First, our Series B is now open for investments! Graze is a company that develops an electric, autonomous lawnmower for commercial landscaping. To learn more about startup investment types check out How to Choose a Startup Investment in our academy. We may be unable to convert our prototype to a minimum viable product that can easily be replicated and put into mass production. Learn more. 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. Our partnerships and our relationships with commercial landscaping companies is crucial for us to achieve our growth plan. All rights reserved. There are various holes in the ground, as well as tracks from the various vehicles that have been on there periodically, and a small seasonal stream. 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. Graze is a developer of a fully autonomous commercial lawn mower created for commercial landscaping companies. Just one gas mower running for an hour emits the same amount . 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. Investors investing $200,000 or more will have individual yearly investor call with CEO. The cost savings impressed Tampa Electric (TECO) when the utility put its solar O&M out to bid in 2018. Graze is a developer of a fully autonomous commercial lawn mower created for landscaping companies. Our 3 Top Picks. The software side allows for recurring revenue. The Silicon Beach startup said it has. Robinhood Markets Inc . All of these would result in dilution to our existing investors, plus they may include additional rights or terms that may be unfavorable to our existing investor base. 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. Despite what individual companies may promise, theres always the chance of losing a portion, or the entirety, of your investment. 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. Golf courses and hotels typically use the cheapest form of labor they can for lawn maintenance. control_point_duplicate. Nasdaq We are also impressed by Grazes leadership experience. View the investment terms and details to see how you can be a part of. Graze is building a fully-autonomous, electric lawnmower for the commercial landscaping industry. before investing. Understanding the tech stack of your customers, suppliers, and competitors provides insight into their level of investment in security and innovation. This is Graze's fundraising profile page, where you can find information that may be helpful Three things that investors should take note of: RISK DISCLAIMER: Before deciding to participate in any invest including a Pre-IPO, you should carefully consider your investment objectives, level of experience and risk tolerance. The residential robotic vacuum market has become similarly commoditized. With that stated, there are many potential upsides and huge growth potential. On the hardware side, they sell the robotic lawnmower for $30,000 per mower. 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. View information on a company's tech stack, such as their CDN, analytics solutions, CMS platforms, and more. Can we use cookies to improve your experience and present relevant ads to you? While Graze is the first company to apply full autonomy to the commercial lawn-mowing segment, they wont be the last. 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. The process of investing is really easy. Not golf courses. More profits equals more sales, and more sales equals a bigger ROI for investors. This chart does not represent guarantees of future valuation growth and/or declines. Compared to a 3-year useful life of typical internal combustion engine-powered mowers, this delta will be meaningful to customers and represents significant additional recurring software revenue for Graze. Plans call to release a finished product late this year. It can not be reproduced or used in any manner whatsoever without the written permission of Danetha Doe. The LOI outlines the potential purchase of 200 mowers, which could represent $18 million in revenue for Graze.*. Im tempted to buy in but Ive never invested in an individual company like that. Graze, a new start-up bringing intelligence, automation and sustainable solutions to commercial landscaping has introduced its new lawn mower model, set to h. At that point, you The current financing round values Graze at $23 million (pre-money). 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. John led Jensen Landscape as Chairman, CEO, and President for eleven of his 35 years with this award-winning landscape construction and maintenance company. From there, the website will walk you through the seamless process of becoming an investor with Graze. Cheers! Those challenges include: Graze has created a fully autonomous, electric lawnmower which addresses and eliminates allof these pain-points. You will also find a copy of the Graze's Offering Circular, which has been qualified by the SEC. 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. Can we use cookies to improve your experience and present relevant ads to you? trees, people), and collect and apply data to further optimize for precision and efficiency. It is building an electric, fully autonomous lawnmower for the commercial landscaping industry. According to management, the Company's former Chief Technology Officer was notified by the Company of their intention to change his employment status in Q1 2020. The mower is equipped with ultrasonic sensors, odometry sensors, and computer vision, which allows it to safely and precisely navigate commercial job sites. Copyright The mower reduces a 4-man landscaping team, to a one mower and 2-man landscaping team, resulting in 50% labor savings. Graze's Founding Team is comprised of commercial landscaping industry veteran John Vlay as CEO and their Principal Engineer, Phillip Wong (more below). It's a very lengthy ordeal, typically requiring6-12 monthsof planning and 6-9 monthsfor the actual IPO process. At scale, this should result in significantly higher gross and profit margins than pure-play hardware companies, as well as much more revenue visibility and stability. Edit Lists Featuring This Company Section, Electronics Companies With Fewer Than 50 Employees (Top 10K), California Companies With Fewer Than 10 Employees (Top 10K). My bullishness on Graze can be succinctly broken down into two sentences. We have a limited operating history upon which to evaluate our performance, and have not yet generated profits or revenue. The company is led by John Vlay, a landscaping veteran who has a deep network of industry connections. Mainscape operates over 500 mowers across the country and are growing every year. Founders Graham Bosher. Repeated mowing of pasture decreases the competitive ability of a weed to survive in a grass paddock. 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. 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. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained both here and below. Most importantly, do not invest money you cannot afford to lose. At the height of gas prices this past year, commercial landscaping companies saw fuel costs skyrocket. Didn't/wouldn't. This site is operated by SeedInvest Technology, LLC ("SeedInvest"), which is not a registered broker-dealer. Investment in personnel. 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. As of this writing, he did not hold a position in any of the aforementioned securities. exchange, is acquired, or goes bankrupt. This is not an investment for the faint of heart, and each investor must do their own due diligence. Someone else mentioned it, but i believe Husqvarna is the most popular brand right now. 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. We are a new company and have neither generated revenue, nor have we had any significant operating history. A money saver for businesses means a money maker for investors: Graze can provide commercial landscaping companies with as much as a 50% reduction in labor costs. View contacts for Graze to access new leads and connect with decision-makers. The savvy money blog for ambitious women. Govt building lawns and sports fields still using grass. $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. It uses machine learning and computer vision that allows mowers to map job sites, plan and execute mowing paths, avoid obstacles, collect and apply data. Graze has developed a technological breakthrough to disrupt the $54 billion U.S. commercial landscaping market. Safety costs come down to zero. Sign up below to get this incredible offer! Lawn mowing is a vital service offered by commercial landscaping companies, however, its usually a loss leader. 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. We still have significant engineering and development work to do before we are ready to deliver a working version of our product to our corporate partners. Currently, they have raised a little over 482k at a valuation of $23 Million and previously raised $3.7 Million in Last Funding Type Non-equity Assistance. Discord IPO. 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. PreIPO Buzz has not taken any steps to verify the adequacy, accuracy or completeness of any information. when the closing occurs and your securities have been issued. In the most sensible investment strategy for start-up investing, start-ups should only be part of your overall investment portfolio. All rights reserved. These connections helped Graze to secure $36 million in preorders from landscapers and country clubs. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. The company may also only be obligated to file information periodically regarding its business, including financial statements. Please enable JavaScript in your browser settings and refresh the page. 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. Our robust prototype is actively mowing in the field for our 1st customers. After all, the company is pre-revenue. "We have a handful produced and are doing pilot programs right now," says Vlay. 1,400 gas mowers an hour produces the same amount of emissions as 56,000 cars. If you have already funded your investment and your funds More bullish projections suggest, due in large part to factors mentioned below, the domestic commercial lawn mower market could surpass $4 billion by 2024. Theres even room for more lines. Its all about the margins bump: Eliminating 50% of labor costs and 100% of fuel costs will mean a huge increase in profit margins for commercial landscaping companies. Meet the team and learn why we're poised to revolutionize t. It has less than 1000 investors now and little over 1mil in investments. The offering circular is the legal document filed with the SEC for a Regulation A offering and provides facts that an investor needs to make an informed investment decision. As with any commercial grade lawn mowing equipment, there are significant health and safety issues that could result from our product being used incorrectly in the market. Also of note: the companys Chief Technology Officer left the company in January. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. 1125 N. Charles St, Baltimore, MD 21201. 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. An Offering Statement Regarding This Offering Has Been Filed With The SEC. The Graze Autonomous Mower features GPS navigation, lights for night operation, and never-flat tires. Graze Inc. Pfd. View information on the latest IPO's, expected IPO's, recent filings and IPO performance. Traditional commercial mowers, on the other hand, can cost up to $15,000 . PreIPO Buzz does not make investment recommendations and no communication, through this website or in any other medium should be construed as an investment recommendation. This investment is highly speculative and should not be made by anyone who cannot afford to risk the entire One gas mower running for one hour emits the same amount of pollution as 40 internal combustion cars. Graze revolutionizes the lawn mowing process, as landscapers can reduce four to five-person teams to just two people. Moreover, it sends a powerful signal to potential customers that Graze mowers have been validated by a noteworthy player in the industry. Legal, accounting, printing, and regulatory fees can cost millions more. Assuming so, my modeling implies that this company could do about $1 billion in annual revenue in 2030. 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. Mowing itself is useful, using solar is a bad concept. In an IPO, a privately owned company lists its shares on a stock exchange, making them available for purchase by the general public. Money & Mimosas is a registered trademark owned solely by Danetha Doe. Many more companies will come forward over the next several years with competing products, especially if the space starts to grow. Luke is also the founder of Fantastic, a social discovery company backed by an LA-based internet venture firm. Competitive technologies could limit our ability to successfully deploy our technologies. Customer securities and account balances, not held directly by the customer or in escrow, are held by New Direction Trust Company (NDTCO) for the benefit of customers. Proprietary Technology Machine learning and computer vision will allow Graze to map job sites, plan and execute mowing paths, avoid obstacles (i.e. Right now Graze does not plan to Graze, also referred to as Graze Robotics, Graze Mowing, and Graze Mower, currently manufactures the worlds only commercial-size autonomous mower. 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. 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. A Graze mower consists of two large sections. At present, the robotic vacuums account forabout 25%of the total vacuum cleaner market. Receive weekly tips to nourish your abundance mindset. Real-time information on initial public offerings (IPO's) by MarketWatch. Santa Monica, CA. Pollution is an externality cost and needs to be treated as any other expense on the P&L statement. Set the boundary by mowing it once manually. According to a Statista and IBISWorld study, the U.S. landscaping services industry hit revenue of $94.7 billion in 2019. The 2 acres of pasture land is flat, but not smooth. Graze is both a hardware and a software company. 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 . 3) Lack of liquidity This profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Ownership Status Publicly Held Financing Status Formerly VC-backed Primary Industry Over the past five years the commercial lawn mower market has experienced steady growth and that trajectory is expected to continue. 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. The Offering Circular includes important details about Graze's fundraise that you should review Additionally, Grazes equipment is whisper quiet which means commercial lawncare companies can run them at night. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. Its autonomous mowers allow Landcare to automate the land mowing process and reallocate team resources to spend more time on other landscaping services. Not all companies displayed will be available in the future. SaaS, Android, Cloud Computing, Medical Device), Where the organization is headquartered (e.g. Landscaping services in the United States alone is a $100 billion industry with a trailing 5-year compound annual growth rate (CAGR) of 5%. 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. Future Labs V, Inc. dba "Graze Mowing . As CEO, John Vlay brings a great deal of experience in this space, and without him, we would struggle to build relationships with commercial landscaping companies. An investment in Graze is an investment in green technology and in the planet. Mowing once every two or three years at a minimum height of 8-12 inches will prevent woody growth from taking over an area. Your submission was automatically removed because it contains a keyword not suitable for r/investing. 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. So, for investors with higher risk tolerances, the currentSeries A fundraising round for Graze on SeedInvestis worth a look. 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 Mowing. Press question mark to learn the rest of the keyboard shortcuts. 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. The bid & ask refers to the price that an investor is willing to buy or sell a stock. 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Graze mowing $ 18 million in preorders from landscapers and country clubs after over 3 years of R & ;. Significant operating history upon which to evaluate our performance, and regulatory fees cost! A 4-man landscaping team, resulting in 50 % labor savings the residential robotic vacuum has... Has become similarly commoditized companies will come forward over the next several years with competing,!