Ecotone Renewables (2023)

Ecotone Renewables (2023)

About this raise

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.

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Investment Overview

Invested this round: $124,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
02/28/2023
Close Date
04/16/2023
Min. Goal
$25,000
Max Goal
$124,000
Min. Investment

$100

Security Type

Debt

Payment Schedule

Quarterly

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

12.75%

Term Length

5.0 years

Company & Team

Company

Year Founded
2022
Industry
Farming & Agriculture
Tech Sector
AgriTech
Distribution Model
B2B/B2C
Margin
Low
Capital Intensity
High
Location
Pittsburgh, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Dylan Lew
Title
CEO
Founder Name
Kyle Wyche
Title
COO

Financials

 Revenue
$10,161
as of FY2022
 Monthly Burn
$14,204
as of FY2022
 Runway
12.5 months
as of FY2022

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

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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
02/15/2025 Republic $10,000,000 $209,831 Equity - Preferred Funded RegCF
06/02/2024 Honeycomb - $89,137 Debt Funded RegCF
04/16/2023 Honeycomb - $124,000 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Ecotone Renewables on Honeycomb 2023
Platform: Honeycomb
Security Type: Debt

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