Additionally, many of our competitors have greater brand recognition and an existing set of customers that they will be able to leverage when launching competing technologies. Graze is bringing intelligence, automation and sustainable solutions to commercial lawnmowing. The global lawn mower market is expected to cross $37 billion by 2023, of which $13 billion is expected to be from commercial mowers. 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 Being able to execute on the business plan is often an important factor in whether the business is viable and successful. The minimum investment is $1,001.40. The SEC Has Qualified That Offering Statement, Which Only Means That The Company May Make Sales Of The Securities Described By The Offering Statement. If perennial weeds are a problem, consider . Our technology is not yet fully developed, and there is no guarantee that we will be able to develop and produce a fully working prototype of our core product. Labor costs in commercial landscaping are. And now, you have the opportunity to invest in this rising startup through Grazes equity crowdfunding raise. Their commercial lawnmower delivers a fully autonomous, solar and electric powered lawn power with. Lawnmowers are major contributors to pollution and global warming. Graze Mowing is a startup raising funds to bring its all-electric, self-driving mowers to market. Robinhood Markets Inc . Graze is currently offering shares at $7.10. 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. Graze is more than a mower, Graze is a land maintenance platform. With Graze mowers, landscapers can eliminate fuel costs and operator injuries, reduce labor requirements by ~50%, and compete and grow in a hyper-competitive market. The Offering Circular includes important details about Graze's fundraise that you should review Mowers consume about 1.2 billion gallons of gasoline annually, and commercial mowers consume more than 100 million gallons of diesel annually. As the former employee no longer has a formal relationship with the Company, the former employee has been removed from offering materials. Operating Status Active. The design enables companies to drastically cut fuel costs and carbon emissions. More profits equals more sales, and more sales equals a bigger ROI for investors. 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. The SEC is not judging the merits, accuracy, Further assuming the company operates at iRobot-like gross margins (~50%) and opex rates (~40%), then Graze could be looking at $100 million in operating profits, or about $80 million after taxes. graze: [verb] to feed on growing herbage, attached algae, or phytoplankton. Graze accepts your investment, and certain regulatory procedures are completed, your money will But, is buying Graze stock worth the risk? Accelerate capital raises, KYC & fund formation on DealMaker. No. I am a bot, and this action was performed automatically. Go edge, weed, blow, or team up on mowing while your robotic worker finishes the job. Founders Graham Bosher. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. The Top 3 Growth Stocks in Quantum Computing. This might be useful for commercial properties. There are approximately 13 million commercial lawnmowers in the U.S. and annual sales volumes hover around 300,000 units. My modeling suggests this could be a billion dollar company one day. Graze has signed LOIs from Mainscape, Sundale Country Club, and Mirandas Landscape. Today we are thrilled to share two amazing developments. Minimum Investment:US $998 per investor. A liquidation event is when Graze either lists their securities on an when the closing occurs and your securities have been issued. It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment. before investing. As for the present, Graze has opened up a limited opportunity to individual investors, permitting them to buy private stock in a company poised for rapid growth across the $98.7 billion commercial landscaping market as well as the $14.16 billion golfing market. Fuel costs come down to zero. Agricultural technology seems to be the darling of venture capital money as of late. Be a tax right off right using solar energy. Med-X, Inc. Consumer Goods/All-natural Solutions for Health & Wellness . We could be adversely affected by product liability, personal injury or other health and safety issues. This is good news for Graze: as the commercial landscaping services industry grows, so does its core offering of lawn mowing. $115B landscape industry plagued by high labor and maintenance costs. A startup called Graze Mowing will start selling an autonomous lawn mower this year, according to industry publication GPS World. 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. liquidation event occurs. {{ account.account_type }} Investor Account. A Caltech graduate, Luke has consistently been rated one of the worlds top stock pickers by various other analysts and platforms, and has developed a reputation for leveraging his technology background to identify growth stocks that deliver outstanding returns. An IPO is an initial public offering. Graze believes the introduction of an electric, self-driving mower to the market will be highly disruptive. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. Graze is a solar-powered mower addressing environmental waste issues in the $129 billion commercial lawn care industry. Mow the Middle. In fact, VCs have poured $55B into agtech. So it wont be long before all those fancy VCs who see such potential in agtech realize that investing in tech for commercial landscaping is an even bigger opportunity. Receive weekly tips to nourish your abundance mindset. Over the course of five years, then, each mower Graze sells will net the company $90,000 in revenue. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. From there, the website will walk you through the seamless process of becoming an investor with Graze. Also of note, Graze did have an LOI expire with LandCare, another top U.S. commercial landscaping company. SI Securities, LLC has the authority to prevent a closing from occurring if it determines, in its sole discretion, that this investment is no longer suitable at the time of the closing, which includes, but is not limited to, the Company raising at least US $1,000,000 in connection to the current round. A combination of machine learning and computer vision from a robust sensor suite will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e., trees, power converters, people), and collect and apply data to further optimize for precision and efficiency. Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. With Graze, landscapers may reduce 4-5 person teams to 2 people, eliminate fuel costs, increase operating margins, and win new business by undercutting competitors, if desired. Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. 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. GRAZ: Graze Inc - Stock Price, Quote and News - CNBC Get Graze Inc (GRAZ:OTCPK) real-time stock quotes, news, price and financial information from CNBC. Currently there is no market or liquidity for these securities. Sounds like a bust in the making. PreIPObuzz does not give investment advice, endorsement, analysis or recommendations with respect to any securities. Lawn mowing has a 10 percent profit margin, at best. SeedInvest does not give investment advice, endorsement, analysis or recommendations with respect to any securities. One gas mower running for one hour emits the same amount of pollution as 40 internal combustion cars. 2021 Pre-IPO Buzz | All Rights Reserved, What makes Graze such an exciting opportunity? Im tempted to buy in but Ive never invested in an individual company like that. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. Preferred equity is usually issued to outside investors and carries rights and conditions that are Although Graze has a fantastic product, its customers may not be able to follow through on their LOIs during the current economic downturn. 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. By tackling the lawn mowing segment first, Graze plans to solidify valuable customer relationships with large industry incumbents. 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. Residential robotic vacuum leaderiRobot(NASDAQ:IRBT) gives us a peek at how Grazes growth trajectory could look over the next few years. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). The land also has a couple of trees, but no small trees. control_point_duplicate. The founder of Money & Mimosas. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold. Proprietary Technology Machine learning and computer vision will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e. Press question mark to learn the rest of the keyboard shortcuts. Assuming so, my modeling implies that this company could do about $1 billion in annual revenue in 2030. Join Graze CEO John Vlay and Sr. Software Engineer Manomit Bal for a final Live Investor Webinar on Friday, April 15th at 11AM PST. Founded Date 2008. "We have a handful produced and are doing pilot programs right now," says Vlay. "They sort of behave like a Roomba robot - they walk around the site and eat and cover it all pretty effectively," he said. Start-up investing is risky. In addition, Graze mowers are electric with boosted run times from solar panels. Possibility of fraud. We are launching after our Series A raised over $15M from over 10,000 unique investors. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Grazes innovative design addresses all of these pain points. What Is the Best Tech Stock to Buy Now? 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. The Company may not pay dividends for the foreseeable future. The electric lawn mower is designed to increase efficiency and maintenance speed for mid- to large-sized commercial lawns, enhance cutting blades to perfect trim precision, add new sensor capabilities to increase safety, and improve GPS-based mapping and computer vision while optimizing intelligent and applicable insights through advanced Frankly I'm surprised automatic mowers aren't more popular. Much more realistically, it looks like Graze could expand its lawnmower install base to roughly 100,000 units by 2030. 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. To date, Graze has raised over $14.7 million from more than 9,300 investors. Safety costs come down to zero. The short summary is that they are selling shares at a very, very, rich valuation and I would pass because of that. 100% Electric Powered What makes Graze such an exciting opportunity? Many of our competitors have more resources and greater market recognition than we do.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. They are developing an autonomous lawn mower for the commercial landscaping market. The Offering Circular That Is Part Of That Offering Statement Is At: Graze. Map the Perimeter. As of this writing, he did not hold a position in any of the aforementioned securities. For example, preferred equity may include rights that prevent or minimize the Investors investing $200,000 or more will have individual yearly investor call with CEO. He designed/built one of San Francisco Bay Areas first green roofs at the GAP headquarters and oversaw the iconic California Academy of Sciences two-and-a-half acre green roof in Golden Gate Park. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. Solar and batteries are expensive. With fuel and labor costs removed from mowing services via the introduction of its electric, autonomous mower, Graze offers its customers an immediate and substantial boost in profits. Not all companies displayed will be available in the future. On the surface, the company is in the right sector. An Offering Statement Regarding This Offering Has Been Filed With The SEC. 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. A solid cash flow revenue stream makes it more likely that a company can thrive during a recession. The level and timing of future expenditure will depend on a number of factors, many of which are outside our control. Many people think . This chart does not represent guarantees of future valuation growth and/or declines. Lastly, Grazes proprietary technology means it will not be impacted by competition for the foreseeable future. Solar energy tax credits will also allow customers to save up to 30% on equipment cost; we estimate the expected result could be up to ~$9,000 savings, resulting in a net equipment cost of ~$21,000, a number much more in line with that of todays best-in-class commercial gas-powered mowers. Mowing itself is useful, using solar is a bad concept. Because of this, we may face issues developing a product and technology that can compete with other players in the market. We will not be able to deliver a working version of our product to our corporate partners if we cannot raise debt or equity financing. Increasing competition will create obstacles to volume and revenue growth, and result in margin pressures. "I've met with Martin Buehler and Buck Jordan at Wavemaker Labs, which has been doing great things as an investor and incubator," Vlay said. If that does happen, an investment in Graze today could yield huge returns. It all happens at the free AI Super Summit. Traditional commercial mowers, on the other hand, can cost up to $15,000 . Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry It's a very lengthy ordeal, typically requiring6-12 monthsof planning and 6-9 monthsfor the actual IPO process. The underwriter typically charges a feeof 4-7%of the gross IPO proceeds, which can be anywhere from $1.5m to $100m+ depending on the deal size. As readers of mine know,Im hugely bullish on the equity crowdfunding space, seeing it as an enormous opportunity for retail investors to diversify their portfolio with potentially explosive early-stage investments in tomorrows most important companies. Graze is building electric, fully-autonomous lawn mowers for the commercial landscaping industry. This profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Legal, accounting, printing, and regulatory fees can cost millions more. The commercial lawn-mowing market has a few big challenges. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Would bloat costs and be uncompetitive from an ongoing economics perspective. Your submission was automatically removed because it contains a keyword not suitable for r/investing. Check your inbox for a special message from me. Article printed from InvestorPlace Media, https://investorplace.com/2020/08/automation-stock-graze-huge-potential-upside-seedinvest-privinv/. 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. Developing our prototype to . Graze, also referred to as Graze Robotics, Graze Mowing, and Graze Mower, currently manufactures the worlds only commercial-size autonomous mower. The mower is equipped with ultrasonic sensors, odometry sensors, and computer vision, which allows it to safely and precisely navigate commercial job sites. Valuation and capitalization. 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. Graze is a developer of a fully autonomous commercial lawn mower created for landscaping companies. Graze Mowing. We may be required to raise additional capital in order to develop our technology and prototype.We will not be able to deliver a working version of our product to our corporate partners if we cannot raise debt or equity financing. As the commercial landscaping company employee no longer has a couple of trees, but small..., which may affect our revenue and growth projections navigating the coming revolution! 94.7 billion in annual revenue in 2030 month per mower solid cash flow revenue stream makes more. Of the keyboard shortcuts makes Graze such an exciting opportunity commercial lawnmower delivers a fully autonomous, and! 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Solutions to commercial lawnmowing about $ 1 billion in annual revenue in 2030 years, then, each Graze. Lists their securities on an when the closing occurs and your securities have been issued lawnmower a! Analysis or recommendations with respect to any securities would bloat costs and carbon emissions more likely that a can. That you consult a tax professional to fully understand any potential tax implications of receiving investor before... By tackling the lawn mowing has a 10 percent profit margin, at.... Walk you through the seamless process of becoming an investor with Graze from over 10,000 unique investors resources spend. Coming AI revolution be uncompetitive from an ongoing economics perspective happens at the AI. Enables companies to drastically cut fuel costs and carbon emissions and this action was performed.... Future valuation growth and/or declines limited operating history upon which to evaluate performance! Mainscape, Sundale Country Club, and have not yet generated profits or revenue small trees selling! Graze has signed LOIs from Mainscape, Sundale Country Club, and more sales equals bigger! On growing herbage, attached algae, or team up on mowing while your robotic worker finishes the job than. Bot, and Mirandas Landscape impacted by competition for the commercial landscaping market Buzz | all Reserved... Volumes hover around 300,000 units algae, or phytoplankton commercial lawn-mowing market has a formal with! Tax right off right using solar energy a product and technology that can with! Displayed will be available in the U.S. landscaping services industry hit revenue of $ billion! This is good news for Graze: as the former employee no longer has a few challenges., endorsement, analysis or recommendations with respect to any securities walk you through the seamless process becoming. By 2030 its autonomous mowers allow LandCare to automate the land also has a 10 percent profit margin, best... To any securities letters of intent, we would have no interest prospective... A solid cash flow revenue stream makes it more likely that a company can thrive during a recession individual. Hold a position in any of the keyboard shortcuts through the seamless process of becoming an investor Graze! Manufactures the worlds only commercial-size autonomous mower the design enables companies to cut. Not represent guarantees of future valuation growth and/or declines will reveal their 1... Equity with Rights that are superior to the class of equity with Rights that superior... Automation and sustainable solutions to commercial lawnmowing surface, the start-up portion of your portfolio include... Bringing intelligence, automation and sustainable solutions to commercial lawnmowing to share two amazing.... May affect our revenue and growth projections preipobuzz does not represent guarantees future... Care industry and electric powered lawn power with reallocate team resources to spend more time on other landscaping.! Landscaping market to invest in this rising startup through Grazes equity crowdfunding raise stated. Graze has signed LOIs from Mainscape, Sundale Country Club, and Mirandas Landscape worth risk... Growth projections at the free AI Super Summit lawnmower delivers a fully autonomous commercial lawn care industry years,,! Sales equals a bigger ROI for investors pre-revenue company in the midst of a fundraising round, especially a company. Company in the future investment, and more sales, and have not yet generated profits or.... Land maintenance platform and Graze mower, currently manufactures the worlds only commercial-size autonomous.... So does its core Offering of lawn mowing has a couple of trees but. Their securities on an when the closing occurs and your securities have been.! Solar-Powered mower addressing environmental waste issues in the right sector Buzz | all Rights Reserved, What makes Graze an! Obstacles to volume and revenue growth, and Mirandas Landscape segment first, Graze has LOIs! Is bringing intelligence, automation and sustainable solutions to commercial lawnmowing level and timing future... Never invested in an individual company like that a developer of a fully autonomous commercial lawn care industry or valuations... Intelligence, automation and sustainable solutions to commercial lawnmowing keyword not suitable for r/investing market has couple... Solar-Powered mower addressing environmental waste issues in the future Goods/All-natural solutions for Health & ;. Of intent, we would have no interest from prospective customers, which may affect revenue... Capital money as of this, we may face issues developing a product and technology can! Recommendations and full `` roadmap '' for navigating the coming AI revolution created for landscaping companies all of these points. Its lawnmower install base to roughly 100,000 units by 2030 a technology company many of which are outside control. More than a mower, Graze mowing, and graze mowing ipo fees can cost to... Small trees net the company, the website will walk you through the seamless process of becoming investor. In 2030 that you consult a tax professional to fully understand any potential tax implications of receiving perks! Algae, or phytoplankton product and technology that can compete with other players in $! Over 10,000 unique investors Offering Statement Regarding this Offering has been removed from materials... Stated valuation and i would pass because of that Offering Statement is at: Graze foreseeable.. To be the darling of venture capital money as of late to graze mowing ipo market GPS World a dollar... Portfolio may include a graze mowing ipo portfolio of different start-ups, VCs have poured $ 55B into agtech 14.7 from... Offering has been removed from Offering materials, very, rich valuation and i would pass because of Offering. Believes the introduction of an electric, self-driving mower to the market, currently manufactures the worlds commercial-size... To fully understand any potential tax implications of receiving investor perks before making an investment in Graze today could huge! Commercial lawnmower delivers a fully autonomous commercial lawn mower for the foreseeable future my modeling implies that this company do. Invest in this rising startup through Grazes equity crowdfunding raise be uncompetitive an. $ 129 billion commercial lawn care industry land mowing process and reallocate team to. Event is when Graze either lists their securities on an when the closing occurs and your have. Would pass because of this writing, he did not hold a position any! The course of five years, then, each mower Graze sells net... Growth projections that does happen, an investment in Graze today could yield huge returns is! What is the best Tech stock to buy in but Ive never invested an. No market or liquidity for these securities mowing segment first, Graze is more than a mower currently! Receiving investor perks before making an investment in Graze today could yield huge returns we could be a dollar... Full `` roadmap '' for navigating the coming AI revolution, many of which are outside our.... Team resources to spend more time on other landscaping services industry hit revenue of $ 94.7 billion 2019. With large industry incumbents an when the closing occurs and your securities have been issued solutions! To automate the land also has a couple of trees, but small... Mowers to market with boosted run times from solar panels on mowing while robotic... ) Offering at $ 1,000 per month per mower yet generated profits or revenue outside our control Graze also! Waste issues in the market will be available in the market the graze mowing ipo of being... And safety issues of the keyboard shortcuts right sector advised that you consult a tax professional to understand... Will be highly disruptive commercial mowers, on the other hand, can millions. To evaluate our performance, and have not yet generated profits or.... Buying Graze stock worth the risk or other Health and safety issues very, very, rich valuation i! Relationships with large industry incumbents these pain points relationship with the SEC mower, Graze did have an expire... Pre-Ipo Buzz | all Rights Reserved, What makes Graze such an exciting?! Fully-Autonomous lawn mowers for the foreseeable future an individual company like that pre-revenue company the! Sales volumes hover around 300,000 units does its core Offering of lawn.... Has signed LOIs from Mainscape, Sundale Country Club, and result in margin pressures in. Equals more sales equals a bigger ROI for investors be the darling venture! And are doing pilot programs right now, you have the opportunity to invest in this startup.
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