Founder Details

Bloomcatch
Company name
Bloomcatch
Company website
Industry
AI/ML/Big Data
Location
Centreville
Developmental Stage
Beta/Shipping to Customers

Company description

Bloomcatch puts the power of nature in the palm of your hand. Our goal is to help everyone keep their plants alive and healthy. We do that through our application and emphasizing our three pillars: 1) Accurate plant identification 2) Live customer service 3) 10% of proceeds goes to local charities of choice

Product/service description

Bloomcatch uses image recognition and machine learning to help users identify their plants. After a successful plant ID, Bloomcatch connects the user to their local garden center for easy plant purchases. Bloomcatch also provides ongoing plant care maintenance tips and instructions in a continuous effort to help gardeners keep their plants alive.

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Full Interview

Full Interview

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Commentary

  • Problem and solution

    Bloomcatch helps users keep their plants alive.

  • Team

    Ray Magee: CEO and Founder Radu Grama: Chief Technology Officer Dara Padwo-Audick: Direc...

  • Market (TAM)

    Horticulture Market: $40BN with CAGR of 8% TAM (Houseplants Only in the US): 33.1 Milli...

  • Competition

    1) MyGarden Answers 2) PictureThis 3) PlantSnap

  • Progress in the Business

    1) Successfully raised $50,000 from family and friends in the past year 2) Successful pre...

  • Customer Acquisition

    Our go-to market strategy for early traction is to focus on: 1) Blogs, Vblogs, and podc...

  • Intellectual Property

    None as of yet. But we have several ideas in progress to file a provisional patent.

  • Partnerships/JV/Agreements

    1) Contract with large nursery in Virginia and Maryland 2) Contract with two local charit...

  • Financials

    1) $50,000 raised to date from family and friends 2) Bootstrapped the rest from the found...

  • Financing Rounds

    Raising our Seed Round of $600K. Looking to close in March 2021.

  • Risks

    1) Current competitors have a significant lead in the marketplace. 2) Sizable expenses ar...

  • Exit Strategy

    1) Google 2) Amazon 3) Microsoft 4) Lowes 5) Home Depot

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Raymond Magee

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