Blue Earth Compost

Blue Earth Compost

Closed: Apr. 2023

About this raise

Blue Earth Compost, with a valuation of $2 million, is raising funds on Wefunder. The company is disrupting the waste industry by making composting accessible to homes, businesses, and municipalities. The business provides waste collection services, guidance, and the right-sized containers to help clients separate the material from their trash stream. Blue Earth Compost has already diverted 20 million pounds of waste and has a 15% profit margin EBITDA with a 45% growth rate. The current crowdfunding campaign has a minimum target of $50,025 and a maximum target of $399,975. The campaign proceeds will be used for the development of a compost site and compost infrastructure.

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Investment Overview

Invested this round: $379,900

Deal Terms

Total Commitments

Platform
Wefunder
Start Date
12/02/2022
Close Date
04/22/2023
Min. Goal
$50,025
Max Goal
$399,975
Min. Investment

$100

Security Type

Equity - Preferred

Company Stage

Growth Stage

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$2,000,000

Company & Team

Company

Year Founded
2014
Industry
Consumer Products, Goods & Services
Tech Sector
Cleantech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Hartford, Connecticut
Business Type
Growth
Company Website
Visit Website

Team

Employees
11
Prior Founder Exits?
No
Founder Name
Alexander Williams
Title
CEO

Financials

 Revenue +50% YoY
$1,200,000
as of FY2021
 Monthly Burn
Profitable
as of FY2021
 Cash on Hand
$80,382
as of FY2021
 Gross Margin
33%
as of FY2021

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$809,422

$552,970

COGS

$541,021

$377,899

Tax

$8,717

$9,500

 

 

Net Income

$41,660

$50,300

Summary Balance Sheet

FY 2021 FY 2020

Cash

$80,382

$100,157

Accounts Receivable

$87,568

$48,628

Total Assets

$470,354

$303,886

Short-Term Debt

$215,526

$50,294

Long-Term Debt

$109,293

$147,047

Total Liabilities

$324,819

$197,341

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Analyst Report Analyst Report Methodology Article

Food scraps such as carrot peels look harmless, but food waste is actually one of the biggest drivers of climate change. Food decomposing in landfills emits methane, a greenhouse gas that has at least 25 times more warming power than carbon dioxide. As a result, food waste and scraps make up 8% of all greenhouse gasses emissions -- two times more than the emissions from aviation.

As it is such a big driver of climate change, we should all do our best to reduce food waste. But some food will still get wasted despite our efforts, and food scraps are hard to avoid. That’s why composting is a good solution.

Not every U.S. state separates food waste out as part of trash collection, but there are other options. Blue Earth Compost is a food waste and scraps collection company operating in Connecticut, Massachusetts, and New York. Customers like households, municipalities, and businesses pay the company to collect their plant-based waste. Blue Earth Compost then pays other companies to take the waste away and transform it.

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/22/2023 Wefunder $2,000,000 $379,900 Equity - Preferred Funded RegCF
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Add to portfolio
Blue Earth Compost on Wefunder 2022
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $2,000,000
Price per Share: $100.00

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Warning: according to the close date for this deal, Blue Earth Compost may no longer be accepting investments.

Blue Earth Compost Deal Report

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