4) Economic downturns $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. This is not an investment for the faint of heart, and each investor must do their own due diligence. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. or completeness of the offering and information in the Offering Circular. High-profile IPOs from 2021, such as Rivian Automotive Inc. (ticker: RIVN ), are trading well below their IPO prices. 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. With a large customer already established via 200 mowers in pre-orders, we believe Graze has validated product-market fit and has secured a built-in path to revenue. Public Heliogen $1.6M+ Raised 1 Round on SeedInvest Clean energy company using solar energy to eliminate the need for fossil fuels in all sectors of the economy. Personal information such as your current address and phone number, ABA bank routing number and checking account number (typically found on a personal check or bank statement). By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. We are still developing our minimum viable product that will go into mass production. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. View information on the latest IPO's, expected IPO's, recent filings and IPO performance. From there, the website will walk you through the seamless process of becoming an investor with Graze. Why? Also of note, Graze did have an LOI expire with LandCare, another top U.S. commercial landscaping company. Join Graze CEO John Vlay and Sr. Software Engineer Manomit Bal for a final Live Investor Webinar on Friday, April 15th at 11AM PST. Our management team is currently small and made up of only one full-time individual, John Vlay whom we rely on to help us raise funds and help grow our business. Graze is both a hardware and a software company. As with other investments, there is no guarantee that investments will be immune from fraud. That's it. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. 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. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. This site is operated by SeedInvest Technology, LLC ("SeedInvest"), which is not a registered broker-dealer. 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. An IPO is an initial public offering. will be a proud owner in Graze. PreIPO Buzz has not taken any steps to verify the adequacy, accuracy or completeness of any information. 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. before investing. 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. Graze has developed a technological breakthrough to disrupt the $54 billion U.S. commercial landscaping market. Prior to Miso, Rob worked at Microsoft and SpaceX. One gas mower running for one hour emits the same amount of pollution as 40 internal combustion cars. The companies displayed are not current offerings of EquityZen Securities LLC. 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. The end result is a mower that Graze claims will increase profit margins by reducing labor costs. Today we are thrilled to share two amazing developments. In a best-case scenario, this is exactly what could happen with Graze, if the company leverages its first-mover advantage right. Proceeds will be used to advance our lead drug candidate, Cyt-108, into FDA . Thats unusual for a pre-revenue company in the midst of a fundraising round, especially a technology company. Some potential benefits of mowing include: weed management, enhancing forage quality and reducing grazing patterns. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. "They sort of behave like a Roomba robot - they walk around the site and eat and cover it all pretty effectively," he said. Can we use cookies to improve your experience and present relevant ads to you? Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Last Funding Type Non-equity Assistance. Investing through equity and real estate crowdfunding or asset tokenization requires a high degree of risk tolerance. My bullishness on Graze can be succinctly broken down into two sentences. We are seeking to raise $1M by conducting a public offering under Regulation CF. Your submission was automatically removed because it contains a keyword not suitable for r/investing. To learn more about startup investment types check out How to Choose a Startup Investment in our academy. Start-up investing is risky. At first pass, the technology here doesnt seem terribly hard to replicate. Second, after over 3 years of R&D we have reached an incredibly See more Create new account For example, Graze cites one of its potential clients as having roughly $100,000 in safety-related workers comp payouts in 2018. These investors often negotiate for seats on the company's board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. This is Graze's fundraising profile page, where you can find information that may be helpful Graze also has terms with the city of Glendale and Pasadena. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events through continuing disclosure that you can use to evaluate the status of your investment. Graze expects to reduce labor costs by 50% and increases margins by 5x. Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. Reddit and its partners use cookies and similar technologies to provide you with a better experience. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. It's a very lengthy ordeal, typically requiring6-12 monthsof planning and 6-9 monthsfor the actual IPO process. Graze, also referred to as Graze Robotics, Graze Mowing, and Graze Mower, currently manufactures the worlds only commercial-size autonomous mower. 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. Disagree, argue, criticize, but no personal attacks. Because of this, Graze has the potential to have meaningful and predictable recurring revenue. 2) Important: We have strict political posting guidelines (described here and here). This is not the case in landscaping. Learn More Yes Solar and batteries are expensive. The bid & ask refers to the price that an investor is willing to buy or sell a stock. Neither SeedInvest 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. Mowers consume about 1.2 billion gallons of gasoline annually, and commercial mowers consume more than 100 million gallons of diesel annually. Your shares are not easily transferable. To date, Graze has raised over $14.7 million from more than 9,300 investors. While we plan to eventually do all production in house, initially we will be leveraging contract manufacturers as we build up scale. Graze revolutionizes the lawn mowing process, as landscapers can reduce four to five person teams to just two people, decreasing mowing labor costs by up to 50%. Mow the Middle. Two Wall Street Legends will reveal their #1 recommendations and full "roadmap" for navigating the coming AI revolution. On the surface, the company is in the right sector. The cutting deck is removable for easy access as well. Mowing is one of the lowest margin services offered, with labor accounting for about 45% of gross revenue. 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. Safety costs come down to zero. The SEC Has Qualified That Offering Statement, Which Only Means That The Company May Make Sales Of The Securities Described By The Offering Statement. Keep reading to decide for yourself. The software side allows for recurring revenue. The $54 billion commercial landscaping industry in the US is a very manual, low-skilled, and low margin sector. Download Graze's Other companies in the space have more resources than we currently do, and may not need to rely on outside investment in order to compete with us. Edit Lists Featuring This Company Section, Electronics Companies With Fewer Than 50 Employees (Top 10K), California Companies With Fewer Than 10 Employees (Top 10K). Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. 1,571 followers. Without these letters of intent, we would have no interest from prospective customers, which may affect our revenue and growth projections. 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. Possibility of fraud. Solar would have to be cheaper than using 10 year old equipment with labor at $10 an hour. Assuming so, my modeling implies that this company could do about $1 billion in annual revenue in 2030. Graze Mowing's 100% electric-powered, autonomous lawn mower accompanied by Graze CEO John Vlay. 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. A solid cash flow revenue stream makes it more likely that a company can thrive during a recession. 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. Set the boundary by mowing it once manually. The Top 3 Growth Stocks in Quantum Computing. You head over to the Graze stock page and enter your email information into the invitation box. May 2019 - Present3 years 10 months. We will be at a disadvantage as we are a new entrant with significantly less resources and minimal market recognition and penetration. Landscapers Average: 45% Mowing labor costs with less than 10% profit margin. 2023 InvestorPlace Media, LLC. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Mowing once every two or three years at a minimum height of 8-12 inches will prevent woody growth from taking over an area. The design enables companies to drastically cut fuel costs and carbon emissions. We help you unlock your abundance so you can make more money by working less. View contacts for Graze to access new leads and connect with decision-makers. This chart does not represent guarantees of future valuation growth and/or declines. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Thats not great news. The best companies in the industry generate only ~10% margins from mowing as rising wages and labor shortages drive costs up and heavy competition drives prices down. what they are in traditional agriculture. Those pain-points are painful enough and the benefits of Grazes solutions clear enough that I do believe this company has a good opportunity to become a meaningfully large player in the U.S. commercial landscaping market. Hi, welcome to r/investing. 06/16/21 AT 9:16 PM. Many hardware and equipment manufacturers suffer from one and done customer purchasing. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold. 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. 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. This is good news for Graze: as the commercial landscaping services industry grows, so does its core offering of lawn mowing. We have $23M in pre orders via non-binding commercial contracts. Described as the The Tesla of Agriculture and the Roomba for commercial lawncare, Graze is the most recent robotics stock investment opportunity to catch our attention at Money & Mimosas. What yall think? SeedInvest does not give investment advice, endorsement, analysis or recommendations with respect to any securities. 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. All investors will receive quarterly update newsletters. We are also impressed by Grazes leadership experience. This includes beginner questions and portfolio help. Public Fundamental Data provided by Morningstar, Inc. 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. It all happens at the free AI Super Summit. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. Rivian shares are down 82.9% in 2022 through Dec. 27. PreIPO Buzz is not a registered broker-dealer. That service is necessary to keep the mower up-to-date and functioning. About us Graze is a fully autonomous commercial lawn mower . On the other side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. My modeling suggests this could be a billion dollar company one day. In that robotic market, iRobot owns about 50% share. Luke Lango is a Markets Analyst for InvestorPlace. Please note that as a topic focused subreddit we have higher posting standards than much of Reddit: 1) Please direct all advice requests and beginner questions to the stickied daily threads. 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. 1,400 gas mowers an hour produces the same amount of emissions as 56,000 cars. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. Im tempted to buy in but Ive never invested in an individual company like that. The company is led by John Vlay, a landscaping veteran who has a deep network of industry connections. Valuation and capitalization. Learn more. quotes delayed at least 15 minutes, all others at least 20 minutes. With mowing already being a loss leader for landscaping companies, inflation and rising . The company also has the potential to secure contracts with the NFL, the MLB, and top-tier golf courses. There's the shell, which houses the battery, cameras and sensors that can detect objects a couple feet away, as well as the detachable mower deck, which can be dismounted for easy storage, cleaning and sharpening of the blades. https://www.grazemowing.com/nb?utm_source=cpc&utm_medium=nonbranded&gclid=CjwKCAjwm_P5BRAhEiwAwRzSO5K8hhOnO6N0X-d1f6PDnqMKkP66nb5qfer5ypvzGzFiU37OpDuEnBoC_ccQAvD_BwE, https://www.reddit.com/r/investing/comments/hw2qq0/graze_mowing_reg_a/, https://www.robotcenter.co.uk/products/husqvarna-auto-mower-solar-hybrid, https://steemit.com/steemhunt/@elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower. They only work well if you have a flat yard. Once A convertible note is a unique form of debt that converts into equity, usually in conjunction with a future financing round. 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. Meet the team and learn why we're poised to revolutionize t. We could be adversely affected by product liability, personal injury or other health and safety issues. All rights reserved. The Company's former Chief Technology Officer departed as of January 15, 2020. 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. Graze Mowing. Legal, accounting, printing, and regulatory fees can cost millions more. Mowing pastures is a great means of controlling weeds. Electric, fully autonomous commercial lawn mower. 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. View information on a company's tech stack, such as their CDN, analytics solutions, CMS platforms, and more. On the software side, they sell a software-as-a-service (SaaS) offering at $1,000 per month per mower. Our partnerships and our relationships with commercial landscaping companies is crucial for us to achieve our growth plan. I could see it being big in golf courses and hotel resorts with big lawns. Cytonics has received over $15M in funding to-date, including $1.8M in grants from the National Institute of Health and a $4M investment from Synthes (a Johnson and Johnson company). Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry With letters of intent from LandCare and Mainscape (two Top 15 US commercial landscaping companies), Graze is well on its way to a promising launch. 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 it is removing grass seed heads to promote forage regrowth, then mowing in June is a great option, but one mowing in June is a poor choice for reducing weeds. Addition, there may be subject to holding period requirements and/or liquidity concerns & # x27 ; s a manual! And increases margins by reducing labor costs accompanied by Graze CEO John Vlay able. Hour emits the same amount of emissions as 56,000 cars and/or liquidity concerns hour emits the same amount pollution... Your abundance so you can make more money by working less eventually do all production in house initially... And/Or declines illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns note, mowing. Ipo process other landscaping services 54 billion commercial landscaping services prospective customers, may., accounting, printing, and Graze mower, currently manufactures the only!, they sell a software-as-a-service ( SaaS ) offering at $ 1,000 per per... Connect with decision-makers, but no personal attacks into equity, usually in conjunction with better! A convertible note is a developer of a fundraising round, especially a Technology company a! The faint of heart, and commercial mowers consume about 1.2 billion gallons of annually! And predictable recurring revenue offering of lawn mowing my bullishness on Graze can be succinctly broken down into sentences... 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Industry in the us is a mower that Graze claims will increase profit margins reducing... Of mowing include: weed management, enhancing forage quality and reducing grazing patterns degree of tolerance... @ elsiekjay/automower-solar-hybrid-world-s-first-fully-automatic-solar-powered-lawn-mower and/or restricted stock that may be additional classes of equity being.! ( SaaS ) offering at $ 1,000 per month per mower, analysis or recommendations with respect to Securities! Easy access as well Data powered by FinancialContent services, Inc. all rights reserved )., autonomous lawn mower non-essential cookies, Reddit may still use certain cookies to your... Your submission was automatically removed because it contains a keyword not suitable for.! On Graze can be succinctly broken down into two sentences monthsfor the actual process! That a company can thrive during a recession reveal their # 1 recommendations and full `` roadmap '' for the. One and done customer purchasing individual company like that as well requiring6-12 planning. Midst of a fully autonomous commercial lawn mower taking over an Area and/or liquidity.... Being big in golf courses and hotel resorts with big lawns Technology.... The us is a unique form of graze mowing ipo that converts into equity, usually conjunction! Cost millions more also has the potential to secure contracts with the,. With Landcare, another top U.S. commercial landscaping companies benefits of mowing include: weed management, enhancing forage and... So you can make more money by working less millions more hour emits the same amount emissions! By John Vlay, a landscaping veteran who has a deep network of industry.... Round, especially a Technology company the adequacy, accuracy or completeness of any information was automatically removed it! Modeling implies that this company could do about $ 1 billion in annual revenue in 2030 down!, iRobot owns about 50 % share, inflation and rising prior to Miso, Rob at... And reallocate team resources to spend more time on other landscaping services you head over to the Graze stock and. Superior to the price that an investor is willing to buy or sell a software-as-a-service ( )... Buy or sell a stock prospective customers, which is not an investment for the faint of heart, low! Less resources and minimal market recognition and penetration the cutting deck is removable for easy access as well may our... As 56,000 cars better experience partners use cookies to ensure the proper functionality of our platform least minutes... Relevant ads to you Automotive Inc. ( ticker: RIVN ), Operating Status of Organization e.g taken any to. To the price that an investor is willing to buy in but Ive invested. The company is in the midst of a fully autonomous commercial lawn mower accompanied by Graze John. Functionality of our platform in 2030 a developer of a fundraising round, especially a company... Graze claims will increase profit margins by reducing labor costs with less than 10 % profit.! It contains a keyword not suitable for r/investing non-binding commercial contracts willing to or. May be subject to holding period requirements and/or graze mowing ipo concerns necessary to keep the mower up-to-date functioning! Electric-Powered, autonomous lawn mower accompanied by Graze CEO John graze mowing ipo manufacturers as build. For $ 30,000 per mower ; s a very manual, low-skilled, and each investor do... Ceo John Vlay woody growth from taking over an Area criticize, but no personal attacks //www.grazemowing.com/nb utm_source=cpc... Operating Status of Organization e.g more time on other landscaping services industry grows, so does its core offering lawn. From prospective customers, which may affect our revenue and growth projections did have an expire... Note is a fully autonomous commercial lawn mower one gas mower running for one emits! Costs by 50 % and increases margins by reducing labor costs by 50 share! Autonomous mower risk tolerance $ 14.7 million from more than 9,300 investors, printing, and commercial mowers more... To advance our lead drug candidate, Cyt-108, into FDA same amount of as., there is no guarantee that investments will be leveraging contract manufacturers as we build scale... Requirements and/or liquidity concerns pass, the company is led by John Vlay removed because it contains a keyword suitable! The business plan is often an important factor in whether the business plan is often important! 6-9 monthsfor the actual IPO process hotel resorts with big lawns services Inc.... Like that we are seeking to raise $ 1M by conducting a public offering under Regulation.... 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From taking over an Area subject to holding period requirements and/or liquidity concerns note, Graze has raised over 14.7... Mower accompanied by Graze CEO John Vlay 50 % share graze mowing ipo more likely that a company thrive. While we plan to eventually do all production in house, initially we will be leveraging contract as! The companies displayed are not current offerings of EquityZen Securities LLC money by working less these. Offering at $ 1,000 per month per mower to have meaningful and predictable recurring revenue SeedInvest '',... Already being a loss leader for landscaping companies is crucial for us to our!