CLOSED
GET A PIECE OF TRELLA TECHNOLOGIES
Grow what you want, where you want.
At Trella Technologies, we create energy-efficient and globally-scalable solutions to problems unique to the indoor farming industry. We're diversifying the types of plants that can be grown indoors with sustainable, automated plant-training robotics.
$363,401.06 Raised
REASONS TO INVEST
We’re solving a “billion-person” problem, with the global capacity to impact the booming indoor farming and cannabis industries. Both industries are considered to be essential businesses during the COVID-19 pandemic, which has demonstrated the world’s immense need for automation and sustainable practices in the production of food and medicine. [1]
Our innovative tech is the first of its kind. That's why we partnered with Hamilton Brook Smith Reynolds, one of the top intellectual property law firms in the US.
We have a dynamic and passionate team with vast experience. We're flexible, creative and working within our niche!
ABOUT
HEADQUARTERS
173 Clay Pond Rd.
Bourne, MA 02532
WEBSITE
View Site
At Trella Technologies, we create energy-efficient and globally-scalable solutions to problems unique to the indoor farming industry. We're diversifying the types of plants that can be grown indoors with sustainable, automated plant-training robotics.
TEAM
Aja N. Atwood
CEO & Co-founder
Andres Chamorro III
VP of Engineering & Co-Founder
Beth Waterfall
Advisor, Public Relations
Angela Pitter
Advisor, Digital Marketing
Green Lion Partners
Advisors, Cannabis Industry
Nina Hrebenko
Operations Manager
Jeff Benning
Lead Engineer
Jennifer Linnane
Industrial Design & UX Consultant
Matt Waddell
Project Design Engineer
Andrew Keener
Software Engineer
TERMS
Trella Technologies
Overview
INTEREST RATE
10.0%
MATURITY DATE
Mar 1, 2021
VALUATION CAP
$30M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$200
DISCOUNT RATE
20.0%
CONVERSION TRIGGER
$4,070,000
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
Class B Units
What is a Convertible Note?
A convertible note offers you the right to receive Class B Units in Trella Technologies. The amount of Class B Units you will receive in the future will be determined at the next equity round in which the Company raises at least $4,070,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $30,000,000.00 Valuation Cap or if less, then you will receive a 20.00% discount on the price the new investors are paying. You also receive 10.00% interest per year added to your investment. When the maturity date is reached, if the note has not converted then you are entitled to receive Class B Units equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).
*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below
We are seeking to raise a minimum of $10,000 (initial target amount) for fundraising marketing to continue the raise to $107,000. If we reach our offering maximum, we are contemplating increasing the offering maximum to $1,070,000 through Regulation Crowdfunding.
PERKS*
$1,000+ Investment
Receive a Trella Technologies sweatshirt or vest, your pick!
PERKS (IF WE RAISE OVER $250,000)*
$5,000+ Investment
You will be invited to visit our research lab in Massachusetts and to meet Team Trella.
(Transportation and accommodation not included).
$25,000+ Investment
You will receive a personal invite to a dinner with the founders of Trella Technologies as well as a tour of the research lab in Massachusetts.
Location and time need to be mutually agreed on (Transportation and accommodation not included).
*All perks occur after the offering is completed.
StartEngine shareholders bonus
Trella Technologies LLC will offer 10% additional bonus interest for all investments that are committed, within 24 hours of this offering going live, by StartEngine Crowdfunding Inc. shareholders who invested over $1,000 in the StartEngine Reg A offering which closed earlier this year.
StartEngine shareholders who have invested $1,000+ in the StartEngine Reg A+ campaign will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering if they invest within a 24-hour window of their campaign launch date. For example, if invest in the first 24 hours, your annual interest rate will be 11% instead of 10%.
This 10% Bonus is only valid for one year from the time StartEngine Crowdfunding Inc. investors receive their countersigned StartEngine Crowdfunding Inc. subscription agreement.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments; Salary payments made to one’s self, a friend or relative
PRESS
Women in Cannabis: These 9 Women Are Stirring the Pot in Massachusetts
As the retail cannabis industry looks to reach a billion dollars by 2020, it is inevitably attracting top talent — with a lot of diversity. As we look to track the fledgling industry, here are nine women who are stirring the pot in Massachusetts.
Breaking The Grass Ceiling: Eight Women Who Are Ruling Cannabis
Aja Atwood, co-founder of Trella Technologies, combined her interest in cannabis with her background in mechanical engineering when she helped launched the company. With its clever design, Trella’s space-efficient and automated setup is the perfect solution for growing tall plants in small spaces...
ALL UPDATES
REWARDS
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Joseph Rolleri
2 years ago
Please status up date on production and sales
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Carson Clow
2 years ago
The note has past maturity date. I invested in the note. What happens now?
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Joseph Rolleri
2 years ago
Status on below??? Joseph R. 14 INVESTMENTS 5 months ago Are there and pending orders or contracts Aja A. - Trella Technologies 5 months ago Hi Joseph, Thanks for your support in the form of investment. And, yes! We have orders in the queue which includes orders placed online AND larger contracts for multiple units with commercial growers. Thanks again!
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Carol A Cali
3 years ago
Hi Aja, that's FANTASTIC news, regarding switching to a Corporation & especially NO K-1s!! Thank you for that, I'm sure that will be much appreciated by all (even if no one realizes --YET!) I look forward to hearing more. #GoCrushIt!
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Carol A Cali
3 years ago
Hi Aja, since (as I understand it,) an LLC is not considered a corporation nor a partnership, will Trella Technologies, LLC be issuing a 1099-DIV or a K-1 for taxes? OR...?
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Joseph Rolleri
3 years ago
Are there and pending orders or contracts
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Ruby A. Batimana
3 years ago
What happens with the convertible notes that we are now past the maturity date of March 1st?
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Sam Eljaouhari
3 years ago
Great news on the patent and improvements around the product design over the last couple years. Looking forward to this product revolutionizing indoor farming!
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Carol A. Cali
3 years ago
JUST found Start Engine a few days ago & eventually Trella. I am very impressed by what you're doing, for many reasons, especially the FOOD end & the potential NASA connection (would be amazing, especially when one thinks of the Movie/Book 'The Martian'!!) I've read thru the Q's here, have read as much info as I could find & I become even more impressed, especially by your (Aja's) responses. Q, regarding the Conv Note, what happens if the company cannot, or chooses not, to raise subsequent equity financing? Do you include provisions for an automatic conversion on maturity? Is there a clear plan for both success and failure? Yes, I did see your strategic exit plan... (If this info is somewhere, I may not yet have found it, sorry.) Btw, Congrats on the Patent!! (Oh & quasi Bostonian here, lived in Bean Town for several yrs & went to college in NH.)
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
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SECURE
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DIVERSE INVESTMENTS
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FAQS
Crowdfunding
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Larry Lagroon
a year ago
How do I apply to work here. Is there any remote work? I’m willing to invest 50% of salary for equity.
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