Carbonic

Carbonic

Closed: Sep. 2022

About this raise

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.

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Investment Overview

Not Funded: $1,000

Deal Terms

Total Commitments ($USD)

Platform
Silicon Prairie Online
Start Date
12/22/2021
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    Open SEC Filing

Valuation Cap

Uncapped

Discount

20%

Company & Team

Company

Year Founded
2020
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Distribution Model
B2B
Margin
Low
Capital Intensity
High
Location
Woodbury, Minnesota
Business Type
Growth
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Lyno Sullivan
Title
CEO

Financials

 Revenue
$0
 Cash on Hand
$0

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/30/2022 Silicon Prairie Online - $1,000 SAFE Not Funded RegCF
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Carbonic on Silicon Prairie Online 2021
Platform: Silicon Prairie Online
Security Type: SAFE

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Buy Carbonic's Deal Report

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

Carbonic Deal Report

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