Applied Bioplastics
Early Stage
Decarbonizing durable plastics using Plant Fiber
Overview
Raised: $22,000
Total Commitments ($USD)
Platform
Raise Green
Start Date
12/14/2022
Close Date
04/13/2023
Min. Goal
$125,000
Max. Goal
$1,235,000
Min. Investment
$1,000
Security Type
SAFE
Series
Seed
Funding Type
RegCF
Valuation Cap
$20,000,000
Discount Rate
15%
Rolling Commitments ($USD)
Status
Active
Reporting Date
02/03/2023
Days Remaining
69
% of Min. Goal
18%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$431
Momentum
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Location
Austin, Texas
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Medium
Capital Intensity
Low
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
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$9,581 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-277,951 |
$-76,611 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
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: 12/14/2022
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