Capital Good Fund

Capital Good Fund

Capital Good Fund is raising funds on Climatize. It is a US treasury-certified community development financial institution that provides inclusive financial services. Capital Good Fund is currently raising funds to provide interest-free loans for energy-efficiency upgrades to low and moderate-income households in underserved communities through its project Heat Pumps for New England. The project aims to help underserved communities, promote financial inclusion, and support environmental sustainability. Andrew Posner founded Capital Good Fund in February 2009. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $500,000. The campaign proceeds will be used to fund the project costs.

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Investment Overview

Raised this Round: Raised: $47,300

Deal Terms

Total Commitments ($USD)

Platform
Climatize
Start Date
11/26/2024
Close Date
02/23/2025
Min. Goal
$100,000
Max. Goal
$500,000
Min. Investment

$10

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

6.50%

Term Length

5.0 years

Company & Team

Company

Year Founded
2009
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Providence, Rhode Island
Business Type
High Growth
Company Website
Visit Website

Team

Employees
52
Prior Founder Exits?
No
Founder Name
Andrew Posner
Title
CEO

Financials

as of Fiscal Year 2023
 Revenue +18% YoY
$6,750,023
 Monthly Burn
Profitable
 Cash on Hand
$1,135,619
Gross Margin
4%

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$6,750,023

$5,723,489

COGS

$6,472,190

$5,479,002

Tax

$0

$0

 

 

Net Income

$277,833

$244,487

Summary Balance Sheet

FY 2023 FY 2022

Cash

$1,135,619

$4,517,815

Accounts Receivable

$-377,277

$58,352

Total Assets

$23,021,364

$17,247,323

Short-Term Debt

$4,890,255

$6,602,979

Long-Term Debt

$15,951,011

$8,742,079

Total Liabilities

$20,841,266

$15,345,058

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
02/23/2025 Climatize - $47,300 Debt Active RegCF
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Capital Good Fund on Climatize 2024
Platform: Climatize
Security Type: Debt

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