Traditional commercial mowers, on the other hand, can cost up to $15,000 . Currently there is no market or liquidity for theseshares and the company does not have any plans to list these shares on an exchange or other secondary market. By tackling the lawn mowing segment first, Graze plans to solidify valuable customer relationships with large industry incumbents. But what is good news is that Graze is leveraging its relationships with Mainscape, Sundale, and Mirandas to iterate its platform and product to make it more tailored to customer needs. trees, people), and collect and apply data to further optimize for precision and efficiency. 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. Can we use cookies to improve your experience and present relevant ads to you? 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? Our partnerships and our relationships with commercial landscaping companies is crucial for us to achieve our growth plan. what they are in traditional agriculture. And now, you have the opportunity to invest in this rising startup through Grazes equity crowdfunding raise. Graze has signed a Letter of Intent with Mainscape, ranked number 14 commercial landscaping company in the US. It is a solar-powered, self-driving mower and is reported to be able to cut fuel costs by 75%, cut traditional labor costs associated with mowing by 50%, and increase profit margins by 5x. Didn't/wouldn't. No early risers, he said, sheep typically "get up about 10 a.m. or 10:30 a.m." then they graze a while, maybe take a nap, graze some more into the evening, and then eventually go to sleep and do it all again the next day. Investment in personnel. What makes Graze such an exciting opportunity? If we graze or mow higher, we favor orchardgrass growth and allow all the grasses to continue leaf development without the roots ceasing growth to produce new leaves. Gotta find the company thats going to take the risks. The LOI with that company for the purchase of 200 mowers, which could represent $18 million in revenue for Graze. Lawn mowing is a core component of almost all commercial landscaping businesses. Operating Status Active. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. Graze accepts your investment, and certain regulatory procedures are completed, your money will Money & Mimosas and the issuer of this offering make no promises, representations, warranties, or guarantees that any of the services will result in a profit or will not result in a loss. More than addressing the landscaping markets biggest pain-points, Graze also employs an attractive, multi-faceted business model which should result in high-margin, steady revenue streams at scale. different from that of common stock. PitchBooks non-financial metrics help you gauge a companys traction and growth using web presence and social reach. Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. Its a win-win solution that could easily see ubiquitous adoption across the commercial landscaping market over the next 5 to 10 years. 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. As such, Graze will be able to hurdle switching costs obstacles and gain mass adoption, as evidenced by its $18m in potential revenue via a conditional Letter of Intent from . Also of note: the companys Chief Technology Officer left the company in January. Top talent: CEO John Vlay has 35 years as an industry insider and CTO Roman Flores was part of the NASA/JPL team that put the Curiosity Rover on Mars. Santa Monica, CA. effects of dilution or grants special privileges in situations when the company is sold. The mower reduces a 4-man landscaping team, to a one mower and 2-man landscaping team, resulting in 50% labor savings. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. Our 3 Top Picks. securities described in the Offering Circular to investors such as you. He has been professionally analyzing stocks for several years, previously working at various hedge funds and currently running his own investment fund in San Diego. Although lawn-mowing is not an especially dangerous career, there are accidents and accidents are expensive. We are a new company and have neither generated revenue, nor have we had any significant operating history. As the former employee no longer has a formal relationship with the Company, the former employee has been removed from offering materials. The company may also only be obligated to file information periodically regarding its business, including financial statements. 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. 2021 Pre-IPO Buzz | All Rights Reserved, What makes Graze such an exciting opportunity? liquidation event occurs. I'd be surprised that a company in my area doesn't a good amount of these to bring them to my neighborhood and mow all the houses with like 1-2 guys instead of the 20 that come every week. Last Funding Type Non-equity Assistance. As we say at Money & Mimosas, cash is king, but cash flow is queen. 06/16/21 AT 9:16 PM. Med-X, Inc. Consumer Goods/All-natural Solutions for Health & Wellness . Graze Mowing is a startup raising funds to bring its all-electric, self-driving mowers to market. These connections helped Graze to secure $36 million in preorders from landscapers and country clubs. 2) Risk of fraudulent activity From there, the website will walk you through the seamless process of becoming an investor with Graze. Founders Graham Bosher. SI Securities does not make investment recommendations and no communication, through this website or in any other medium should be construed as a recommendation for any security offered on or off this investment platform. Pre-orders from Mainscape suggest initial pricing will be effective. Under Johns leadership, Jensen acquired a maintenance company in 2008 to extend its geographic reach to Sacramento and the North Bay before selling Jensen Landscape to private equity backed Monarch Landscape in 2016. 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. It all happens at the free AI Super Summit. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. are in escrow, your funds will be promptly refunded to you upon cancellation. Create an account to follow your favorite communities and start taking part in conversations. As the demand for mowing services increases, so too will the demand from those service providers for mowing equipment. Husqvarna has one already and if iRobot doesn't they certainly could. John left Jensen in 2018, after which he has engaged in a number of consulting roles. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. 2. 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. Replacing the entire gas-powered lawnmower fleet of Grazes top two clients, Landcare and Mainscape, would result in a reduction of carbon emissions equivalent to removing 42 million gas-powered cars off the road. The Company is currently pre-revenue. If we are not able to obtain additional capital on acceptable terms, or at all, we may be forced to curtail or abandon our growth plans, which could adversely impact the company, its business, development, financial condition, operating results or prospects. Grazes innovative design addresses all of these pain points. Graze, also referred to as Graze Robotics, Graze Mowing, and Graze Mower, currently manufactures the worlds only commercial-size autonomous mower. Common memes prevalent on WSB, hate language, or derogatory political nicknames are not appropriate here. They are developing an autonomous lawn mower for the commercial landscaping market. Technology/Autonomous Lawnmower. An early-stage company may not have the benefit of such professional investors. We are excited to unveil the future of commercial lawnmowing with our new Graze commercial mower." The new model comes equipped with longer battery life. 2023 PitchBook. The investor effectively loans money to a startup with the expectation that they will receive equity in the company in the future at a discounted price per share when the company raises its next round of financing. Additionally, we may not be able to make a transition to mass production, either via in house manufacturing or contract manufacturers. Founded Date 2008. Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. That service is necessary to keep the mower up-to-date and functioning. At some point Graze may Rivian shares are down 82.9% in 2022 through Dec. 27. 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. The level and timing of future expenditure will depend on a number of factors, many of which are outside our control. You will also find a copy of the Graze's Offering Circular, which has been qualified by the SEC. Graze is a pre-revenue company that has developed a fully-autonomous, robotic commercial lawnmower, that has a visible and compelling opportunity to disrupt the $54 billion U.S. commercial landscaping market, by addressing and eliminating the markets biggest pain-points: labor costs, fuel costs, safety-related workers compensation and pollution. Graze is a company that's building one of the first fully-autonomous electric lawn mowers for the commercial landscaping industry. Because we are a new entrant to the commercial landscaping market, there are already a number of companies that have more resources and greater market recognition than we do. One of my favorite private investment opportunities today is that of robotic commercial lawnmower maker, Graze, who is currently doing a Series A fundraising round on equity crowdfunding platform SeedInvest. 2023 InvestorPlace Media, LLC. Your shares are not easily transferable. On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. disclosed in Grazes profile and Offering Circular. Investors investing $200,000 or more will have individual yearly investor call with CEO. In that robotic market, iRobot owns about 50% share. 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. Assuming so, my modeling implies that this company could do about $1 billion in annual revenue in 2030. Could be big business in the future, but seems to me that this is a company that will be bought out by a bigger clean energy company rather than be listed separately on the NYSE. gif. exchange, is acquired, or goes bankrupt. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). You should not plan on being able to readily transfer and/or resell your security. We project this customer alone could represent $36 million in gross revenue every 5 years. Survey data shows that as much as 46% of gross revenue is derived from mowing services, making commercial lawn mowing a $23 billion per year industry with the opportunity to grow to $32 billion in the United States in 2024. We rely on a small management team to execute our business plan. The software side allows for recurring revenue. Labor costs can account for 45% of gross revenue. Investors are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. 3) This is an open forum but we expect you to conduct yourself like an adult. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. The companies displayed are (or were) private companies that we believe may be relevant to individuals interested in the pre-IPO market. Each Graze mower can be controlled from a computer, tablet or smartphone. Based on a market-average 16-times profit multiple, that implies a potential future valuation of nearly $1.3 billion versus todays $23 million pre-money valuation. Mowing along roadsides should occur in late summer (August 1-31) to allow most nesting birds and small mammals to successfully rear their young. Thanks to groundbreaking automated technologies, Graze is offering an innovative solution to one of the oldest industries. $8.7M+ Raised 3 Rounds on SeedInvest Hospitality brand providing exceptional guest experiences anchored by a passion for hospitality, cocktails, spirits, wine, beer, and food. 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. Legal Name nature delivered ltd. Company Type For Profit. will be a proud owner in Graze. On top of labor costs are the exorbitant fuel costs. Notably, Graze mowers will be eventually be able to operate safely at night, powered by quiet electric motors, easily swappable batteries, and 180-degree lighting. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a "liquidation event" occurs. Graze raised roughly $14.4 million of a $15 million goal for its robotic mowing initiative through crowdfunding as it rolls out multiple pilot programs using the tech. The Top 3 Growth Stocks in Quantum Computing. We may need to raise additional capital, which might not be available or might be available only on terms unfavorable to us or our investors. Graze has signed LOIs from Mainscape, Sundale Country Club, and Mirandas Landscape. Many hardware and equipment manufacturers suffer from one and done customer purchasing. I considered getting it, but I decided to hire a gardener since I had more than just the lawn to take care of. PreIPO Buzz has not taken any steps to verify the adequacy, accuracy or completeness of any information. Check out the background of our broker-dealer and investment professionals on FINRA's broker/check. Sounds like a bust in the making. For example, preferred equity may include rights that prevent or minimize the Follow View all 7 employees Report this company Report Report. Accelerate capital raises, KYC & fund formation on DealMaker. Because of this, Graze has the potential to have meaningful and predictable recurring revenue. Govt building lawns and sports fields still using grass. Please enable JavaScript in your browser settings and refresh the page. Investors who invest $100,000 or less will have their securities held in trust with a Custodian that will serve as a single shareholder of record. How High Can the Supreme Court Take SOFI Stock? Mystic Holding Inc. (OTCQX: MSTH) Cannabis/Cultivation, Production, Retail. Prior to Miso, Rob worked at Microsoft and SpaceX. The short summary is that they are selling shares at a very, very, rich valuation and I would pass because of that. And become more affordable as they progress so get in while we can. Graze expects its production machines to have a 5-year useful life, defined by the ability to effectively and precisely mow turf through the end of that period. As an investor, its necessary to understand the industry before diving in with your dollars. Thats not great news. These investors will be subject to the Custodians Account Agreement, including the electronic delivery of all required information. Skip Navigation watchlive Markets. Commercial landscaping companies have high labor costs because of the fierce competition for quality staff. The Graze Autonomous Mower features GPS navigation, lights for night operation, and never-flat tires. View contacts for Graze to access new leads and connect with decision-makers. Not all companies displayed will be available in the future. Nasdaq Graze is both a hardware and a software company. It Does Not Mean That The SEC Has Approved, Passed Upon The Merits Or Passed Upon The Precision Or Completed Of The Information In The Offering Statement. Right now Graze does not plan to Commercial landscaping and maintenance companies regularly purchase new equipment at the end of useful life spans (i.e., every 2-5 years). Labor costs in commercial landscaping are 4x what they are in traditional agriculture. The majority of the growing stuff is thistle and grass. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. Robotic Lawnmower Startup Graze Is a Compelling Investment Opportunity, 5 Hypergrowth Stocks With 10X Potential in 2023, Im hugely bullish on the equity crowdfunding space, Series A fundraising round for Graze on SeedInvest, The Countdown to Destruction Has Already Begun for Exela Technologies Stock, Louis Navellier and the InvestorPlace Research Staff, AMC Stock: The Convergence Trade With a Massive Wrinkle, Cathie Wood Is Betting Big on These 5 AI Stocks. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Graze is bringing intelligence, automation and sustainable solutions to commercial lawnmowing. Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. Despite what individual companies may promise, theres always the chance of losing a portion, or the entirety, of your investment. Some potential benefits of mowing include: weed management, enhancing forage quality and reducing grazing patterns. Firstly, the Graze business model is innovative. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained both here and below. Start-up investing is risky. Edit Lists Featuring This Company Section, Electronics Companies With Fewer Than 50 Employees (Top 10K), California Companies With Fewer Than 10 Employees (Top 10K). There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Our 7 Top Picks. Our success is based on our ability to raise capital in order to achieve a minimum viable product and move into production. That is, Graze is both a hardware and a software company. Violations will result in a minimum 30 and likely 60 day ban upon first instance. Danetha Doe is a writer, public speaker, and founder of Money & Mimosas. Minimum Investment:US $998 per investor. Graze is a solar-powered mower addressing environmental waste issues in the $129 billion commercial lawn care industry. The current financing round values Graze at $23 million (pre-money). There are approximately 13 million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units. Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies.
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