include rights that prevent or minimize the About us Graze is a fully autonomous commercial lawn mower . In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. Keep reading to decide for yourself. Plans call to release a finished product late this year. Specifically, Graze has signed LOIs from Mainscape, Sundale Country Club and Mirandas Landscape. Didn't/wouldn't. Pollution concerns are eliminated. As stated earlier, one of the major risks with Graze is that the company hasnt actually delivered any lawnmowers yet, because the product is still in development mode. Granted, it can cut unattended all day where it occasionally pauses for recharging. Graze's Founding Team is comprised of commercial landscaping industry veteran John Vlay as CEO and their Principal Engineer, Phillip Wong (more below). How High Can the Supreme Court Take SOFI Stock? Of note, Mainscape is the number 14 ranked commercial landscaping company in the U.S. independent escrow agent will watch over your investment until it is accepted by Graze. Neither PreIPO Buzz nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this site or the use of information on this site. Meet the team and learn why we're poised to revolutionize t. You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. 1125 N. Charles St, Baltimore, MD 21201. In that sense, while Graze may have lost the LandCare contract, the company is taking all the right steps today to win that contract back with a better product and service and then win multiple more contracts thereafter with a product and platform that are ever improving based on customer feedback. Lorem ipsum dolor sit amet, consectetur adipiscing elit. Also of note: the companys Chief Technology Officer left the company in January. When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an Despite what individual companies may promise, theres always the chance of losing a portion, or the entirety, of your investment. Because agriculture spends a large chunk of its money on manual labor. Graze eliminates 50% or more of the labor costs and 75% of the fuel costs. Santa Monica, California, United States 1-10 Equity Crowdfunding Private www.grazemowing.com/ 36,792 Highlights Total Funding Amount $7.6M Contacts 4 Employee Profiles 3 Investors 4 Similar Companies 7 Apr 6, 2020 / Connor Doherty 2 Graze is a company that develops an electric, autonomous lawnmower for commercial landscaping. The company also has the potential to secure contracts with the NFL, the MLB, and top-tier golf courses. Centering on renewable energy, we believe Graze eliminates 75% of fuel costs, increases operating margins, and allows landscapers to win new business by offering maximized efficiency and quality. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest. Graze Mowing. securities described in the Offering Circular to investors such as you. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. Therefore, if you're interested in taking a shot, Graze stock is. Also of note: the companys Chief technology Officer left the company in January and probably! & # x27 ; re interested in taking a shot, Graze did have LOI... Of Graze 's prior rounds by year re interested in taking a shot, Graze has signed LOIs from,... 13 million commercial lawnmowers in the planet making an investment in Graze is an investment in is. 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