Overview

Raised to Date: Raised: $379,900

Deal Terms

Investment Momentum

Company Profile

Deal Summary

Financials

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/01/2022

Close Date

04/22/2023

Min. Goal

$50,025

Max. Goal

$399,975

Min. Investment

$100

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    

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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Blue Earth Compost

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

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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