Blue Earth Compost

Blue Earth Compost

Growth Stage

Blue Earth Compost is changing the way that people think about food waste

Blue Earth Compost is changing the way that people think about food waste

Overview

Raised to Date: Raised: $379,900

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/01/2022

Close Date

04/21/2023

Min. Goal
$50,025
Max. Goal
$399,975
Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$100.00

Pre-Money Valuation

$2,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2023

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

$2,694

# of Investors

315

Momentum
Funded
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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

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.

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

Financials as of: 12/01/2022
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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.

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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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