Carbonic
Early Stage
Sequestering pork manure carbon
Overview
Raised: $1,000
Total Commitments ($USD)
Platform
Silicon Prairie Online
Start Date
12/21/2021
Close Date
09/30/2022
Min. Goal
$200,000
Max. Goal
$250,000
Min. Investment
$1,000
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
Uncapped
Discount
20%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
09/30/2022
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$4
Momentum
Not Funded
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Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Carbonic is raising funds on Silicon Prairie Online. The biomass handling company is focused on converting pork manure carbon into High-Density Polyethylene (HDPE). HDPE is an industrial plastic and is used to make grocery bags, milk jugs, playground equipment, and medical devices. Carbonic addresses the concerns of human-caused carbon dioxide being released into the atmosphere and is helping the meat processing industry too. Lyno Sullivan founded Carbonic in February 2020. The current crowdfunding campaign has a minimum target of $200,000 and a maximum target of $250,000. The campaign proceeds will be used for marketing, growth, and expansion.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 12/21/2021
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