Orthogonal, a holding company and ecosystem that unites the desire to make money with doing good for the planet and society, has surpassed its minimum crowdfunding goal on Wefunder. With the confidence of over 177 investors, Orthogonal has raised over $149,105 and now has set its sights on a $1.07M campaign goal.
“We focus on a wide range of successful innovations from food and plant sciences to blockchain technology and crypto currency,” shared Orthogonal Founder David Nikzad. “By pooling our collective resources and diverse team knowledge we incubate our holdings and provide strategic partnerships to help scale each to their greatest potential… for investors. And the planet.”
Orthogonal seeks to engage with a new mindset of investor who sees the benefit of doing good. According to the campaign, the company doesn’t share the “goals that the big companies of our parents’ era embraced, where profits often did not serve the greater good nor the best interest of society.”
[clickToTweet tweet=”Orthogonal Inc’s @reinmkrinc: ‘We’re all invested in a bigger, broader, more profound definition of success and how to help each other achieve it.’ @wefunder” quote=”Orthogonal Inc’s @reinmkrinc: ‘We’re all invested in a bigger, broader, more profound definition of success and how to help each other achieve it.’ @wefunder”]
Instead, as Orthogonal invests $50k-100k in startups at seed stage and aims to make at least 11 deals per year, its ambition is to continue funding companies positioned to benefit society, but that need extra funding and mentorship to get there.
“We catapult plant medicine, healthy food, and disruptive technology companies to success by providing them with a monetization strategy, operational support, compliance / regulatory guidance and connect them with our investor network,” explained Orthogonal on the campaign.
Other Orthogonal campaign highlights:
- one of the first pre-institutional investors in Betterment in 2009, which is now valued at $800M and manages over $13B in assets.
- currently incubating seven seed-stage companies: Surya Spa & Surya Bread, Maui Raw, Kitchen Nation, Christina Seeds Inc., Randy’s Remedy, iSolve Blockchain, and Boardbrokers.com.
- holdings include Meadow and Confident Cannabis. Both of these companies do not touch the seed and generated $300M in gross sales volume in 2017. With new legislation for legality in California and across many states in the US, Orthogonal expects these sales numbers to grow exponentially.
- signed term sheet for a Pharma ICO and are launching our own ICO in Spring 2018 to provide blockchain solutions that benefit all of our holdings.
As an $10,000 investor perk Orthogonal will send investors a gift basket from one of its incubated companies. Choices are: 1) Maui Raw – outrageously tasty vegan, non-GMO macadamia nut spreads and treats, or 2) Randy’s Remedy – essential oils and lotion made from hemp and other responsibly sourced botanical ingredients that provide effective health benefits to decrease anxiety, improve mood and support good pain management.
“Orthogonal’s carefully curated conglomerate of companies creates a system by which the focus, talent, and deep experience of one interest helps support the others. As our tagline states: “the right angle.” The tangential energy of success provides a more solid path for the scalability for all our holdings,” added Nikzad. “One connection creates another and so on until you are surrounded by a universe of highly skilled individuals and energy. We’re all invested in a bigger, broader, more profound definition of success and how to help each other achieve it.”
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