• Target

    £500,000

  • Type

    Equity

  • Close Date

    May 1 2019

  • Status

    Live

RISK WARNING: Your capital is at risk. The risks include: the lack of liquidity in this market in terms of being able to realise investments and the loss of the value of investment. When you invest any loss in value will not be covered by the Financial Services Compensation Scheme.
Please read FULL risk warning.

Crop

The leading home herb grower, with intelligent LED spectrum and smart technology embedded in to the device.

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Overview

The IoT Stars have designed an Internet of Things (IoT) enabled  home herb grower - CROP. CROP utilises the intelligent LED spectrum and smart technology which allows the user to grow microgreens with bespoke tastes and nutrition levels. 
 
The device enables fast growth microgreens (from seed to plate in over a week), superior taste and improved nutrition compared to what is currently commercially available. 
 
The patent pending smart growing technology focuses on microgreens and enables anyone to tune the taste and flavours of their herbs via the CROP App. The dynamic light spectrum and pulsed LED technology integrates the latest photobiology research to optimise each stage of the plant’s growth. This can then impact how fast they will grow, but also their flavor profile and vitamin, mineral and antioxidant levels.
 
CROP has been designed to be compact, and suitable for small-scale urban living. It was designed by Fabio Salvador, an ex-McClaren and Joseph & Joseph kitchenware designer.

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Deal Manager avatar

Deal Manager
Sonal Shah

  • Sector: Technology / IT / Software
  • Region: UK: London
  • Stage: Pre-revenue start-up, under £200k invested to date
  • Eligible Tax: EIS and SEIS
  • Board Requirement: Will consider further board appointments
  • Pre Money Valuation: £850,000
  • Share Price: £7.48
  • Originator: IoT Stars Limited
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Originator


Originator: IoT Stars Limited

Deal Type: Equity

About: Crop has been designed to become the leading home herb grower, with intelligent LED spectrum and smart technology embedded in to the device.

Type: Company raising finance

Contact Name: Michael Setton

Date established: May 2015

Date Joined Envestry: January 2019