CIHC
Early Stage
Mass produce eco-friendly plastic using agricultural waste
Analytics
Raised: $1,615,789
Aggregate Commitments $
Platform
Wefunder
Start Date
09/01/2021
Close Date
05/01/2022
Min. Goal
$100
Max. Goal
$5,000,000
Min. Investment
$100
Security Type
SAFE
Funding Type
Test the Waters / RegCF
Valuation Cap
$32,000,000
Discount Rate
0%
Rolling Commitments $
Status
Active
Reporting Date
12/05/2021
Days Remaining
147
% of Min. Goal
1,615,789%
% of Max. Goal
32%
Likelihood of Max
Avg. Daily Raise
$17,008
Momentum
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Location
North York, Ontario
Industry
Industrial Services
Tech Sector
EnterpriseTech
CIHC, with a valuation of $32 million, is testing the waters on Wefunder. The company is building a factory to make plastic pellets using agricultural waste from food crops. The patent-pending technology of CIHC aims to provide more consistent and higher quality outputs and reduce the cost of production. CIHC aims to replace over a million tonnes of plastic with its bio-composite plastic and expects to generate $1 billion of revenue annually in the next ten years. Robert Ziner founded CIHC in 2020. The current crowdfunding campaign has a minimum target of $100 and a maximum target of $5,000,000. The campaign proceeds will be used for growth and expansion.
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