Hempitecture Celebrates the end of it's Seed Round Capital Campaign

Updated: Feb 10

Friday, February 4th was an exciting day for the Hempitecture team. Not only did Hempitecture host a first-of-its-kind meeting with nearly 100 Idaho farmers and residents alongside our processing partner IND Hemp, in further developing our local supply chain; but we also filed the company’s Form C with the Securities and Exchange Commission. The filing of Form C marks the start of our 21-day waiting period until we can close on invested funds. There is still time to invest in Hempitecture through our Wefunder, time is limited so we recommend acting now.

Hempitecture commenced its Wefunder Investment 8 months ago in June of 2021 and was blown away by the support received. With $1,387,421 invested in the first week alone (55% of our $2.5 million dollar goal) only to surpass that goal a month later to now - where we are oversubscribed on investments! We are thankful, honored, and thrilled to welcome our first round of shareholders to the future of Truly Sustainable Materials.

With Form C filed, at this stage we ask that those who initially invested confirm their investment reservation and select a payment method to fund your investment, our first close is eligible on February 25th, so if your investment has been confirmed and your funds have been submitted by then, you are giving yourself the best chance to be included in the round. For those that invested in our Wefunder, you will find an email from Wefunder asking you to confirm your investment. Unfortunately, there are more investment reservations than we can accept so not all investors are guaranteed to participate in this investment round. Promptly confirming and funding your investment is the best way to give yourself the highest chance of being included. Funding via bank transfer or check is the best way to avoid being charged any processing fees.

You will also notice a new addition to our page in the form of a Lead Investor. This investor is ONX Homes, an exciting partner in the sustainable modular construction industry with who we intend to grow a strategic supply partnership. Their investment size totals $1.5mm and you can read more about lead investors here. We will be sharing updates about ONX in the near future.

This equity crowdfunding process has allowed us to reflect on our company’s financial and cultural strengths and offer transparency in a way other companies cannot. We encourage you to review the audited balance sheet, income statement, and other financials from 2019 and 2020 included in Form C to become familiar with our business. 2021 finished on a positive note with more significant top-line revenue and HempWool® sales growth, and while 2022 is already continuing this exciting growth.

The timing of this round could not be better. Much of this capital will be rapidly deployed to commission the facility and boost our product’s awareness and distribution. We are a company ready to scale, and your capital will help pave the way for that.

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