Applied Bioplastics

Applied Bioplastics

Early Stage

Decarbonizing durable plastics using Plant Fiber

Decarbonizing durable plastics using Plant Fiber

Overview

Raised to Date: Raised: $32,000

Total Commitments ($USD)

Platform

Raise Green

Start Date

12/13/2022

Close Date

05/25/2023

Min. Goal
$10,000
Max. Goal
$124,000
Min. Investment

$1,000

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$20,000,000

Discount

15%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$196

Momentum
Funded
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Year Founded

2019

Industry

Consumer Products, Goods & Services

Tech Sector

Cleantech

Distribution Model

B2B

Margin

Medium

Capital Intensity

Low

Location

Austin, Texas

Business Type

Growth

Applied Bioplastics, with a valuation of $20 million, is raising funds on Raise Green. They are commercializing low cost, cellulose based biopolymers as a substitute for standard plastic. Applied Bioplastics feedstocks are less expensive than traditional plastic, and are made and used in the same capital equipment utilized by the entire plastics industry– which means there should be no barriers to massive adoption. Alex Blum and Colin Ardern founded Applied Bioplastics in 2018. The current crowdfunding campaign has a minimum target of $125,000 and a maximum target of $ 1,235,000.00. The campaign proceeds will be used for hiring, research and development, and marketing and sales.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$9,581

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-277,951

$-76,611

Summary Balance Sheet

FY 2021 FY 2020

Cash

$191,296

$53,878

Accounts Receivable

$5,500

$0

Total Assets

$369,201

$137,878

Short-Term Debt

$1,626

$0

Long-Term Debt

$87,802

$87,802

Total Liabilities

$89,428

$87,802

Financials as of: 12/13/2022
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Applied Bioplastics on Raise Green 2022
Platform: Raise Green
Security Type: SAFE
Valuation: $20,000,000

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