About TerraTech
TerraTech is a company based in Irvine (United States) founded in 2010.. TerraTech has raised $1.74 million across 7 funding rounds. The company has 170 employees as of December 31, 2022. TerraTech has completed 2 acquisitions, including Gro-Rite and Silverstreak. TerraTech operates in a competitive market with competitors including iAnthus, Vireo Health, Planet 13 Holdings, Gardenuity and Isodiol, among others.
- Headquarter Irvine, United States
- Employees 170 as on 31 Dec, 2022
- Stage Public
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Sectors
Agriculture
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Terra Tech Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.74 M (USD)
in 7 rounds
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Latest Funding Round
$3.5 M (USD), Post-IPO
Feb 03, 2021
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Investors
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Employee Count
170
as on Dec 31, 2022
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Investments & Acquisitions
Gro-Rite
& 1 more
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Funding Insights of TerraTech
TerraTech has successfully raised a total of $1.74M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $3.5 million completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $3.5M
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First Round
First Round
(21 Mar 2013)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Post-IPO - TerraTech | Valuation |
investors |
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| Mar, 2018 | Amount | Post-IPO - TerraTech | Valuation |
investors |
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| Jun, 2015 | Amount | Post-IPO - TerraTech | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by TerraTech
TerraTech has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gro-Rite and Silverstreak. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cannabis medical and recreational products are sold via online pharmacy.
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2016 | ||||
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Consumer goods are retailed by Gro-Rite across the United States.
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1973 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - TerraTech
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Terratech Comparisons
Competitors of TerraTech
TerraTech operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as iAnthus, Vireo Health, Planet 13 Holdings, Gardenuity and Isodiol, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cannabis products are cultivated and processed for medical use.
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| domain | founded_year | HQ Location |
Cannabis plants are cultivated in greenhouses for wellness product development.
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| domain | founded_year | HQ Location |
Cannabis products, extracts, and infused items are produced and retailed.
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| domain | founded_year | HQ Location |
Grow kits and live plants are produced and marketed.
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| domain | founded_year | HQ Location |
Cannabis products are manufactured and marketed by Isodiol International.
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| domain | founded_year | HQ Location |
Medicinal cannabis products including CBD oils and topicals are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Terratech
Frequently Asked Questions about TerraTech
When was TerraTech founded?
TerraTech was founded in 2010 and raised its 1st funding round 3 years after it was founded.
Where is TerraTech located?
TerraTech is headquartered in Irvine, United States. It is registered at Irvine, California, United States.
Is TerraTech a funded company?
TerraTech is a funded company, having raised a total of $1.74M across 7 funding rounds to date. The company's 1st funding round was a Post-IPO of $2.06M, raised on Mar 21, 2013.
How many employees does TerraTech have?
As of Dec 31, 2022, the latest employee count at TerraTech is 170.
What does TerraTech do?
TerraTech was founded in 2010 as an agri-business conglomerate headquartered in Irvine, United States. Operations are managed through wholly owned subsidiaries, including GrowOp Technology for hydroponic equipment and software in indoor agriculture, Edible Garden for sustainably grown hydroponic produce distributed to major retailers, and MediFarm LLC alongside IVXX LLC for medical cannabis cultivation and extracted products in Nevada and California markets.
Who are the top competitors of TerraTech?
TerraTech's top competitors include iAnthus, Green Roads and Vireo Health.
How many acquisitions has TerraTech made?
TerraTech has made 2 acquisitions, including Gro-Rite, and Silverstreak.