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Fusion Farms

Operating

Fusion Properties Managment Group, Inc.

Healthcare · Mayagüez, PR

Hurricane-protected Aquaponic Farm Disrupting Puerto Rico’s Farming Model

Post-money valuation ⓘ
$4.4M
As of Jul 2019 · from Reg CF Offering (2019) · pre-money + amount raised, not a traded price
Total raised
$135,412
Across 1 round since 2019
Latest share price
$430.00
Reg CF · Common Stock · Jan 2019 offering price

Financials

FY2016–FY2017 · from SEC filings · hover any figure for its source
$0
2016
$0
2017
RevenueNet income — beside revenue when positive, below the line when a loss
Metric
FY2016 reviewed*
FY2017 reviewed*
Income statement
Revenue
$0
$0
Cost of goods sold
$0
$0
Net income
$0
$0
Taxes paid
$0
$0
Balance sheet
Cash
$0
$0
Accounts receivable
$0
$0
Total assets
$0
$0
Short-term debt
$0
$0
Long-term debt
$0
$0
Total liabilities
$0
$0
Other
Headcount
—
2

Figures as reported by the issuer in the filing shown on hover. Each year’s pill shows the assurance level of its filed statements — audited, reviewed (CPA review, less than an audit), or unaudited, as the filing’s own report or certification states it. A dashed pill marked * is inferred instead: the SEC minimum for an offering that size, which the issuer may have exceeded. No pill means we couldn’t tell. Headcount is the filing’s point-in-time count, not a year-end average. Manually corrected figures are marked “Corrected”.

Valuation over rounds

Pre-money — the valuation set before each round’s money came in
$4.3M
pre-money
Reg CF · Common · Jan 2019

Blue bars are the pre-money valuation the company stated for a priced round.

Fundraising history

Raised $135.4K / $1.1MInvestors 137Post-money $4.4M

Team

15 people
Kendell LangFounder
Co-Founder

Kendell Lang is the Chief Executive Officer of Fusion Farms, an innovative hurricane-protected indoor vertical farm solution for the re-utilization of vacant PRIDCO buildings in Puerto Rico. Fusion Farms has been in the formulation stages for decades, starting from Mr. Lang’s Bachelor of Science degree in biology from college where he completed his senior thesis on aquaculture. That early exposure to technology innovation applied to nature has kept alive the vision and passion which today has culminated in Fusion Farms. As a seasoned leader, Mr. Lang brings a unique approach to building teams. He is a life coach with a focus on people, process and tools. He has broad industry success in accounting, finance, real estate, construction, brokerage, professional services, product design, high-tech manufacturing, e-commerce and information technology.

Lisa JanderFounder
Co-Founder

Lisa Jander is a Certified Life and Relationship Coach, Public Speaker and Author of a book titled, "Dater's Ed," for parents. Becoming an author was a by-product of the passion she has for mentoring teens and young adults and has parlayed into her responsibility for the educational foundation and Community outreach opportunities for Fusion Farms. Lisa is a self-confessed "handyman" and loves every kind of power tool. As a former kitchen designer for Home Depot, Lisa has extensive design, project management and construction experience which lends to her many contributions to not only the startup of Fusion Farms but the efficient and effective ongoing operations. As a Co-Founder, Lisa provides overall project management and task tracking to organize all the myriad parts of this amazing puzzle.

Danielle
Co-founder

Danielle is the Co-Founder of Garden Pool and Operations Director. She overseas the day to day operations of the Garden Pool Store and our Local Programs. She is our resident animal expert. She grew up on a farm in the mid-west and loves growing veggies, herbs and fruit trees in the desert!

Dennis
Founder

Dennis is the founder, a designer, and a teacher at Garden Pool. Dennis invented the Garden Pool, wrote the book, developed and manages our web presence. Dennis has also designed several other Garden Pool systems, including the Fantasy Farm, and created many unique GP innovations, such as the 5 Gallon UV Sterilization Bucket. Dennis is the project manager of volunteer builds and is the course instructor for the GP Certified Designers. Dennis believes that sustainable food production helps improve entire communities. Dennis, a full-time volunteer, is the primary researcher and serves as the President and CEO of Garden Pool.

Dr. Michael McGee
Founder, Caribe Fisheries

Dr. McGee owns and operates Caribe Fisheries Inc. a tropical aquaculture farm in Lajas, PR. He is involved in all phases of aquaculture and particularly those which may be important to improving productivity and quality of life in PR. Most recently he introduced a new aquaculture species to this hemisphere, the Basa catfish. Puerto Rico is currently the only nation in the western hemisphere to culture this food fish. Exports from Vietnam to other countries of the world are over $1,000,000,000 a year and there is good potential in all tropical regions of the western hemisphere to culture this valuable species. He also offers training and workshops related to aquaculture. He is working with Fusion Farms and other institutions to increase awareness of aquaculture in PR. Caribe Fisheries was established in 1989 by Dr. Michael McGee. The main business is ornamental fish for wholesale distribution in Puerto Rico and for export. In addition, Caribe Fisheries produces fish and shrimp seeds for sale to other aquatic farms. Caribe Fisheries continues to work with governments, universities and individuals as consultants to help develop aquaculture in Puerto Rico, Central and South America. Dr. Michael V. McGee has extensive experience and training in the areas of aquaculture, aquatic ecology, water chemistry and fisheries science. For the past 18 years he has successfully developed and operated his own aquaculture-agriculture business Caribe Fisheries Inc, located in the Lajas Valley. Caribe Fisheries produces ornamental and food fish species, freshwater shrimp, aquatic plants, vegetables and herbs for sale in Puerto Rico.

Sadhu Govardhan
Founder, Govardhan Gardens

Fusion Farms has been working with Sadhu Govardhan, founder of Govardhan Gardens to focus on the unique challenges of growing tropical fruits native to tropical ecosystems in and around a CEA facility. Sadhu Govardhan is an independent thinker, eco-organic farmer, tropical rare fruit connoisseur and researcher. Sadhu will provide inputs into crop selection for maximum diversification, as well as recommendations for the outdoor living canopy on the property around the building.

Dr. Shane Burgess
Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension, Charles-Sander Dean of the College of Agriculture and Life Sciences, and Director of the Arizona Experiment Station at the University of Arizona

Dr. Shane C. Burgess, MRCVS, FLS has worked around the world as a practicing veterinarian and scientist. His areas of research expertise include cancer biology, virology, proteomics, immunology, bioinformatics and computational biology. He has 188 refereed publications, trained 38 graduate students and has received nearly $55M in competitive funding since 1997. Dr. Burgess is currently Vice President for Agriculture, Life and Veterinary Sciences, and Cooperative Extension, Charles-Sander Dean of the College of Agriculture and Life Sciences, and Director of the Arizona Experiment Station at the University of Arizona. The division has a total budget of $135M with over 3,900 students and more than 1,700 employees. He currently serves on the Agri-Business and Water Council of Arizona Executive Committee, the Board of Directors for Arizona Farm Bureau, the Governor’s Agricultural Best Management Practices Committee for the Arizona Department of Environmental Quality, the BIO5 Institute Deans’ Advisory Board, Tech Launch Arizona’s Internal Advisory Board, Arizona STEM Diploma Project Advisory, Flinn Foundation’s Arizona Bioscience Roadmap Steering Committee, Reid Park Zoological Society Board of Directors, Arizona-Sonora Desert Museum Board of Trustees, Pima County Agricultural Science Advisory Commission, Farm Foundation Round Table Steering Committee, and is a member of the National Academies of Sciences, Engineering, and Medicine Board on Agriculture and Natural Resources. Dr. Burgess also serves on a number of university-level planning and strategy committees.

Dr. Rene Esteves
Aquaculture Specialist

Rene Esteves, PhD is currently serving a dual role as the Extension Leader for the University of Puerto Rico (UPR) Sea Grant College Program which is headed by Dr. Ruperto Chaparro. Dr. Esteves is also the Aquaculture Specialist for the UPR Agricultural Extension Service. Previously he’s served as Puerto Rico’s Fisheries Liaison for the National Marine Fisheries Service of the National Oceanic and Atmospheric Administration. Dr. Esteves is a coral reef fish ecologist whose research interests have focused on larval connectivity of commercially important fish species, changes to coral reef fish community structure due to disturbances and fisheries independent assessments. His double role in the UPR is in part meant to strengthen informal education in small sustainable recirculating aquaculture projects that would both increase food security and offer alternative income for low-income rural coastal communities.

Dr. Ruperto Chaparro
Director, University of Puerto Rico (UPR) Sea Grant College Program

Agriculture is a business that develops in a competitive market system, in which success is measured to a large extent, based on the maximization of profit. To achieve this goal we must recognize that knowledge about technical aspects of crop or animal production is not a sufficient condition for the farm to make a profit. Education in managerial aspects of agriculture or agricultural business is essential to promote the development of competitive agricultural and agroindustrial enterprises. The management that is being done, through NuCeDA, sharing information and knowledge with farmers and potential farmers, is of greater importance, when we recognize that the operation of an agricultural business is somewhat different from that of other types of companies. Puerto Rico Sea Grant achieved college status in 1989 and is based at the University of Puerto Rico. Their mission is to fund scientific research to address the priorities of Puerto Rican communities. During September 2017, Puerto Rico was devastated by back-to-back major hurricanes that resulted in the worst natural catastrophe affecting the region in a century. Fishing facilities or “villas pesqueras” including boat ramps and piers were in many cases completely destroyed, boats were lost, gasoline and diesel fuel were nowhere to be found, and there was no electric power. In addition, many fishers’ houses and communities were flooded and/or destroyed by the storm. Puerto Rico Sea Grant actively assisted fishers by providing guidance about available post-hurricane assistance and benefits from federal, state and private entities.

Show 6 more people
Fusion Farms Puerto Rico Team
Garden Pools Design Team

Garden Pool is a federally recognized 501(c)3 international public charity dedicated to research and education of sustainable ways to grow food. Our mission is to develop better ways to grow food and help others do the same. Our operations are based in downtown Mesa, Arizona. We’re working on bringing the GP system to the rest of the world!

Heather
Smart Farm Game Designer

My name is Heather, and I’m in my senior year at ASU. I’m majoring in Sustainability, as well as working towards being an ASU-certified game designer. I thoroughly enjoy the design challenges presented by integrating the real and digital world, and as the team lead on the Garden Pool Game, my main responsibilities will be creating and integrating the Puerto Rico Climate Smart farm as a playable level in the video game.

Minghan
Economic Analyst

My name is Minghan Li, and I am a graduated student from ASU with a economics degree. Sustainability is one of the main concerns of economy development. Out current project is a good example of how we can reach certain production output with a sustainable focus. For this project, I am helping with data calculation and business statistics.

Prof. Luis R. Mejía Maymí
Auxiliary Dean for New Center for Agribusiness Development (NuCeDA) Department of Agricultural

Prof. Luis R. Mejía Maymí is the Auxiliary Dean for New Center for Agribusiness Development (NuCeDA) Department of Agricultural Economics and Rural Sociology. In August 2009, the Board of the College of Agricultural Sciences (Dean-Director, Associate Deans, Director of International Programs and Director of the Office of Planning and Budget); approved the creation of the New Center for Agribusiness Development (NuCeDA). This was officially inaugurated on Thursday, November 12, 2009, in the Office # 306, of Building C, of the old dormitories of the Campus. NuCeDA is a work space assigned to the Department of Agricultural Economics and Rural Sociology of the College of Agricultural Sciences; that making use of teaching and research, will make more effective the management of preparing agribusinesses and agribusinesses, in skills that contribute to the development of a sustainable agriculture. Among other matters, the Center facilitates the allocation of human and physical resources, in an integrated department, with teaching and non-teaching staff, working in the three units of the CCA - Faculty, Agricultural Experimental Station and Agricultural Extension Service. The interaction between the three units mentioned, includes the participation of graduate students, who learn by doing, while working in the SEA.

Trevor
Designer, Estimator

I am Trevor Pittman and am currently a senior student at ASU majoring in Sustainability with a minor in construction management. My focus and passion lies within design, as I enjoy the creative aspects of the projects that I collaborate on. Specifically to this project, I will be taking large part in all design and estimation aspects. This will be done largely through my expertise in 3D modeling.

Tyler
3D Model Designer

My name is Tyler Clark, and I’m an interdisciplinary student at ASU with concentrations in sustainability and design studies, with a minor in urban planning. I’m passionate about architecture and landscape architecture, and my dream is to design parks and help integrate parks into cities. For this project I’ll be helping with 3D modeling and rendering. Some of my professional work can be found at Dktadesign.com

Names and titles as disclosed on SEC Form C, StartEngine. Bios and photos come from the platform campaign page and may be out of date.

Reg CF annual-report compliance

Delinquent

Filed 0 of 8 annual reports (FY2018–FY2025)

Missing: 2018, 2019, 2020, 2021, 2022, 2023, 2024, 2025

137 investors
holder-count proxy

Reg CF issuers must file a Form C-AR each year until a Rule 202(b) termination trigger is met.

SEC filings

  • Form C-UOct 11, 20220001665160-22-002726
    EDGAR
  • Form C-UJul 8, 20190001665160-19-000771
    EDGAR
  • Form C/AApr 30, 20190001665160-19-000532
    EDGAR
  • Form C/AApr 24, 20190001665160-19-000397
    EDGAR
  • Form C/AMar 1, 20190001665160-19-000240
    EDGAR
  • Form C/AFeb 6, 20190001665160-19-000152
    EDGAR
  • Form CJan 24, 20190001665160-19-000103
    EDGAR
Source: ManualCIK 0001765492CAShare price $430.00

About this data. Figures are compiled from public sources — SEC EDGAR filings (Form C, C-AR, 1-A, 1-K) and funding-platform pages — and may be delayed, incomplete, or restated by the issuer. Financial statements are as reported by the issuer; each year is labeled with its assurance level (audited / reviewed / unaudited). A valuation cap is the conversion ceiling of a SAFE or convertible note, not an agreed company valuation; post-money figures are computed as pre-money plus amount raised and are not a traded price. Crowdonomics is not a broker-dealer, funding portal, or investment adviser; nothing here is investment advice or an offer to sell securities. Verify all figures against the linked EDGAR filings.