Ecotone Renewables
Sustainability
Overview
Raised: $124,000
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/27/2023
Close Date
04/16/2023
Min. Goal
$25,000
Max. Goal
$124,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Interest Rate
12.75%
Term Length
5.0 years
Rolling Commitments ($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
$2,638
# of Investors
105
Momentum
Funded
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Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Ecotone Renewables is raising funds on Honeycomb. It is a public benefit corporation in Pittsburgh, Pennsylvania, that is advancing sustainability in local communities. The business offers innovation and climate-smart practices for communities to achieve sustainability. Ecotone Renewables is also supporting urban agriculture with its anaerobic digestion technology to process food waste and replenish degraded soil. Dylan Lew, Kyle Wyche, and Elliott Bennett founded Ecotone Renewables in July 2022. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $124,000. The campaign proceeds will be used for purchasing a new ZEUS digester, operations and distribution, marketing, R&D, and working capital.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$10,161 |
$0 |
|
COGS |
$12,053 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-170,449 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$177,368 |
$0 |
|
Accounts Receivable |
$331 |
$0 |
|
Total Assets |
$269,207 |
$0 |
|
Short-Term Debt |
$60,486 |
$0 |
|
Long-Term Debt |
$444,880 |
$0 |
|
Total Liabilities |
$505,366 |
$0 |
Financials as of: 02/27/2023
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