A Father-Son Team Raises $10 Million for Their Beekeeping Invention on Indiegogo

A Father-Son Team Raises $10 Million for Their Beekeeping Invention on Indiegogo
Image credit: Flow | Indiegogo.com

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
Senior Entrepreneurship Writer at CNBC
2 min read

A new honey-harvesting invention has raised some impressive buzz to the tune of $10 million.

Cedar and Stuart Anderson, a father and son beekeeper duo from spent 10 years perfecting an invention that radically improves the labor-intensive and high-risk art of harvesting honey. They then launched a crowdfunding campaign for their invention.

The family beekeeping team set a goal to raise $70,000 for the Flow Hive. And, judging from the way they structured their campaign, they weren’t even all that sure they would hit it. The crowdfunding campaign was launched as a “flexible” campaign on Indiegogo, an option that allows campaign owners to collect whatever money they raise, even if they don’t hit their target goal. Not reaching one’s goal, however, means paying a higher percentage of earnings to the platform as a fee for the service.   

Related: Beekeeper Invention Sets Record for Most Money Raised on Indiegogo

The Andersons’ caution was for naught. They’ve raised more than $10 million from more than 27,000 people, making it the highest-earning campaign in Indiegogo history. The campaign still has six days left and it’s pulled in 14,720 percent of the initial fundraising goal.   

“It's been a dream for me for many long years, to create a system that allows you to harvest the honey directly from the hive without opening it. After a decade of work, my father and I have achieved our goal and it now works better than I ever dreamt it would,” writes Cedar on Indiegogo about the campaign. “It's so exciting to be bringing this to the world.”

As it turns out, Cedar isn’t the only one excited about his new invention. Buzz on, guys!

Related: Flow Hive, a Gadget for Beekeepers, Sets New Crowdfunding Record on Indiegogo

Related: Déjà Vu 2012: A Zombie-Frankenstein JOBS Act 2.0 Is in the Works

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Amplify your business knowledge and reach your full entrepreneurial potential with Entrepreneur Insider’s exclusive benefits. For just $5 per month, get access to premium content, webinars, an ad-free experience, and more! Plus, enjoy a FREE 1-year Entrepreneur magazine subscription.
Discover a better way to hire freelancers. From business to marketing, sales, finance, design, technology, and more, we have the freelancers you need to tackle your most important work and projects, on-demand.

Latest on Entrepreneur